Wednesday, November 21, 2018

Business Failure; Failure as President: Constant Effort to be T*RU*mp-in-Charge

The Trump name being removed in 2014 from the facade of
the Trump Plaza casino in Atlantic City, which had gone 
out of business. [Photo Credit: Mark Makela / Reuters]

I note: RU are the first two letters in spelling Russia. Ironic they still stand while Trump is being taken down – simple analogy and maybe good metaphor, too? (But, I leave that to history). 

Now post for today is absolutely an excellent article from Michelle Goldberg at the NY TIMES –

Now we wait for Trump to once again call it “Fake News” from the “failing NY Times” – his shield against any criticism and truth about him – in short, he cannot accept failure or honestly or anything except being 1st place center stage in the limelight and Goldberg nails that point precisely and I say with great concern: “America: We've been had, bigly.”

Enjoy the article – the introduction is here:

“Donald Trump has failed at most things he’s tried to do in life, with the crucial exception of selling himself as a success.”

“Consider his business record over the past thirty years. In 1988, he bought Manhattan’s Plaza Hotel for over $400 million — at the time an unprecedented sum for a hotel, according to The New York Times. A few years later it was in bankruptcy protection. His casino company went bust, dragging the economy of Atlantic City down with it. Trump Airlines failed; the president defaulted on the loans he took out to buy it. Trump University was a con; he settled a lawsuit over it for $25 million.”

“But as a self-marketer, Trump is peerless. He convinced people that he was a self-made tycoon despite receiving at least $413 million in today’s dollars from his father, much of it, as The Times has reported, through legally dubious tax dodges. He was cast a paragon of business acumen on The Apprentice when most banks refused to lend to him. And then, to America’s enduring disgrace, he was able to use his fictional reality-TV persona as a steppingstone to the White House.”

Thanks for stopping by – enjoy the rest of this fine article.


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