Just days after announcing another run, Trump signs $4 billion real estate deal with Saudis and Oman
Rebekah Sager, Daily
Kos Staff
The
word hubris comes from Ancient Greece, meaning “exaggerated
pride or self-confidence.” And no word seems more fitting to describe former guy Donald Trump walking into Trump Tower in New
York City with his son Eric Trump last week to sign a reported $4 billion deal with a
Saudi Arabian real estate company to build a mammoth project in Oman.Saudi Arabia’s King Salman and Donald Trump take part in a
traditional sword dance, Riyadh, May 2017.
Photograph: Bandar Al-Jaloud/AFP/Getty Images
The
word hypocrite also comes from the Ancient Greek word hypokrites,
which means “an actor,” another word most fitting to describe the Republican
Party, which, after winning the House by a razor-thin margin, is promising to spend every minute of its time impeaching President
Joe Biden and investigating his son, Hunter Biden, amid unabashedly bogus
allegations of conflict of interest.
Trump
is no stranger to selling his brand, but the Saudi deal is a bold move
considering that he’s just thrown his name in the hat for a third run at the
presidency.
This
particular deal puts him directly into murky waters. According to The New York Times, the project isn’t just
some random real estate deal—it’s a deal with the government of Oman itself.
Conflict of interest much?
Kathleen Clark, a law professor at Washington University in St. Louis, tells the Times, “This is yet another example of Trump getting a personal financial benefit in exchange for past or future political power. … The Saudis and Oman government may believe that giving Trump this licensing deal will benefit them in the future, should Trump become president again. This deal could be a way to ensure that they will be in Trump’s good graces.”
The behemoth AIDA project is led by the
Saudi-based Dar-Al Arkan and is in conjunction with the government of Oman,
which the Times reports owns the land. The concept includes
3,500 high-end villas, two hotels with around 450 rooms, a golf course (of
course), and retail shops and restaurants.
This
is just Trump’s most recent project with the Saudi government. Trump also
hosted two Saudi-backed LIV Golf tournaments—including one in late July held
just 50 miles from Ground Zero, a memorial on the location where the World
Trade Center South Towers once stood. Trump stood on the sidelines and
cheered despite the fact that the 9/11 families had pleaded with the
former president to cancel the tournament.
According to Newsweek, when
Trump was asked about the 9/11 families’ plans to protest the LIV Golf event,
Trump told an ESPN reporter, “Nobody’s gotten to the bottom of 9/11,
unfortunately.”
He
added that the people who committed the attack on 9/11 were “maniacs” and that
they did a “horrible thing to our city, to our country, to the world. … But I
can tell you that there are a lot of really great people that are out here
today, and we're gonna have a lot of fun, and we're going to celebrate. Money's
going to charity—a lot of money's going to charity," he said.
But
Trump hasn’t just been in deals with the Saudis when he wasn’t in office.
During his time in the White House, his son-in-law, Jared Kushner, who worked
for the administration, took in a $2 billion investment from the Saudi
government to his private equity firm, Affinity Partners, per the Times.
Of
course, let’s not forget the massive grifting Trump was involved in during his
reign as he took in millions to the Trump International Hotel in
Washington, D.C. According to the House Committee on Oversight and Reform,
between 2017 and 2020, Trump’s hotel received $3.75 million from foreign
governments. The Times reports that, according to the Trump
Organization, profits from all of the hotel stays were paid annually to the
Treasury Department.
This
new Trump-Saudi project hopes to build a more robust tourism sector for Oman
and likely a better relationship with the U.S. The nation refused to sign
the Abraham Accords while Trump was in office, a
plan that had high hopes of thawing relations between Israel and the Middle
East.
All
of this was announced just as Trump declared his candidacy, and the Trump
family and the Trump Organization are being investigated on charges
of tax fraud.
Remember, according to a report from the watchdog group Citizens
for Responsibility and Ethics, Trump is the same guy who
committed 3,403 conflicts of interest during his presidency. So far, the
Republicans have announced zero investigations into even one of those.