The conservative editorial board of the Wall Street Journal thinks President Trump's financial report is bad news for the nation and might end up hurting Republicans in particular down the road. The disclosure makes clear that Trump is "cashing in on the Presidency in big and sketchy ways," writes the board. Most notably is the $1.4 billion he made from crypto alone last year, including a memecoin tied to his inauguration. The crypto money even drew a "Yowzers" from the board. Nearly $600 million more came from World Liberty Financial, whose co-founders include the president and his sons, and whose deals with foreign entities are "dubious." The editorial also invokes the Tammany Hall phase of "honest graft" in the critical-minerals boom, where Trump family investments appear to intersect with US policy and financing.
"Assuming all of this is legal, it's still an unseemly display of using the Presidency for family profit," declares the editorial. "It's hard to believe the Trump boys would be able to do the same deals if Dad wasn't in the Oval Office." The editors also warn that Republicans are likely to pay a political price because Democrats "will have a field day" investigating all these deals. But their bigger warning is for the nation, including Trump backers: "Foreigners may come to think they can buy American goodwill or favors if they cut the Trumps in on the action. Americans, and especially his supporters, deserve better from this or any President." Read the full editorial.
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