American oligarchs The Kushners, the Trumps, and the marriage of money and power

Andrea Bernstein, 1961-

Book - 2020

A multigenerational saga of two families, who rose from immigrant roots to the pinnacle of wealth and power, that tracks the unraveling of American democracy. In American Oligarchs, award-winning investigative journalist Andrea Bernstein tells the story of the Trump and Kushner families like never before. Their journey to the White House is a story of survival and loss, crime and betrayal, that stretches from the Klondike Gold Rush, through Nazi-occupied Poland and across the American Century, to our new gilded age. In building and maintaining their dynastic wealth, these families came to embody the rising nationalism and inequality that has pushed the United States to the brink of oligarchy. Building on her landmark reporting for the accla...imed podcast Trump, Inc. and The New Yorker, Bernstein's painstaking detective work brings to light new information about the families' arrival as immigrants to America, their paths to success, and the business and personal lives of the president and his closest family members. Bernstein traces how the two families ruthlessly harnessed New York and New Jersey machine politics to gain valuable tax breaks and grew rich on federal programs that bolstered the middle class. She shows how the Trump Organization, denied credit by American banks, turned to shady international capital. She reveals astonishing new details about Charles Kushner's attempts to ensnare his brother-in-law with a prostitute and explores how Jared Kushner and his father used a venerable New York newspaper to bolster their business empire. Drawing on more than two hundred interviews and more than one hundred thousand pages of documents, many previously unseen or long forgotten, Bernstein shows how the Trumps and the Kushners repeatedly broke rules and then leveraged secrecy, intimidation, and prosecutorial and judicial power to avoid legal consequences. The result is a compelling narrative that details how the Trump and Kushner dynasties encouraged and profited from a system of corruption, dark money, and influence trading, and that reveals the historical turning points and decisions--on taxation, regulation, white-collar crime, and campaign finance laws--that have brought us to where we are today.

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Subjects
Genres
Biographies
Published
New York, NY : W.W. Norton & Company [2020]
Language
English
Main Author
Andrea Bernstein, 1961- (author)
Edition
First edition
Physical Description
484 pages ; 25 cm
Bibliography
Includes bibliographical references (pages [425]-468) and index.
ISBN
9781324001874
  • Prologue The Wedding
  • Introduction
  • Act I.
  • 1. The Escape
  • 2. The American Dream
  • 3. Land of Opportunity
  • Act II.
  • 4. The Fall of New York
  • 5. The Business of Donald Trump
  • 6. The Gamble
  • 7. The Don of Suburbia
  • 8. Icarus
  • Act III.
  • 9. "A Bridge to the Future"
  • 10. Escape from New Jersey
  • 11. Entrée
  • 12. A Flood of Money
  • 13. The Initiation
  • Act IV.
  • 14. "To Spend Without Limit"
  • 15. License
  • 16. Other People's Money
  • 17. The Merger
  • Act V.
  • 18. The Infomercial
  • 19. Big Caviar
  • 20. Dirt
  • 21. Trump, Inc.
  • 22. "A Terrible Situation"
  • 23. American Oligarchy
  • 24. Justice
  • Epilogue
  • Acknowledgments
  • Note on Sources
  • Notes
  • Index
Review by Choice Review

An acclaimed journalist, Bernstein is not the first author seeking to untangle and spotlight Donald Trump's business dealings, but she has found a new point of entry by focusing on the Trump and Kushner families as extreme examples of playing the system to their material advantage. In this sprawling, muckraking book, Bernstein walks readers through the two families' origin stories in the US, highlighting their nefarious tactics. She demonstrates that frivolous lawsuits, campaign contributions, and more direct incentives to persuade government officials to bend rules to their designs was standard practice from one generation to the next, as was stiffing contractors and even their own attorneys. In the White House, Jared Kushner has sought, often successfully, to circumvent traditional lines of authority by exploiting his son-in-law status. Donald Trump's modus operandi as a hyperbolic salesman, master of the campaign donation, and political "disrupter" is already well known, though the sheer volume of questionable deals and outright lying as recounted here is dizzying. This well-researched book cannot be the last word on the nexus of money and power in Trump's world, but no previous book has covered the ground so comprehensively. Summing Up: Highly recommended. General readers. --Michael J. Birkner, Gettysburg College

