Trumps many, many business failings explained

dontsnitch said:
If this thread was a debate as to who the better businessman was, perhaps the point would be valid, although not based on the numbers. Unless the TS is defining success by something other than money, I don't know what's going on here.

The proof that Trump is successful is his success; It's his net worth.
Click to expand...

I don't think it's accurate to say he isn't successful. But he boasts his personal success as proof that he could lead the country. His failed businesses come into the conversation because we should be concerned that he doesn't turn America into another one of his failed ventures, where he comes out alright but everyone else suffers.
 
m52nickerson said:
You are confusing the project ending in failure and how Trump benefits. Trump walks away making money even as things fail. Even with licensing his brand he makes money but if things fail loses very little of anything.
Click to expand...

Are you confusing a succesful businessman with someone who fleeces investors and tells them they're fortunate that he fleeced them?
 
JosephDredd said:
Are you confusing a succesful businessman with someone who fleeces investors and tells them they're fortunate that he fleeced them?
Click to expand...

Never said Trump was a successful businessman. In fact I said in another post he is a very successful self-promoter. My point is he is successful.
 
Winnie The Foo said:
I don't think it's accurate to say he isn't successful. But he boasts his personal success as proof that he could lead the country. His failed businesses come into the conversation because we should be concerned that he doesn't turn America into another one of his failed ventures, where he comes out alright but everyone else suffers.
Click to expand...

Right, and if this thread was that Trump's monetary success does not make him fit to run for President, the point would be much more valid, and much less cringe worthy, than suggesting a billionaire is unsuccessful.
 
dontsnitch said:
If this thread was a debate as to who the better businessman was, perhaps the point would be valid, although not based on the numbers. Unless the TS is defining success by something other than money, I don't know what's going on here.

The proof that Trump is successful is his success; It's his net worth.
Click to expand...

The article outlines how many, many times it was his father's money that kept him afloat from his bad decisions. Then it describes how many times he'd find himself getting away scot free from total failure because he'd talked himself into such a ridiculous position, such as when he owned three casinos in Atlanta and they broke their backs to help him financialy because the casinos dying could have really hurt the city.

The numbers are out there: if he would have invested his inheritance in index funds, he would be ten billion dollars richer than he is.

So what are the things he's succeeded at? Being kept afloat by his father and ridiculous circumstance seem to be luck. Unless you're saying he's a successful talker, as he keeps talking himself into ridiculous positions where people can't afford for him to fail
 
dontsnitch said:
Right, and if this thread was that Trump's monetary success does not make him fit to run for President, the point would be much more valid, and much less cringe worthy, than suggesting a billionaire is unsuccessful.
Click to expand...

I'm not suggesting he's unsuccessful, I want to know what his successes are. As far as I know, The Apprentice was a huge success for him... and one he badly needed.

Anything else?
 
Thunderflash500 said:
But why would idiot liberals care about corruption when Trump had a good family. Don't Republicans know? Good families are evil!
Click to expand...

I wouldn’t categorize a father who constantly enables his son’s failures by repeatedly bailing him out as a good father.

Although I would be willing to bet that Trump’s grandfather the pimp and his father the racist penny-pinching slumlord would probably be better qualified to run the US though, I’ll give you that.
 
m52nickerson said:
Never said Trump was a successful businessman. In fact I said in another post he is a very successful self-promoter. My point is he is successful.
Click to expand...

So what are the things he's succeeded in?

If you're pointing at him walking away with investor's money while the projects collapse in his wake, then I guess I'm willing to accept that. But that's certainly not the kind of business acumen that looks good on an individual.
 
JosephDredd said:
So what are the things he's succeeded in?

If you're pointing at him walking away with investor's money while the projects collapse in his wake, then I guess I'm willing to accept that. But that's certainly not the kind of business acumen that looks good on an individual. He's faced an awful lot of lawsuits.
Click to expand...

He's been successful at making himself a lot of money. Yes, that includes many of the projects that simply collapsed. This is not any type of virtuous success by any means, but simply making Trump more money.
 
JosephDredd said:
I'm not suggesting he's unsuccessful, I want to know what his successes are. As far as I know, The Apprentice was a huge success for him... and one he badly needed.

Anything else?
Click to expand...

