Hunter Biden is feeling the heat from all the scrutiny around his business dealings and is stepping down from one controversial board seat.
But it is too little too late. The damage has been done. Say what you will about Joe Biden and his brother and Hunter cashing in – it all legal and that is the problem.
Hunter just announced he will step down from the board of a Chinese-backed private equity company that came under scrutiny and further, promised to not do any work with foreign companies is Joe is elected.
This is a huge move and shows you again how bad at politics the Democrats are – the Trump kids, especially Jared and Ivanka, have some foreign dealings, all legal, and I can guarantee you they would never let outrage from one side dictate what they do.
The Democrats? Fold like cheap suits at the first whiff of a problem. Look, the damage has been done, Trump’s goal was not to prosecute Biden but to make darn sure every American knew these relationships with shady and by stepping down, Biden proved that, at least they look shady, which is the entire ball game in politics.
According to a statement released on his behalf by his lawyer George Mesires, Biden said he’ll resign at the end of the month from the management company of a private equity fund that’s backed by Chinese state-owned entities. He also pledged that he wouldn’t work for any foreign-owned companies or serve on their boards during a potential Biden administration. He reiterated that he never discussed his business activities with his father.
“Hunter always understood that his father would be guided, entirely and unequivocally, by established U.S. policy, regardless of its effects on Hunter’s professional interests,” the statement said. “He never anticipated the barrage of false charges against both him and his father by the President of the United States.”
Trump and his personal lawyer Rudy Giuliani have repeatedly claimed, without providing evidence, that Hunter Biden made millions of dollars from China while his father was vice president. They’ve also made unsubstantiated claims that Joe Biden used his position as the U.S. administration’s point person on Ukraine to help quash an investigation in 2016 into the owner of one of the country’s largest private gas companies where Hunter sat on the board.
Earlier this month, Trump publicly called on China to investigate the Bidens. A spokesman for China’s foreign ministry rejected that notion, saying it wouldn’t interfere in the internal affairs of other countries.
“Under a Biden Administration, Hunter will readily comply with any and all guidelines or standards a President Biden may issue to address purported conflicts of interest, or the appearance of such conflicts, including any restrictions related to overseas business interests,” the statement said. “He will continue to keep his father personally uninvolved in his business affairs.”