About the G7 not coming to Doral & Presidential enrichment - Part 2

About the G7 not coming to Doral & Presidential enrichment - Part 2

Bottom Line: As I illustrated in the first part of today’s Q&A,the Clinton’s increased their net worth by 345 times after assuming office, the Bush’s 3.6 times and the Obama’s 31 times. Here’s my point. It’s impossible to separate the Presidency from one’s financial life. Whether it’s books, speeches, questionable foundations – you name it – recent presidents have greatly enriched themselves as a result of having served in that capacity. Save legitimate questions about the ethics of the Clinton Foundation, the topic has never been controversial. Now, what’s happened with President Trump’s net worth thus far? 

Donald and Melania Trump’s estimated net worth, according to Forbes, was $4 billion when he became president. Today it’s estimated to be worth $3.1 billion. Not only has he not profited off of the presidency, he’s absolutely correct when he says it’s cost him money. Aside from the fact that he donates his Presidential salary, he’s lost nearly a billion dollars while serving. That’s public service in the truest sense of the word. Don’t expect to ever hear that point established by your news media. The average American is worth 8.4% more today than when he became president. If he simply performed as the average American has, he’d be worth $336 million more today. In other words, in under three years he’s sacrificed more than $1.2 billion. And you’re worried about positive PR for Doral? Really? The entire property isn’t even worth a third of what he’s lost as President, and again isn’t even owned by him. There are two sides to stories and one side to facts. These are facts. If you fight to keep the G7, at cost, from Trump National in Doral – all you’re doing is spending more of our tax money and losing additional economic opportunity in South Florida.


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