Discussion»Statements»Rosie's Corner» "Scaramucci is just like Donald Trump. A self-made man". NO!. Donald was born to wealth. There is ZERO self-made about him. Is there?
What I don't get is WHY? Many of them are either already billionaires or very wealthy Zack. They don't need Doofus Donny to live a privileged fancydancy lifestsyle. Why ruin whatever reputations they have? I do not get it. I can see using the Doofus to get rich. But if you're already rich what is he gonna do for you that's good? Thank you for your reply and Happy Sunday! :)
Just saying but Trump has had his business ventures declared bankrupt a few times, he has also been bailed out by his dad and many of even his current golf ventures are said to be over-estimated in terms of their worth and profit. I am saying objectively here that the picture is not quite so clear cut in terms of his business success.
Many people have failed business ventures in the past. My husband and I had a business before our current business. Does that mean we are failures? We had one fail and one that is successful.
He also OWES billions of dollar m2c. A balance sheet is not only assets. A balance sheet consists of liabilities as well and when you reduce assets by liabilities you get net worth. No one knows what The Donald's net worth is because he refuses to release his tax returns. He is TERRIFIED that we will find out about all his shady dealings and what he is REALLY worth. That's why he will fire Mueller. He cannot withstand scrutiny of his financial dealings, some of which may well be criminal. Of course you discount everything that might taint him so I understand why you always answer as you do. It is an automatic reaction to defend him even though you don't know what it is you're defending. No one does. Thank you for your reply and Happy Sunday to thee! :)
He turned it into billions? Is that what you tell yourself? Oh please.
n March 2011 Forbes estimated Donald Trump's net worth to be $2.7 billion, with a $60 million salary. Many praise and analyze his “success” as if it were self-made, and they fail to attribute the proper credit to others in society where it is deserved. Despite what Trump may espouse, his success would have been in no way possible without his father, the general public, and the US government. Unfortunately, Trump decided to forget or selectively ignore these truths while forming his political philosophy, a sentiment made particularly clear during his brief bid for the 2012 Republican presidential nomination.
Trump was born in New York City in 1946, the son of real estate tycoon Fred Trump. Fred Trump’s business success not only provided Donald Trump with a posh youth of private schools and economic security but eventually blessed him with an inheritance worth an estimated $40 million to $200 million. It is critical to note, however, that his father’s success, which granted Donald Trump such a great advantage, was enabled and buffered by governmental financing programs. In 1934, while struggling during the Great Depression, financing from the Federal Housing Administration (FHA) allowed Fred Trump to revive his business and begin building a multitude of homes in Brooklyn, selling at $6,000 apiece. Furthermore, throughout World War II, Fred Trump constructed FHA-backed housing for US naval personnel near major shipyards along the East Coast.
In 1974 Donald Trump became president of his father’s organization. During the 15 years following his ascension, he expanded and innovated the corporation, buying and branding buildings, golf courses, hotels, casinos, and other recreational facilities. In 1980 he established The Trump Organization to oversee all of his real estate operations.
Trump eventually found himself in serious financial trouble. In 1990, due to excessive leveraging, The Trump Organization revealed that it was $5 billion in debt ($8.8 billion by some estimates), with $1 billion personally guaranteed by Trump himself. The survival of the company was made possible only by a bailout pact agreed upon in August of that same year by some 70 banks, allowing Trump to defer on nearly $1 billion in debt, as well as to take out second and third mortgages on almost all of his properties. If it were not for the collective effort of all banks and parties involved in that 1990 deal, Trump’s business would have gone bankrupt and failed.
In 1995 Trump took Trump Hotels & Casino Resorts Inc. public and received a substantial financial boost from society and the Securities and Exchange Commission (SEC) regulations that enable the market to function. He initially sold 10 million shares at $14 per share and then in 1996 sold 13.25 million shares at $32.50 a share. This initial public offering granted Trump’s company a stability and legitimacy that would have been impossible without millions of people around the world trusting his organization and investing with the hope of shared success.
Despite the clear societal and governmental assistance described above, Trump continues to be outspoken in his criticism of government. In his book The America We Deserve, Trump explains that “the greatest threat to the American Dream is the idea that dreamers need close government scrutiny and control. Job one for us is to make sure the public sector does a limited job, and no more.” This quote proves to be particularly ironic when considering Trump’s feelings about eminent domain laws. He was quoted as saying, “I happen to agree with it 100 percent” when speaking of the 2005 Supreme Court decision on Kolo v. New London, which affirmed the government’s ability to transfer land from one private owner to another for the purpose of economic development in the area. In fact, Trump attempted to take advantage of eminent domain laws on multiple occasions, once even demanding that an elderly widow give up her home so that he could build a limousine parking lot.
