Today, President Trump’s term ended. He boarded Air Force One for the trip to his home on the island of Palm Beach. During his farewell speech to supporters at Joint Base Andrews, the former president revisited his accomplishments in office and predicted the economy will surge if taxes and regulations are not reimposed. He wished the incoming Biden administration good luck. But Trump also hinted that he may remain in politics saying, “We will be back in some form.”
This desire to remain in politics or in a position to shape political events may have also been signaled by rescinding a pledge his aides and staff had taken to not engage in lobbying activities for five years after leaving the administration. If Trump means to have a voice in politics that would include former staffers and officials being able to register and lobby members of Congress and the government.
This leaves open for speculation what Trump might do now. Here are some of his options.
He may decide to focus on restoring the Trump Organization. Contrary to claims that President Trump’s businesses made millions or billions during his tenure in the Oval Office, Bloomberg, USAToday, Business Insider, and other news outlets all report that he suffered many millions in losses while president. The Washington Post reported that the Trump Organization has shuttered 17 properties and laid off at least 1,500 workers around the world. The value of the company, which is privately held, may have fallen as much as 37 percent by estimates gauged against the stock price decline of similar companies that are publicly traded.