In a series of tweets on Wednesday morning, Donald Trump said he is “leaving my great business in total” to focus on “running the country to MAKE AMERICA GREAT AGAIN” but he says he is doing it because it's “visually important” and not legally required.
Said Trump: “I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses.”
Unfortunately, Trump is wrong about the legal implications of staying tied to his business. It has been well-documented.
And at this point, does anyone believe him?
And Trump's son-in-law Jared Kushner has conflicts of interest too:
The real-estate company controlled by Jared Kushner, President-elect Donald Trump's son-in-law, has hundreds of millions of dollars in loans outstanding from domestic and foreign financial institutions, markets condominiums to wealthy U.S. and foreign buyers and has obtained development financing through a controversial U.S. program that sells green cards.
Those and other business activities could raise conflict-of-interest issues if Mr. Kushner is named to a staff position in the Trump administration. Executive branch employees are prohibited from participating in any matter in which there is “a close causal link” between that matter and a “real possibility” of a financial gain or loss, according to the U.S. Office of Government Ethics.