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Celerity

(51,465 posts)
Fri Apr 15, 2022, 07:33 AM Apr 2022

Kushner's Saudi deal must be scrutinized to protect U.S. democracy [View all]

https://www.washingtonpost.com/opinions/2022/04/14/saudi-arabia-kushner-deal-protect-us-democracy/



The Saudi Arabia business managers knew the deal didn’t make sense, but Crown Prince Mohammed bin Salman approved it, perhaps knowing that what he was buying couldn’t be measured as a simple dollars-and-cents return on investments. That’s how Saudi Arabia ended up giving $2 billion to Jared Kushner, son-in-law of the former president who served as a senior adviser to Donald Trump in the White House. The deal has raised alarms for the obvious corruption in reflects — but the implications could be even more consequential.

Managers of the Saudi Public Investment Fund objected to the investment, citing “the inexperience of the Affinity Fund management” — the firm was founded just last year by Kushner — and other risk factors. But MBS was quick to overrule their objections and ordered the transfer.

For MBS, Kushner represents another powerful domestic proxy to interfere in American politics. The crown prince has not forgiven President Biden for speaking ill of him during the campaign and now he is out for blood. MBS has picked a side and has carefully cultivated ties with Republican leaders and former Trump officials.



MBS expects a substantial return for the billions he is showering on Republican figures. Of course, Saudi interference in U.S. elections is not new. Donations made by foreign agents hired to act on behalf of Saudi interests exceeded $1.6 million in the 2018 election cycle, according to an analysis by the Center for Responsive Politics.

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