myiW Current Conditions and Forecasts Community Forums Buy and Sell Services
 
Hi guest · myAccount · Log in
 SearchSearch   ProfileProfile   Log in to check your private messagesLog in to check your private messages   RegisterRegister 
Lets follow the money.
Goto page Previous  1, 2, 3 ... 33, 34, 35
 
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Politics, Off-Topic, Opinions
View previous topic :: View next topic  
Author Message
real-human



Joined: 02 Jul 2011
Posts: 12205
Location: on earth

PostPosted: Sat Oct 24, 2020 11:40 pm    Post subject: Reply with quote

https://www.forbes.com/sites/danalexander/2020/10/23/forbes-estimates-china-paid-trump-at-least-54-million-since-he-took-office-via-mysterious-trump-tower-lease/?fbclid=IwAR3PT4RdFTVRn-OVnDWh3aYxLJrKMGK6P6ErBuDm_3xBlgcrhTZqjoZkJH4#22a9025ed11e


Forbes Estimates China Paid Trump At Least $5.4 Million Since He Took Office, Via Mysterious Trump Tower Lease


Quote:
President Donald Trump, who declared “I don’t make money from China” in Thursday night’s presidential debate, has in fact collected millions of dollars from government-owned entities in China since he took office. Forbes estimates that at least $5.4 million has flowed into the president’s business from a lease agreement involving a state-owned bank in Trump Tower.

The Industrial and Commercial Bank of China signed a lease for space in 2008, years before the president took office, paying about $1.9 million in annual rent. Trump is well-aware of the deal. “I’ll show you the Industrial Bank of China,” he told three Forbes journalists touring Trump Tower in 2015. “I have the best tenants in the world in this building.”

Trump moved from the skyscraper to the White House in 2017, but he held onto ownership of the retail and office space in the building, through his 100% interest in an entity called Trump Tower Commercial LLC. That put him in an unusual position, given that government-owned entities in China hold at least 70% of the Industrial and Commercial Bank of China. Suddenly, a routine real estate deal became a conduit for a foreign superpower to pay the president of the United States.

Trump Tower
The Industrial and Commercial Bank of China maintained an office space inside President Trump's Fifth Avenue skyscraper. ROBERT ALEXANDER/GETTY IMAGES
The arrangement posed legal concerns, since the U.S. Constitution prohibits federal officials from accepting “any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign state” without Congressional approval. Ethics experts, who have often focused on the president’s hotel in Washington, D.C., argued that the president would be in violation of the Constitution’s emoluments clause from the moment he took office.

On January 11, 2017, Trump and his team held a press conference inside Trump Tower, not far from the office of the Chinese bank. Trump’s lawyer, Sheri Dillon, claimed that routine business transactions are not violations of the so-called Emoluments Clause. But she also said the president planned to donate all foreign government profits at his hotel to the U.S. Treasury. The next month, first son Eric Trump, who had just taken over day-to-day operations of his father’s business, told Forbes the donations would come from “all the properties.”

Perhaps Eric Trump meant all hotel properties, because it sure doesn’t seem like the Trump Organization handed over all their profits from the deal with the Chinese. The Trump Organization reportedly donated a total of $343,000 to the U.S. Treasury in 2017 and 2018, Trump’s first two years as president. Yet, a document connected to Trump Tower suggests that over those same two years, the Industrial and Commercial Bank of China was set to pay about $3.9 million in rent. Operating profit margins inside the building are an estimated 42%, which would suggest that the deal yielded $1.6 million of earnings over those two years. Even if you only count roughly 70% of that money as coming from the Chinese government, it still adds up to $1.2 million—or more than three times what the Trump Organization reportedly gave to the Treasury.

Debate
President Trump debates Joe Biden in the closing days of the 2020 election. JABIN BOTSFORD/THE WASHINGTON POST
The lease was set to expire on October 31, 2019, according to a debt prospectus filed with the Securities and Exchange Commission. In 2018, the state-owned bank agreed to a new lease in a different office building nearby, suggesting it might leave Trump Tower. But then, the bank decided to stay in the president’s building anyway. “They are keeping a couple of floors,” Eric Trump confirmed onstage at a business conference in October 2019.

The new arrangement is somewhat murky. Contacted Friday morning, a spokesperson for the Trump Organization initially said that the bank had “consolidated with their other offices in New York.” When told that Forbes might publish that statement, the spokesperson then seemed to confirm that the Chinese bank was in fact maintaining space in the building: “They’ve exited the vast majority of their space in Trump Tower.” The website for the Industrial and Commercial Bank of China still lists an address inside Trump Tower.

Trump has other financial connections to China. The New York Times revealed Tuesday that the U.S. president has a bank account in China. His daughter, Ivanka Trump, received 41 Chinese trademarks from the time she was appointed a White House adviser in March 2017 to April 2019, according to an analysis of documents. The review also showed that the trademarks Ivanka applied for after her father’s inauguration got approved about 40% faster than those she sought out beforehand.

