This is stupid. All borrowing companies would reap profit from it. That's why the market goes up whenever money becomes cheaper. Cheap money, low rates are bad. I've railed against them forever, no matter who the President. You only have a problem with them when Trump is the President.
I think the point is Presidents have always divested. This removes the question of ulterior motives when passing policy.
Ha ha Trump needs to clam down... Fed is not responsible for U.S. manufacturing making sometimes inferior products at inflated prices compared to the rest of the world. Who is to blame? Well no one to "blame" really but U.S. Labor costs are among the highest when compared to other industrial nations. We all can get parts cheaply, it is the labor to put it together that makes pricing not competitive. Why is it Apple and Dell created products the whole world wants but they decided to build it overseas rather than in the U.S.? Because of the Fed? CSCO and INTEL are the global leaders in technology but nothing is really produced here in the U.S. Because of the FED? When I call Linksys, Dell, CSCO helplines I get a call center in Panama or India. Because of the FED? Bullshit.
I don't have any issue with that complaint. I think they absolutely should divest. But I also think that the point of this article is not that.
Yeah but their divestiture was probably relatively easy. Trump has spent a lifetime building his empire, that's all he's ever done. He's not a career politician. The guy has dozens of things going on, elaborate operations... you can't expect him to just turn his back on a lifetime of achievement for 4 or possibly 8 years as president. Think back on the last 14 presidents. I mean they may have had some wealth, but for them to divest their business interests was a cakewalk compared to what Trump would have had to do. Besides he stepped down from heading up the main corporation right? Turned it over to Jr. and Ivanka. I mean what's he supposed to do? On top of that... they're all corrupt anyway. Just because our former presidents divested whatever ties they had to what might have appeared to be a direct conflict of interest at the time doesn't mean crony capitalism wasn't rampant af, it was. It is. It always will be. Leave Trumpy's empire alone. At least he's not in the defense contracting business.
If you're running for president that is the least I can expect. Don't expect to run a country if you're not going to divest.
Which rule? Here's Article 2 of the Constitution. https://en.wikipedia.org/wiki/Artic...stitution#Clause_5:_Qualifications_for_office I don't see it. Maybe our in-house Constitutional-Scholar can check in here and clear this up.
Sorry bud, when you're wrong you're wrong. And you're wrong. There is no such rule. "The president can't have a conflict of interest," Trump recently told The New York Times. "In theory, I can be president of the United States and run my business 100 percent." And he's absolutely right. According to the 1978 Ethics in Government Act, all high-ranking federal officials are required to disclose their financial holdings and recuse themselves from any government business in which they, their families or close associates have a financial interest. All federal officials, that is, except the president, the vice president, members of Congress and federal judges. Perhaps you were thinking about Canada... I wouldn't know though as (insert Sam Kinison-esque scream)... "I don't f'ing live there!"