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While there's no chance Trump will win the nomination (Bush remains the solid favorite), this almost guarantees that Trump will continue crapping all over the GOP until at least February!
I admit to being slightly torn. The fact that a court jester who is obviously in this for the adulation has so many followers who are gullible enough to think he believes much of what he says is a sad testament to the state of the electorate (or, at least to the xenophobic nativist subset of said electorate). On the other hand, it's both high comedy as well as a months-long Republican train-wreck that is, I concede, highly entertaining to watch unfold...
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Business mogul Donald Trump claimed a personal net worth of over $10 billion after filing a personal financial disclosure form with the Federal Election Commission, a key procedural hurdle for his presidential campaign.
The filing clears the way for Trump to appear on the first GOP debate stage on Aug. 6 in Cleveland, and comes as he has risen to the top of polls of Republican voters. Trump reported earning more than $362 million in 2014, according to his campaign — dwarfing the rest of the GOP field’s net worth by a significant margin.
In typical Trump fashion, the campaign released a statement full of braggadocio to commemorate the occasion.
“This report was not designed for a man of Mr. Trump’s massive wealth,” his campaign said “For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked. As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is “$50,000,000 or more.”
Could it be that Trump knows he won't win but wants to wake up people. I like what he's doing
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“This report was not designed for a man of Mr. Trump’s massive wealth,” his campaign said “For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked. As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is “$50,000,000 or more.”
Yes, wake up people . . . to his purported wealth.
In the next few days, I fully expect Mr. Trump's campaign to tweet, "This condom was not designed for a man of Mr. Trump's massive length and girth. Where do you buy a Magnum in AZ?"
While there's no chance Trump will win the nomination...
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Originally Posted by TheWiseWino
I wouldn't put money on that.
I wouldn't either, but only because I don't waste my time on wagers.
We've seen this film before, even if not all of us recognize it. Remember, Trump led the polls for the Republican briefly in early 2011. And there was Herman Cain. But in the modern era, major parties nominate incumbent Presidents, or Vice Presidents, or Governors/Senators. That's it - they do not nominate businessmen. The party faithful who trudge out to vote in a caucus or primary in an Iowa or New Hampshire winter are not going to vote for anyone but a retail politician. Trump has a very loud, very angry set of rabid followers - and a very low ceiling.
The nomination? He won't win so much as a single caucus or primary.
Location: 23.7 million to 162 million miles North of Venus
23,543 posts, read 12,517,887 times
Reputation: 10463
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Originally Posted by Rescue3
(Ahem...) Mr. Trump has a propensity to overstate.
Over 500 business, of which he purportedly owns 91% outright?
That's almost as unbelievable as a guy who has declared bankruptcy what, five times? is now worth $10 billion.
Great entertainment. Little else.
He didn't file personal BK 4 times, he never filed personal BK, his corporation filed 4 Chapter 11 BK's. Also, he [his corporation] didn't file BK and walk away free of the debt. All of the BK's were Chapter 11's.
1991--Trump Taj Mahal.
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The Bankruptcy court allowed Trump to reorganize his corporate debts and allowed the casino to keep operating. Trump did surrender half of his ownership interests in the Taj Mahal. He chose to sell his yacht and airplane to help make loan payments
1992--Trump Plaza Hotel
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As part of the restructuring, Trump gave Citibank a 49% interest in the hotel. He was given a lenient repayment plan. Trump was able to stay on as CEO but he had to give up his salary.
2004--Trump Hotels and Casino Resorts
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Trump reduced his share in the company to 25% thereby surrendering his control of the corporation. The corporation received lower interest rates and another loan to upgrade the properties.
2009--Trump Entertainment Resorts
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filed bankruptcy after missing a large bond interest payment. Trump was not able to agree with his board of directors on a repayment plan so he resigned as chairman of the board and retained only a 10% ownership interest in the corporation.
Bush is solid? Last poll I saw today had trump beating bush 17-14.
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