Apr 9, 2020 by

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Gary Bauer

4.8.20 – Campaign for Working Families – Gary Bauer’s Newsletter

“Usual Lies from Media: Trump Trying To Get Rich from Hydroxychloroquine”

Excerpts from this newsletter:

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… 
Here are the facts:

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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