I started to read through it in order to write an in depth analysis, before realizing that I don't know shit about finances and going to the movies instead.
However there are others who did not sleep through their economics classes, and THEY have made some discoveries.
For instance The Atlantic discovered that Trump is using his office to make his properties more profitable:
President Trump says he’s received tens of millions of dollars in income from the golf courses and resorts whose profile he boosted during frequent visits since taking office, according to filings released Friday by the U.S. Office of Government Ethics.
The 98 pages of financial disclosures offer a partial snapshot of Trump’s income and assets from January 2016 to April this year, as well as indications he’s reaped at least a partial windfall since his most recent filing with the Federal Election Commission last year. The filings offer less detailed information about his precise financial situation than would be obtained from his tax returns. Trump broke with modern precedents by refusing to release those returns on the campaign trail or during his presidency.
Properties that Trump frequently visited as president saw the largest boost in income. Trump claimed more than $37 million in income from Mar-a-Lago, the Palm Beach County resort in Florida he described as his “Winter White House,” as well as $20 million in income from the nearby golf club he owns in Jupiter, Florida. His claimed Mar-a-Lago income rose rapidly since his last two financial disclosures with the FEC: Trump reported more than $15 million in income from the resort in the 2015 report, followed by $29 million in the 2016 version.
So apparently while we were all criticizing Trump for constantly visiting golf clubs and resorts instead of working, he was in fact using his office to draw attention to them and make them more profitable.
Which, in my opinion, is actually much worse.
Here is a president who may be slow to respond to national disasters because he is too busy doing free advertising for one of his many commercial properties.
However the report is not all good news for Trump's finances, because we also learned that he owes hundreds of millions of dollars and may not be nearly as wealthy as he claims.
Courtesy of Raw Story:
President Donald Trump had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Ethics.
Trump reported income of at least $594 million for 2016 and early 2017 and assets worth at least $1.4 billion.
Only 1.4 billion in assets huh?
Now I'm sure that Trump would dispute this and claim that it only shows a portion of his "vast wealth," but until we see his tax returns this is really all we have to go on.
And having over 300 million in liabilities certainly does not speak well of his money management skills either.
Using the White House to make money, while lying about his wealth, and owing creditors over 300 millions dollars.
THAT is who the Russians, and of course deplorables, thought should run this country.
Yeah, that impeachment thing really cannot happen soon enough in my opinion.
Source http://ift.tt/2scyyV2
