Trump is a Fraud – His Business Failures
By Shlomo Maital
Look… the American people have the right to choose whichever Republican candidate they wish for President. They have every right to shout their disaffection with the incompetent, squabbling politicians in Washington who have led American astray, on both sides of the aisle. They have every right to choose Trump.
But what truly disturbs and angers me, is Trump’s lie.
He says that as a successful billionaire businessman, he can run America better than someone who worked as a community organizer in Chicago.
Wait. Successful businessman? Here is the lie. According to TIME magazine, Trump has a very very very VERY long string of business failures to his ‘credit’, after inheriting millions from his dad. Here is the list:
- Trump Airlines
- Trump Vodka
- The Bankruptcies
- The Hair
- The Marriages
- Trump Mortgage
- Trump: The Game
- The China Connection
- Trump Casinos
In his recent victory speech he displayed Trump Steaks…which went out of business in 2007. And his casinos??? The Trump Taj Mahal in Atlantic City went broke. Here is the story: (from TIME):
Donald Trump’s gambles don’t always go as planned. Especially when that gamble is gambling itself. In February 2009, Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy protection for the third time in a row — an extremely rare feat in American business. The casino company, founded in the 1980s, runs the Taj Mahal, the Trump Plaza and the Trump Marina. All three casinos are located in Atlantic City, N.J., where the gambling industry has faced a decline in tourists who prefer gambling in Pennsylvania and Connecticut instead. Trump defended himself by distancing himself from the company, though he owned 28% of its stock. “Other than the fact that it has my name on it — which I’m not thrilled about — I have nothing to do with the company,” he said. He resigned from Trump Entertainment soon after that third filing, and in August of that year he, along with an affiliate of Beal Bank Nevada, agreed to buy the company for $100 million. The company reported it emerged from bankruptcy in July 2010.
I think what Trump is doing is running for President, to enhance the brand value of his name, which he sells at exorbitant prices to legitimate businesses.
So, if you want to help Donald Trump pay for his private jet by ‘branding’ himself, vote for him.
If you want someone who really understands business – well, Bloomberg does, parlaying his $10 m. in severance pay into a multi-billion dollar business he created, but he withdrew, precisely because he did not want to pave the way for a Trump presidency.
A failed businessman defeats a highly successful one, because people just don’t seem to get it and are happy and willing to be duped.
Make America Great again? Dump Trump.