Saturday, 1 October 2016

Trump's companies have filed bankruptcy 6 times - WTF?

The Emporer with no clothes
USA Today has never taken a side in US presidential elections, choosing instead to simply disseminate information about each candidate. This time however, and for the first time ever, they have taken sides with Hillary in denouncing Trump as simply incapable of being the president of the US.

The whole article is basically ripping Trump a few new assholes, but I was amazed at one factoid that they pronounced. Trump's companies have been bankrupt 6 times.  
His business career is checkered. Trump has built his candidacy on his achievements as a real estate developer and entrepreneur. It’s a shaky scaffold, starting with a 1973 Justice Department suit against Trump and his father for systematically discriminating against blacks in housing rentals. (The Trumps fought the suit but later settled on terms that were viewed as a government victory.) Trump’s companies have had some spectacular financial successes, but this track record is marred by six bankruptcy filings, apparent misuse of the family’s charitable foundation, and allegations by Trump University customers of fraud. A series of investigative articles published by the USA TODAY Network found that Trump has been involved in thousands of lawsuits over the past three decades, including at least 60 that involved small businesses and contract employees who said they were stiffed. So much for being a champion of the little guy. USA Today
What the fuckin fuck?

I myself have worked long and hard before I got sick bla, it was only after I got sick and a life crisis that saw me go bankrupt now for the first time in my life in my 50's. Me, a humble worker who got sick, has done better at balancing the books than Trump the bazillionare. 

Yet this Trump guy, so called business expert who's going around preaching to all about how good as business man he is, has had his business's go bankrupt 6 times. What an astonishing figure!

My take on it all is that he's simply played the system, using his money and lawyers to get a result in his favour. Hardly good business acumen. More like wafting along at taxpayers expense.