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Draining the swamp.

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  • Draining the swamp.

    "Trump Orders Help For Chinese Phone-Maker After China Approves Money For Trump Project"



    WASHINGTON – A mere 72 hours after the Chinese government agreed to put a half-billion dollars into an Indonesian project that will personally enrich Donald Trump, the president ordered a bailout for a Chinese-government-owned cellphone maker.
    “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” Trump announced on Twitter Sunday morning. “Too many jobs in China lost. Commerce Department has been instructed to get it done!”


    Trump did not mention in that tweet or its follow-ups that on Thursday, the developer of a theme park resort outside of Jakarta had signed a deal to receive as much as $500 million in Chinese government loans, as well as another $500 million from Chinese banks. Trump’s family business, the Trump Organization, has a deal to license the Trump name to the resort, which includes a golf course and hotels.


    Trump, despite his promises to do so during the campaign, has not divested himself of his businesses, and continues to profit from them.



    LINK:https://www.yahoo.com/news/trump-ord...215814298.html

  • #2
    (continuing with the ZTE piece)

    "The Trump Organization on Monday acknowledged its involvement in the resort, but did not respond to questions about how much the company would make from its licensing or management fees.



    ZTE phones have already been described as a security risk by the U.S. military and intelligence community. Two weeks ago, the military banned their use on bases for fear they could be used to track the locations of service members.


    The company, which is owned 33 percent by Chinese-government-owned enterprises, had been fined $1.2 billion last year after it was found to be violating U.S. sanctions against Iran and North Korea. After it was determined that ZTE officials had lied about their actions, the U.S. government last month banned it from purchasing U.S. components for seven years — a decision that essentially forced the company to shut down."


    Donny to the rescue.

    Comment


    • #3
      Anyone who believes the swamp is being, has been, or will be drained is fooling themselves on some level.
      I am not fluent on the subject but Donald Trump isn't preaching help for a Chinese company because he is a nice guy.
      Wait until next year is a terrible philosophy
      Hope is not a strategy
      RIP

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