Trump 1988 Interview

[Sunni Man]

Trump has never changed his stance on the economy and how to fix it. ......

 

[Penelope]

1988, we were on the end of a developed country at that time, except for the internet. The internet helped the 90's and then the Iraq war and here we are. Not much has changed except advances in medicine and tech.

Wonder how he amassed such a huge fortune, he was very unhappy with the Reagan tax hikes.
His Dad really made a killing in the development in NY after WWII.

 

[Penelope]

Listen to mark 6, where he is against the high income tax cut to 25%, although he wants to cut it to 25% now.

 

[Pete7469]

Dump has been on both sides of every issue. He has profited of the crony corruptocracy billionaires like him created. He is little more than the world's richest professional clown.

 

[Penelope]

His IPO and then its bust:

Trump Hotels & Casino Resorts lost money every single year that Trump ran it as a public company. Net losses of $13 million in 1995 ballooned to $134 million by 1999, and $191 million in 2004. Not even his chosen accounting firm, Arthur Andersen (of Enron fame), could have hidden all the red ink. In total, from 1995 through 2004, the company booked total losses of $647 million.

Trump had complete control — both as the chairman and as the owner of a special class of stock that carried many more votes than those he sold to the public. He even gave the company his initials, DJT, as its stock ticker symbol.

Its debts mounted, the stock collapsed — and in the end, the creditors had had enough. The courts stepped in, the company had to go through a Chapter 11 bankruptcy reorganization, and The Donald ended up with a largely ceremonial role — sort of like the guy in the costume welcoming you to Caesar’s Palace. By April 2004, someone who had invested a notional $100 in the IPO was left with about $10.

Donald Trump was a stock market disaster