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Trump Is A Business "Genius"?

Discussion in 'Business & Economics' started by Old_Trapper70, Oct 6, 2016.

  1. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    Another lie by the Trump:

    http://www.usnews.com/news/articles...floated-millions-in-early-financial-struggles

    "Trump and his supporters have described the Republican nominee's ability to claw out of the massive hole as evidence of his "genius" as a businessman. But on Wednesday, Newsweek reported on documents revealing Trump's father repeatedly gave him a financial hand up when he got into trouble.
    Newsweek's Kurt Eichenwald reported on files compiled in 1980 and 1981 by the New Jersey Department of Law and Public Safety's Division of Gaming Enforcement, as Trump was exploring opening his first casinos. According to Eichenwald, Trump's father, Fred Trump, personally guaranteed a construction loan in order to finance the redevelopment of the Commodore Hotel in midtown Manhattan – a project that's success was instrumental in launching Trump's real estate ventures. He also arranged for his son to get a $35 million personal line of credit – an amount that was adjusted upward when Trump exceeded the limit.

    A document obtained by Newsweek showed Trump incurred personal losses of $406,379 in 1978, as multiple Trump-owned rental properties across New York failed to break even, several business partnerships lost money and the interest on the Chase Manhattan credit line began to pile up. And in 1979, he lost $3.4 million. He paid no federal taxes in either year.

    Without the cash in his bank accounts, Eichenwald reports, Trump's father arranged loans when banks refused, securing a total of $7.5 million for his son in addition to a nearly $1 million loan from one of the family's companies. The Newsweek report notes that the loans were not required to be paid within a fixed time period and that Trump was not responsible for interest."
     
  2. rz3300

    rz3300 Member

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    I am not really sure what to believe anymore when I things about Trump and his business. I feel like no matter what your side is you can point to certain things that he has done and say "look", but that does not really get us anywhere. I am not sure, but it should be interesting to see how much more we will learn.
     
  3. dogtowner

    dogtowner Moderator Staff Member

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    If he made a buck from one property he's done more than his opponent. Don't forget, Bill is the the brains of the outfit. You can't fake Rhodes scholar.
     
  4. Old_Trapper70

    Old_Trapper70 Well-Known Member

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  5. dogtowner

    dogtowner Moderator Staff Member

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  6. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    Quit while you are behind already. Hillary has proven she is far smarter then Bill if you had the intellect to be able to figure it out. Bill was the "stepping stone" to where Hillary wanted to go otherwise she would have divorced his sorry ass long ago.
     
  7. Alexia

    Alexia Member

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    I've never been that interested in his businesses, but I have heard of him trying not to pay people. Don't forget he came from money, so in some respects he always knew he could fall back on that if things went wrong.

    I think he has been shrewd, that doesn't mean to say he is a genius, but when he was making his money there wasn't as much competition, and back then there was no internet (or limited) and if it was now, would be have been as successful?
     
  8. grumpy

    grumpy Active Member

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    I'm new here, but how do you know Hillary would have left Bill long ago? Seems like you just like to argue.. My guess is they both are pretty smart, But Bill is the communicator..
     
  9. dogtowner

    dogtowner Moderator Staff Member

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    Yup.
    Bill is obviously the better leader but it's apparantly to me is far smarter.
     
  10. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    Being the "communicator" does not make you the smarter one. If they had divorced where do you think Hillary would be now?
     
  11. grumpy

    grumpy Active Member

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    If in fact she's as smart as you seem to think she is.. she would not have had Bills baggage when she was trying to beat Barrack Obama.. So she would be leaving the office of President this year..
     
  12. dogtowner

    dogtowner Moderator Staff Member

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    She tried to salvage her free fall by saying it was two for one (bubba being the 2nd). It helped but not enough. Hope n change had produced enough smoke to blind the masses.
    Without bubba she's Cindy Sheehan the ditch witch.
     
  13. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    I don't think Billies "baggage" hurt her. Obama was just too good, and the country had to prove it was not racist.
     
  14. Old_Trapper70

    Old_Trapper70 Well-Known Member

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  15. dogtowner

    dogtowner Moderator Staff Member

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