Donald Trump officially sold off his ownership in the management of the Trump International Hotel today, which will reopen under a new name without his involvement. It was believed to be his only remaining profitable property, but he sold it anyway.
This suggests that Trump must be in truly dire economic straits, as selling off profitable properties means forfeiting your ongoing revenue from them in exchange for short term cash. It also gives away that Trump is, rather obviously, not really going to run for President in 2024. After all, this is the hotel that’s down the street from the White House.
While he was in office, Donald Trump routinely abused the presidency to steer guests and revenue toward his hotel. If Trump were truly going to run again in 2024, he’d be hanging onto the property in case he wins, because it would once again become an easy way to steer money into his own pocket. Trump (or whoever is making his financial decisions at this point) is clearly not banking on a 2024 run.
But Trump will continue spending 2022 and 2023 strongly implying that he will run, so that he can keep raking in unofficial campaign donations that he can then easily stick in his pocket, because they’re not regulated like actual campaign donations to a candidate who’s actually running.
And of course the media (on the left, right, and center) will continue playing up the ruse that Trump is going to run in 2024, because the media intends to spend 2022 and 2023 milking the “Trump 2024” narrative for ratings. But come on, the guy just sold off his prized hotel down the street from the White House. Take a hint.
Bill Palmer is the publisher of the political news outlet Palmer Report