On Wednesday, our future president Donald Trump announced that he will leave his “great business in total in order to fully focus on running the country” in the White House.
“I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my,” Trump stated social media.
“Great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to ….do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses.”
“Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!” he wrote.
He had stated numerous time before that he will leave his business ventures to his adult children.
This provoked the questions among the citizens if he will be able to influence his business in the same way as before.
he is not the first candidate who promised to give up his business if elected, but Trum definitely stuck to his word. He probably does not want to come into a confict of interest when becomes president, but he did not specify this aspect in his annnouncement.
Upcoming chief of staff in the White House, Reince Priebus, also did not point out anything about Trump giving up his business career when he was a guest on Wedneday’s ‘Morning Joe’ show. He told Willie Geist that, “I’m not ready to reveal any of that.”
However, Priebus clarified that Donald Trump takes his job as a president very seriously.
“This is the first president we’ve had at least in modern history that’s had so many successful businesses and so many diverse areas across the country and in many cases retail and hospitality business that is dependent on people’s business. So, it’s not the easiest thing to work out,” Priebus said. “You should know that he’s got the best people in America working on it. And I think what you see in those tweets is a person at the top that understands and is willing and showing the American people that he’s working hard on it and he’s taking it seriously.”
When the people elected Trump they knew who he was and all about his businesses.
“Here’s the thing. He was elected by the American people with all of this knowledge in mind. I mean, there’s nothing to be ashamed of,” the incoming chief of staff said. “there’s nothing different today than there was three weeks ago. I mean, people in this country knew and accepted and celebrated this business that Donald Trump has built throughout his entire life. So now we’re working on making sure that all of those conflicts are taken care of and doing the best job we can given the fact that the laws actually are very vague and don’t contemplate this scenario but we’re doing the best we can for the American people.”
Donald Trump has collaborated with numerous foreign governments in his private career, including investing in a property in the form of a loan directly the Bank of China.
One of Trump’s children, Donald Trump Jr., believed that some of the children would heir the business and said in 2008 that “Russians make up a pretty disproportionate cross-section of a lot of our assets. … We see a lot of money pouring in from Russia.”
Barack Obama’s ethics lawyer, Norm Eisen, stated that what Trump announced on Wednesday is fairly suspicious regarding the ethical boundaries in Trump’s career and presdiential spot.
“Although it is of course important that he have no involvement in Trump business operations, in order to avoid conflicts, he must also exit the ownership of his businesses through using a blind trust or equivalent. Otherwise he will have a personal financial interest in his businesses that will sometimes conflict with the public interest, and constantly raise questions,” Eisen said in an email.
It is only natural that Trump will still have interest in working with foreign governements that bring beneit to his companies.
“That creates such a serious conflict of interest that the framers of the constitution prohibited it for the president in the emoluments clause,” Eisen said, referring to a little-known requirement from the country’s founding document that bans U.S. government employees from accepting payments by foreign countries or the companies they own.
“We have to wait for the details,” Eisen added, “and if he goes the true blind trust route…I will be the first to support it.”
However, Donald Trump will give his best to stay respectful of the ethics involved in the entirematter and his children are expected to take over.
This also means that if some of his children that will take over the family’s businesses shall not be considered as part of Trump’s White House team, including Donald Jr., Eric and Ivanka.
“Without an ethics firewall that is set up at once and continues into the administration, scandal is sure to follow,” Eisen warned.
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