Tag Archives: President Joseph R. Biden Jr

New York Times: As Trumps Monetize Presidency, Profits Outstrip Protests

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The president and his family have monetized the White House more than any other occupant, normalizing activities that once would have provoked heavy blowback and official investigations.

When Hillary Clinton was first lady, a furor erupted over reports that she had once made $100,000 from a $1,000 investment in cattle futures. Even though it had happened a dozen years before her husband became president, it became a scandal that lasted weeks and forced the White House to initiate a review.

Thirty-one years later, after dinner at Mar-a-Lago, Jeff Bezos agreed to finance a promotional film about Melania Trump that will reportedly put $28 million directly in her pocket — 280 times the Clinton lucre and in this case from a person with a vested interest in policies set by her husband’s government. Scandal? Furor? Washington moved on while barely taking notice.

The Trumps are hardly the first presidential family to profit from their time in power, but they have done more to monetize the presidency than anyone who has ever occupied the White House. The scale and the scope of the presidential mercantilism has been breathtaking. The Trump family and its business partners have collected $320 million in fees from a new cryptocurrency, brokered overseas real estate deals worth billions of dollars and are opening an exclusive club in Washington called the Executive Branch charging $500,000 apiece to join, all in the past few months alone.

Just last week, Qatar handed over a luxury jet meant for Mr. Trump’s use not just in his official capacity but also for his presidential library after he leaves office. Experts have valued the plane, formally donated to the Air Force, at $200 million, more than all of the foreign gifts bestowed on all previous American presidents combined.

And Mr. Trump hosted an exclusive dinner at his Virginia club for 220 investors in the $TRUMP cryptocurrency that he started days before taking office in January. Access was openly sold based on how much money they chipped in — not to a campaign account but to a business that benefits Mr. Trump personally.

trump-money-plane-crypto.html

https://www.nytimes.com/2025/05/25/us/politics/trump-money-plane-crypto.html

New York Times: With Trump Visit, Qatar’s Image Makeover Scores Another Success

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The emirate, once called “a funder of terrorism” by President Trump, has spent lavishly on overhauling its global reputation.

The president, who has described the emir as a “great gentleman” and a “friend of mine,” is granting Qatar the honor of hosting one of the first foreign visits of his second term. As for the plane, the president says he would be “stupid” not to accept such a nice gift despite loud objections, not only from Democrats but from some of his most fervent MAGA supporters.

It is a dramatic turnaround for a small Persian Gulf country that Mr. Trump derided eight years ago as “a funder of terrorism at a very high level.” At that time, he cooperated with Qatar’s bitter rivals in the region — who imposed a punishing blockade on Doha — in calling for an end to what he described as the country’s “extremist ideology.”

Impeach! Impeach! Impeach!

https://archive.is/5Xbf6#selection-727.0-738.0

New York Times: Pressuring Migrants to ‘Self-Deport,’ White House Moves to Cancel Social Security Numbers

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By placing migrants in Social Security’s “death master file,” the Trump administration is seeking to cut off their access to credit cards, bank accounts and other financial services.

People who have been here LEGALLY may soon discover that they are “dead”.

Since taking office, the Trump administration has moved aggressively to revoke the temporary legal status of hundreds of thousands of immigrants who were allowed into the country under President Joseph R. Biden Jr.

Now, the administration is taking drastic steps to pressure some of those immigrants and others who had legal status to “self-deport” by effectively canceling the Social Security numbers they had lawfully obtained, according to documents reviewed by The New York Times and interviews with six people familiar with the plans.

The goal is to cut those people off from using crucial financial services like bank accounts and credit cards, along with their access to government benefits.

The effort hinges on a surprising new tactic: repurposing Social Security’s “death master file,” which for years has been used to track dead people who should no longer receive benefits, to include the names of living people who the government believes should be treated as if they are dead.

https://www.nytimes.com/2025/04/10/us/politics/migrants-deport-social-security-doge.html