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Old 02-15-2016, 06:32 PM
 
11,758 posts, read 5,546,891 times
Reputation: 7964

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Quote:
Originally Posted by Hellion1999 View Post
if I have over 100 businesses and investments in my career and only 4 had to declared bankruptcy to negotiate the debt with the banks and re-organize the business then that's an excellent record.



In baseball if I have 100 hits and only 4 strikeouts, I say that's pretty good but you want to judge Trump's career by just his 4 strikeouts....come on, I think you know better than that.


but unlike politicians in government, they can't declare bankruptcy and re-organize the government. They just keep raising taxes and adding to the debt by borrowing money and leaving the mess to the next administration like Jeb Bush, his brother, Hillary and Bernie....and Cruz and Rubio who are part of government.
No, his fans are assuming that all 100 businesses are the same in terms of revenues, assets, profits and losses, etc. The fact of the matter is most of those companies are mere holding, shell, subsidiary or service companies within the Trump Organization. For liability protection and other legal reasons, they form separate companies for each venture pretty much (as they should). So, a lot of non-operating companies.

On the other hand, the four bankruptcies involved his crown jewels: Taj Mahal, Trump Plaza Hotel, Trump Hotel and Resorts, and Trump Entertainment Resorts. Those involved billions of dollars in debt, and Mr. Trump lost the vast majority of his equity interest in those companies (as is the case in most Chapter 11 cases).

For the last few decades, he has been simply licensing his name without taking any risk (very smart), so the subsidiaries associated with the licensing deals are not going to go bankrupt since they are just collecting royalties.

I think Mr. Trump is a very successful businessman, but let's not pretend that he has a .960 batting average.

Mick
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Old 02-16-2016, 11:58 PM
 
619 posts, read 207,993 times
Reputation: 1345
Quote:
Originally Posted by Wayland Woman View Post
Making deals in business where Trump is essentially a dictator doesn't necessary translate to being able to run a country where he won't be pulling all the strings and isn't in control of all the balls in the air.
Do you know ANYTHING about Obama?
Glass houses liberals, glass houses.
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Old 02-17-2016, 12:07 AM
 
3,904 posts, read 1,729,214 times
Reputation: 1085
Quote:
Originally Posted by MTQ3000 View Post
No, his fans are assuming that all 100 businesses are the same in terms of revenues, assets, profits and losses, etc. The fact of the matter is most of those companies are mere holding, shell, subsidiary or service companies within the Trump Organization. For liability protection and other legal reasons, they form separate companies for each venture pretty much (as they should). So, a lot of non-operating companies.

On the other hand, the four bankruptcies involved his crown jewels: Taj Mahal, Trump Plaza Hotel, Trump Hotel and Resorts, and Trump Entertainment Resorts. Those involved billions of dollars in debt, and Mr. Trump lost the vast majority of his equity interest in those companies (as is the case in most Chapter 11 cases).

For the last few decades, he has been simply licensing his name without taking any risk (very smart), so the subsidiaries associated with the licensing deals are not going to go bankrupt since they are just collecting royalties.

I think Mr. Trump is a very successful businessman, but let's not pretend that he has a .960 batting average.

Mick
Exactly. Here are the details on his bankruptcies and lies about them


Donald Trump
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Old 02-17-2016, 01:32 AM
 
244 posts, read 126,673 times
Reputation: 241
Its really sicking that people have the nerves to attack Trump supporters as if their vote matters more. People are feed up with the same old washington elites who every 4 years claim to care. Obamacare was a massive failure and yet the Rhinos still managed to allow it to become law while in control of the House. These same people are now trying everything in the book to take down trump. I wish they had applied this sort of effort when it came to Obamacare. The folks are out with their picth forks only its in the form of Donald Trump.

Are there some racial elements to Trumps supporters... YES white working class america feels they are under siege and the people in DC have sold them out which is true they have. Did anybody honestly think they were going to not do down without a fight?
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Old 02-17-2016, 03:10 AM
 
Location: down south
514 posts, read 1,435,023 times
Reputation: 650
I don't support Trump. But I believe the establishment need to be taught a lesson.

The way the country has been run over the past 20 years, it's high time for a major ideology revamp of both political parties, make no mistake, liberal interventionists and neocons are one and the same, hence Clinton's vote for Iraq war and her subsequent push for bombing Libya, both are, by any objective or even subjective standards, unmitigated strategic disasters. (only lunatics and purely self-serving liars like neocons and Hillary would continue to lie through their collective arse to still call them merely "mistakes") The whole country has been brainwashed so thoroughly that the populace has lost the ability to evaluate their own personal interest and vote accordingly. They've been manipulated into endless bickering about, frankly speaking, over the long run, trivial social issues while giving free pass to "establishment" of both parties to essentially do whatever they want without consequences (the same thing happened to corporate America where accountability has been completely destroyed with CEOs being awarded tens of millions of dollars AFTER they have been FIRED for running the company to the ground and destroying shareholder wealth).

Time is ripe for a political revolution, kudos to Trump, Cruz and Sanders, they are crazy, nasty and hopelessly out of touch with reality, but the establishment must be confronted and put into its proper place. And only crazies, nasties and idealists can accomplish that. Demagogue? Who cares? As if those criminals who caused the 08 crash and war in Iraq were any better, if they got a pass, why couldn't these three get a chance?
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