On top of his self-dealing, taxpayers are spending billions
on his vanity projects.
Justin Glawe and Ava Shook
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Trump keeps giving Musk contracts. He'll probably tell DOD to buy these pieces of junk |
On the same day his company won a $1.6 billion contract with
the US military, Elon Musk’s political action committee announced it
would spend $100 million to help Republicans win the November midterms.
In previous eras of American politics, such a development
might have caused even some Republicans to question whether the billion dollar
taxpayer payout to Musk’s SpaceX and the surge of campaign cash to help their
party win an election was a quid pro quo. In the waning years of the Trump era,
however, it was simply a Wednesday.
Musk needs government money to keep his company afloat.
Donald Trump needs Republicans to win in November so they can retain power in
Congress and stop Democrats from impeaching him. This is the very simple
anatomy of how government operates under Trump: give him money and he will help
you. Don’t give him money and he will harm you.
The nation’s largest companies are dumping cash into Trump’s
various political action committees and helping to fund his ever-increasing
portfolio of renovation projects in and around Washington DC. In return, those
companies are benefitting from massive government contracts, favorable policy
decisions from the Trump administration and the federal agencies it controls,
and even Trump’s public pumping of stocks that he
himself is invested in.
The line from giving Trump money to receiving favorable
treatment from his administration is straight and short, according to
the Wall Street Journal.
“If a company encounters an issue with the federal
government that comes to Trump’s attention, he will want to know how much money
the company gave, according to a person familiar with the matter,” the Journal
reported on July 30.
The private sector money flowing into Trump’s vanity
projects is also costing taxpayers. His ballroom is funded by hundreds of
millions of taxpayer dollars as well as private donations. In this way, we’re
all forced to fund Trump’s corruption.
A Public Notice-American Doom analysis shows that Trump is
spending nearly $1.8 billion in taxpayer dollars to fund his many renovation
projects. Meanwhile, Trump and his family’s digital currency companies have
raked in more than $2.25 billion during Trump’s second term, including as much
as $600 million from foreign interests, according to Democrats.
Trump’s foreign
licensing business has also exploded, bringing in $61
million last year alone. Another $50 billion in taxpayer dollars has gone
to government contractors who are helping to fund Trump’s ballroom, Sen. Chris
Murphy said
last month when he took to the Senate floor to detail Trump
administration corruption.
But the true cost to taxpayers for Trump’s construction
projects — as well as the historic profiting off his presidency — are likely
much higher than is currently known.
The values of mining deals tied to Trump family companies in
Kazakhstan and North Carolina could be massive, if not entirely known.
Taxpayers are helping to fund a mining operation in North Carolina benefitting
a company tied to Donald Trump Jr., thanks to a $1.4
billion loan and contract with the Defense Department. Companies tied
to Trump’s sons are also benefitting from roughly $1.6 billion in loans for a
Kazakh mining operation that the sons of Commerce Secretary Howard Lutnick are
also profiting from.