_________________
when good people stay silent the right wing are the only ones heard.
Back to top
View user's profile Send private message
real-human



Joined: 02 Jul 2011
Posts: 12205
Location: on earth

PostPosted: Sun Oct 25, 2020 4:26 pm    Post subject: Reply with quote

https://abcnews.go.com/Politics/trumps-team-spent-16-billion-raised-years/story?id=73795897


How Trump’s team spent most of the $1.6 billion it raised over 2 years


Quote:
President Donald Trump's reelection team kicked off 2020 with what seemed like an unbeatable cash advantage, boasting a massive fundraising operation, bolstered by the joint efforts of the Republican Party.

Fast-forward 10 months and they've burned through a whopping $1.4 billion of the more than $1.6 billion raised over the last two years, struggling to keep up with former Vice President Joe Biden, more than what former President Barack Obama's reelection campaign and the Democrats had raised and spent by the end of the 2012 cycle.

By mid-October, the Trump campaign and the Republican Party reelection team were left with $223.5 million in the bank. The Trump campaign itself only had $43 million entering the final three weeks of the presidential election.

The revealing figures, released as the two presidential candidates debated on stage Thursday night for the last time before Election Day, came after the campaign blew through $63 million in the first two weeks of October alone -- a critical time when it only brought in $44 million. The vast majority of the money spent during that time -- nearly $45 million -- went to television and online advertising, according to the latest disclosure report filed to the Federal Election Commission, as Biden and pro-Biden efforts ramped up his ad spending.

MORE: Trump campaign trailing behind Biden in funding, weeks before Election Day, new filings show
By comparison, the Biden campaign and the Democratic Party had a total of $331 million in the bank by mid-October -- with the Biden campaign boasting $162 million of that.

_________________
when good people stay silent the right wing are the only ones heard.
Back to top
View user's profile Send private message
real-human



Joined: 02 Jul 2011
Posts: 12205
Location: on earth

PostPosted: Sun Nov 15, 2020 3:37 pm    Post subject: Reply with quote

this is a shocker...

https://www.thedailybeast.com/billionaire-charles-koch-regrets-his-partisanship?source=facebook&via=mobile&fbclid=IwAR2GWPNWl4IfOGvAs8jFghULQb-FyZ_9KRR6_Cc45oZIUKbo2ltMMAZNjXQ


‘What a Mess!’: Billionaire Charles Koch Regrets His Partisanship


Quote:
Kansas billionaire Charles Koch now says that he regrets his partisan spending—admitting in his new book that it only made things worse, according to The Wall Street Journal. The 85-year-old tycoon’s book, Believe in People: Bottom-Up Solutions for a Top-Down World, says that he is shifting his focus from intense Republican partisanship to finding unifying answers to social issues instead. “Boy, did we screw up!” Koch writes. “What a mess!” He now wants to work together with Democrats and liberals like the American Civil Liberties Union, the LeBron James Family Foundation, and Democratic state legislative campaigns. “I congratulate Joe Biden and Kamala Harris on their victory,” he said in an email to the Journal. “I look forward to finding ways to work with them to break down the barriers holding people back, whether in the economy, criminal justice, immigration, the Covid-19 pandemic, or anywhere else. At the same time, I hope we all use this post-election period to find a better way forward. Because of partisanship, we’ve come to expect too much of politics and too little of ourselves and one another.”

_________________
when good people stay silent the right wing are the only ones heard.
Back to top
View user's profile Send private message
wsurfer



Joined: 17 Aug 2000
Posts: 1130

PostPosted: Sun Nov 15, 2020 11:26 pm    Post subject: Reply with quote

The ONLY reason Agent Orange continues with his hoax and lies of rigged election is to continue to solicit donations from his minions which are used to pay off campaign debts. The longer he continues to deny the election results the more money he pulls in.
Pretty simple really!

https://www.usatoday.com/story/news/politics/elections/2020/11/07/trump-email-fundraising-would-pay-campaign-debt-fine-print-says/6202250002/
Back to top
View user's profile Send private message
mac



Joined: 07 Mar 1999
Posts: 15697
Location: Berkeley, California

PostPosted: Sun Nov 15, 2020 11:32 pm    Post subject: Reply with quote

wsurfer wrote:
The ONLY reason Agent Orange continues with his hoax and lies of rigged election is to continue to solicit donations from his minions which are used to pay off campaign debts. The longer he continues to deny the election results the more money he pulls in.
Pretty simple really!

https://www.usatoday.com/story/news/politics/elections/2020/11/07/trump-email-fundraising-would-pay-campaign-debt-fine-print-says/6202250002/


So true. For some reason i ended up on the Trump-Pence campaign e-mail list. I was happy to let them waste money e-mailing me. I get about 3 a day asking me for money. A grifter born, a grifter to the bitter end.
Back to top
View user's profile Send private message
coachg



Joined: 10 Sep 2000
Posts: 2998

PostPosted: Mon Nov 16, 2020 12:56 am    Post subject: Reply with quote

I wonder how much money Iso’s has given to him? Probably not as much as Matty gave to Steve Bannon’s wall fund. Very Happy

Coachg
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Politics, Off-Topic, Opinions All times are GMT - 5 Hours
Goto page Previous  1, 2, 3 ... 33, 34, 35
Page 35 of 35

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

myiW | Weather | Community | Membership | Support | Log in
like us on facebook
© Copyright 1999-2007 WeatherFlow, Inc Contact Us Ad Marketplace

Powered by phpBB © 2001, 2005 phpBB Group