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 failed to take into account Donald Trump’s fantastic business acumen:
Donald Trump often boasts on the presidential campaign trail that hardball tactics helped make him a successful businessman, an approach many voters say they admire. Those tactics have also left behind bitter tales among business owners who say he shortchanged them.
A review of court filings from jurisdictions in 33 states, along with interviews with business people, real-estate executives and others, shows a pattern over Mr. Trump’s 40-year career of his sometimes refusing to pay what some business owners said Trump companies owed them.
A chandelier shop, a curtain maker, a lawyer and others have said Mr. Trump’s companies agreed to buy goods and services, then reneged when some or all were delivered.
Larry Walters, whose Las Vegas drapery factory supplied Mr. Trump’s hotel there eight years ago, said the developer, Trump Ruffin, wouldn’t pay for additional work it demanded beyond the original contract. When Mr. Walters then refused to turn over some fabric, sheriff’s deputies burst into his factory after Trump Ruffin sued him. Trucks took the fabric away.
All right! So much for a bunch of sore losers. What does the real record show? Start with the silly meme at the top of this post. To enable search engines to find it I’m providing a transcript:
So remind me again, what makes him such a winner?
Since this blog is titled Skeptical Analysis, let’s dissect each of these points:
Echoes of Trump Shuttle reverberate in the Trump presidential campaign. He bashed his rivals with scant justification, grabbed media attention with flash and dazzle, and relied on gut instinct to pursue strategies that flouted industry norms.
But while Trump broke into the shuttle business with typical bravado and brand mastery, he was brought low by a series of missteps and a softening economy. His lack of expertise in East Coast skies took a toll, and he was forced to give up the airline after less than three years.
ATLANTIC CITY — The Trump Plaza Casino and Hotel is now closed, its windows clouded over by sea salt. Only a faint outline of the gold letters spelling out T-R-U-M-P remains visible on the exterior of what was once this city’s premier casino.
Not far away, the long-failing Trump Marina Hotel Casino was sold at a major loss five years ago and is now known as the Golden Nugget.
At the nearly deserted eastern end of the boardwalk, the Trump Taj Mahal, now under new ownership, is all that remains of the casino empire Donald J. Trump assembled here more than a quarter-century ago. Years of neglect show: The carpets are frayed and dust-coated chandeliers dangle above the few customers there to play the penny slot machines.
Donald Trump married the Czechoslovakia-native Ivana in 1977. A former model, the new Mrs. Trump joined her husband in his real estate development business and eventually held executive positions at the Plaza Hotel and Trump’s Castle Hotel and Casino. The couple became prominent in New York society and had three children: Donald Jr., Ivanka and Eric.
In the 1990s, rumors began to swirl that Donald Trump was having an affair with model Marla Maples, a Georgia native. Ivana separated from her husband in 1990 and eventually won a $20 million divorce settlement. She went on to become an author, fashion designer and has married – and divorced – two more times.
Trump married Maples in a lavish New York ceremony in December 1993, two months after daughter Tiffany was born. The marriage was short-lived; the couple separated in 1997 and divorced in 1999 with Maples receiving about $1 million. She has not remarried and was a recent contestant on “Dancing with the Stars.”
Trump married the former Melania Knauss in January 2005, after dating the Slovenia-born model for several years. In 2006, the couple’s son, Barron William Trump was born. Melania Trump later launched a jewelry collection and skin care line.
In the spring of 2006, the tycoon hosted a glitzy event at Trump Tower to introduce Trump Mortgage LLC, a new firm that specialized in selling residential and commercial real estate loans. He devoted a floor of the Trump Organization headquarters at 40 Wall Street to the new business. And his picture appeared atop the company website with the instruction: “Talk to My Mortgage Professionals now!”
“I think it’s a great time to start a mortgage company,” Trump told a CNBC interviewer in April 2006, adding that “the real estate market is going to be very strong for a long time to come.”
