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'The name's toxic': Trump Org in crisis and bleeding money as ex-president takes the reins again
January 21, 2021
On Thursday, The Washington Post reported that the Trump Organization is in financial freefall as former president Donald Trump prepares to take the helm of the company again.
"Financial disclosure forms, filed by the former president as he left office, revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home," reported David Farenthold and Jonathan O'Connell. "Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami — also carrying a huge debt load — saw a 44 percent drop."
<p>Moreover, the Trump Organization is also losing a number of business partners.</p><p>"On Thursday, the company's troubles grew: One of its banks and one of its law firms said they would cut their ties with the Trump Organization," said the report. "They are the latest in a string of vendors and customers who severed their relationships with the company after Jan. 6, when a mob of Trump supporters attacked the U.S. Capitol directly after he addressed them at a rally."</p><p>Meanwhile, his properties are losing contracts to host events, including the PGA tour and a triathlon in North Carolina — with the latter's organizer, Chuck McAllister, saying, "The name's toxic. It's toxic to some people. That's never going to change." The City of New York "said it will end the Trump Organization's contracts to run a carousel, two ice rinks and a golf course in city parks — contracts that brought the Trump Organization $18 million in 2019." And the Girl Scouts and a tuberculosis charity are trying to break their leases on offices in Trump's building on Wall Street.</p><p>According to the report, President Joe Biden might ultimately hold the entire fate of the Trump Organization in his hands. "That's because Biden's success in speeding up vaccinations for the coronavirus will play a major role in determining how fast the hotel and travel industries recover. In addition, because Trump's D.C. hotel is located in a federally owned building, the Biden administration is his landlord. If Trump seeks to renegotiate his lease, or to get federal approval for a sale of the building, he will be dealing with Biden's General Services Administration."</p><p>You can read more <a href="https://www.washingtonpost.com/politics/trump-company-financial-problems/2021/01/21/3899b7e4-5c25-11eb-8bcf-3877871c819d_story.html" target="_blank">here</a>.</p><p><br/></p>
<div class="rm-shortcode" data-rm-shortcode-id="88a6f990ed76364379347257cd85eb9a" id="fde46"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1352417530523037699"><div style="margin:1em 0">Remember the press conference at Trump Tower in 2017, where Trump's lawyer spoke in front of piles of paper in mani… https://t.co/6v9Q83xfB3</div> — David Fahrenthold (@David Fahrenthold)<a href="https://twitter.com/Fahrenthold/statuses/1352417530523037699">1611276440.0</a></blockquote></div>
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While America's top creative artists largely directed their energy to fighting Donald Trump's administration, with Democrats back in the White House there might once again be artistic efforts to back the administration.
That dynamic was on display after Joe Biden announced that Treasury Secretary nominee Janet Yellen should have a musical written about here.
<p>"We might have to ask Lin-Manuel Miranda, who wrote the musical about the first secretary of the treasury, 'Hamilton,' to write another musical for the first woman secretary of the treasury — Yellen," Biden said.</p><p>"So "Marketplace" asked Dessa, a member of the hip-hop collective Doomtree and one of the artists who <a href="https://open.spotify.com/track/5za2K5XXuEaFWps6pYdo2y" target="_blank">contri</a><a href="https://open.spotify.com/track/5za2K5XXuEaFWps6pYdo2y" rel="noopener noreferrer" target="_blank">b</a><a href="https://open.spotify.com/track/5za2K5XXuEaFWps6pYdo2y" rel="noopener noreferrer" target="_blank">uted</a> to 'The Hamilton Mixtape,' to think about what that might sound like," the publication <a href="https://www.marketplace.org/2021/01/21/yellen-hamilton-musical-biden-dessa/" target="_blank">explained</a>. "Here's what she and her collaborators came up with:</p>
<div class="rm-shortcode" data-rm-shortcode-id="fb2ccc777c1b4ffa616ff79484e262c5" id="c5398"><blockquote class="twitter-tweet twitter-custom-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1352386787700781058"><div style="margin:1em 0">When @JoeBiden joked that @JanetYellen should have her own @HamiltonMusical ... it got us thinking, what would that… https://t.co/H4lGUeMTfV</div> — Marketplace (@Marketplace)<a href="https://twitter.com/Marketplace/statuses/1352386787700781058">1611269110.0</a></blockquote></div>
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'That is a lie': GOP Rep obliterated on CNN for defending efforts to overturn election
January 21, 2021
On Thursday's edition of CNN's "OutFront," anchor Erin Burnett grilled freshman Rep. Nicole Malliotakis (R-NY), one of many House Republicans who tried to overturn the results of the election.
"Congresswoman, of course you did object to the results in Arizona and Pennsylvania as Congress was certifying them on the day of the deadly insurrection," said Burnett. "So how do you square saying you want to work with President Biden, when you were questioning the legitimacy of the election on January 6th?"
<p>
"Well, I went into that floor discussion with an open mind, you know," said Malliotakis. "I didn't personally sign any objections, but I said I was going to listen to what was brought and discussed on the floor. Certainly constituents of mine expressed concerns about irregularities."
</p><p>
"I'm just wondering, when you look back and are honest with yourself, do you feel you sort of bought into a narrative here that we all know was completely false?" said Burnett. "[Donald Trump]'s out there saying 5,000 dead people voted in Georgia. Two dead people voted in Georgia, but rhetoric like that got people like you on board. Do you feel you were duped?"
</p><p>
"I think that there is an issue that there are tens of millions of Americans who are concerned about whether there are safeguards in our election process," said Malliotakis.
</p><p>
"They're concerned because of lies like that," Burnett pushed back. "We're concerned because of lies like that. That is a lie. They heard that. If I heard that and believed it, I might be concerned, too. But it's not true."
</p><p>
"I've never said anything about widespread fraud," said Malliotakis. "I've said that there have been certain irregularities that need to be looked at closer, and the American people deserve to know if that took place in this election, and it appears that it did in some states, and that is all we're asking for, and I think that's very fear, just ease the minds of tens of millions of Americans who feel the election wasn't fair."
</p><p>
"Those tens of millions of Americans think that it wasn't fair because Donald Trump told them that, and that voice of Donald Trump was amplified by other people in power," said Burnett. "Because the reason they believe it wasn't fair is because someone told them it wasn't fair, and it was fair. So what I'm asking you, do you feel that you got duped and played a little bit in this?"
</p><p>
Watch below:
</p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/LnF4xNeoNTQ" width="640"></iframe>
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