bripat9643
Diamond Member
- Apr 1, 2011
- 170,163
- 47,307
- 2,180
Which only proves that politicians are all scumbags. Yet, you blame the private companies they extort money from. Consumers bought the condos Trump was selling.Real Estate isn't consumer driven?During the recession, he was tapped out, but he didn't get loans from Russia.
Trump had 5 bankruptcies during his career of owning or operating over 500 companies. That''s less than one bankruptcy for every 100 businesses he was in charge of. So don't tell me he wasn't successful as a businessman. I know nothing about his father bailing him out of anything. Even if he did, so what?
And let's take this into consideration, too:
An ever-constricting ring of competition from legalized casinos in nearby states (Connecticut, 1993; Delaware, 1996; New York, 2004; Pennsylvania 2006; Maryland, 2011) choked off the supply of gamblers, leading to a decade of still-ongoing decline. Last year, Atlantic City’s gaming win was down to $2.6 billion. Since 2006, five of the city’s casinos have closed. This morning, the Taj made it six.
Donald Trump wasn't the only one who made a bad bet on Atlantic City
I couldn't get the story because they want money. They only allow you to view three of their articles a year, but I get the point from the headline.
Show me one business person that was successful with every investment they ever made. When you operate as many as Trump did and have failures, it's simply the nature of business--not an indication of failure. They tried to make the same claim with Romney when he was running for Prez. Romney too was a very successful businessman.
There is a pattern to Trump's failures. He has failed at every business that is consumer driven. You cannot pay off politicians to be successful in consumer driven businesses. Trump is a con-artist and being a developer requires exactly that.
You don't go to Walmart for a 50 story building. Being a developer means that you have to pay certain people off and generally be a good con artist. Trump is a very good con man.