Wow... Trump calls out Obama in a HUGE way

[JudoThrowFiasco]

Some people don't seem to understand the concept that money creates more money. Most people don't have the opportunity to play with the kind of sums that Trump inherited. If you had given Trump's money to a random person, as long as they had made semi-decent investments, they would be as rich if not richer than Trump right now.

You cant definitively make that assumption.

 

[PolishHeadlock]

Yeah, this is one of those things that seems like just a smear job to me. I mean, it might not be - Oedad's post strongly suggests it is though - but saying that Trump is a failure because a few products associated with his name have failed, or because he has declared bankruptcy or divorced, really doesn't indicate much as to how successful he really is.

Bankruptcy can be a powerful financial tool if used right, and some of the most successful business people in the world have declared strategically declared bankruptcy to the great benefit of their businesses. You can do a list like this, of relatively unsuccessful/failed products, for companies like Google and Apple and Nintendo - and would you consider them failures? Divorces? Many of the most successful people of the past century have been divorced multiple times.

Trump is a figure that is being misrepresented by his supporters and detractors. That Trump meme that you buy into and spread on your facebook page? Yeah, it's probably BS meant to mislead and spread a disingenuous positive/negative narrative about the guy.

The only business ventures he's been successful in were inheriting real estate in NYC and reality TV.

He's kind of like the original Kim Kardashian

 

[ehtheist]

Some people don't seem to understand the concept that money creates more money. Most people don't have the opportunity to play with the kind of sums that Trump inherited. If you had given Trump's money to a random person, as long as they had made semi-decent investments, they would be as rich if not richer than Trump right now.

Interesting read for you on the subject of inheritance and wealth retention in the U.S.

"Lastly, per researchers at the Williams Group, a family-wealth consultancy firm who surveyed more than 2,000 affluent families over 20 years in search of an explanation to the boom-and-bust syndrome wealthy families apparently experience, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% lose their wealth by the third."



"Indeed, 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third, according to the Williams Group wealth consultancy."

http://time.com/money/3925308/rich-families-lose-wealth/

(please read references at bottom of original picture/link for in depth info on the phenomenon. Not asking anyone to take some Facebook page's word on it. We Are Capitalists posts interesting stuff though, almost always with citations, and I'd recommend following it for an interesting, and usually informed, perspective on popular economic claims)

Not making any particular point. Again, just an interesting read for perspective relative to the narrative of surrounding inherited wealth

 

[PolishHeadlock]

Some people don't seem to understand the concept that money creates more money. Most people don't have the opportunity to play with the kind of sums that Trump inherited. If you had given Trump's money to a random person, as long as they had made semi-decent investments, they would be as rich if not richer than Trump right now.

That's not really true at all. It is true that he hasn't outperformed the market but if you look at the stats of generational wealth among the rich most families lose wealth from generation to generation.

Trump isn't a random guy, he is Wharton graduate who inherited a lot of money.

 

[HOLA]

It's occurred to me after seeing this picture that I can't think of a single successful Trump product or business apart from The Apprentice.

Being an American able to take advantage of bankruptcy laws and having a daddy who gave him a small head start of 100 million or so.

And having a daughter so good looking even he wants to date her.

 

[Bukowski82]

I wouldn't go to the funeral either if I was Obama. But damn... Trumps got a point.

 

[Jesus Freak]

Yeah, this is one of those things that seems like just a smear job to me. I mean, it might not be - Oedad's post strongly suggests it is though - but saying that Trump is a failure because a few products associated with his name have failed, or because he has declared bankruptcy or divorced, really doesn't indicate much as to how successful he really is.

Bankruptcy can be a powerful financial tool if used right, and some of the most successful business people in the world have declared strategically declared bankruptcy to the great benefit of their businesses. You can do a list like this, of relatively unsuccessful/failed products, for companies like Google and Apple and Nintendo - and would you consider them failures? Divorces? Many of the most successful people of the past century have been divorced multiple times.

Trump is a figure that is being misrepresented by his supporters and detractors. That Trump meme that you buy into and spread on your facebook page? Yeah, it's probably BS meant to mislead and spread a disingenuous positive/negative narrative about the guy.

 

[Jesus Freak]

Love how Sherdummies twist everything around to the point where the tweet isn't even being addressed anymore...now it's about him inheriting money, being sleazy, wanting to date his own daughter, etc.

