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The truth about Trump: two divorces, five children from three wives, multiple business bankruptcies, on the record for not paying contractors. His son has said the Trump enterprise "gets most of its loans" from Russian oligarchs after Western banks (understandably) refused to lend to him after his bankruptcies.The guy is a master con artist,and gaslighter. He inherited millions and lies that he only got a "small loan" from his father. He brags that he "got to see" teenage girls in a dressing room. And why is he so afraid to release his tax
returns?

And half the stuff he says is pure nonsense. From his speech yesterday:

"I told Prime Minister Abe — great guy. I said, “Listen, we have a massive deficit with Japan.” They send thousands and thousands — millions — of cars. We send them wheat. Wheat. That’s not a good deal. And they don’t even want our wheat. They do it because they want us to at least feel that we’re okay. You know, they do it to make us feel good."

So much wrong here. Japan makes most of its cars now in North America (see https://www.bizjournals.com/columbus/news/2016/06/01/japans-big-3-automakers-built-more-cars-in-u-s.html). Wheat is only a very small portion of U.S. exports to Japan. And why would they buy it "to make us feel good?"

This is only ONE example of his constant misunderstanding of economic and other issues. He also continues to wrongly mistakenly state that "China is paying" for U.S. tariffs. How can anyone respect someone like this?

I'll never understand why he's hoodwinked people so easily. I tried to stay out of this, but come on. Maybe find someone half-way mentally stable with a competent grasp of facts to primary the guy.

I know what you’re saying, Kathleen, but Republicans did come up with somebody who’s mentally stable and competent in 2012, and he (Romney) lost badly. Then in 2016 they came up with several credible alternatives to Trump in the primaries, but Trump bulldozed right over them. So I guess Trump is what people want. He’s not to my taste, but neither are the Kardashians, and they’re incredibly popular.

At least he’s kept us out of any new wars and accelerated the economy. The way I deal with his personal style, his tweets, his word salad commentary ... is to ignore all of it as much as possible. Most of the news I focus on is the weird stuff. Like, Jeffrey Epstein had a painting of Bill Clinton posing provocatively in a blue dress and high heels. Forget Trump. I want to know what that painting is all about! 😬

Here is a little blurb from the American Bankruptcy Institute: - AOD

“Chapter 11 is most often used by businesses filing for bankruptcy. Chapter 11 bankruptcy allows a financially struggling business to reorganize in order to keep going. A Chapter 11 filing can potentially enable a business owner to avoid liquidating the company. In fact, it can often be said that a Chapter 11 bankruptcy is in the best interests of the business and in no way a reflection of a poorly run company. PolitiFact took a look at all four of Trump’s Chapter 11 bankruptcies and determined that they were a result of business struggles largely beyond the billionaire-turned-presidential-candidate’s control.”

Holy crap, that painting of Bill in the blue dress...that Epstein was one weird, sick dude. I myself can't stop rubber-necking the whole sordid mess either. Probably half the country can't either.

AOD,sorry, multiple business bankruptcies is never a good thing. Usually, those in charge take their golden parachute and are never heard from again. I just wish his supporters would take a clearer-eyed look at him.

Kathleen,
What you comment may be true. How is your comment applicable to President Donald Trump and his presidency?

As you can see in the statement from the American Bankruptcy Institute I quoted above that “[I]t can often be said that a Chapter 11 bankruptcy is in the best interests of the business and in no way a reflection of a poorly run company.” [Emphasis added] Technically Donald Trump was more than an employee of his companies, he was the person who had borrowed and invested millions of dollars in those companies and therefore a “golden parachute” given to an employee and his or her disappearance “never heard from again” really is not applicable to Donald Trump in those business bankruptcies. As a small business owner myself I would expect to at least recover some of my investment in my business if it should ever go bankrupt just as Donald Trump did when he sold his businesses but probably in most business bankruptcies, that doesn’t happen.

I agree with the American Bankruptcy Institute that many “business struggles [are] largely beyond the [owner’s] control”. I know from experience that this is true. - AOD


I've read two biographies of Trump. Admittedly, both were biased against him, so what they say should be taken with a grain of salt. Even so, they seem to have been well researched.

They both agree that Trump's bankruptcies were the result of his own errors. He purchased a second casino in Atlantic City at a hugely inflated price, against the advice of his advisers, simply because he wanted to be the big man in AC gambling. He was told that he could never recoup the investment, and this turned out to be true. The new casino hemorrhaged money.

It didn't help that he was withdrawing profits from his other casino at a prodigious rate in order to purchase luxury items such as a yacht and a private jet. Basically, he was living large, without any care for the future. This house of cards came tumbling down, and he ended up having to declare multiple bankruptcies.

