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I think that article is pulled from the past. He was forced by banks to sell that yacht a long time ago....and he certainly doesn't have it docked in AC, where all his Casinos folded.
"Trump bought his first “Trump Princess” in the 1980s from the Sultan of Brunei and then commissioned a second, larger “Trump Princess” from a from a Dutch-based shipyard, Amels, that ran into financial trouble. In 1991, Trump hit his own financial woes as his Taj Mahal casino floundered and he sold “Trump Princess” No. 1 to Saudi Arabia’s Prince Al-Waleed. According to the New York Times, a ‘Trump Princess’ yacht was among the assets taken by his creditor banks as part of a wider restructuring of debts on his casinos in 1992. In the same year, Trump was forced to sell a 49% stake in the Plaza Hotel to his creditor banks, in a deal that slashed the value of the book value of his holding from $830 million to around $130 million."
Which also brings us back to the question, "How can we trust someone with our economy who can't even make money owning a casino where everything is rigged in favor of the house?"
It’s about time we made stuff here in America again. Why do we want to be economically dependent on a rival regime? We’re so worried about Russia, when China is far more powerful.
As explained by someone else here, we use 2 to 4X as much energy per capita as many other countries - even many with better quality of life, longer life spans, universal health care and high wages.
As long as Americans (in some places) want to continue to do this, we will be at an economic disadvantage. Think of it as Bitcoin mining. Unless you can get electricity at super-low rates, you can't mine Bitcoins profitably. Neither can the American economy grow in a sustainable fashion without efficiency being at the core of it.
So, in a sense, the GOP has been fighting against growth for decades. Cheap fossil fuels are the worst possible scenario for a long term economy.
Or, if so disposed, look at any business. If business X makes a product using 1/2 the energy and resources of business Y, then X wins.
The same goes for consumers and the American economy in general. Our growth was fueled by fossil fuels and there is certainly nothing wrong with them. But now we know better and yet have failed to invest property (infrastructure, etc. etc.)....instead concentrating on how big of an SUV we can afford to drive.
Which also brings us back to the question, "How can we trust someone with our economy who can't even make money owning a casino where everything is rigged in favor of the house?"
Sad.
This is why Trump lost big in NJ and NY...places where his scams are better known.
Folks further away believed the con. There are always new horizons somewhere to Con.
Which also brings us back to the question, "How can we trust someone with our economy who can't even make money owning a casino where everything is rigged in favor of the house?"
As explained by someone else here, we use 2 to 4X as much energy per capita as many other countries - even many with better quality of life, longer life spans, universal health care and high wages.
As long as Americans (in some places) want to continue to do this, we will be at an economic disadvantage. Think of it as Bitcoin mining. Unless you can get electricity at super-low rates, you can't mine Bitcoins profitably. Neither can the American economy grow in a sustainable fashion without efficiency being at the core of it.
So, in a sense, the GOP has been fighting against growth for decades. Cheap fossil fuels are the worst possible scenario for a long term economy.
Or, if so disposed, look at any business. If business X makes a product using 1/2 the energy and resources of business Y, then X wins.
The same goes for consumers and the American economy in general. Our growth was fueled by fossil fuels and there is certainly nothing wrong with them. But now we know better and yet have failed to invest property (infrastructure, etc. etc.)....instead concentrating on how big of an SUV we can afford to drive.
China’s economy is utterly dependent on cheap fossil fuels, specifically coal. Their coal plants don’t even have pollution controls.
China’s economy is utterly dependent on cheap fossil fuels, specifically coal. Their coal plants don’t even have pollution controls.
China is currently converting a lot of its coal-fired manufacturing plants to natural gas, just like all other countries who want to modernize. When China completes its renovations, it will leave India as the sole nation using predominantly coal for energy.
I think that article is pulled from the past. He was forced by banks to sell that yacht a long time ago....and he certainly doesn't have it docked in AC, where all his Casinos folded.
"Trump bought his first “Trump Princess” in the 1980s from the Sultan of Brunei and then commissioned a second, larger “Trump Princess” from a from a Dutch-based shipyard, Amels, that ran into financial trouble. In 1991, Trump hit his own financial woes as his Taj Mahal casino floundered and he sold “Trump Princess” No. 1 to Saudi Arabia’s Prince Al-Waleed. According to the New York Times, a ‘Trump Princess’ yacht was among the assets taken by his creditor banks as part of a wider restructuring of debts on his casinos in 1992. In the same year, Trump was forced to sell a 49% stake in the Plaza Hotel to his creditor banks, in a deal that slashed the value of the book value of his holding from $830 million to around $130 million."
Thanks. I didn't really bother to determine whether Trump still has his yacht. I think your focus on that tends to suggest you miss my point...
If Trump still doesn't have his yacht, he is still somewhat immune from concern about the hazards Americans must face "swimming these waters," if you can understand the analogy in any case. Much like Trump doesn't fly economy regardless what planes he owns or doesn't own...
You can bet our aerospace industry and lots of Americans tied to it are awfully concerned about Trump spouting off about trade wars however. That's my point.
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