This is just a quick pointer to the essential read of the day. If Kurt Eichenwald’s brutal, beautiful story on the Trump Organization’s seemingly limitless overseas conflicts of interest with US policy doesn’t become the dominant campaign story for the day and much longer, then, again, we’ll know who and what our media are.
One of the best minor pleasures of this deeply important piece is the way Eichenwald brutally dismisses the false equivalence crap that so many in the press promise us doesn’t exist. A sample:
The Trump Organization is not like the Bill, Hillary & Chelsea Clinton Foundation, the charitable enterprise that has been the subject of intense scrutiny about possible conflicts for the Democratic presidential nominee. There are allegations that Hillary Clinton bestowed benefits on contributors to the foundation in some sort of “pay to play” scandal when she was secretary of state, but that makes no sense because there was no “pay.” Money contributed to the foundation was publicly disclosed and went to charitable efforts, such as fighting neglected tropical diseases that infect as many as a billion people. The financials audited by PricewaterhouseCoopers, the global independent accounting company, and the foundation’s tax filings show that about 90 percent of the money it raised went to its charitable programs. (Trump surrogates have falsely claimed that it was only 10 percent and that the rest was used as a Clinton “slush fund.”) No member of the Clinton family received any cash from the foundation, nor did it finance any political campaigns. In fact, like the Clintons, almost the entire board of directors works for free.
On the other hand, the Trump family rakes in untold millions of dollars from the Trump Organization every year.
Much of that comes from deals with international financiers and developers, many of whom have been tied to controversial and even illegal activities. None of Trump’s overseas contractual business relationships examined by Newsweek were revealed in his campaign’s financial filings with the Federal Election Commission, nor was the amount paid to him by his foreign partners.
That should (but probably won’t) leave a mark in a certain building on 8th Ave between 40th and 41st st.
One more sample, just to get a sense of how utterly at odds with US national interest a Trump presidency would be:
With Middle Eastern business partners and American allies turning on him, Trump lashed out. Prince Alwaleed bin Talal—the billionaire who aided Trump during his corporate bankruptcies in the 1990s by purchasing his yacht, which provided him with desperately needed cash—sent out a tweet amid the outcry in Dubai, calling the Republican candidate a “disgrace.” (Alwaleed is a prodigious tweeter and Twitter’s second largest shareholder.) Trump responded with an attack on the prince—a member of the ruling Saudi royal family—with a childish tweet, saying, “Dopey Prince @Alwaleed_Talal wants to control our U.S. politicians with daddy’s money. Can’t do it when I get elected. #Trump2016.”
Once again, Trump’s personal and financial interests are in conflict with critical national security issues for the United States. During the Bush administration, Abu Dhabi, the UAE’s capital, and Washington reached a bilateral agreement to improve international standards for nuclear nonproliferation. Cooperation is particularly important for the United States because Iran—whose potential development of nuclear weapons has been a significant security issue, leading to an international agreement designed to place controls on its nuclear energy efforts—is one of the UAE’s largest trading partners, and Dubai has been a transit point for sensitive technology bound for Iran.
Given Trump’s name-calling when faced with a critical tweet from a member of the royal family in Saudi Arabia, an important ally, how would he react as president if his company’s business in the UAE collapsed? Would his decisions in the White House be based on what is best for America or on what would keep the cash from Dubai flowing to him and his family?
There’s tons more at the link — and yet Eichenwald says, correctly, that this article only scratches the surface. This is (truly) disqualifying stuff, folks. That it almost surely won’t drive Trump from the race is an indictment of him, his party, and a political process, shaped in part by a flawed media culture. That just leaves us as a last line of defense.
You know, voters.
The common clay…[Had to leave that hanging curve out for the Balloon Juice Jackals, right?]
Seriously. Eichenwald has done really important work here. Go read what he’s found, then get it out to everyone you can.
Image: Marius Granet, A Peasant Girl Buying an Indulgence, 1825