Daily Pat Political Point–Crony Capitalism In The White House–May 29, 2018

May 29, 2018

The Daily Pat Political Point. The Trumps are profiting while working on trade deals with China, and they’re not really trying to hide it.

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China has given the green light on 13 trademarks for Ivanka Trump’s business.

China has also granted Ivanka’s company “provisional approval” for eight more trademarks. Those could be finalized in another three months.

The Associated Press says these trademarks could allow Ivanka’s brand to market a number of products in China. And while she’s not in a management role, and has placed her company’s assets in a family-run trust, Ivanka keeps profiting from her business.

Meanwhile, her father is working trade deals with China, and strangely, it appears these deals are working in the Trump Family’s benefit.

The Huffington Post’s Mary Papenfuss says just days after China approved some of Ivanka’s trademark applications, President Trump announced how he was working on ending U.S. barriers against Chinese telecom behemoth ZTE.

Trump explained in a tweet the importance of lifting penalties against ZTE because it would save thousands of Chinese jobs.

Last week, Trump announced ZTE would pay over a billion dollar fine for doing business with North Korea and Iran. The U.S. set-up sanctions against companies that did business with those two countries.

Our government placed more sanctions on ZTE when it failed to develop a reorganization plan, and then lied about it!

And then another coincidental event happened.

Just days after Trump’s tweet about ZTE, Chinese banks agreed to approve a $500 million load to an Indonesian theme park which Trump is a partner.

Wow.

That’s just dumb luck for Donald and Ivanka, isn’t it?!?!

Things keep getting better and better for the Trumps in their dealings with China.

Some would call this a gross example of conflicts of interests.

Maybe it would be wise for Congress to provide some oversight, and investigate how the Trump Family is personally benefiting from these Chinese trade talks.

But Republicans are in control. We can’t count on them to lift a finger while crony capitalism reigns all around them.

Strange, considering Trump always said on the 2016 campaign trail that he’d always put America first.

His rallying cry in 2016 should’ve been “Trump First” because it’s always been about himself.

Such is life…in The Swamp.

pat@wsgw.com

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