The problem is that he he didn't say that at all. He said that he would pull his own investments. And that action does make sense. You invest to make money - the ability to manage a venture like that would be hindered if he were not even allowed in the country. It would also speak to the ability to run a successful venture that bore your name if you were legally barred from the country.
Do you not think that the very sentiment that action would send would place a rather big question on the venture itself to make money?
My answer to your question is "no." It's no because upon assuming that office, Mr. Trump would have to step away from managing anything having to do with managing Trump Organization were he to become President, and his UK ventures along with every other venture in Trump Organization would have to survive without his attention anyway, regardless of whether he can set foot into the UK.
That raises a whole new question. Just what would Mr. Trump do with Trump Organization? It's a business held by himself and his immediate family members. Well before taking office,
Jimmy Carter placed his peanut farming business into a blind trust. Presumably Mr. Trump would do the same, but the reality is that
he isn't absolutely required to do so unless so instructed by the head of the government's office of ethics.
"It should be noted that there is no federal statute which expressly requires that particular federal officials place assets into a “blind trust” upon entering public service with the Federal Government. Rather, the use of a “blind trust” is one of several methods of conflict of interest avoidance under federal law and regulation."
That said, for certain individuals, the President among them,
there is a requirement that they disqualify themselves:
The principal federal conflict of interest law provides that an official who administers federal law should not take any official action on, or make recommendations concerning any particular governmental matter in which that official, or one closely associated with the official, has a personal “financial interest.” That is, federal officials in the executive branch of Government, other than the President or Vice President, must generally “recuse” or disqualify themselves from participating in any particular governmental matter in which they have a financial interest, or in which their spouse, dependant children, partner, or business with which they are associated, has a financial interest. Executive branch officials may also be required, under regulations promulgated by the Office of Government Ethics, to recuse themselves from certain governmental matters affecting an even broader category of persons or entities with whom they have a “covered relationship."
There is also the matter of "independence," which is not really a layman's topic, and I'd just as soon not get into a debate about the intricacies of establishing and ensuring independence. As a long time member of the AICPA, I'm quite well versed on the theory and application of the concept. In general, independence is this:
Independence is defined as follows:
- Independence of mind is the state of mind that permits a member to perform an attest service without being affected by influences that compromise professional judgment, thereby allowing an individual to act with integrity and exercise objectivity and professional skepticism.
- Independence in appearance is the avoidance of circumstances that would cause a reasonable and informed third party, who has knowledge of all relevant information, including safeguards applied, to reasonably conclude that the integrity, objectivity, or professional skepticism of a firm or member of the attest engagement team is compromised.
This definition should not be interpreted as an absolute. For example, the phrase “without being affected by influences that compromise professional judgment” is not intended to convey that one must be free of all influences that might compromise objective judgment. Instead, one must determine whether such influences, if present, create a threat that is not at an acceptable level that one would not act with integrity and exercise objectivity and professional skepticism in the conduct of a particular engagement or would be perceived as not being able to do so by a reasonable and informed third party with knowledge of all relevant information. This definition reflects the long-standing integrity requirement that when/where independence is required, one be independent both in fact (that is, of mind) and in appearance.
Given the very wide breadth of Mr. Trump's business ventures (global and across multiple industries) and the very closely held nature of his company, it's hard to imagine how he could achieve achieve independence from it and without conflict of interest conduct affairs of state, be they foreign or domestic in nature. As President, he's certainly not going to stop talking with his wife and children, the other owners of Trump Organization, and he's certainly not going to forget what specific ventures the business engaged in or had "in the hopper" at the time he might assume the Presidency. And whether you like the prospect of his becoming Preside or don't welcome that potentiality's coming to be, nobody can deny the man's character is first and foremost "all about" one thing: Donald Trump's winning.
Just as a simple example....If Mr. Trump as President had to spend a night in NYC, do you think he and his entourage would
stay at a Trump property or a competitor's property? That's just a very straightforward example, there are plenty that are far less direct, far more complicated, and far less readily identified. The key thing in my mind is that Mr. Trump has shown by his past and current dealings that winning is more important to him than is "doing the right thing." That's just not a quality I want in a President, or any public official for that matter. At the very least, seeing as I know everyone has that trait to some degree, I don't want a President in whom that trait appears to predominate and drive his decision making.