Access to President Donald Trump’s business empire since the deadly riots at the U_S_ Capitol is part of a liberal “culture of cancellation”.
NEW YORK – The PGA canceled the tournament on its golf course. Banks say they will no longer lend to him. New York City wants to end its contract to operate the Central Park skating rink.
Successes to President Donald Trump’s business empire since deadly US Capitol riots are part of a liberal “culture of cancellation”, his son Eric told the Associated Press on Tuesday, saying his father will step down from the presidency. a powerful brand supported by millions of voters who will follow him “to the ends of the earth”.
“We live in the era of the culture of cancellation, but this is not something that started this week. It’s something they’ve been doing with us and others for years, ”said Trump, who along with his brother, Donald Jr., has run the family business since his father took office four years ago. “If you disagree with them, if they don’t like you, they try to cancel you.”
Comments in a long interview with the AP come amid an extraordinary reaction against the Trump Organization, after thousands of supporters of the president invaded the Capitol last week in a violent turmoil that was trying to prevent lawmakers from confirming Joe Biden’s victory in the Presidential elections.
Amid accusations that Trump sparked the crowd, the PGA of America voted to withdraw its eponymous championship from the Trump’s Bedminister golf course in New Jersey next year, a British golf organization said the British Open will not be played in a Trump property in the “foreseeable future,” e-commerce company Shopify stopped helping to manage the Trump Store online, and New York City announced it was looking to cancel contracts with Trump for skating rinks and a golf course in the Bronx.
“The president has incited a rebellion against the United States government, a clearly unconstitutional act,” said Democratic Mayor Bill de Blasio. “This is inexcusable.
And potentially most worrying of all, several banks, including one of its biggest lenders, Deutsche Bank, said they would no longer lend to Trump’s company, raising the prospect that the president may have to dig in his own pockets to pay off his loans if he can’t refinance.
“We saw the President of the United States encouraging the rioters and refraining from calling the National Guard to protect Congress in its performance of duty,” said a bank that cut ties, the Signature Bank of New York, once so close to Trump that put his daughter Ivanka on his board.
Eric Trump looked calm but combative as he spoke on the phone from his office at Trump Tower. He dismissed the scams as no major threat to a company that has minimal debt – $ 400 million against billions in assets – and can always use its vast real estate assets to raise money, not to mention the loyalty of those who defend the president.
“You have a man who would be followed to the ends of the earth by a hundred million Americans,” said Eric Trump. “He created the greatest political movement in American history and his opportunities are endless.”
Despite this optimistic assessment, the limited data available to its private company suggests that the Trump Organization’s golf properties, as well as other parts of its business, may be experiencing difficulties.
Its two Scottish golf courses have been losing money for years, had to lay off more than 1,000 workers last year due to the coronavirus, prices for condominiums in Trump’s residential buildings have dropped dramatically and the company has been unsuccessful in its plans to sell one of its most famous properties, the Trump International Hotel in Washington DC
A person who does business with members of the Trump golf club in Bedminster said that several members are considering freezing their members after the Capitol riots, and that it will be difficult to get new members.
“They don’t want to be embarrassed publicly for being members of their golf club,” said the person, who requested anonymity because he doesn’t want to lose his clients’ business. “Do you think a guy who works for a financial or pharmaceutical company wants to see his picture in the newspaper?”
Along with his father, Eric Trump spoke to the crowd on January 6, before many of them ran to the Capitol, broke down barriers, attacked the police, vandalized the building and left five dead.
“Have a little courage. Show some struggle. Learn from Donald Trump, ”said Eric Trump before urging them to“ march on the Capitol ”.
President Trump said on Tuesday, during a visit to the Texas border wall, that he had no responsibility for fomenting the insurrection and warned that efforts to challenge him because of his comments threatened only to further divide the country, “Which is very dangerous”.
Asked directly in his interview whether he felt his father had stirred up the crowd, Eric Trump paused and then the line went dead.