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They're emulating their idol Trump who has been bankrupt multiple times. Too bad they don't have Deutsche Bank (via the Russians) to save them.
In the interest of accuracy, this ^^^ is not correct. Trump never filed for personal bankruptcy. It was his businesses that went bankrupt. He would borrow other people's money for his casinos and pay himself big management fees to run the whole thing, so when it went broke it wasn't his money. It's a well worn tactic in banking. Never use your own money. He is basically a con man, conning people out of their money.
In the greatest economy the world has ever known...why would personal bankruptcies be so high in all the states where new Manufacturing, Mining and other Jobs are "booming like never before"????
Why would TN have almost 500% more personal bankruptcies than MA and 300% more than NY and CA?
I guess there are two parts to this question/comment......
First, if things are so great (or so much better) for the "forgotten man and woman", this chart would not look like this. BUT, I've heard medical bankruptcies are WAY up and Trump is in court trying to add to the number (taking away coverage and caps, etc.).
Secondly, why is there such a big difference between some states? One can somewhat understand MI or WI where the Rust Belt never recovered, but TN? KY? OH?
Oh, speaking of OH, anyone see the movie (Netflix) "American Factory"? I think it answers some of this question. People have jobs making 1/2 or 1/3 of what they made before....working for a Chinese company!
It seems your title includes states that did not expand Medicaid.
Originally Posted by ilovelondon They're emulating their idol Trump who has been bankrupt multiple times. Too bad they don't have Deutsche Bank (via the Russians) to save them.
Quote:
Originally Posted by odanny
^ This.
Blind leading the blind.
~6 bankruptcies and is owner or part owner of 500+ businesses (trump).....
Lets do the math, shall we?
6/500 ='s 0.012%.....
So, blind leading the blind (which one of you 2 are leading?)?
my only issue with bankruptcy is that if you as a individual do it you are a looser, can't be trusted morally corrupt and are taught to be ashamed about it. But if you are a business it can be a great thing to do and its called reorganization. and no i have never filed or thought about filing for Bankruptcy.
I wish LFPR was improving, but its not, and food stamps are nowhere near record low, and neither is gas very cheap. You are being manipulated, as are millions of others who believe the endless repetition of "best economy in history of mankind".
“Repeat a lie often enough and it becomes the truthâ€
TN LFPR went from 59.5 in 2015 to 62.2 in 2019, Food stamp participation dropped more than 25%, the lowest its been since 2008, and gas is under 2$/gal.
Look at the leaders of these states. It's no surprise. There's some outliers but majority of these states are incompetent states with horrible government and economics.
Georgia and Tennessee both have solid economies & they earned the Highest State Bond ratings. AAA
Kentucky was highly dependent upon coal, and Obama killed the Coal industry. People are really hurting there as they struggle to re-tool and re-direct their economy.
I did mention in one post- that is most likely one part of the puzzle. To that I'd add the manufacturing jobs (paying less....if at all), the trucking losses, the farm losses and such things.
Other threads here are celebrating less people on food stamps....well, it doesn't take a lot of thinking to guess that SOME of those people would be led over the edge by the combo of medical bills, lack of money for food, etc.
~6 bankruptcies and is owner or part owner of 500+ businesses (trump).....
Lets do the math, shall we?
6/500 ='s 0.012%.....
So, blind leading the blind (which one of you 2 are leading?)?
C'mon, the basic math differs from that. It's what you had and what you have now over a lifetime...and, of course, whether you made it honestly and by improving the lives of people, etc.
Trump got 400+ Million from Daddys real estate and everything else. He turned it into about zero (by 2009) and then, with money from abroad and sketchy deals, may have turned it back to 2 Billion (if that).
If that 400 million were invested in the S&P it would be worth about 12+ Billion. If it would have been put into Berkshire Hathaway, it would be 90 Billion.
AND, as a bonus, billions would not have been lost by taxpayers, banks, investors and contractors, etc. along the way.
Really simple question. Which of the above is success? Do the math.
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