CNBC Host Presses Don Jr. On Investments in Musk's SpaceX and More: People Wonder if This is Just Crony Capitalism'
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CNBC Host Presses Don Jr. On Investments in Musk's SpaceX and More: People Wonder if This is Just Crony Capitalism'
"Not at all. We stay totally out of that. We don't get involved in that. These are things that make sense for America. They're just, they're common sense investments. We don't have to call the government to invest in something that's beneficial to America. That's the entire ethos of what we've been doing. Don't forget, we were doing these things when it wasn't popular. We were doing these things under the prior Biden administration."
"EISEN: You've said a few times, you're not in the government; but obviously, your father is president and a lot of people see your investments in companies like SpaceX which is trying to get FAA contracts and approvals. You're in defense companies as well, and they wonder if this is just crony capitalism."
Donald Trump Jr. disputed claims that his investments present a conflict of interest with his father in the Oval Office. The Trump family has faced scrutiny over business dealings from the Trump Organization and allegations that the presidency has been leveraged to enrich family interests. Trump Jr. and his brothers have repeatedly refuted those allegations. He said the family stays out of government influence and that their investments are common-sense choices meant to benefit the United States, citing holdings like SpaceX and defense companies. He noted those investments predated current political popularity and were pursued even under the prior Biden administration.
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