The Trump Organization multiple times has made use of a time-honored business strategy: bleed the business for personal enrichment and then stiff the investors, contractors, suppliers and any other entity owed money by employing bankruptcy proceedings. Although the Organization has had multiple business failures – Airlines, University, Steaks, to name only a few – bankruptcy seems to be the preferred tactic for dying entertainment businesses. The Plaza Hotel and multiple casino operations have ended in bankruptcy courts.
Other hospitality properties manage to appear solvent: the Trump International Hotel in Washington DC (that caused many of us to learn what the “emoluments clause” in the Constitution is) and the Westchester Golf Club (where they are shocked, shocked! at accusations that undocumented employees were forced to work off the clock).
ProPublica recently reported on a paid-by-taxpayers $1,000 charge at the the soon-to-be literally underwater Mar-a-Lago resort, a tiny example of the business strategy keeping the operation metaphorically afloat. $1,000? No big deal; it’s a nearly insignificant amount. But it illustrates the overall symbiosis between government expenditures and the personal enrichment of the current occupant of the White House.
Chinese President Xi Jinping visited Mar-a-Lago in April 2017 for a two-day summit. Later in the evening after the lavish state dinner, a group, including Steve Bannon who says he doesn’t drink and doesn’t remember anything about it, found its way to the resort’s Library Bar – presided over by a portrait on the wall titled “The Visionary.” (You-know-who dressed in tennis whites.) The group dismissed the bartender; the Secret Service guarded the door.
Six days later, Mar-a-Lago presented a bill for $1,006 – $838 for liquor plus 20% gratuity – with no documentation of who was there and what was the nature of the meeting. The State Department declined to pay and forwarded it to the White House, which of course did pay.