Meanwhile, the fact obama is anti-Christian is lost in the shuffle!

Sherdummies Gonna Sherdum

 

[Tekk]

He's worth over 10.

The only person claiming Trump is worth 10billion is Trump. Any body who has done any research into his wealth always come in at about half of what Trump claims.

 

[ehtheist]

The only person claiming Trump is worth 10billion is Trump. Any body who has done any research into his wealth always come in at about half of what Trump claims.

As someone who has seen a dozen different sources making a dozen different claims on this matter, do you have a credible source on hand? Or at least one with a strong argument for credibility?

Love how Sherdummies twist everything around to the point where the tweet isn't even being addressed anymore...now it's about him inheriting money, being sleazy, wanting to date his own daughter, etc.

Meanwhile, the fact obama is anti-Christian is lost in the shuffle!

Sherdummies Gonna Sherdum

Trump is a figure which definitely does invite such derailment, but you have a point. The issue of whether Obama is flying two flags for how he acts towards Islam and Christianity is an interesting one because (see my previous article) it does seem like he has treated speaking engagements at temples differently. Is this actually the case? Does anyone have more info on Obama's general treatment of Islam VS Christianity, as per the original post, before this devolves into talking about Trump's bad hair?

 

[sloppypie]

Yeah, this is one of those things that seems like just a smear job to me. I mean, it might not be - Oedad's post strongly suggests it is though - but saying that Trump is a failure because a few products associated with his name have failed, or because he has declared bankruptcy or divorced, really doesn't indicate much as to how successful he really is.

Bankruptcy can be a powerful financial tool if used right, and some of the most successful business people in the world have declared strategically declared bankruptcy to the great benefit of their businesses. You can do a list like this, of relatively unsuccessful/failed products, for companies like Google and Apple and Nintendo - and would you consider them failures? Divorces? Many of the most successful people of the past century have been divorced multiple times.

Trump is a figure that is being misrepresented by his supporters and detractors. That Trump meme that you buy into and spread on your facebook page? Yeah, it's probably BS meant to mislead and spread a disingenuous positive/negative narrative about the guy.

i actually kinda agree w/ some of this. i'm no business wizard but i'm aware of bankruptcy being used as a tool to be beneficial for people who own multiple businesses. and it's also a very petty thing to point out his divorces - who gives a shit. pointing out a divorce would usually be something conservatives would flip out about since jesus puts a frowny face emoji on your tombstone when you divorce, but seeing democrats bring this up as a negative is kinda ridiculous.

but, trump says a lot of stupid and ridiculous shit. the building of the wall on mexico is one of the dumbest ideas ever posited by a presidential candidate. his ban on muslims is extremely counter intuitive to the entire principle of United States immigration. the only thing this does is make american muslims feel bitter and resentful and not being made to felt included into this country. which in turn will simply create more cultural divide.

he's defining a campaign on fear and isolationism, which is really all you need to know to not like the guy. i worry about a person's perspective if they focus on petty criticisms when there's glaring red stop signs that are of much more concern in front of their face.

 

[Farmer Br0wn]

If you had given Trump's money to a random person, as long as they had made semi-decent investments, they would be as rich if not richer than Trump right now.

No, not even close. If a wealth is greater than the person who commands it, that wealth will ultimately lead to the downfall of that person, just look at the stories lottery winners tell about how their lives have been ruined by winning the lottery.

Don't lust after the inherited wealth of even those you would deem unworthy of such wealth, their money is not yours, and you would do no better with it.

 

[ehtheist]

i actually kinda agree w/ some of this. i'm no business wizard but i'm aware of bankruptcy being used as a tool to be beneficial for people who own multiple businesses. and it's also a very petty thing to point out his divorces - who gives a shit. pointing out a divorce would usually be something conservatives would flip out about since jesus puts a frowny face emoji on your tombstone when you divorce, but seeing democrats bring this up as a negative is kinda ridiculous.

but, trump says a lot of stupid and ridiculous shit. the building of the wall on mexico is one of the dumbest ideas ever posited by a presidential candidate. his ban on muslims is extremely counter intuitive to the entire principle of United States immigration. the only thing this does is make american muslims feel bitter and resentful and not being made to felt included into this country. which in turn will simply create more cultural divide.

he's defining a campaign on fear and isolationism, which is really all you need to know to not like the guy. i worry about a person's perspective if they focus on petty criticisms when there's glaring red stop signs that are of much more concern in front of their face.