He's a real estate mogul.
 
m52nickerson said:
He's been successful at making himself a lot of money. Yes, that includes many of the projects that simply collapsed. This is not any type of virtuous success by any means, but simply making Trump more money.
Click to expand...

dontsnitch said:
He's a real estate mogul.
Click to expand...

I literally want to know more about those projects. Can anyone name these projects or are they just ethereal feelings in our collective unconscious?
 
m52nickerson said:
He's been successful at making himself a lot of money. Yes, that includes many of the projects that simply collapsed. This is not any type of virtuous success by any means, but simply making Trump more money.
Click to expand...

Now that I've thought about it... person X sets up a development, but it falls through so he disappears with the investor's money.

I may have to change my earlier opinion. Even if I want to go into the details of what makes a successful huckster, that's not a story people would call a success story if it wasn't Trump's name attached to it.
 
He failed to mention that this deal was once again largely attributable to Daddy, who co-guaranteed with Hyatt a construction loan for $70 million and arranged a credit line for his boy with Chase Manhattan Bank. The credit line was a favor to the Trump family, which had brought huge profits to the bank; according to regulatory records, the revolving loan was set up without even requiring a written agreement. Topping off the freebies and special deals that flowed Trump’s way, the city tossed in a 40-year tax abatement. Trump’s “success” with the Hyatt was simply the result of money from his dad, his dad’s bank, Hyatt and the taxpayers of New York City.

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.

http://www.newsweek.com/2016/08/12/donald-trumps-business-failures-election-2016-486091.html

Once again, Trump made his money because of his daddy. He tried to fuck it up, but his Dad bailed him out and made sure his son succeeded.
I own a business, and my Dad did not guarantee a 70 million dollar loan to start it up.
 
JadeOwl said:
I wouldn’t categorize a father who constantly enables his son’s failures by repeatedly bailing him out as a good father.

Although I would be willing to bet that Trump’s grandfather the pimp and his father the racist penny-pinching slumlord would probably be better qualified to run the US though, I’ll give you that.
Click to expand...

Trump was sent to a nations top school, he was trained in business by his father, took over the company eventually and even with all your sophistry can't deny he grew the business. So yea, you're butthurt he came from a good american family and continues to live the american dream. Instead you want a corrupt politician in the white house. Not because you like her, but simply because you don't like Trump.
 
I love all the butt hurt from people who obviously have shit head parents and are so jealous of Trump. As if having a family that doesn't support or guide you is good. No, you people have shitty daddies and now take out your anger at republicans. They remind you to much of your mean daddy.
 
Thunderflash500 said:
I love all the butt hurt from people who obviously have shit head parents and are so jealous of Trump. As if having a family that doesn't support or guide you is good. No, you people have shitty daddies and now take out your anger at republicans. They remind you to much of your mean daddy.
Click to expand...
No not butt hurt. I just get sick of the myth that Trump is some kind of great businessman. Fred was a great businessman and Donald just wanted to be famous. Deep down he is the kid born to a rich Brooklyn family that always wanted to be in the same stratosphere as the old wealthy families from Manhattan. He went to the best schools with the Manhattan elite, but they always looked down upon him and that is what drives him today.
 
44nutman said:
No not butt hurt. I just get sick of the myth that Trump is some kind of great businessman. Fred was a great businessman and Donald just wanted to be famous. Deep down he is the kid born to a rich Brooklyn family that always wanted to be in the same stratosphere as the old wealthy families from Manhattan. He went to the best schools with the Manhattan elite, but they always looked down upon him and that is what drives him today.
Click to expand...

You're exaggerating. Trump succeeded in the highest stakes of real estate in the world.

You want to point to a lucky billionaire point to Cuban.
 
dontsnitch said:
You're exaggerating. Trump succeeded in the highest stakes of real estate in the world.

You want to point to a lucky billionaire point to Cuban.
Click to expand...
If the banks did not write off billions of his debt, Trump right now would be blowing dudes in Central Park for hair product.
 
You must log in or register to reply here.

Similar threads

H
Law Trump can’t get a loan to pay $464 million bond in fraud case, his lawyers say
59 60 61
Replies
1K
Views
30K
icemun
icemun

Latest posts

Forum statistics

Threads
1,236,871
Messages
55,451,196
Members
174,783
Latest member
notnormal

Share this page

Back
Top