If you want to defend this dubious arrangement, your best move is to shrug and say that Americans knew what they were getting when they voted for him. And increasingly, that is the chief argument you hear in his defense. Not that a trust run by his family is ethical, not that it’ll stop special interests from funneling cash to Trump through legal means, but essentially that Americans don’t care anymore if the president is corrupt or not. I mean, the alternative last year was Hillary Clinton. We might as well let lobbyists start dropping off burlap bags filled with cash with dollar signs on the side on the White House doorstep.He has a good analysis of the weaknesses of this particular approach, which he still says is "better than nothing."
UPDATE: TNR isn't too impressed either, although I'm not sure I buy their argument that it makes things worse. Donating revenue to the Treasury may in some sense represent Trump 'merging his business and the Federal government,' but not more than donating any other foreign gift to the Treasury -- which is a standard practice for US officials receiving foreign gifts.