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Oh shut the fuck up you little loser. Trump made it to Baton Rouge before Obama did. Trump will carry the South you can bet on it including Texas.
Jim
He won't carry Travis County (Austin), but he doesn't get drunk and drive enough to suit them there. They prefer the ugly, fat, brain-damaged, drunks who talk too much.
Most entrepreneurs understand the basic concept of "using someone else's money". First off when you undertake an endeavor such as the projects Mr Trump has/is doing/done, you have some "minor details" like paying your team that is putting together and building "the project", that would be asinine to tie up your own finances with. Some people sell shares in their company's (Mr Trump's Company's are all privately owned) and borrow to the hilt, some people just borrow (that would be Mr Trump) It is the secret of the rich and powerful, just in case you didn't know.
I own rental properties, I would never go in and lay down my money (yes there is a certain percentage one must put down to make it more challenging to walk away, that is a wise move on the lender's part). Personally, I want all owner financing (no bank) extended out as long as possible (preferably 10 yrs) low interest 5%, usually interest only payments, makes for a great net on someone else's dime, and in the meantime, they are making a guaranteed income over x amount of years, its a win win especially for seniors who are living on a more or less fixed income.
So obviously in many if not all scenarios of business, it is the savvy thing to do.
Rethink what you wrote it doesn't show clarity in the intelligent gentleman I thought you were.
Hey sweetie check this out.
Quote:
Trump received the approvals he needed for the Taj, but the prime-rate loans never materialized. Determined to move forward, he turned to the very junk bonds he had derided in the hearing. He agreed to pay the bond lenders 14 percent interest, roughly 50 percent more than he had projected, to raise $675 million.
It was the biggest gamble of his career. In April 1990, the Taj opened as the world’s largest casino-hotel complex, joining Trump’s other holdings already operating in Atlantic City, the Trump Plaza and Trump’s Castle. But Trump could not keep pace with his debts on the three casinos.
Six months later, the Taj defaulted on interest payments to bondholders as his finances went into a tailspin. In July 1991, Trump’s Taj Mahal filed for bankruptcy, the first and most significant of the four that his companies have experienced.
His banks and lenders know most of it. Otherwise they wouldn't lend.
I would venture to say those that gripe the most about Trump's financial status are those that have made any substantial money in their life. Besides that they don't like Trump because he's not supportive of people coming from other countries making their home here without any legal documentation and reaping the benefits of natural born American citizens. So they need to bash the guy at every turn.
Well I don't know how old you are, but if you know anything about the history of this country and its economy, but his will give you a bit of insight into what happened at that time, heck people weren't gambling, they were loosing money other endeavors.
Hope this paragraph or two will give you a little insight into what happened worldwide, not just with Mr Trump.
From November 1982 to July 1990 the U.S. economy experienced robust growth, modest unemployment, and low inflation. The "Reagan boom" rested on shaky foundations, however, and as the 1980s progressed signs of trouble began to mount. On October 19, 1987 stock markets around the world crashed. In the U.S. the Dow Jones Industrial Average lost over 22% of its value. Although the causes of "Black Monday" were complex, many saw the crash as a sign that investors were worried about the inflation that might result from large U.S. budget deficits. The American housing market presented another sign of weakness, as in the second half of the 1980s a large number of savings and loan associations (private banks that specialized in home mortgages) went bankrupt. The collapse of the S&L industry negatively impacted the welfare of many American households and precipitated a large government bailout that placed further strain on the budget.
Although the 1987 stock market crash and the S&L crisis were separate phenomena, they demonstrated the growing importance of financial markets—and associated public and private sector debt—to the workings of the American economy. Other causes of the early 1990s recession included moves by the U.S. Federal Reserve to raise interest rates in the late 1980s and Iraq's invasion of Kuwait in the summer of 1990. The latter drove up the world price of oil, decreased consumer confidence, and exacerbated the downturn that was already underway.
Although the National Bureau of Economic Research has concluded that the early 1990s recession lasted just eight months, conditions improved slowly thereafter, with unemployment reaching almost 8% as late as June 1992. The sluggish recovery was a key factor in George H.W. Bush's defeat for re-election to the U.S. presidency in November 1992.
That all being said, you don't quit just because you had four "failures, which BTW is 0.00001143 of a percent, of the 3500+ business he has had in his lifetime, not even close to 1 percent. If you were to loan money (which banks, lenders, etc do is to make money) would you take your chances on Donald Trump or one of us little peons, I do believe I would go Trump.
Do you win every time, of course not, do you quit, absolutely not. In the long run The Donald is a WINNER.
I would venture to say those that gripe the most about Trump's financial status are those that have made any substantial money in their life. Besides that they don't like Trump because he's not supportive of people coming from other countries making their home here without any legal documentation and reaping the benefits of natural born American citizens. So they need to bash the guy at every turn.
Well I don't know how old you are, but if you know anything about the history of this country and its economy, but his will give you a bit of insight into what happened at that time, heck people weren't gambling, they were loosing money other endeavors.
Hope this paragraph or two will give you a little insight into what happened worldwide, not just with Mr Trump.
From November 1982 to July 1990 the U.S. economy experienced robust growth, modest unemployment, and low inflation. The "Reagan boom" rested on shaky foundations, however, and as the 1980s progressed signs of trouble began to mount. On October 19, 1987 stock markets around the world crashed. In the U.S. the Dow Jones Industrial Average lost over 22% of its value. Although the causes of "Black Monday" were complex, many saw the crash as a sign that investors were worried about the inflation that might result from large U.S. budget deficits. The American housing market presented another sign of weakness, as in the second half of the 1980s a large number of savings and loan associations (private banks that specialized in home mortgages) went bankrupt. The collapse of the S&L industry negatively impacted the welfare of many American households and precipitated a large government bailout that placed further strain on the budget.
