Trump Inc – a podcast series from ProPublica and WNYC – #42 – Turning Politics Into Money

About the series

Podcasts are a good form for presenting the surreality of this era, Eric Umansky, an editor at ProPublica, told me recently. “You can capture the absurdity in ways that you can’t in text,” he said. The excellent investigative podcast that he works on, “Trump Inc.,” from WNYC and ProPublica, began in February and concludes next week. Its premise is at once straightforward and audacious: it asks big, specific questions about Donald Trump’s famously mysterious business dealings, including those concerning possible connections between his Presidency and his profits; investigates them; and encourages listeners to pitch in and help. It features several personable, savvy-sounding reporters: Andrea Bernstein and Ilya Marritz, of WNYC, and Jesse Eisinger and Heather Vogell, of ProPublica, and it has a collaborative spirit. Reporters from other outlets (including The New Yorker’s Adam Davidson) offer additional information and insights. One episode features David Fahrenthold, of the Washington Post, answering listener questions; another was inspired by a comment that Fahrenthold made about Trump suing local municipalities in which he had businesses; a listener tip resulted in a mini-episode about Trump commissioning golf-tee markers with the Presidential seal on them. Umansky told me that one “superfan” listener “went to the courthouse in Westchester to look up cases for us.” Everybody gets to be a detective. Or, as the show’s Web site puts it, “Help Us Dive Into the Swamp.” 

 

 

About this episode – Turning Politics Into Money

For generations, the Trump family has used government and politicians as a path to profit. As president, Donald Trump has taken things even further.

“This guy is a state capitalist,” said Trump’s first biographer, reporter Wayne Barrett, in a 1992 WNYC interview, cited extensively in this episode. “[In] every single one of his major deals, he was designated to be a millionaire and subsequently a billionaire by the government officials that he co-opted and compromised.”

“The Trump family is not shy on transforming their wealth into power in a very crude and brutal way,” says economist Gabriel Zucman, co-author of the book “The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay.” “But that’s the nature of extreme wealth. When you’re extremely wealthy what do you do? You spend your wealth and your time trying to defend your established position.”

This episode is based on reporting from host Andrea Bernstein’s new book “American Oligarchs: the Kushners, the Trumps, and the Marriage of Money and Power.” Read about the history of a 40-year tax break Trump negotiated for his Grand Hyatt hotel at ProPublica.