Only One Candidate Has So Many Indictments

 

Republicans Love Cutting Taxes for the Rich and Sticking It to the Middle Class

Their kindly and much-beloved #Ronald #Reagan made #SocialSecurity #incom #taxable.

 

 Trump Versus Biden Offers Voters Quite a Choice

Fred Trump Is Spinning in His Grave 

Because of Son Donald's Nonstop Losing

Fred Trump was a successful real estate developer who made his fortune constructing unadorned middle-class homes and apartment buildings in New York City and New Jersey. He took maximum advantage of President Franklin Roosevelt's efforts to jump-start the U.S. economy after Word War II. FDR created the Federal Home Adminstration. Fred Trump borrowed tens of millions of dollars in FHA loans at less than 5% interest to finance his developments. Capitalism is replete with rags-to-riches stories. Donald Trump's career is the story of a young man being gifted a $400 million real estate empire.

Donald Trump's father impressed on him that life is a zero-sum game, and nothing in life is worse than losing. Fred explained his decision to let Donald take a major role in his business after graduating college by saying,``I gave Donald free rein. He has great vision and everything he touches seems to turn to gold." 

 

That confidence in Donald must have been shaken when, in 1995, he sold New York City's Plaza Hotel at an $83 million loss seven years after purchasing it at a grossly overvalued $400 million. 

It was the highest price ever paid for a hotel at that time. He told an interviewer, "To me, the Plaza is like a great painting." He craved ownership of what he viewed as a posh status symbol. The financials were secondary. 

By an astounding coincidence, a New York jury ordered Trump to pay columnist E. Jean Carroll $83 million in damages for defaming her by calling untrue her rape accusations against him, which were upheld in court. His first defamation trial ended with a jury ordering Trump to pay $5 million. He responded by publicly repeating the same lies, which led to the second trial.

Donald was attracted to glitzy properties and highly leveraged investments. That led him to borrow hundreds of millions of dollars from bankers around the world, and to construct flashy buildings like Trump Tower on Manhattan's Fifth Avenue. 

His borrowing and spending spree led him to ownership of not one, but three casino hotels in Atlantic City, putting the Trump name on each one. The Trump Taj Mahal, opened in 1990, was the largest and most expensive project. It was so expensive that it would take revenue of $1.3 million daily for it to break even. 

Its creation came at the worst possible time, just as the Atlantic City economy was undergoing a severe downturn. This was Trump's first encounter with the impact he could have on employment. The failure of the Taj Mahal put 3,000 casino workers out of a job.

After repeated bankruptcy filings, Trump lost control of the Taj Mahal to Carl Icahn. The Taj Mahal continued to lose money. In 2021, what took years of construction and legal wrangling to create was reduced to a huge pile of rubble in 20 second by 3,000 sticks of dynamite.

Begin Each Day Asking Yourself, "Where Am I?" and "What Day Is It?"

 

Hard to Tell Which of Trump's Crimes Will Land Him in Prison

 

Someone Seems Very Confused