Trump's Success Stories.?

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_aussieguy55
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Trump's Success Stories.?

Post by _aussieguy55 »

1. Bought the Trump Plaza Hotel for 400 million. Repossessed by he bank.
https://www.snopes.com/news/2016/08/01/ ... kruptcies/
2. Bought his yacht for 29 million. Repossessed by he bank.
https://www.superyachtcontent.com/donal ... uperyacht/
3.Built 4 Casinos at a cost of 3 Billion. Filed for bankruptcy and went out of business. Stiffed contractors and employees.
https://www.washingtonpost.com/politics ... six-times/
4.Started Trump Airlines. Never made a profit.Planes and Helicopters - repossessed by Citibank
https://www.thedailybeast.com/the-crash-of-trump-air
5. Trump mortgage Trump Vodka and Trump steaks. - All went out of business.
http://time.com/4343030/donald-trump-failures/
Hilary Clinton " I won the places that represent two-thirds of America's GDP.I won in places are optimistic diverse, dynamic, moving forward"
_moksha
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Re: Trump's Success Stories.?

Post by _moksha »

Trump still has his golf resorts with the help of Russian laundered money. Mar-a-Lago has seen profits skyrocket since Trump's election. A good place to learn state secrets while in the dining room.
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_Some Schmo
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Re: Trump's Success Stories.?

Post by _Some Schmo »

The only success story I can think of was that he mostly survived the lobotomy.
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_Jersey Girl
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Re: Trump's Success Stories.?

Post by _Jersey Girl »

Much ado according to this:


We rated a similarly worded claim from Trump’s former primary rival Carly Fiorina Mostly True, because it’s not accurate to say Trump is solely to blame. (For the record, Trump doesn’t deny the charge and instead argues it was a smart business decision.) At the time, we found four bankruptcies, but since then, we’ve found two more for a total of six. So Clinton was right that Trump bankrupted companies four times, and she could have offered a higher count as well.


Whose fault is it anyways?

Experts told us during the primary season Trump alone didn’t cause the bankruptcies. While six in 25 years is a lot, five were tied to a struggling gaming industry.

Trump was acting, they said, as any investor would. Investors often own many non-integrated companies, which they fund by taking on debt, and some of them inevitably file for bankruptcy, Adam Levitin, a law professor at Georgetown University, previously told us.

He added that people typically wouldn’t personally blame former Republican presidential candidate Mitt Romney or investor Warren Buffett for individual failures within their investment companies, Bain Capital and Berkshire Hathaway, respectively.

"The only difference is that Trump puts his name on his companies, which means people associate them with him, but he's not at all the leader in the bankruptcy space," Levitin said.


https://www.politifact.com/truth-o-mete ... -bankrupt/
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_Gunnar
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Re: Trump's Success Stories.?

Post by _Gunnar »

Has anyone else seen this article about how Trump earned millions from his bankruptcies?

From the article:
But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.

It seems there is a whole industry of buying up businesses that are marginally profitable or having problems for the express purpose of accelerating their demise and profiting from their bankruptcy and liquidation, while destroying the livelihood of their employees. That seems like a very heartless way to do business, but, apparently legal. Should it be in a just world?
No precept or claim is more likely to be false than one that can only be supported by invoking the claim of Divine authority for it--no matter who or what claims such authority.

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