A warning for those who chance to meet a wild Trump coming home late at night, past a graveyard, all alone in a storm: Don’t bump the Trump. [With apologies to Shel Silverstein.]
It’s game on. Self-professed billionaire Donald Trump earlier snatched the campaign torch from the Republican Party by drawing in conservative America’s low-hanging fruit. Full disclosure: it’s something I proclaimed over a year ago could not be done. I was wrong! How wrong? Very, very wrong. I completely forgot to take into account Donald Trump’s tremendous business successes:
Trump has a track record of piling up his businesses with unsustainable debt, and then having them file for bankruptcy. Per CNN Money, “no major US company has filed for Chapter 11 more than Trump’s casino empire in the last 30 years.” Under Trump’s leadership, just a few years ago, his company missed a $53.1 million bond interest payment—kind of a big deal. And lest Trump try to delude anyone into thinking that these bankruptcies were all just clever corporate maneuverings with no effects for him personally, note that to pay off creditors, he has had to offload huge shareholdings, yachts, and airlines.
Can’t be true. How could Donald Trump possibly amass his celebrated fortune if he were such a failure at business? Good question:
The emerging picture is an ugly one. In Atlantic City, Mr. Trump’s casinos failed even when the rest of the town continued to thrive. Along the way, Mr. Trump used company money to pay off personally guaranteed loans, and — after the 1995 creation of the public company Trump Hotels and Casino Resorts — publicly traded funds to bail out privately held casinos. The company has filed for bankruptcy five times.
Ouch! That has got to hurt. It would appear Donald Trump is the victim of rumors spread by a bunch of losers:
But a survey of Mr. Trump’s four decades of wheeling and dealing also reveals an equally operatic record of dissembling and deception, some of it unabashedly confirmed by Mr. Trump himself, who nearly 30 years ago first extolled the business advantages of “truthful hyperbole.” Indeed, based on the mountain of court records churned out over the span of Mr. Trump’s career, it is hard to find a project he touched that did not produce allegations of broken promises, blatant lies or outright fraud.
See? “Broken promises.” “Blatant lies.” “Outright fraud.” Losers, losers. Losers everywhere.
Yeah, it’s game on. We are going to have more fun between now and November. We can be assured Donald Trump will continue to keep us entertained.
Continue reading. And may Jesus have mercy on your soul.