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WTF happened to the WTF happened to the WTF happened with Trump today thread?

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illiniray

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Some might consider 45 and 47 a measure of success.

In private sector business? Not many of his supporters admit he monetized the Presidency.
“Taking a trip? Where to?”  -“Wherever I end up, I guess. -“Man, I wish I was you." -Well, hang in there.”

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murphstahoe

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Trump has never declared bankruptcy. Certain branches of different Trump businesses have filed corporate bankruptcies, which is pretty common when starting and operating numerous diverse entities.  Jeff Bezos expects Amazon to declare bankruptcy some day.

Bezos has started a real business and is trying to make money from it, and a bankruptcy would be something that while unavoidable, might not make him happy, the real goal is success, not bankruptcy.

For Trump, the bankruptcy is the plan the whole time. Open a company, pull in cash, loot the company, company declares bankruptcy, individual who took the money is at arm's reach from the bankruptcy.

Case and point - the Taj Mahal. While casinos do come and go (I mean, the Mirage was a seminal casino, the absolute top of the ladder, and now it no longer exists), the Taj was mis-designed from the get go, overbuilt, gaudy, poorly thought out and inefficient, and it had a lifespan that was very short for a major casino, let alone one with that level of investment. It was a Bellagio level investment in terms of cash - the Bellagio is still humming along and on par with Encore/Aria/Venetian still at the top of the pack.

What happened? The money being poured into the Taj from investors was spent in overbuilding it in a way that moved the money into Trump's pocket at the start. With that money circled into his pockets, the actual operations and continual lifespan of the Taj was irrelevant, to some extent the sooner it went bankrupt the sooner his hands were washed from it.

The key properties that haven't gone belly up are things like a monster hotel in Azerbaijan, never completed by Trump but a great way to launder Azerbaijani money into his pockets.

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Somewhere in Mn

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The pardon itself doesn't impute guilt. It would be moot for the crimes he confessed to.

I don't have any idea how blanket pardons for charges unknown work. It sounds like back door immunity. Or a get out of jail free card.

Hunter's pardon covers a guilty plea and a conviction. He doesn't have to confess guilt with the pardon.

The preemptive pardons are a dangerous precedent.
I would think that would go without saying.

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Somewhere in Mn

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In private sector business? Not many of his supporters admit he monetized the Presidency.

Go look at his leaked tax returns. I'm sure the NYT will be happy to give them to you.

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Reacher

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Trump has never declared bankruptcy. Certain branches of different Trump businesses have filed corporate bankruptcies, which is pretty common when starting and operating numerous diverse entities.  Jeff Bezos expects Amazon to declare bankruptcy some day.

Wanting America to be better is not America-hating, it’s patriotism.

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Reacher

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Hunter's pardon covers a guilty plea and a conviction. He doesn't have to confess guilt with the pardon.

The preemptive pardons are a dangerous precedent.
I would think that would go without saying.

Trump is a dangerous precedent, that should be able to go without saying; but alas, here we are.
Wanting America to be better is not America-hating, it’s patriotism.

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illiniray

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Go look at his leaked tax returns. I'm sure the NYT will be happy to give them to you.

Another red herring. We were discussing whether Trump was a successful businessman. You gave the Presidency as  examples.
“Taking a trip? Where to?”  -“Wherever I end up, I guess. -“Man, I wish I was you." -Well, hang in there.”

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illiniray

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Trump has never declared bankruptcy. Certain branches of different Trump businesses have filed corporate bankruptcies, which is pretty common when starting and operating numerous diverse entities.  Jeff Bezos expects Amazon to declare bankruptcy some day.

Not all bankruptcies are created equal.
“Taking a trip? Where to?”  -“Wherever I end up, I guess. -“Man, I wish I was you." -Well, hang in there.”

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illiniray

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President Trump issued an Executive Order granting immunity from our laws to certain future children of unlawfully present persons or temporary residents.
“Taking a trip? Where to?”  -“Wherever I end up, I guess. -“Man, I wish I was you." -Well, hang in there.”

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Somewhere in Mn

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And he'll sign more executive orders because he's the President.
The Democrats hid the senile old man from everybody for 4 years and then turned on him when they had no choice and tossed 14 million primary votes into the trash heap.
They got voted out.
Shit happens.

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illiniray

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Bezos has started a real business and is trying to make money from it, and a bankruptcy would be something that while unavoidable, might not make him happy, the real goal is success, not bankruptcy.

For Trump, the bankruptcy is the plan the whole time. Open a company, pull in cash, loot the company, company declares bankruptcy, individual who took the money is at arm's reach from the bankruptcy.

Case and point - the Taj Mahal. While casinos do come and go (I mean, the Mirage was a seminal casino, the absolute top of the ladder, and now it no longer exists), the Taj was mis-designed from the get go, overbuilt, gaudy, poorly thought out and inefficient, and it had a lifespan that was very short for a major casino, let alone one with that level of investment. It was a Bellagio level investment in terms of cash - the Bellagio is still humming along and on par with Encore/Aria/Venetian still at the top of the pack.

What happened? The money being poured into the Taj from investors was spent in overbuilding it in a way that moved the money into Trump's pocket at the start. With that money circled into his pockets, the actual operations and continual lifespan of the Taj was irrelevant, to some extent the sooner it went bankrupt the sooner his hands were washed from it.

The key properties that haven't gone belly up are things like a monster hotel in Azerbaijan, never completed by Trump but a great way to launder Azerbaijani money into his pockets.

Trouble is, all that technical mumbo jumbo goes right past the average magat.
“Taking a trip? Where to?”  -“Wherever I end up, I guess. -“Man, I wish I was you." -Well, hang in there.”

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murphstahoe

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Trouble is, all that technical mumbo jumbo goes right past the average magat.

either that - or "It means he's smart"

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illiniray

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either that - or "It means he's smart"

:)
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ThePAMan

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Born rich, and declared bankruptcy 5 or 6 times? It got to the point where the only people who would finance him are the Russian banks (oligarchs). He's a good promoter. Businessman? Not particularly.

I thought it was Deutsche Bank that would only loan him money.
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Custard

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Not all bankruptcies are created equal.

Exactly. Lots of left wingers act like he’s personally filed a half dozen bankruptcies.
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