
American Oligarchs: The Kushners, the Trumps, and the Merger of Money and Power (2020)
By Andrea Bernstein
Journalist Bernstein goes back several generations to show how the Trump and Kushner families started from impoverished immigrant roots to rise to the pinnacles of financial and political power, via tax breaks meant for middle class Americans, borrowing from shady foreign sources when American banks would not loan them money, and using secrecy, intimidation and machine politics to gain their objectives.
Friedrich Trumpf left Germany in the 1890s, heading to Washington state, then to Alaska for the Yukon Gold Rush, making a fortune from taverns and brothels that served the miners. Returning to Germany to marry, he was unable to stay due to not fulfilling his military duty, so Friedrich and Mary came to Queens, where he started working in real estate development until he died likely of the Spanish flu in 1918 (at age 49). Mary was industrious and kept the family afloat while young Fred worked, eventually building up his Queens real estate empire. While not as unscrupulous as his son would become, Fred nonetheless discriminated against black tenants and circumvented estate laws to turn over his holdings to his children. Donald would move business to Manhattan, bribing officials to get huge tax breaks, hiring non-documented workers but not paying them (and what recourse do they have? [and courting hundreds of lawsuits from disgruntled employees, contractors, and vendors]), lying about occupancy rates to qualify for loans, and building what would be failed hotels in Atlantic City, Toronto, Soho, etc - but he would still profit from the failures; it would be his investors who would lose their money (Bear Stearns being a good example when Trump defaulted on a huge loan).
The Kushners (Jared's grandmother's family) and Berkowitzes (grandfather's family - he took her name) were Polish holocaust survivors who ended up in New Jersey in the late 1940s. (Thus both Trump and Kushner families benefit from immigration opportunities that Donald Trump would close off to future immigrants.) Seeing the need for post-war housing, the Kushners brilliantly started building and selling houses, eventually 1000s of single family homes - but money does not buy happiness and Charles (Jared's father) ended up trying to implicate his brother-in-law through taping him with a prostitute, and instead is sent to prison, compliments of federal NJ prosecutor Chris Christie. Charles made a $2M gift to Harvard, payable when his son is accepted. As a Harvard grad, Jared buys the New York Observer financial news, using it to take down his enemies and elevate his own agenda. When Trump is elected (despite a 3M popular vote loss to his opponent), Jared is brought on as his go-to guy. Chris Christie, whom Trump had tasked with putting together a transition team, is then sacked by the vengeful Jared and his extensive work is literally thrown in a dumpster. Together, Jared and Ivanka follow in their parents' footsteps, as Ivanka and Don Jr's lawyer (Kascewicz?) makes a huge contribution to DA Cyrus Vance's campaign, and a truth-in-lending suit against them is mysteriously thrown out. Today's White House is an extension of the Trump-Kushner style of doing business via vendetta [eg, lifting of all environmental protections proposed by perceived Obama], lies [I don't know anything about hush money paid to Stormy Daniels], and corruption [emoluments, emoluments, emoluments]. God help us.
Journalist Bernstein goes back several generations to show how the Trump and Kushner families started from impoverished immigrant roots to rise to the pinnacles of financial and political power, via tax breaks meant for middle class Americans, borrowing from shady foreign sources when American banks would not loan them money, and using secrecy, intimidation and machine politics to gain their objectives.
Friedrich Trumpf left Germany in the 1890s, heading to Washington state, then to Alaska for the Yukon Gold Rush, making a fortune from taverns and brothels that served the miners. Returning to Germany to marry, he was unable to stay due to not fulfilling his military duty, so Friedrich and Mary came to Queens, where he started working in real estate development until he died likely of the Spanish flu in 1918 (at age 49). Mary was industrious and kept the family afloat while young Fred worked, eventually building up his Queens real estate empire. While not as unscrupulous as his son would become, Fred nonetheless discriminated against black tenants and circumvented estate laws to turn over his holdings to his children. Donald would move business to Manhattan, bribing officials to get huge tax breaks, hiring non-documented workers but not paying them (and what recourse do they have? [and courting hundreds of lawsuits from disgruntled employees, contractors, and vendors]), lying about occupancy rates to qualify for loans, and building what would be failed hotels in Atlantic City, Toronto, Soho, etc - but he would still profit from the failures; it would be his investors who would lose their money (Bear Stearns being a good example when Trump defaulted on a huge loan).
The Kushners (Jared's grandmother's family) and Berkowitzes (grandfather's family - he took her name) were Polish holocaust survivors who ended up in New Jersey in the late 1940s. (Thus both Trump and Kushner families benefit from immigration opportunities that Donald Trump would close off to future immigrants.) Seeing the need for post-war housing, the Kushners brilliantly started building and selling houses, eventually 1000s of single family homes - but money does not buy happiness and Charles (Jared's father) ended up trying to implicate his brother-in-law through taping him with a prostitute, and instead is sent to prison, compliments of federal NJ prosecutor Chris Christie. Charles made a $2M gift to Harvard, payable when his son is accepted. As a Harvard grad, Jared buys the New York Observer financial news, using it to take down his enemies and elevate his own agenda. When Trump is elected (despite a 3M popular vote loss to his opponent), Jared is brought on as his go-to guy. Chris Christie, whom Trump had tasked with putting together a transition team, is then sacked by the vengeful Jared and his extensive work is literally thrown in a dumpster. Together, Jared and Ivanka follow in their parents' footsteps, as Ivanka and Don Jr's lawyer (Kascewicz?) makes a huge contribution to DA Cyrus Vance's campaign, and a truth-in-lending suit against them is mysteriously thrown out. Today's White House is an extension of the Trump-Kushner style of doing business via vendetta [eg, lifting of all environmental protections proposed by perceived Obama], lies [I don't know anything about hush money paid to Stormy Daniels], and corruption [emoluments, emoluments, emoluments]. God help us.


