donald trump 4 prez

Key · 09-27-2016, 05:53 PM

Quote:

Originally Posted by Frownland

I don't like him either but what's with the blind hatred? He clearly is a successful businessman.

"Hitler can't mobilize an army because I don't like him!"
-Ki

Apparently multiple failed business models and multiple bankruptcies is good business strategy in your book.

Not to mention the number of people he's screwed over for profit.

Terrapin_Station · 09-27-2016, 05:54 PM

Quote:

Originally Posted by Frownland

I didn't know that. Do you know if this is the case for any of Trump's bankruptcies?

I don't know for sure, but I believe it was. That's actually not that uncommon with really big companies. A couple examples--Delta filed for bankruptcy in 2005. Kmart filed for bankruptcy in 2002.

**Frownland** · 09-27-2016, 05:55 PM

Quote:

Originally Posted by Ki

Apparently multiple failed business models and multiple bankruptcies is good business strategy in your book.

Not to mention the number of people he's screwed over for profit.

That's why all of his businesses are closed and he's broke.

Key · 09-27-2016, 05:57 PM

Quote:

Originally Posted by Frownland

That's why all of his businesses are closed and he's broke.

Not to mention the amount of taxes he's never paid.
Or the millions of dollars he was handed as a kid.
Or the upper class mentality that he's been able to maintain far longer than allowable.
Or the fact that he'll never show his tax returns because he doesn't want people to see that he's actually broke.

**Frownland** · 09-27-2016, 05:58 PM

Quote:

Originally Posted by Ki

Not to mention the amount of taxes he's never paid.
Or the millions of dollars he was handed as a kid.
Or the upper class mentality that he's been able to maintain far longer than allowable.
Or the fact that he'll never show his tax returns because he doesn't want people to see that he's actually broke.

Therefore he doesn't know how to run a business?

I don't think Ki knows how to run a business.

Key · 09-27-2016, 06:03 PM

Quote:

Originally Posted by Frownland

Therefore he doesn't know how to run a business?

I don't think Ki knows how to run a business.

I don't think you know the difference between a successful business and an unsuccessful business. Take a look at facts.

Quote:

Bankruptcy No. 1: The Trump Taj Mahal, 1991

Trump’s first bankruptcy may have hit the businessman, personally, the hardest, according to news reports.

He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, N.J., which opened in 1990, primarily with junk bonds at a whopping 14 percent interest. A year later, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities. So Trump decided to file for Chapter 11 reorganization, according to the New York Times.

As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Quote:

Bankruptcy No. 2: Trump Castle, 1992

Within a year of his first Chapter 11 filing, Trump found himself in bankruptcy court again for Trump Castle, which opened in 1985. It was his "weakest gambling hall," according to the Philadelphia Inquirer, and ironically faced competition from Trump Taj Mahal. In March 1992, the Castle filed a prepackaged bankruptcy plan, and Trump gave up his 50 percent share in the casino for lower interest rates on $338 million worth of bonds.

Quote:

Bankruptcy No. 3: Trump Plaza and Casino, 1992

The Trump Plaza Hotel and Casino in Atlantic City, which opened in 1984, declared bankruptcy at the same time as the Castle. A $210 million joint project of Trump’s and Harrah’s, the casino had racked up $250 million in debt by 1992, after a staggering 80 percent decline in cash flow. So Trump Plaza filed for prepackaged bankruptcy that spring as well.

Quote:

Bankruptcy No. 4: Plaza Hotel, 1992

Later that year, Trump filed bankruptcy on another Plaza, this one in New York. Trump purchased the Plaza Hotel in Midtown Manhattan for $390 million in 1988, but it accumulated more than $550 million in debt by 1992. In December 1992, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture; he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to the New York Times.

Quote:

Bankruptcy No. 5: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City, and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 percent to 27 percent in a restructuring plan, but he was still the company’s largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

Quote:

Bankruptcy No. 6: Trump Entertainment Resorts, 2009

Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News. It declared Chapter 11 in February 2009. After debating with the company’s board of directors, Trump resigned as the company’s chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trump’s name in licensing.

Don't worry about the authority of these because I already ran the numbers and the domain authority came out to 87/100

Regarding the book you talk about as well:

Quote:

Trump has actually filed Chapter 11 six times, four times within two years in the 1990s, once more in 2004 and once more in 2009. But experts told us Trump shouldn’t bear all the responsibility, as Clinton’s wording suggests, as the majority of bankruptcies happened as the overall casino industry struggled.

**Frownland** · 09-27-2016, 06:04 PM

Those are the only businesses Trump owns? Interesting.

Key · 09-27-2016, 06:05 PM

Quote:

Originally Posted by Frownland

Those are the only businesses Trump owns? Interesting.

Interesting how you read all of that in a matter of seconds.

**Frownland** · 09-27-2016, 06:05 PM

I've read that article as well.

You've not been very convincing.

Key · 09-27-2016, 06:06 PM

We weren't talking about all of his businesses either, you were questioning why I think he's not a successful business man. I've laid out the facts as to why, and you still question it. If we continue this little charade, we'll go in circles. I find it difficult to believe that you really think he's a success, when he won't even prove to the country that he's actually in debt.

View Poll Results: can he do it?
yes	23	52.27%
yea	21	47.73%
Voters: 44. You may not vote on this poll

09-27-2016, 06:04 PM	#2837 (permalink)
Frownland SOPHIE FOREVER Join Date: Aug 2011 Location: East of the Southern North American West Posts: 35,541	Those are the only businesses Trump owns? Interesting. __________________ Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. d e a f b o x

09-27-2016, 06:05 PM	#2839 (permalink)
Frownland SOPHIE FOREVER Join Date: Aug 2011 Location: East of the Southern North American West Posts: 35,541	I've read that article as well. You've not been very convincing. __________________ Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. d e a f b o x

09-27-2016, 06:06 PM	#2840 (permalink)
Key . Join Date: Dec 2010 Posts: 13,153	We weren't talking about all of his businesses either, you were questioning why I think he's not a successful business man. I've laid out the facts as to why, and you still question it. If we continue this little charade, we'll go in circles. I find it difficult to believe that you really think he's a success, when he won't even prove to the country that he's actually in debt.