Wednesday, April 8, 2020
By Gary Bauer
The New York Times, the Huffington Post and MSNBC's "Morning Joke" – I mean "Morning Joe" – are all pushing a story that President Trump is promoting hydroxychloroquine because he has a financial interest in the company that manufactures the drug.
Predictably, some Hollywood celebrities are once again demanding Trump's impeachment over this latest example of fake news.
- There are three Trump family trusts. Each of those trusts own shares in the Dodge & Cox mutual fund.
- According to the president's financial disclosure forms, the Trump family trusts listed their interests in the Dodge & Cox mutual fund in the lowest investment range – between $1,000 and $15,000.
- So the three family funds together have a minimum of $3,000 to a maximum of $45,000 invested in the mutual fund.
- Dodge & Cox also files financial disclosures forms, and it holds a 3.3% stake in the company that manufactures hydroxychloroquine.
- So the Trump family interest is 3.3% of $3,000 or 3.3% of $45,000. At most, the president's financial stake in the drug company is about $1,500.
It is beyond ludicrous that the left-wing smear machine believes that our billionaire president is promoting a specific drug over $1,500. He routinely donates his presidential salary, which far exceeds that amount.
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