Hillary -Who Lost $6 Billion of YOUR MONEY at State Dept- Bashes Trump for Losing $1 Billion of HIS

[Penelope]

What we know is that Trumps invests in people and places.

It's not investing in people when you refuse to pay them what you promised to pay.

If Trump consistently refused to pay people, then why would anyone do business with him? He has 34,000 employees. Is he cheating all on their paychecks?

His audacious personality and opulent properties brought attention — and countless players — to Atlantic City as it sought to overtake Las Vegas as the country’s gambling capital. But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump’s casino business was a protracted failure. Though he now says his casinos were overtaken by the same tidal wave that eventually slammed this seaside city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing.

But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.

In three interviews with The Times since late April, Mr. Trump acknowledged in general terms that high debt and lagging revenues had plagued his casinos. He did not recall details about some issues, but did not question The Times’s findings. He repeatedly emphasized that what really mattered about his time in Atlantic City was that he had made a lot of money there.

Mr. Trump assembled his casino empire by borrowing money at such high interest rates — after telling regulators he would not — that the businesses had almost no chance to succeed.

http://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0

 

[Dragonlady]

Hillary really shows Trump how to do it. Making thousands in cattle futures just by reading the newspaper. Leaving the WH broke and now they are one of the 1 percent owning at least two mansions. Yeppers Hillary really knows how to generate money without working a real job in 30 years.

Hillary -Who Lost $6 Billion of YOUR MONEY at State Dept- Bashes Trump for Losing $1 Billion of HIS MONEY in Business

Hillary Clinton lost $6 billion of tax payer dollars while she was head of the State Department.
Which loss hurt you more?

More… And Hypocrite Hillary Clinton used the same tax avoidance law as Trump to save money on her taxes.

Except that Hillary didn't lose $6 billion of taxpayer's money. The State Department was unable to locate the contracts for work done for the State Department from 2008 to 2014. It was sloppy bookwork, but no money was lost. As usual, anything that involves Clinton is twisted to show her in the worst possible light, so that even half-truths end up at "pants on fire" lies after idiots like you accept the lies unquestioned.

Fact check everything. Believe nothing you read.

 

[Dragonlady]

He didn't lose money because he was "careless." He lost money because the casino business in Atlantic city went into the toilet.

So, using junk bonds and going well over costs had nothing to do with it, eh? You must be one of those onion news types everyone was telling me about earlier this evening.

I suppose you have some evidence to back this claim?

Purely a rhetorical question.

There's lots of evidence to back up the claim. Google Trump';s bankruptcies and find it. Lord knows you have nothing but time on your hands to do your own research.

 

[bripat9643]

He didn't lose money because he was "careless." He lost money because the casino business in Atlantic city went into the toilet.

So, using junk bonds and going well over costs had nothing to do with it, eh? You must be one of those onion news types everyone was telling me about earlier this evening.

I suppose you have some evidence to back this claim?

Purely a rhetorical question.

There's lots of evidence to back up the claim. Google Trump';s bankruptcies and find it. Lord knows you have nothing but time on your hands to do your own research.

I'll take that to mean you can't produce a shred of evidence to support it.

 

[TooTall]

Well, if he's that careless with his own money, just imagine what he'd do with yours.

Trump only lost a billion of his own money. Hillary, as Sec of State lost 6 billion of the taxpayers money. Just imagine how much more she could lose as President

 

[SwimExpert]

What we know is that Trumps invests in people and places.

It's not investing in people when you refuse to pay them what you promised to pay.

If Trump consistently refused to pay people, then why would anyone do business with him? He has 34,000 employees. Is he cheating all on their paychecks?

His audacious personality and opulent properties brought attention — and countless players — to Atlantic City as it sought to overtake Las Vegas as the country’s gambling capital. But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump’s casino business was a protracted failure. Though he now says his casinos were overtaken by the same tidal wave that eventually slammed this seaside city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing.

But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.

In three interviews with The Times since late April, Mr. Trump acknowledged in general terms that high debt and lagging revenues had plagued his casinos. He did not recall details about some issues, but did not question The Times’s findings. He repeatedly emphasized that what really mattered about his time in Atlantic City was that he had made a lot of money there.

Mr. Trump assembled his casino empire by borrowing money at such high interest rates — after telling regulators he would not — that the businesses had almost no chance to succeed.

http://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0

Oh, you misunderstand. Bripat was just rhetorating. He didn't really want an answer. Though I'm not quite sure exactly what he was rhetorating, except maybe that he's a fucking idiot who doesn't have the first clue what is going on around here these past 20 years.

 

[TooTall]

I knew I remeber this one:

Pants on Fire: Trump lawyer accuses Clinton of murder

"Some have concluded based on this that $6 billion is missing. The alert, however, did not draw that conclusion," he wrote. "Instead, it found that the failure to adequately maintain contract files — documents necessary to ensure the full accounting of U.S. tax dollars — ‘creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.’ "

In other words, the State Department was terrible at paperwork. The $6 billion figure refers to the total amount affected by file mismanagement. It’s akin to spending $20 on lunch and losing or not asking for a receipt. Documentation over where that $20 went was lost, but not the $20 itself.

