Ever since Donald J. Trump defeated Hillary Clinton in the 2016 presidential election, Democrats and their liberal media allies have been demanding he cut ties with all of his business entities immediately.
Now, documents provided by the Trump Organization to CNN show just that: President Trump has officially resigned from positions at over 400 business entities he was affiliated with.
From CNN Money:
The text of the 19-page letter reads: “I, Donald J. Trump, hereby resign from each and every office and position I hold” in more than 400 entities listed on the following pages. The letter is signed by Trump and dated January 19, the day before he was sworn into office.
At a press conference January 11, Trump pledged to transfer his business holdings to a trust run by his sons, though not sell his ownership stake. Sheri Dillon, a lawyer for Trump, said at the time that Trump would still receive reports on the overall profit of the Trump Organization.
She also said Trump’s two adult sons, Don Jr. and Eric, would lead the company after he resigned, and Trump would not discuss the business with them. White House Press Secretary Sean Spicer acknowledged the move at a briefing Monday afternoon.
“He has resigned from the company as he said he would before before he took office,” Spicer said. “Don and Eric are fully in charge of the company.” Trump Organization General Counsel Alan Garten said in a statement to CNN on Monday that Trump “resigned from all positions of management and authority with The Trump Organization and its affiliates.”
For months, liberals were in panic mode that a successful businessman was about to become America’s 45th president, and did everything in their power to minimize and question his legitimacy to hold office.
From day one, the left falsely claimed that President Trump’s business ties were a conflict of interest and erroneously claimed he would run his company while simultaneously serving as president of the United States.
Donald Trump had always vowed to step down from his companies when he became president and this finally puts to rest the liberal media freak-out over whether he would step away from his businesses to run the country.
Do you support President Trump’s decision to resign from all his companies? Share your thoughts below!