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Old 01-14-2016, 08:50 AM
 
Location: North America
14,204 posts, read 12,281,720 times
Reputation: 5565

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The Dow goes up and down all the time. So far it's up over 230 points today.
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Old 01-14-2016, 08:53 AM
 
11,755 posts, read 7,117,231 times
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Quote:
Originally Posted by flamadiddle View Post
Because Trump turned $1 Million into $10 Billion so he has a clue on how to manage finances. The only thing Sanders knows how to do is spend, spend, spend, at the expense of taxpayers.
Well, first of all Mr. Trump's net worth is in dispute. He stated in FEC papers that he was worth $10 billion. But Forbes and Bloomberg say he's actually worth between $3 billion and $4 billion. There's a lot of fudging over the unrealized valuation of real estate and, more controversial, his brand.

$1 million in 1974 is about $3.84 million in today's dollars in a unsecured, interest-free loan from Daddy.

It is estimated that Mr. Trump inherited between $60 million and $75 million, assuming he received an equal share as his live siblings.

But more importantly, if we are going to use (self-made, yeah) wealth as a proxy for someone's ability to "manage finances" for the country, then the following people are way, way more qualified than Mr. Trump: Bill Gates, Jeff Bezos, Warren Buffet, Mark Zuckerberg, George Soros, Sergey Brin, and Michael Bloomberg. Wow, a lot of *******s there. Since y'all love to worship wealthy, success people, those folks are more qualified to be the POTUS by the same standards.

Ha.

Mick
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Old 01-14-2016, 08:54 AM
 
11,755 posts, read 7,117,231 times
Reputation: 8011
Quote:
Originally Posted by ~HecateWhisperCat~ View Post
The Dow goes up and down all the time. So far it's up over 230 points today.
Funny how the market operates normally when the Chinese market is not melting down.

Mick
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Old 01-14-2016, 08:54 AM
 
Location: North America
14,204 posts, read 12,281,720 times
Reputation: 5565
Quote:
Originally Posted by RiotAct41 View Post
Only when a Democrat stands to lose ground because of it
No, it's always the case. A company can be making a **** ton of money and suffer a stock decline. Look at Apple for example. Weak growth in China is the reason behind the latest decline, and in in a few days or weeks that will be countered by a good report somewhere else that causes it to go back up. It's the natural ebb and flow of the sock market. "It's the economy stupid?" Is only relevant when jobs are being lost.
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Old 01-14-2016, 08:55 AM
 
Location: East Lansing, MI
28,353 posts, read 16,381,866 times
Reputation: 10467
The only thing that would demonstrate is that the American public is unable to discern between someone who has been relatively successful as a real estate developer and someone who understands macroeconomics on a global scale.








The Donald is far from being some economics wunderkind, he isn't even the best RE mogul the country has to offer.
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Old 01-14-2016, 08:59 AM
 
Location: North America
14,204 posts, read 12,281,720 times
Reputation: 5565
Quote:
Originally Posted by MTQ3000 View Post
Well, first of all Mr. Trump's net worth is in dispute. He stated in FEC papers that he was worth $10 billion. But Forbes and Bloomberg say he's actually worth between $3 billion and $4 billion. There's a lot of fudging over the unrealized valuation of real estate and, more controversial, his brand.

$1 million in 1974 is about $3.84 million in today's dollars in a unsecured, interest-free loan from Daddy.

It is estimated that Mr. Trump inherited between $60 million and $75 million, assuming he received an equal share as his live siblings.

But more importantly, if we are going to use (self-made, yeah) wealth as a proxy for someone's ability to "manage finances" for the country, then the following people are way, way more qualified than Mr. Trump: Bill Gates, Jeff Bezos, Warren Buffet, Mark Zuckerberg, George Soros, Sergey Brin, and Michael Bloomberg. Wow, a lot of *******s there. Since y'all love to worship wealthy, success people, those folks are more qualified to be the POTUS by the same standards.

Ha.

Mick
His father was also wealthy and successful when he was getting started. I'm not saying that Donald Trump doesn't have a lot of ability, because not everyone can turn millions into billions. However, the right needs to stop acting like he is Warren Buffet. When your daddy is already wealthy you have a lot more opportunities available to you to make money than someone without that advantage.
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Old 01-14-2016, 08:59 AM
 
11,755 posts, read 7,117,231 times
Reputation: 8011
Quote:
Originally Posted by fisheye View Post
It isn't wishing for the disaster; it is watching those on the left destroy our Nation. Here, if you want some good reading; check out this link: All Employment Growth Since 2000 Went to Immigrants | Center for Immigration Studies. Or you can go to our Bureau of Labor Statics and plow through their data: Employment Situation Summary. Basically you will see that (from the jobs report) that US born citizens lost 320,000 jobs and at the same time foreign born immigrants gained 306,000 jobs. We are not playing with a fair deck here and that is what would continue to happen with all the other candidates than Trump.
So, I think you are saying that the end justifies the means. If a catastrophic disaster to our nation is necessary to bring about this change in our immigration policy, that is totally acceptable to you?