Within 18 months, as the experts’ worst fears began to pan out and home prices began to dip, Trump Mortgage closed, leaving some bills unpaid and a spotty sales record that fell short of Trump’s lofty predictions. Trump distanced himself from the firm’s demise, saying at the time that he had not been involved in the company’s management and that its executives had performed poorly.
In blunt testimony revealed on Tuesday, former managers of Trump University, the for-profit school started by Donald J. Trump, portray it as an unscrupulous business that relied on high-pressure sales tactics, employed unqualified instructors, made deceptive claims and exploited vulnerable students willing to pay tens of thousands for Mr. Trump’s insights.
One sales manager for Trump University, Ronald Schnackenberg, recounted how he was reprimanded for not pushing a financially struggling couple hard enough to sign up for a $35,000 real estate class, despite his conclusion that it would endanger their economic future. He watched with disgust, he said, as a fellow Trump University salesman persuaded the couple to purchase the class anyway.
“Trump steaks,” said Donald Trump. “Where are the steaks? Do we have steaks? We have Trump steaks.” The billionaire Republican presidential candidate was giving avictory speech in Florida in early March, after the Michigan primary. Behind him were American flags; beside him, a display table piled high with Trump-branded merchandise for sale. “We make the finest wine, as good a wine as you can get,” Trump said of the dozens of bottles of Trump wine. “I supply the water for all my places, and it’s good—but it’s very good,” he said about the shrink-wrapped cases of Trump water. Trump mentioned Trump Vodka, too. But there’s no Trump Vodka on the table for the TV cameras to zoom in on.
One week later, on St. Patrick’s Day, J. Patrick Kenny, the creator of Trump Vodka, is sitting in his New York office, sipping a Diet Coke and explaining what had gone wrong. Not even he has a bottle of the stuff left. “There used to be one here, but it’s gone,” Kenny says. “The company cratered.” Trump Vodka had problems, from distillery to bottling to finance. Even so, it would be just another celebrity’s doomed foray into liquor if it weren’t the project of a potential president. With no political résumé to speak of, the only way to evaluate the capabilities of Trump is by once again poking around in his exploits in commerce. Like his bankrupt casinos, closed college, and other dead-end brand journeys, Trump Vodka was a flamboyant exercise in failure. Trump, naturally, insists it was a triumph, though good luck finding a bottle today. Its slogan was “Success Distilled.”
“The problem with our country is we don’t manufacture anything anymore,” Donald Trump told Fox News a year ago. “The stuff that’s been sent over from China,” he complained, “falls apart after a year and a half. It’s crap.” That very same Donald Trump has his own line of clothing, and it’s made in … China. (O.K., O.K. — not all of it. Salon, which reported this intriguing, head-scratching fact, notes that some of his apparel is from Mexico and Bangladesh.)
Hillary Clinton mocked Donald Trump’s business failings in a major speech arguing that the presumptive Republican nominee would be disastrous for the economy.
“He’s written a lot of books about business. They all seem to end at Chapter 11,” Clinton quipped, adding. “He bankrupted his companies not once, not twice, but four times.”
We rated a similarly worded claim from Trump’s former primary rival Carly FiorinaMostly True, because it’s not accurate to say Trump is solely to blame. (For the record, Trump doesn’t deny the charge and instead argues it was a smart business decision.) At the time, we found four bankruptcies, but since then, we’ve found two more for a total of six. So Clinton was right that Trump bankrupted companies four times, and she could have offered a higher count as well.
Let’s go through them one by one.
And, indeed, the Politifact article does describe six bankruptcies of Trump businesses. All this puts the meme at the top of this post out of the touch-and-go company of Internet memes, which means that all this Skeptical Analysis has been just for show, and these past few lines of print I’ve been flogging a dead horse. As I remind readers, that may be true, but I am not the one who slew the animal in the first place.
Yeah, it’s game on. We are going to have more fun between now and November. We can be assured Donald Trump will never fail to entertain us.
Continue reading. And may Jesus have mercy on your soul.