During his This Week broadcast, George Stephanopoulos accused the Trump family of leveraging the presidency to amass billions of dollars through various deals. Stephanopoulos cited instances such as a pardon for a tax cheat after a substantial Mar-a-Lago donation and the SEC dropping a lawsuit against Binance after the platform listed a Trump family cryptocurrency. He quoted The Atlantic, describing the situation as unprecedented corruption on a scale comparable to post-Soviet or postcolonial dictatorships. This accusation comes despite ABC’s previous settlement with Trump for a false statement made by Stephanopoulos.
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Senator Sheldon Whitehouse argued on MSNBC that Donald Trump’s corruption escalated during his second term. A key example cited was the U.S. Court of International Trade’s intervention, which prevented Trump from implementing damaging tariffs. This judicial action, according to Whitehouse, effectively saved Trump from his own self-destructive actions. The discussion highlighted the increasingly concerning levels of alleged corruption during Trump’s presidency.
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The Trump family’s extensive monetization of the presidency far surpasses that of any previous administration, accumulating hundreds of millions of dollars through various ventures including cryptocurrency deals and overseas real estate transactions. This unprecedented level of personal enrichment, including a reported $28 million payment to Melania Trump for a promotional film, contrasts sharply with past scandals like the one involving Hillary Clinton’s cattle futures, which received significantly more public attention and scrutiny. The lack of widespread outrage or formal investigations is attributed to several factors including the President’s dismantling of accountability mechanisms and a potential shift in public tolerance for such actions. Experts suggest that either the public never cared about such ethical breaches or is now overwhelmed and desensitized, while some recent polls reveal growing public concern.
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Senator Adam Schiff strongly condemned what he termed President Trump’s egregious corruption, particularly highlighting his meme coin as the most corrupt presidential act in history. Schiff alleges the coin functions as a public solicitation of bribes, generating hundreds of millions of dollars in fees for Trump and his family through trading activity and exclusive access for investors. This, coupled with other lucrative deals involving foreign investments in Trump family businesses, paints a picture of widespread financial self-dealing. The senator emphasized the vast sums of money generated through these schemes, leaving the ultimate impact and response to Schiff’s claims uncertain.
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John Q. Hosedrinker