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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