2016 Postmortem
Related: About this forum915,729,293 is my new most favorite number
This is it y'all. The wheels have fallen off the bus. The proverbial lady of abundant size is belting out the entire Rogers & Hammerstein catalogue. The emperor has no penis.
Trump Tax Return Shows He Could Have Avoided Taxes for 18 Years: NYT
by Phil Helsel
The New York Times on Saturday published documents it said were Donald Trump's 1995 income tax returns, and the documents appear to show the businessman and GOP nominee reported a nearly $1 billion loss.
Trump declared a nearly $916 million loss on his 1995 state income tax returns according to the documents, the Times reported in an article posted online Saturday night.
An unsigned statement from the Trump campaign posted to its website late Saturday did not appear to deny or dispute a single fact in the Times story, but asserted the document was "illegally obtained."
More at link:
http://www.nbcnews.com/politics/2016-election/times-publishes-trump-95-tax-return-documents-show-nearly-1b-n658051
madaboutharry
(40,200 posts)This will demonstrate once and for all that Trump has no loyalty or concern for American society or community. He is not only an incompetent businessman, but he is an incompetent and selfish citizen.
KewlKat
(5,624 posts)so much other material that should have helped to sink him but the next discovery sunk the previous -
The Machado story has been so dominant that it overshadowed any number of stories that would be potential extinction-level events for virtually every other major party nominee in history.
There was a Newsweek expose that alleged Trump's businesses had illegal dealings in Cuba some details of which Trump's campaign manager appeared to confirm on television. There was Trump's rambling debate answer on nuclear weapons, where he seemed to announce what would be a historic shift towards a "no first use" policy only to contradict himself in the next sentence, alarming national security experts days later.
The Washington Post continued its investigation into Trump's charitable foundation. The Post has already found compelling evidence Trump previously violated the law by using the foundation to settle lawsuits against his private businesses.
All the while, an array of old comments by Trump about women over the years, from ogling and hiring a teenage waitress to promising his then-17 year old daughter he wouldn't date anyone younger than her, resurfaced in various outlets. As did a lawsuit alleging he demanded unattractive women working at one of his golf resorts be fired and replaced with prettier women.
USA Today, the country's widest circulation newspaper, broke with its 34-year policy of neutrality in the presidential race to declare Trump "unfit for the presidency." Several historically Republican newspapers endorsed Clinton outright, along with an editorial board member at the arch-conservative Wall Street Journal, Dorothy Rabinowitz.
randome
(34,845 posts)It's the fact that a "very, very successful" businessman with a "very good brain" lost nearly a billion dollars.
Donald Trump is a loser and a poser and everyone in the world is laughing at him.
[hr][font color="blue"][center]The truth doesnt always set you free.
Sometimes it builds a bigger cage around the one youre already in.[/center][/font][hr]
localroger
(3,624 posts)I've been saying for months that it takes a special kind of stupid to go bankrupt with a casino, and this just shows how bad it was. According to this article
http://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html?_r=0
it was in 1995 that Trump realized he was going to personally lose everything because he had guaranteed the loans himself. Although he shifted much of the debt to investors via the IPO this is also undoubtably the reason for the billion dollar personal loss. This is almost the same thing that happened to Steve Wynn a few years later; they both overinvested in markets that shrunk out from under them, in many cases spending vast amounts of money on ego boosting luxury items that weren't even noticeable from the floor, and finding themselves unable to make the loan payments.
Maru Kitteh
(28,333 posts)He owned the house, and lost a billion bucks? What a LOSER.