Trump's bankruptcies whittle away at his reputation as a great businessman

[no_hypocrisy]

TV star and developer Donald Trump tells his Tea Party followers the nation needs a President who is a "winner, not a loser" - and he's just the guy for the job.

What he doesn't talk about is a recurring pattern of Trump companies filing for bankruptcy to dodge creditors and distance him from business failure.

-snip-

In the last 20 years, Trump's companies have sought protection from creditors to avoid financial collapse at least three times.

-more-



http://www.nydailynews.com/news/politics/2011/04/24/2011-04-24_his_hairy_finances_bankruptcies_whittle_away_trump_rep_as_great_bizman.html

[sendero]

1. I wondered..

.. when someone was going to bring this up. I've heard some try to excuse it as some sort of strategic move, but the fact is when you declare bankruptcy someone eats your debts.

Doesn't sound like a winner's strategy.

[WhiteTara]

4. if your winning strategy is win/lose

not win/win it is. He didn't eat the debts and he got to keep the comb over. A liar in the most basic sense...can't admit he is bald.

[backscatter712]

2. As Lewis Black put it, he BANKRUPTED A CASINO!!! WHERE THE HOUSE ALWAYS WINS!!!

Unless it's Trump's house.

Seems to me that you'd have to have complete and utter brain damage to mismanage a casino into bankruptcy. You've got customers literally giving you free money, pouring into the slots - how can you not make a shitload of money? Donald Trump found a way.

[Historic NY]

6. +100,000,000

[Countdown_3_2_1]

3. Walt Disney went bankrupt five times

before he hit it big.

I've filed for bk more than 10 years ago. Am I somehow unqualified from office?

I can think of a 100 better reasons not to vote for an elitist like Trump...For one, does anyone want to hand the rich even more power? Can a rich guy really tax the rich?

Trump has far greater problems under the surface...he could not survive the scrutiny of a real campaign.

[pintobean]

7. His next bankruptcy could be the USA

Nah, he's too sleazy to get elected.

[CBHagman]

5. Ah, the era of reality TV...

...where the celebrity culture is taken to extremes, and attention (to say nothing of cash) is lavished on people who, to borrow a phrase and a sentiment from Mr. Bennet in Jane Austen's Pride and Prejudice, cannot prove they have spent 10 minutes of every day in a rational manner.

And who made Mr. Dead Animal on the Head an arbiter of who's a loser and who's a winner? I've stood in puddles that weren't as shallow as this vulgarian.

On edit: DUers, speaking of reality TV culture, be sure to check out the latest Utne Reader and its cover stories on narcissism.

http://www.utne.com/daily.aspx

[Yo_Mama]

8. I was not aware Trump had a reputation as a great businessman

His reputation is rather that of a great dealmaker who is adept at keeping the profits and diverting the losses elsewhere.

On the other hand, people are so sick of the pandering to the big banks that if Trump ran with a motto of "Vote for me, I'll screw the banks!" he might get a lot of votes.

[laconicsax]

9. He went bankrupt running a casino.

I think that kinda rules out the possibility that he's "adept at keeping the profits and diverting the losses elsewhere."