MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: BamaD quote:
ORIGINAL: WhoreMods quote:
ORIGINAL: RottenJohnny Trump: Obnoxious loudmouth, successful businessman, knows how to do his job. We can agree on the first third of that, at least, but the "successful businessman" has been bankrupt several times and wouldn't be in business (successfully or otherwise) at all without the financial leg up his father game him at the start of his career. Even if you're willing to give him the benefit of the doubt over his skills as a businessman, the only political skill he's displayed over the length of both his business career and the current election campaign is a knack for lying through his teeth. This is definitely an asset for a politician, but he's not very good at it at all, which doesn't bode well. Actually several companies he has owned have gone bankrupt, he hasn't. Since he was a major stockholder in the company his name was on the paperwork. Not the same thing at all. While in this link and according to everything I know about Trump, not only has none of his business deals ever gone public (or privately) and thus were never stock corporations. (none of his businesses ever made the kind of money and for any time, that were anywhere near enough for any investment bank to underwrite such an attempt) However as for Trump's personal fortunes, everything he did...turned to shit and thus: Despite the outward signs of success, Trump’s personal finances were a disaster. In 1978, the year his father set up that sweet credit line at Chase, Donald’s tax returns showed personal losses of $406,386, $1.5 million in present-day dollars. Things grew worse in 1979, when he reported an income of negative $3.4 million, $11.2 million in constant dollars. All of this traced back to big losses in three real estate partnerships and interest he owed Chase. With Trump sucking wind and rapidly drawing down his line of credit, he turned again to Daddy, who in 1980 agreed to lend him $7.5 million. All of these names and numbers can grow confusing for voters with little exposure to the business world. So to sum it all up, Trump is rich because he was born rich—and without his father repeatedly bailing him out, he would have likely filed for personal bankruptcy before he was 35. HERE
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great Under capitalism, man exploits man. Under communism, it's just the opposite. J K Galbraith
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