Donald Trump's Terrible, Horrible, No Good, Very Bad Day

[StarfishSaver]

Trump can tolerate and even revels in all manner of criticism.

But one thing he cannot stand is to be laughed at or mocked as a nothing, especially when it comes to his financial worth, which he sees as the only real proof of his manhood.

Today, he's being laughed at and mocked up one side and down the other after it was revealed to the world that the Little Emperor not only has no clothes, he's also a financial eunuch.

This one's gonna leave a mark.

[jcgoldie]

1. You're right

That's why his immediate reaction is it was a "sport." He's saying he's a cheater not a loser. Unfortunately most of his followers are so anti-government after ten years of tea party bullshit that they celebrate cheating the IRS.

[StarfishSaver]

4. And you are right, as well!

:fist bump:

[Lars39]

2. "...that the Little Emperor not only has no clothes, he's also a financial eunuch."

Excellent description!

[calimary]

13. I always figured that's why he wears such LOOOOOONNNNNG neckties.

[Lars39]

15. Me, too.

[brush]

31. He's probably below being broke even. If you have 1m but owe 2m you're in negative...

territory. With all those hotels and golf courses, there's got to be money owed to someone. I don't think he paid cash. Someone...er, ah Russian oligarch...fronted him the money. And we all know those oligarchs are controled by Pootie, thus trump is controlled by Pootie.

But most of us here knew that much already.

[Laffy Kat]

36. Right, I'm going to steal that one.

I just hope I can remember it, LOL.

[donkeypoofed]

3. Financial Eunuch! lol. Solid Burn.

That's hilarious! Thanks for making me laugh. Between this and some DoDo videos (animals) that DU'ers post links to here, it'll help keep me sane today. I worry for democracy.

[lagomorph777]

7. +1 Financial Eunuch may be his new name.

[pandr32]

11. It should be!

[calimary]

14. Should be said, Read, and SPREAD.

[Cartoonist]

5. This means nothing

Lots of posts here lately celebrating the news. I don't think it will change anything. America already knew he was a serial bankruptcy filer. He's still a racist, and that's all that matters to repubs.

[aggiesal]

18. But, they voted for him because he's a "Good Businessman" ...

This should put them in their place. NOT!

[Magoo48]

28. I don't think so.

They voted him in because he hates like they hate.

[rusty fender]

32. Exactly!

They use the line, “great business man,” as their reason for voting for him.

[aggiesal]

33. That's how they feel ...

What they say, is that they voted because we need
a businessman to run our country.

I believe we are both correct!

[Magoo48]

41. Yes🧐

[Honeycombe8]

25. True. He'll say that using losses to offset revenue is big bizness..he IS very rich.

He would be right, generally speaking. It's not unusual for investors to use losses and such to offset taxes. The tax code was written for guys like that.

However, I think it's unusual for this to be the case EVERY year, for several years. That seems to indicate someone who's not good at business, to have that much in losses.

But no matter what, his followers are dug in. They're invested in him. Whatever he says, no matter how obviously silly or false, is enough for them to hang their MAGA caps on.

It's at the point where what he says isn't an explanation so much as it is a code to his followers of what he wants THEM to say in response to criticism of Trump. Like Cohen said, Trump gives codes more than he really talks like a normal person.

[HopeAgain]

6. Talking about him losing money, not the crimes he committed...

What Mueller report? It really hasn't been such a bad day for him.

[lagomorph777]

8. He just admitted to tax fraud. That just adds another crime to the pile.

Not a happy day at all for President Turd.

[Honeycombe8]

26. No, he didn't. That's the tax code.

You can use losses of other properties, or from other years, to offset your income in the current year.

But I would bet a bundle that there IS fraud in there...Cohen said Trump would give false values of properties, for instance, for tax purposes. That's fraud.

[lagomorph777]

37. Inflated value on bank forms; deflated value on tax forms.

At least one of those is fraud.

[Honeycombe8]

38. If it can be proven, yes. But on the face of the return...no.

Not paying any tax by using losses or whatever was used, is legal. You'd have to audit it, and prove that parts of it were based on lies.

[StarfishSaver]

44. Michael Cohen testified that he deflated assets and earnings for taxes

and inflated them for loans.

Either way, it's fraud and a crime.

And it can be easily proven since any discrepancy is evidence that one or both are false.

[2naSalit]

9. I have my seatbelt fastened and my plastic poncho handy! ...nt

[Lifelong Protester]

48. I have my passport ready.

[2naSalit]

50. That too!

[Brainstormy]

10. I think so too

The Trumpsters will find this MUCH worse than his shooting someone on 5th Avenue.

[33taw]

12. The trumpsters don't care what he does or his financial worth. None of it matters to them.

They don’t care if he is religious - he is the savior.

There is nothing he can do or fail to do that will matter to them.

[calimary]

17. True enough. And I think I understand why.

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=12081194

[Bernardo de La Paz]

22. Rich man

[shanny]

27. THIS

[sop]

47. The only thing Trumpsters would find MUCH worse

is if Trump changed his views on race, immigration and guns.

