“Terrible,” he tweeted, complaining that his daughter was being treated unfairly. His press secretary called it a “direct attack on his policies.” The president was issuing an unmistakable warning to the private sector that Trump business interests are to be given special treatment, or he will attack.
Nordstrom stock took an immediate hit. The retailer explained its decision was based solely on sales performance. Data doesn’t lie.
The presidency is trusted with unequaled powers. Demanding unfair advantage to enterprises owned by relatives and strong-arming competitors isn’t among them. The mere threat of an IRS audit can cost shareholders millions of dollars.