Posted on 12/01/2016 3:08:28 PM PST by mandaladon
Two top Senate Democrats are pressing the government to explain how Donald Trump's federal lease to operate a luxury hotel near the White House can go forward despite what they call the "unmanageable conflicts of interest" presented by the president becoming his own landlord — as well as a provision that bans government officials from the deal.
Sen. Elizabeth Warren of Massachusetts joined with Sen. Tom Carper of Delaware, ranking Democrat on the committee that oversees government operations, in sending a letter Thursday to the General Services Administration, which in 2013 awarded a lease to the Trump organization to redevelop and run a hotel in the Old Post Office Pavilion on Pennsylvania Avenue.
Trump committed $200 million to transform the historic building into a hotel, and in return received the exclusive rights to run the hotel and keep the profits for a period of at least 60 years.
While Trump has said he will hand off control of his real estate empire to his children, he has not said whether he will transfer ownership.
First, critics say, that would mean the Trump organization would be negotiating annual rent payments with federal bureaucrats who work for Donald Trump.
And second, the GSA lease includes a standard provision stating that "No…elected official of the Government of the United States…shall be admitted to any share or part of this Lease, or to any benefit that may arise therefrom…"
"Federal procurement officials include this clause in lease agreements to avoid the appearance of favoritism or preferential treatment toward federal officials," Warren and Carper write. "GSA officials managing the agreement are required to balance their duties to execute the terms of the contract entered into with the building's tenant while also protecting the interests of the building's landlord."
(Excerpt) Read more at nbcnews.com ...
If he doesn't control the property, why is it important who owns it ?
It will be in a blind trust.
“...the Trump organization would be negotiating annual rent payments ...”
Didn’t Trump and the government already settle on a $3 million annual lease payment?
What’s left to negotiate?
Stamp your feet and howl at the moon, see what it gets you.
It’s going to be a long four (eight) years for Princess Lizzie.
“Two top Senate Democrats...”
What exactly is it that qualifies Lie-Awatha as a “TOP” Senate Democrat?
She’s truly a loathsome person.
I demand to know what Fauxcahontas’ DNA shows. I demand that she submit to a DNA test to prove she did not commit a fraud.
Mika Brzezinski Says Elizabeth Warren Is ‘On the Warpath’
http://www.mediaite.com/tv/mika-brzezinski-says-elizabeth-warren-is-on-the-warpath/
On noes. She’s on the warpath.
LOL, some great posts here....
These Commie bastards are trying to make it impossible for a businessman to ever become President.
That’s why our country is in such a death spiral. As our only political leaders for decades have been career politician hacks.
In the Elizabeth Warren worldview, anyone with a life outside of government must not be allowed to be president.
The folks voting for Trump already knew he had diverse business interests that will intersect with government activities. They voted for him in spite of it.
When Trump does something that has a positive affect on his business interests, the media will make it clear how he would benefit. That’s fine, and a far cry from seeking the presidency to enrich himself, as some of his properties are probably hurt by his successful run.
Go away, skank
The liberals will try to bankrupt Trump and his family and disrupt their businesses by death by a thousand cuts, as a warning to anyone brave enough to tackle the establishment elites. Headlines like this are why I refuse to go back to watching the nightly news.
Lizzy Warren took an axe
and gave The Constitution 40 walks,
I don't know the details of the Trump Hotel lease, but I would expect that the lease payments have already been set for at least the next 4-8 years.
Trump wouldn't have committed to spending $200M on renovation without a guarantee to fix lease payments for at least an initial term. The rental rates for future lease extensions may also have already been set.
IT’S A BEAUTIFUL THING!
https://intellectualfroglegs.com/no-rules-for-radicals/
Warren is just trying to stay relevant and in the news. This is all she’s got.
Perhaps she is positioning herself for a run in 20/20. Time to start making noise now. Sadly, the noise just makes her look desperate and stupid.
Only crooks who launder bribes in advance through their family “charitable” foundation should be allowed to be President.
Anybody who actually earns their money should be precluded.
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