[aggiesal]

16. They had to take his twitter machine away from him today ...

He might type something incriminating, ... on the record, ... again!

[3catwoman3]

19. Financial Eunuch. F.E.

Most excellent!

That can be his new middle initials - Donald F.E.Trump

[dchill]

30. Or, Donald Trump BS, FE.

[3catwoman3]

34. Ooh, i like yours...

...even better!

I always get a chuckle out of the explanation of the “real” meaning of bachelor, master and doctoral degrees:

BS - Bull Shit
MS - More Shit
PhD - Piled Higher and Deeper

[dchill]

35. Don't tell me those aren't the real meanings!

[Jarqui]

20. He doesn't want it known because it explains how exposed he was

to the Russians taking control of him and provides a motive.

Donald Trump and the mansion that no one wanted. Then came a Russian fertilizer king
https://www.miamiherald.com/news/business/article135187364.html

Donald Trump stands in front of 515 N. County Rd., the estate he bought at auction for about $41 million, renovated and then sold in 2008 at a recorded $95 million

Trump saw what they did to Manafort and Cohen with their financial records - nailed them and put them in prison. His financial records will do the same thing because you can't play semantics with numbers. You can lie, cheat, defraud, etc with numbers. But a lot of that goes away when you have the real records and it becomes very hard to defend as Manafort and Cohen found out.

These 1985-1995 $2 billion in losses may well be overstated for tax evasion reasons. People with money will throw money into a losing entity to take on paper losses that can save them taxes in their holding company for example. Cohen testified that they would do one thing with their financial numbers (inflate) to get loans (bank fraud) and another to avoid taxes (deflate for tax evasion).

If they get into his financial records, I think he's finished.

I still feel like the GOP are playing us. They know how the chips are going to fall. It's all about timing for the 2020 election and making it look like someone else took him out to their base. Or, if he survives playing all the stall tactics, they can primary him or run a third candidate. The GOP have cheated or tried to cheat nearly every key election of my lifetime. I don't think they're going to do any differently this time around.

[Pepsidog]

21. Biden a career politician was so broke Obama offered to loan him money to prevent Joe

from losing his home. Biden can wear his financial condition as a point of pride He is just like the most of us working to keep afloat. What a stark contrast to Trump the Clown. Born with a golden spoon everything he touches turns to shit

[StarfishSaver]

24. Where did you hear that?

[Pepsidog]

39. I just fact checked my own post. In an interview with CNN some time ago, Biden

told the story of Obama offering to help him financially when Obama learned Biden was considered selling his home to help his dying son Beau support his family. Beau was considering resigning as Delaware’s AG for health concern. Obama told him not to sell the house and that he would help him out. Biden considers it one of his most memorable moments during his time with Obama. Shows what a truly decent both men are.

[StarfishSaver]

43. Nice

Thanks for looking up the details!

[oasis]

45. That was a beautiful gesture on Obama's part. nt

[marlakay]

42. He's doing fine now

Just bought a 2.7 million dollar vacation home with money from the books they both wrote.

He deserves a treat after all he has been through but he’s financially okay!

[themaguffin]

23. I wish I could believe that. No progress on Muiller Report/Impeachment Hearings Good day for him

[RicROC]

29. Businessman for President?

If I hear one more voter say they want a 'businessman' for President, I will scream! Trump is what these high roller 'businessmen' do...they cook the books and claim they are using legitimate legal practices.

Also, these Banana Republicans (love that phrase I heard on MSNBC) know what trouble Trump is in financially because they do the same things themselves but on a lesser scale. 'Businessman' know only how to make money for themselves and their friends. Trickle down Economics means for them that at any chance they can, they make the cup larger so there is no trickle down. And then for extra insurance, they create a large saucer underneath that cup to catch any drop.

How about that Chris Collins (NY-25) who is indicted for Insider Trading? He can still somehow weasel out of that charge, and in his district, a dead skunk can run on the ballot, which would beat any good and moral Democrat.
(Unless Nate McMurray keeps up his positive campaign so that people see what a fine man he is. Nate could do it!)

[Stinky The Clown]

40. Rec for "financial eunuch"

[Scurrilous]

46. K&R

[czarjak]

49. That "I'm an Evangelical" thing is on solid ground though.

[MadLinguist]

51. My guess is the the POS POTUS will be siccing his top IRS goons

Charles P. Rettig and Michael J. Desmond (IRS Commissioner and IRS Chief Counsel) on the entire IRS work staff to find the whistle-blower source of the Times report. If so, my hope is that such skullduggery will embolden other whistle-blowers to dish out more.

As damning as the NY Times' October 2018 report on the Trump family's long history of money-laundering and sundry types of fraud, it did not quite shred the Donald quite as finely as this one does.

That said, the October report is SUCH a great read that I bought a print copy that day and have it displayed in my office.
Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father
By DAVID BARSTOW, SUSANNE CRAIG and RUSS BUETTNER
Oct. 2, 2018
[link:https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html|
Lovely reading