Perhaps more disturbing than his hypocritical condemnation of the government is his failure to acknowledge anyone’s contributions, save his own, in the creation of his success. At the 2011 Conservative Political Action Conference, Trump made clear his feelings on the creation of his wealth: “Over the years I’ve participated in many battles and have really almost come out very, very victorious every single time. I’ve beaten many people and companies, and I’ve won many wars. I have fairly but intelligently earned many billions of dollars, which in a sense was both a scorecard and acknowledgment of my abilities.” Furthermore, Trump apparently sees no benefit in supporting taxes to maintain institutions such as the Securities and Exchange Commission to regulate the stock market, in which he publicly trades his company, or the court system, which actively protects his property rights: “We are the highest taxed nation—I would tax foreign countries that are ripping off the US and lower taxes for Americans.”
From the moment of his birth, Trump was set up for success. The large inheritance left to him by his father, coupled with the contributions and the protections of society and the US government made his ascension to the Forbes 400 list almost inevitable. Nevertheless, Trump fails to recognize this phenomenon and continues to express his belief that he did it alone.
My poor ol' mother loaned me a small down payment to buy a building for my business many years ago. She made a difference in my future. The Donald got the same kind of deal, but expanded it many times. What a great deal! He's a billionaire.
How do you KNOW that bh? Because The Donald says so? How many billions of dollars in loans does he OWE? Anyone know? Mueller would find out except that The Donald is so terrified of the American people finding out about his various business dealings he is trying to sabotage Mueller and will fire him if that's the only way he can protect himself. He is protecting something very sinister. If he had nothing to hide he wouldn't have fired Comey. You and others defend The Donald but you have no idea what he is hiding or what he really is. You are defending a cipher/a TV celebrity/a facade. One day with luck you will find out what it is you have been defending. Right now? You are doing it on faith and you don't have a clue. Neither does anyone else. Thank you for your reply and Happy Sunday! :)
In more recent years, tRump continues to buy control of golf resorts. He is getting the money from somewhere. I just figured it out! He got that money from Putin. Yeah, that's the ticket! Somebody call CNN.
Nonsense. He turned a few million into billions. A few million is nothing in the greater scheme of things. Most people would be completely incapable of building a business of the size Trump has. They would have run it into the ground.
Why can't you just acknowledge that he's extremely talented?
The right have no problem acknowledging the achievements of left wing politicians. To the right, wisdom and moral integrity is what qualifies a person to lead. So we don't feel we are giving any ground by acknowledging our enemy is talented (because talented people are often scum, just like untalented people.)
The left have a need to belittle as if acknowledging talent is admitting that someone is a good leader. It's so weird.
He has also run many a business into the ground.. and arguably is still doing so. The picture is really not quite as plain sailing as some believe.
If one takes the time to look into this there are many, many questions surrounding Trump's business acumen and his dealings. The airline he bought that was thriving but under his care went bust? The casino's he bought that were vastly overpriced.. and even the golf venues... Here's just one of many articles...
Oh but this will never be seen or accepted by the Trumpeters.. It will all be dismissed as leftist or fake news.. lol that gets kinda tired.. a catch all excuse for failing to recognise what's before them.
Business is never plain sailing, for anyone. Everyone in business makes mistakes. To avoid doing so you'd need to be clairvoyant. He has about 99% success rate.
"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." Theodore Roosevelt
Self made or not, Scaramucci is just a smoother talking version of Trump, complete with immorality, dishonesty, narcissism and an obsession with power. If the man mentioned how much he loved Trump any more at his press conference yesterday, I figured the two of them would have to go get a room.
It was quite disgusting. This unctuous sycophantic regurgitating of praise from a guy who badmouthed Trump, contributed to Dem campaigns, supported gay marriage and abortion. Well the quality of the people who are willing to or want to work for The Doofus leaves a lot to be desired. None of them have any integrity or they couldn't possibly want to associate with Doofus Donny let alone work for the guy. Thank you for your reply LO and Happy Sunday! :)
Zack 