The Foreign Emoluments Clause in the US Constitution prohibits presidents from accepting gifts or financial benefits from foreign governments, and historical examples like Jimmy Carter's blind trust for his peanut farm demonstrate how presidents can avoid conflicts of interest by severing financial ties between personal business interests and official duties.
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Peanut farms vs. empires: Examining presidential ethics.
Added:What do you base that on?
>> The evidence. When have we ever had a president who has huge financial interests, hangs on to them, gains from them while regulating in that same area? Jimmy Carter had a peanut farm.
He put his peanut farm into a blind trust so that he severed the tie. There would be no question that he was making decisions about agriculture or farming or subsidies to benefit himself. Donald Trump is doing the opposite.
>> In the US Constitution, there's a section that prohibits elected officials from taking gifts or favors from foreign states without consent from Congress.
>> It's written right in the Constitution in the foreign emoluments clause. No cash benefits or goodies from foreign governments for an American president.
It's so important that it's the only ethics rule that the founders and the framers wrote into our Constitution itself. And yet he's getting these large sums into his businesses from foreign entities. That's not right.
>> Some people have suggested to us that corruption is an abuse of high office and that therefore the
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