Copyright American Library Association, used with permission.
Review by Publisher's Weekly Review

Investigative journalist Bernstein debuts with a fine-grained dual biography chronicling the parallel trajectories of the Kushner and Trump families and the concurrent social and political trends that made their rise to power possible. Opening with Jared Kushner and Ivanka Trump's 2009 wedding ("the joining of two famous real estate dynasties, each braided into the worlds of politics and media and celebrity"), Bernstein then meticulously details the families' American arrivals, documenting the harrowing escape Jared's grandparents made from Poland during the Holocaust, and Ivanka's great-grandfather Friedrich Trump's 1885 journey from Germany to the Canadian Yukon, where his restaurant and brothel became "the origin of the Trump family fortune: selling food, liquor, and sex." Both families entered into the property development industries, took advantage of New Deal--era legislation to build vast real estate empires, exploited (and perhaps violated) tax laws and urban renewal programs, and aggressively bought political influence. In the book's most riveting sections, Bernstein details how Jared's father, Charlie, went to prison for breaking campaign finance laws and hiring a prostitute to blackmail his brother-in-law. Bernstein occasionally tips over the line between snark and sincerity (particularly when it comes to Jared Kushner's elocution), but by and large she delivers a tough yet fair-minded analysis of how both families embody the dangers wealth and influence pose to American democracy. Progressives will be equal parts horrified and fascinated by this rigorous account. (Jan.)

(c) Copyright PWxyz, LLC. All rights reserved
Review by Library Journal Review

Journalist Bernstein explores the origins and inner workings of the Kushner and Trump family businesses. Beginning with the Kushner family's dramatic escape during the Holocaust and immigration to New York, Bernstein charts the rise of their real estate empire. At the same time, she explores the beginnings of the Trump family's business and shows how both families benefited from taxpayer money to build their livelihoods. Later chapters delve into shady business dealings by both families, and their desire to enrich themselves at the expense of others, which Bernstein argues they have continued to do while serving in public office. Finally, Bernstein shows the corruption and conflicts of interest in the Trump administration, and briefly summarizes legal efforts to curb the crimes. Many of the stories in the book were previously reported on Bernstein's podcast Trump Inc. VERDICT A well-reported summary of scandals and corruption surrounding the Trump and Kushner family businesses that may already be familiar to fans of Trump Inc. Still, Bernstein gives a clear analysis of complex topics, making this a solid read for all interested in politics.--Rebekah Kati, Univ. of North Carolina, Chapel Hill

(c) Copyright Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
Review by Kirkus Book Review

A wide-ranging expos of "the crashing of norms and laws and the mixing of family and business that is the Trump administration."Unlike many other mainstream journalists, Peabody-winning Trump, Inc. podcast host Bernstein, who has been digging into the Trump and Kushner family businesses for years, never hesitates to label Donald Trump a liar, a perjurer, and a felon who has escaped imprisonment for his numerous business crimes. (The author pays little attention to the multiple accusations against Trump as a serial sexual assaulter, which have been reported in depth elsewhere.) Bernstein documents how much of her scathing critique of the current president also applies to Trump's father, his two adult sons, and his daughter, Ivanka, who linked the Trumps to the Kushner clan through her 2009 marriage to Jared Kushner. According to Bernstein's carefully documented research, Jared has morphed from a mostly upright, nonpolitical New Jersey real estate developer into a right-wing tyrant and congenital liar. Already well known before this book was the criminal conviction of Jared Kushner's father for business fraud, but Bernstein provides useful added detail regarding the Kushners' many misdeeds. She also sticks to the facts and avoids partisan politics: After all, for most of their lives, members of the Trump and Kushner clans identified more as Democrats than Republicans, though they gave campaign contributions to politicians of all ideologies while trying to buy influence that would benefit their real estate empires. Of all the characters Bernstein exposes in this necessarily hard-hitting book, Ivanka is the only one who comes across as willing to rise to power through honest work rather than just her family name. The author, who conducted hundreds of interviews and read more than 100,000 documents to create this damning portrait of two clearly unscrupulous families, credits investigative journalists before her, especially Wayne Barrett, whose 1992 Trump biography exposed his decades of nefarious business and personal dealings.A painstaking documentation of a relentless culture of corruption. Copyright Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.