Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
THIS cannot happen too soon... (Original Post) pbmus Apr 2018 OP
Follow the money... Wounded Bear Apr 2018 #1
Finally someone is saying it Eliot Rosewater Apr 2018 #2
I've Done A Similar Analysis ProfessorGAC Apr 2018 #3
He always goes bankrupt thus the russian mob money. I dont know why Eliot Rosewater Apr 2018 #4
To A Guy Who Couldn't Get Wet In The Rain ProfessorGAC Apr 2018 #5
LO on MSNBC did a breakdown last night. poboy2 Apr 2018 #10
Chump is a failure. gademocrat7 Apr 2018 #6
I think Trump likes PatSeg Apr 2018 #7
He's like a gambling addict: It's not the amount, but the process he loves. lindysalsagal Apr 2018 #11
Exactly PatSeg Apr 2018 #14
When posting tweets, pls post text, images, videos and contained links. Bernardo de La Paz Apr 2018 #8
Here ya go. mobeau69 Apr 2018 #9
Good find! Thank you! (and OP). . . . . nt Bernardo de La Paz Apr 2018 #12
Article excellent point. Trump will suffer legal dethroning, but public shifts on his Bernardo de La Paz Apr 2018 #13

Eliot Rosewater

(31,131 posts)
2. Finally someone is saying it
Tue Apr 24, 2018, 02:10 PM
Apr 2018
Donald Trump is a bad businessman.

There’s no arguing that he’s not—if he’d taken the money his father gave him and dumped it all in totally average mutual funds, he’d be better off today than he is after a lifetime of half-baked dealings that’ve bankrupted himself and others and shorted taxpayers.

In order to survive his terrible deals, reporters who’ve looked at Trump’s dealings after the 2016 election have found that he’s relied on graft and shady partnerships. In a new podcast with Slate, The New Yorker‘s Adam Davidson breaks down what he’s learned from spending the last year looking at Trump’ business dealings around the world. Davidson says other reporters who’ve done the same have found it “increasingly shocking just how flagrant the Trump Organization was” in dealing with the “shadiest—frankly, in cases, purely evil—people” whose business schemes involved making money “in wildly illegal and corrupt ways.”

ProfessorGAC

(65,251 posts)
3. I've Done A Similar Analysis
Tue Apr 24, 2018, 02:17 PM
Apr 2018

What i have equated is that since the period included NASDAQ's rise, just letting it sit would have allowed an accumulation to almost $11.5 billion.

Now, going back to year one, when leasing a commuter jet would have only cost about $30k per month, and having 6 palatial homes near exclusive country clubs, one could live like Louis the XIV on about $3 million after taxes. (Back then.)

Taking 5.5% per year increase (way above average inflation over that time), and allowing for the lost gain on the first $3 million (or around $4.7 million pre-tax), the actual consumption of cash flow for that period of time would have been an average of about $44 million per year. That would leave a pile of wealth remaining of something between $10 and $10.2 billion, which is 2.05 times what PINO even pretended to have. (And i don't believe that number.)

So, not only would there be more money without all the machinations and branding and cheating and ripping people off, it would have been WAY more money.

Eliot Rosewater

(31,131 posts)
4. He always goes bankrupt thus the russian mob money. I dont know why
Tue Apr 24, 2018, 02:19 PM
Apr 2018

but half of this country or thereabouts hate black people and women so much they are willing to sell the country to Putin

ProfessorGAC

(65,251 posts)
5. To A Guy Who Couldn't Get Wet In The Rain
Tue Apr 24, 2018, 02:20 PM
Apr 2018

This is a level of incompetence in wealth creation and money management that is epic in proportion.

PatSeg

(47,649 posts)
7. I think Trump likes
Tue Apr 24, 2018, 03:02 PM
Apr 2018

skirting the law, getting away with something. It is like a challenge to him - "How can I get away with this by lying and cheating?" Its no fun playing by the rules.

lindysalsagal

(20,747 posts)
11. He's like a gambling addict: It's not the amount, but the process he loves.
Tue Apr 24, 2018, 05:46 PM
Apr 2018

Gamblers never stop, even when they get all the money. It's never about getting all the money: They need to live-out their fantasies of conquering others.

And just like gamblers, he'll play until someone locks him up.

Bernardo de La Paz

(49,052 posts)
8. When posting tweets, pls post text, images, videos and contained links.
Tue Apr 24, 2018, 04:57 PM
Apr 2018

I can see the text, but not the video/photo/whatever-it-might-be.

Reporter who untangled Trump’s business schemes explains why the Cohen raid will finally expose the president

Bernardo de La Paz

(49,052 posts)
13. Article excellent point. Trump will suffer legal dethroning, but public shifts on his
Tue Apr 24, 2018, 07:15 PM
Apr 2018

The public's perception of his business acumen will shift and dramatically.

It might actually shift first and then when they truly take on board the fact that he is an emperor with no clothes (a lousy business faker) they will dry up his hold over Republicons. Of course his core base (about 15% of Americans) will never leave him, never get a real clue, but there will be a radical shift. It may happen before, during, or after he is deposed on legal grounds (Obstruction or Collusion or Emoluments a distant third) but it will happen.

Latest Discussions»General Discussion»THIS cannot happen too so...