Although the 1987 stock market crash and the S&L crisis were separate phenomena, they demonstrated the growing importance of financial markets—and associated public and private sector debt—to the workings of the American economy. Other causes of the early 1990s recession included moves by the U.S. Federal Reserve to raise interest rates in the late 1980s and Iraq's invasion of Kuwait in the summer of 1990. The latter drove up the world price of oil, decreased consumer confidence, and exacerbated the downturn that was already underway.
Although the National Bureau of Economic Research has concluded that the early 1990s recession lasted just eight months, conditions improved slowly thereafter, with unemployment reaching almost 8% as late as June 1992. The sluggish recovery was a key factor in George H.W. Bush's defeat for re-election to the U.S. presidency in November 1992.
That all being said, you don't quit just because you had four "failures, which BTW is 0.00001143 of a percent, of the 3500+ business he has had in his lifetime, not even close to 1 percent. If you were to loan money (which banks, lenders, etc do is to make money) would you take your chances on Donald Trump or one of us little peons, I do believe I would go Trump.
Do you win every time, of course not, do you quit, absolutely not. In the long run The Donald is a WINNER.
4 failures?
Try 6
He runs up debt and then he defaults. Shareholders and contractors (small businesses) completely wiped out. You try Cherie but for you it's nothing but fail after fail in your defense of him. Carry on I find it rather amusing.
Quote:
Bankruptcy No. 1: The Trump Taj Mahal, 1991
Trump’s first bankruptcy may have hit the businessman, personally, the hardest, according to news reports.
He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, N.J., which opened in 1990, primarily with junk bonds at a whopping 14 percent interest. A year later, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities.
Quote:
Bankruptcy No. 2: Trump Castle, 1992
Within a year of his first Chapter 11 filing, Trump found himself in bankruptcy court again for Trump Castle, which opened in 1985. Trump gave up his 50 percent share in the casino for lower interest rates on $338 million worth of bonds.
Quote:
Bankruptcy No. 3: Trump Plaza and Casino, 1992
The Trump Plaza Hotel and Casino in Atlantic City, which opened in 1984, declared bankruptcy at the same time as the Castle. A $210 million joint project of Trump’s and Harrah’s, the casino had racked up $250 million in debt by 1992, after a staggering 80 percent decline in cash flow.
Quote:
Bankruptcy No. 4: Plaza Hotel, 1992
Later that year, Trump filed bankruptcy on another Plaza, this one in New York. Trump purchased the Plaza Hotel in Midtown Manhattan for $390 million in 1988, but it accumulated more than $550 million in debt by 1992. In December 1992, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News.
Quote:
Bankruptcy No. 5: Trump Hotels and Casinos Resorts, 2004
Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City, and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 percent to 27 percent
Quote:
Bankruptcy No. 6: Trump Entertainment Resorts, 2009
Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News.
Trump resigned as the company’s chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trump’s name in licensing.
God help us all if you call this abysmal record a success...
Trump received the approvals he needed for the Taj, but the prime-rate loans never materialized. Determined to move forward, he turned to the very junk bonds he had derided in the hearing. He agreed to pay the bond lenders 14 percent interest, roughly 50 percent more than he had projected, to raise $675 million.
It was the biggest gamble of his career. In April 1990, the Taj opened as the world’s largest casino-hotel complex, joining Trump’s other holdings already operating in Atlantic City, the Trump Plaza and Trump’s Castle. But Trump could not keep pace with his debts on the three casinos.
Six months later, the Taj defaulted on interest payments to bondholders as his finances went into a tailspin. In July 1991, Trump’s Taj Mahal filed for bankruptcy, the first and most significant of the four that his companies have experienced.
I rest my case.
What is your "case", Sissy Chap? All you've done is cut and paste an event most people who have followed Trump's career already know about. Either make an intelligent "case" or admit this is completely over your head.
He runs up debt and then he defaults. Shareholders and contractors (small businesses) completely wiped out. You try Cherie but for you it's nothing but fail after fail in your defense of him. Carry on I find it rather amusing.
[/B]
God help us all if you call this abysmal record a success...
How many government programs you liberals support would be bankrupt today if they had to play by the same rules as Trump? Just for starters, there's Amtrak, USPS, Obamacare, the Defense Department, and many more. All those business ventures of Trump's would still be going if he could print his own money. Trump understands risk. He understands return on investment. He knows when a project has outlived its usefulness. He knows when to quit throwing good money after bad. So six of his businesses have gone belly up. How many businesses has he started that have been successful? He also knows when a project is going to take off and perform as projected. These are the very qualities WE NEED in government right now. People like you will continue to throw money at failed programs long after they've outlived their usefulness. As a business, government is the greatest failure of all time. As a businessman, Trump is one of the most successful.
He runs up debt and then he defaults. Shareholders and contractors (small businesses) completely wiped out. You try Cherie but for you it's nothing but fail after fail in your defense of him. Carry on I find it rather amusing.
[/B]
God help us all if you call this abysmal record a success...
Now in all fairness Drump did say he could erase our debt. He does have experience in that department. We could file bankruptcy! LOL.
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