Even if Mr. Trump becomes the POTUS, he will butt heads with the RINO Congress that will want less draconian immigration policies, as we have seen (e.g., Nikki Haley's SOTU response speech). And of course, without 60 Republican votes in the Senate (not gonna happen), no immigration legislation can be passed without the help of the Democrats. So what is Mr. Trump going to do? Nothing . . . as we know, unlike lawless Obama, Mr. Trump would not dare issue Executive Orders to "fix" immigration. Right? So, status quo. Again.

Mick
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Old 01-14-2016, 09:02 AM
 
Location: East Lansing, MI
28,353 posts, read 16,381,866 times
Reputation: 10467
Quote:
Originally Posted by MTQ3000 View Post
Well, first of all Mr. Trump's net worth is in dispute. He stated in FEC papers that he was worth $10 billion. But Forbes and Bloomberg say he's actually worth between $3 billion and $4 billion. There's a lot of fudging over the unrealized valuation of real estate and, more controversial, his brand.

$1 million in 1974 is about $3.84 million in today's dollars in a unsecured, interest-free loan from Daddy.

It is estimated that Mr. Trump inherited between $60 million and $75 million, assuming he received an equal share as his live siblings.

But more importantly, if we are going to use (self-made, yeah) wealth as a proxy for someone's ability to "manage finances" for the country, then the following people are way, way more qualified than Mr. Trump: Bill Gates, Jeff Bezos, Warren Buffet, Mark Zuckerberg, George Soros, Sergey Brin, and Michael Bloomberg. Wow, a lot of *******s there. Since y'all love to worship wealthy, success people, those folks are more qualified to be the POTUS by the same standards.

Ha.

Mick
Not to mention that Mr. Trump would be worth SIGNIFICANTLY MORE (like $10B+ more) money today if he had simply "retired" in 1982 and parked his entire fortune at that time in an unmanaged index fund.


Trump Worth $10 Billion Less Than If He’d Simply Invested in Index Funds | Money Talks News




So, just how good is he with his money?
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Old 01-14-2016, 09:10 AM
 
11,755 posts, read 7,117,231 times
Reputation: 8011
Quote:
Originally Posted by ~HecateWhisperCat~ View Post
His father was also wealthy and successful when he was getting started. I'm not saying that Donald Trump doesn't have a lot of ability, because not everyone can turn millions into billions. However, the right needs to stop acting like he is Warren Buffet. When your daddy is already wealthy you have a lot more opportunities available to you to make money than someone without that advantage.
Yes, and furthermore, someone in Mr. Trump's situation benefits not just in a financial sense, but also with respect to top private school education throughout life, expensive tutoring, mentoring in the RE development business from Daddy and his subordinates, invaluable business connections/networking from Daddy (including preexisting relationships with customer, vendors, lenders, employees, etc.), the Trump name cultivated by Daddy, successful friends made because of the wealthy circles in which he ran, etc.

If he can't get into an Ivy League school from high school despite all those advantages, perhaps Mr. Trump is not an elite intellect as his supporters (and Mr. Trump) imply. He only attended UPenn Wharton for two years after transferring from a mediocre college in NYC in his junior year.

Finally, just think how little his "brand" would be worth if his last name was "Dombrowski" or "Smith." Another lucky break.

Mick
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Old 01-14-2016, 09:39 AM
 
2,055 posts, read 1,448,820 times
Reputation: 2106
Quote:
Originally Posted by legalsea View Post
I recall that in November 2008, after Obama won the election and the economy was failing, Rush Limbaugh opined that Obama was to blame.

The reasoning according to Rush: when Obama was nominated at the Democratic National Convention that previous June, the 'market' began to panic knowing that Obama would win the Presidency (which seems odd that Rush would claim, after the election, that everyone believed in June that it was a foregone conclusion that Obama would win over Senator McCain and Ms. Palin).

So! If we keep Rush's logic, since many now believe it inevitable that the Marchioness Trump will prevail this coming November, then that must mean that he is to blame for this downspin in the stock market.
Instead of using "Rush logic", why don't you focus on the WH moslem's logic ... it is/was all Bush's fault. As I see it ... the moslem really is the one to blame here. And as you point out, "Marchioness Trump" might indeed be the one to pull it out. Now, back to Rush ... referring to 2008 ... plenty of hindsight here. I too felt that the moslem would win ... because he was black and the white guilt trip was alive and well. Saying that in 2008 would make dim howling noise pollution of the first order. Looking at the blatant lies of the SOTU and the reality of our current economy makes your proposal rather passe'.

One man's opinion.

El Nox
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