Later, he blamed the situation on a general downturn in the casino business, but in fact that downturn did not occur until a few years afterward. At the time his enterprises failed, the casino business in general was still going strong.

So I would say that it was his fault, and that his failure reflected his immaturity and hubris.

At the same time, he found a way back, which many people would not have been able to do. He figured out how to monetize his name and create a Trump brand that he could lease to golf courses, resorts, and even vodka, steaks, and the dubious Trump University.

Whether or not he's actually worth $10 billion (he probably isn't), he has certainly kept himself afloat and been able to live a lifestyle of great opulence (and tabloid tackiness). In many ways he's a typically American character – part entrepreneur, part huckster; street-smart, but not well-read; ego-driven and thin-skinned, yet charming and persuasive. Sinclair Lewis could have written a book about him.

Let's say I inherited 180,000 dollars in 1995 and invested it in a business. After borrowing an additional $500,000 from the bank I purchased some property and had a nice building built and opened a video store in 2000. I called it "My Favorite Videos".

I hired high school kids who wanted a part-time job at minimum wage of $7.00 per hour to run the store. The jobs required no skills or special knowledge as all that was required was to watch that customers did not steal any videos and to check videos out when the customer rented one. Those on the late shift had to put the returned videos back in stock, sweep the floors and make sure that everything was orderly for the next day.

Most of the employees were white because the town was mostly white, the store was located on the "good side" of town and most of the applicants were white. One person of color was hired but after a month on the job she told the manager that "nobody owns me." and refused to sweep the floor before closing. She quit soon after that claiming unemployment insurance. Eventually some employees became disgruntled because they weren't paid a "living wage" so reluctantly I increased their wages to $15.00 an hour in 2017.

At first business was good! The store made a profit during those first years as people rented many DVDs. So, eventually I borrowed more money and set up more stores in outlying towns and eventually across the state. We even sent DVDs in the mail to customers.

After ten years I was sitting pretty with many stores but deep in debt. I began to notice that the number of rentals was dropping off in all of my stores, Each year the rentals got less and less and eventually I didn't have enough money from rentals each month to pay on the loans, the utilities, property taxes, licenses and employee wages and benefits so I had to let all of the employees go and file for Chapter 11 bankruptcy. I was able to sell my house and all of the stores, pay off my debts but I had nothing left over as compensation for my investments of money, time and physical and mental effort over the past 20 years.

What did I do wrong? Tell me Kathleen, what did I do wrong? - AOD

"What did I do wrong?" Failure to anticipate market trends. Well before 2017, it was obvious that DVDs were on the way out, and video streaming was taking over. Instead of expanding into more DVD outlets, your hypothetical businessman should have scaled back his DVD operation and diversified into other areas.

Still, I understand the larger point that many bankruptcies are no one’s fault. In Trump's case, my reading of the situation is that his bankruptcies were his fault. But to his credit, he recovered.

As I think I said before, US politics is binary. The alternative to Trump was Hillary. In the last couple of days, it’s come out that virtually all of Hillary's emails, both incoming and outgoing, were transferred to a mysterious gmail address that may (or may not) be connected with a Chinese firm. This was done before the emails were wiped from Clinton's server, rendering them inaccessible to investigators. I’d prefer an investigative focus on this matter, rather than trying to relitigate Trump's business screwups from decades ago.

Yes, Michael that was my larger point,that many bankruptcies are no one's fault. - AOD

Michael wrote:

"Politics seems to be a "low-vibration" endeavor, attracting office seekers of generally poor character and bringing out the less desirable traits in observers."

I mostly agree with the above sentiment, but I'd like to believe that the better angels of our nature might ultimately triumph in the political sphere and elsewhere. Whether politicians are especially wanting in character, or their faults more evident in the pitiless glare of the civic sphere, I don't know. It takes a certain kind of courage to stand up for what you believe and struggle to win over those who venomously oppose you. So, I respect them for that.

As a spectator, I can model the spirit and attitude that I wish my representatives to embody by being charitable to those whose opinions clash with mine, and humbly open to see and hear what is vital and meaningful to them. Of course, I fail at this regularly, but I genuinely am interested in how people become impassioned over issues and why they believe what they believe.

It would be a wonderful world if our political leaders were men and women of outstanding character and moral virtue, but they are just flawed human beings like the rest of us. The leaders we choose, for better or worse, accurately reflect what we truly value. As Churchill put it: "The best argument against democracy is a five-minute conversation with the average voter."

Kris wrote, "92% of scientist identify as democrat."

I'm pretty sure that includes only scientists in academia, not in industry or in the field, and may also include social scientists. Link?

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