Yeah, I can get behind this. What I find odd is, there are plenty of legitimate reasons to dislike and detract from Trump. Instead of focusing solely on the plethora of stuff that Trump readily provides to make him *clearly* a bad candidate, we see soundbyte after meme after smear which focuses on stuff that is often inconclusive, misleading, and sometimes outright false. Frankly, it's quite similar to what Trump himself does and how he's running his campaign - just the other side, who frequently acts appalled that he would do this, are the ones doing it to him.

Trump has been given enough rope to hang himself and he's tied a pretty nice noose... And yet people are more concerned with his hair, his divorces, and his bankruptcies than his utterly insane platform. The counter-Trump campaign focuses more on the ad hominem than the substantive far too often.

 

[Jesus Freak]

As someone who has seen a dozen different sources making a dozen different claims on this matter, do you have a credible source on hand? Or at least one with a strong argument for credibility?




Trump is a figure which definitely does invite such derailment, but you have a point. The issue of whether Obama is flying two flags for how he acts towards Islam and Christianity is an interesting one because (see my previous article) it does seem like he has treated speaking engagements at temples differently. Is this actually the case? Does anyone have more info on Obama's general treatment of Islam VS Christianity, as per the original post, before this devolves into talking about Trump's bad hair?

These should clear things up...

 

[sloppypie]

Yeah, I can get behind this. What I find odd is, there are plenty of legitimate reasons to dislike and detract from Trump. Instead of focusing solely on the plethora of stuff that Trump readily provides to make him *clearly* a bad candidate, we see soundbyte after meme after smear which focuses on stuff that is often inconclusive, misleading, and sometimes outright false. Frankly, it's quite similar to what Trump himself does and how he's running his campaign - just the other side, who frequently acts appalled that he would do this, are the ones doing it to him.

smear jobs based on really petty things like this only rile people up more. and the media can be the ultimate bully when it comes to attacking public figures. many times in unfair and downright gossip driven manner.

the only exception to the divorce thing is if trump was playing the super jesus ultra morality religious angle. then he'd be a hypocrite and it would be fair game to say how you can you condemn people for divorcing when you yourself were divorced 4 times or whatever.

but as far as i can see he isn't playing that angle. he says he'll protect christian rights and brings a bible up to a podium speech now and then, but i haven't seen him playing on this angle in any serious manner to warrant his divorces becoming substantive fodder.

 

[ILLogic]

I don't want Trump anywhere near the White House, and he's a POS in several ways. However, I like having him around. He's pretty damn funny, and he trolls everyone. He's like a walking, talking Comedy Central schtick.

 

[silicavaginitis]

 

[threelions]

Some people don't seem to understand the concept that money creates more money. Most people don't have the opportunity to play with the kind of sums that Trump inherited. If you had given Trump's money to a random person, as long as they had made semi-decent investments, they would be as rich if not richer than Trump right now.

This isn't true a very high number of Lottery winners go broke within a year or two.

 

[Renard]

That's not really true at all. It is true that he hasn't outperformed the market but if you look at the stats of generational wealth among the rich most families lose wealth from generation to generation.

Trump isn't a random guy, he is Wharton graduate who inherited a lot of money.

That's natural. Sooner or later the family wealth falls into the hands of an illogical spender. But the bar isn't high, anyone with a minimum of logic can make decent investments or seek counsel. We know that if Trump had invested in a banal index fund, he would be about $10 billion richer than he is now. It's not rocket science but then again maybe I underestimate the profound stupidity of the average person.

 

[ehtheist]

That's natural. Sooner or later the family wealth falls into the hands of an illogical spender. But the bar isn't high, anyone with a minimum of logic can make decent investments or seek counsel. We know that if Trump had invested in a banal index fund, he would be about $10 billion richer than he is now. It's not rocket science but then again maybe I underestimate the profound stupidity of the average person.

But not all of us do know this. I admit my ignorance on this subject. I don't know what he started with, what he gained and lost in which positions, and how much he would have made if he had done precisely what you said he would. Do you have some credible sources that speak to this claim?

Not disbelieving you - for all I know, you're 100% spot on. The thing is, the only things I've seen corroborating your statement are memes and isolated statements on the internet. Could you give me - and those ignorant, like me - some sources for this?