So the State Department under Clinton, who wasn’t mentioned in the alert, may have been financially disorganized, but it didn’t "lose" $6 billion.

Like the trillions that Rumsfeld said the defense dept lost.

LINK!

 

[ColonelAngus]

Hillary really shows Trump how to do it. Making thousands in cattle futures just by reading the newspaper. Leaving the WH broke and now they are one of the 1 percent owning at least two mansions. Yeppers Hillary really knows how to generate money without working a real job in 30 years.

Hillary -Who Lost $6 Billion of YOUR MONEY at State Dept- Bashes Trump for Losing $1 Billion of HIS MONEY in Business

Hillary Clinton lost $6 billion of tax payer dollars while she was head of the State Department.
Which loss hurt you more?

More… And Hypocrite Hillary Clinton used the same tax avoidance law as Trump to save money on her taxes.

Exactly. However, this reality is lost on many of the bubble head liberal sheep.

 

[SwimExpert]

I knew I remeber this one:

Pants on Fire: Trump lawyer accuses Clinton of murder

"Some have concluded based on this that $6 billion is missing. The alert, however, did not draw that conclusion," he wrote. "Instead, it found that the failure to adequately maintain contract files — documents necessary to ensure the full accounting of U.S. tax dollars — ‘creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.’ "

In other words, the State Department was terrible at paperwork. The $6 billion figure refers to the total amount affected by file mismanagement. It’s akin to spending $20 on lunch and losing or not asking for a receipt. Documentation over where that $20 went was lost, but not the $20 itself.

So the State Department under Clinton, who wasn’t mentioned in the alert, may have been financially disorganized, but it didn’t "lose" $6 billion.

Like the trillions that Rumsfeld said the defense dept lost.

LINK!

"According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.

The War On Waste

 

[tinydancer]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

 

[NYcarbineer]

She didn't lose the money.

 

[NYcarbineer]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

Prove them wrong.

 

[Steve_McGarrett]

She didn't lose the money.

Where is it?

 

[CowboyTed]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

Have you any actual proof that Poltifact lies.... This is the bullshit you are left to try and spin...

 

[SwimExpert]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

Have you any actual proof that Poltifact lies.... This is the bullshit you are left to try and spin...

This is where onions come in, yes?

 

[bripat9643]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

Prove them wrong.

That's not how it works, bonehead. You prove they are right.

 

[NYcarbineer]

She didn't lose the money.

Where is it?

"Some have concluded based on this that $6 billion is missing. The alert, however, did not draw that conclusion," he wrote. "Instead, it found that the failure to adequately maintain contract files — documents necessary to ensure the full accounting of U.S. tax dollars — ‘creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.’ "

Pants on Fire: Trump lawyer accuses Clinton of murder

 

[NYcarbineer]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

Prove them wrong.

That's not how it works, bonehead. You prove they are right.

They prove themselves right with evidence. Where's your evidence they're wrong?

 

[TooTall]

I knew I remeber this one:

Pants on Fire: Trump lawyer accuses Clinton of murder

"Some have concluded based on this that $6 billion is missing. The alert, however, did not draw that conclusion," he wrote. "Instead, it found that the failure to adequately maintain contract files — documents necessary to ensure the full accounting of U.S. tax dollars — ‘creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.’ "

In other words, the State Department was terrible at paperwork. The $6 billion figure refers to the total amount affected by file mismanagement. It’s akin to spending $20 on lunch and losing or not asking for a receipt. Documentation over where that $20 went was lost, but not the $20 itself.

So the State Department under Clinton, who wasn’t mentioned in the alert, may have been financially disorganized, but it didn’t "lose" $6 billion.

Like the trillions that Rumsfeld said the defense dept lost.

LINK!

"According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.

The War On Waste

On edit: Thanks for the link Swim Expert. Most of the time that request is ignored.

CBS Debunked

Single Sentence Debunking

The money was not missing, just not properly tracked, and they eventually sorted out how it was spent, and what they got for it.

Truth behind the quote?

As it stands the quote was true. But $2.3 trillion was never missing. The interpretation of the quote does of course have some grain of truth in it. Millions, maybe even billions of dollars "go missing" after a fashion due to accounting discrepancies - and perhaps even some illegal actions. But it certainly is not $2,300 Billion.

Debunked: Rumsfeld says $2.3 Trillion missing from the Pentagon

 

[bripat9643]

Stop with the Politifact bullshit. Politifact shares a major donor with the Clinton Foundation.



So much for unbiased fact checking.

Prove them wrong.

That's not how it works, bonehead. You prove they are right.

They prove themselves right with evidence. Where's your evidence they're wrong?

No they don't. The prove themselves to be full of shit.

I've already debunked their so-called "fact checking" and so have several others.