Trump's reasoning, far from insulating his secretive practices, actually damns them. jonathanchait writes
President Trump says he’s too desperate for cash to be vulnerable to undue influence. Photo: Nicholas Kamm/AFP/Getty Images Donald Trump refuses to disclose what foreign and domestic sources are paying him during his presidency. But nobody should care, he argues, because he is losing tons of money in the process:
The more superficially plausible element is Trump’s claim to be losing money. How can he be profiting off the presidency when he is hemorrhaging cash? But this reasoning, far from insulating Trump’s secretive practices, actually damns them. Trump’s presumably unexpected victory may well have harmed his bottom line, as his political unpopularity has poisoned his brand. There is certainly plenty of evidence of Trump-branded properties disassociating themselves from him — and since branding is the main value he adds to these properties, this is a punishing financial blow.
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