Much like his father-in-law, Donald Trump, White House senior adviser Jared Kushner is a terrible businessman.
Kushner is supposedly in the real estate business, but in reality he’s little more than a slumlord who has failed miserably when he’s made large investments in buildings such as the one he bought at 666 Park Avenue. (Interesting and appropriate address for a building owned by someone who is the top adviser to Trump, wouldn’t you agree?)
Jared eventually managed to unload 666 Park Avenue on Brookfield Asset Management, which is largely owned by the Qatar Investment Authority. Was that purchase made so the government of Qatar could curry favor with Kushner? Can you say quid pro quo?
And now we have news from Bloomberg that Jared’s company, which is still in financial trouble, is likely in line to receive a bailout via the Coronavirus Aid, Relief, and Economic Security (CARES) Act:
“The $2 trillion relief bill passed by Congress in March barred the President and his family from receiving loans or other funds from the U.S. Treasury. But that may not affect Kushner family assets if Jared Kushner has divested his stakes, or if his percentage ownership is small.
“’These are Kushner problems, these are not coronavirus problems,’ said Virginia Canter, a former ethics adviser to Democratic presidents who is now chief ethics counsel for Citizens for Responsibility and Ethics in Washington, a group that has been critical of the Trump administration. ‘But they’ll potentially be able to take advantage of federal relief, and if they do I think we should know about it.'”
Millions of us are still waiting for our measly $1.200 stimulus check so we can pay our bills and put food on the table. But Jared Kushner, who is living off the taxpayer’s dime, is now in line to get a bailout even though his own ignorance and hubris is what has driven his company into the ground.
Are you angry yet? If not, you damn well should be.