Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The only thing Beto fans can do is compare Beto to someone they don't like.
That doesn't work. Beto will have to stand on his own two feet in order to make a successful run. Obama ran for President for years and years before he got the nomination. I'm not saying he announced; I'm saying he was running all along, just like Bill Clinton.
Jennifer Jennifer! You are showing your lack of financial and business knowledge.
Please - read this. Check it all for yourself also.
Trump inherited a total of 3-400 Million dollars. It may have been at the upper end, but to keep the math simply let's put it at "only" 300 Million. Are you with me?
He inherited this in the Mid---1970's.
Let's do some basic math. Let pretend Donald took that money in the late 70's and put it into T-Bills.
T-Bills paid approx 10% at the time - 30 year.
That would have made him worth 5.25 BILLION in 2010. In 2010 Trump was worth approx Zero.....less than a billion and probably well less than that. We know this because he sued a reporter who wrote a book about his net worth and Trump LOST the lawsuit.
Ok, so if he did nothing...and didn't rip off investors, contractors, the public, taxpayers, etc. he would have been worth 5.25 Billion in 2010 and about 10+ Billion today (considering lower-end stock returns from 2010 to today.
10 Billion.
Now, if he would have invested in the S&P Index fund in 1976 - 42 years ago, he'd have 16 BILLION dollars today - without lifting a finger and without ripping poor people off for Trump U, etc.
16 BILLION......
But let's pretend he was a smart investor and had decided to put his money with Warren Buffets Stock - Berkshire (my biggest investment currently). This is a very conservative investment as they own insurance companies, retail, manufacturing, railroads, etc.
If he invested with Buffet for 40 years he'd have 600 BILLION dollars and be, by far, the wealthiest person on Planet Earth.
600 BILLION.......
Instead, Trump is worth approx. 3 Billion dollars.
Now...you may not understand the financial world, but that's a horrible ROI (return on investment). Based on my rough calcs, that is a return of less than 6%.
You have to try to lose that much (potential) money over decades.
I mean- if you like the guys bullying ways that's one thing. But if we are going to use numbers and you are going to praise him for his money managing, you should do the math first.
I'm no pro but I've made 10% or more over the past 30 years. That's what most normal investors make.
Build a statue to the man if you like. But please don't hold him up as an example of astute money management. He hardly could have done worse.
Somebody just got a house dropped on them. No sign of any slippers.
So I haven't heard this guy speak, but his bio is pretty telling. Sounds like he grew up as a trust fund kid. Went off to boarding school. Got his DWI doing the frat thing. Trust funded it off his family living it up in NYC without getting a real job. Then, decided to do something like community organizing back in El Paso. Haven't we learned our lesson from similar characters in the past? How is this guy popular?
Well, it must be a recipe for success to grow up with a rich family, go to a good school, and never have a real job. Look how it worked out for Donald Trump !
How you could find anything to say about Beto, after knowing how your silver spoon, draft dodging, daddies little rich boy is the apple of your eye, is simply hypocrisy at it's finest. Trump has never done an honest days work in his life, and he has had everything handed to him on a silver platter.
The GOP is terrified of Beto, as Cruz was when he asked Trump (the guy who insulted him and his family) to come help him get votes.
O'Rourke did raise a lot of money not using PACs, his own money or any large corporate donors. Remind you of anyone? Sounds a lot like Obama's first campaign. Charismatic and popular over many age groups and demographics with a lot of people donating small amounts. That candidate does not come along every day. (The GOP knows this too).
Obama raised millions with the help of wall street, that is why he supported them throughout his presidency.
The GOP is terrified of Beto, as Cruz was when he asked Trump (the guy who insulted him and his family) to come help him get votes.
O'Rourke did raise a lot of money not using PACs, his own money or any large corporate donors. Remind you of anyone? Sounds a lot like Obama's first campaign. Charismatic and popular over many age groups and demographics with a lot of people donating small amounts. That candidate does not come along every day. (The GOP knows this too).
Yep, it's easy to see from the posts in this thread, they wouldn't bother going after him if they didn't perceive him as a threat.
Obama raised millions with the help of wall street, that is why he supported them throughout his presidency.
Beto would be no different.
Wall Street came into the game very late in the 3rd quarter. Obama had already shown his prowess when he filled Broncho Stadium in brick-red Boise Idaho in February. 20,000 donors in the stadium with another 12,500 in the parking lot because there was no more room for them.
All because a couple of college kids asked him if he would come to Boise. He said if they could find the place, he would. That was how he raised his money. That was how he built the Democratic small donor base and the data base his geeks used to such good effect.
Beto did it the hard way, by hitting the road and showing up in every little town in his district. Obama worked almost that hard, but he had the funds to fly, and could be more selective by a bit.
Did they both take some big donor money when it finally showed up? Sure. Any candidate is nuts who doesn't. Even the billionaire never turned down a donation in 2016, and these days, he's scratching hard for every big donor he can find.
It's gonna take several million dollars to make a run for the Presidency, no matter who the candidate is or how much money he may already have.
But depending on only the Big Donors is the easiest. The small donors, though, are now going to deliver the best chances of winning. A guy who has to dig deep to send his candidate $20 was proven to be the most reliable voter of them all in 2008, so both parties have been aiming straight at the small donors ever since.
Winning the Presidency is what it's all about, not the money. Losers get the leftover money. The winners leave it all on the road to the White House.
Wall Street came into the game very late in the 3rd quarter. Obama had already shown his prowess when he filled Broncho Stadium in brick-red Boise Idaho in February. 20,000 donors in the stadium with another 12,500 in the parking lot because there was no more room for them.
All because a couple of college kids asked him if he would come to Boise. He said if they could find the place, he would. That was how he raised his money. That was how he built the Democratic small donor base and the data base his geeks used to such good effect.
Beto did it the hard way, by hitting the road and showing up in every little town in his district. Obama worked almost that hard, but he had the funds to fly, and could be more selective by a bit.
Did they both take some big donor money when it finally showed up? Sure. Any candidate is nuts who doesn't. Even the billionaire never turned down a donation in 2016, and these days, he's scratching hard for every big donor he can find.
It's gonna take several million dollars to make a run for the Presidency, no matter who the candidate is or how much money he may already have.
But depending on only the Big Donors is the easiest. The small donors, though, are now going to deliver the best chances of winning. A guy who has to dig deep to send his candidate $20 was proven to be the most reliable voter of them all in 2008, so both parties have been aiming straight at the small donors ever since.
Winning the Presidency is what it's all about, not the money. Losers get the leftover money. The winners leave it all on the road to the White House.
That's nice, but you should ask why billionaire donors give to campaigns.
They know Obama and Beto will represent their interests even if they do 'hard work'.
Not hard to spell, but it's not his name - I believe it is "Robert Francis O'Rourke". Get it right for once.
As long is you still call Rafael "Ted", this argument doesnt work.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
No sign of any slippers. 
