Make sure all you Libertards make good on your promise to vacate upon a Trump presidency.
Perhaps we can make room on those buses back to Mexico?
Perhaps we can make room on those buses back to Mexico?
Donald Trump
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Yesterday on CNN, a reporter showed the latest ads attacking Trump's business record to a number of his supporters. These included the bankruptcies that are a matter of record, and the Trump University class action for fraud. It wasn't that his supporters were willing to give Trump a pass; it is that they didn't even believe any of it was real or actually happened! They don't know anything about him other than what he tells them.
I recall several Right-leaning people here at ET complaining that voters are stupid and only want their next hit of reality TV. It seems those very people they spoke of found their man in Trump.
I recall several Right-leaning people here at ET complaining that voters are stupid and only want their next hit of reality TV. It seems those very people they spoke of found their man in Trump.
This is exactly why we are stuck with career pols. News flash, successful business people have miscues. Trump is aggressive and always pushing the envelope. You do that enough times and you will have some failures. The allegations in a class action prove nothing. Maybe it was crap, but so what? He claims that a high percentage of the students rated the course highly.
Frankly, I am one of those who just don't care. He is the only one with any credibility on immigration. We know Rubio pushed amnesty and Kasich is fine with it. Cruz is all over the place, but we know he is going to listen to business groups.
Frankly, I am one of those who just don't care. He is the only one with any credibility on immigration. We know Rubio pushed amnesty and Kasich is fine with it. Cruz is all over the place, but we know he is going to listen to business groups.
Well if he said it then it must be true...
https://www.washingtonpost.com/news...s-won-most-of-lawsuits-over-trump-university/
Smoke & mirrors.
Maybe they were smart enough to realise that when you go in business for yourself in the private sector, you often lose...... Only people who are incredibly naieve would think that business men like Trump, or Buffet, or and billionaire, would not have tons of losers too, i remember them using the same card on mitt but he was too much of a puss to stick up for himself.
Read the post again. It's not that they accepted his reported failings or fraud, it is that they believe it never happened. They think anything negative about Trump is mere fabrication.
I agree with you. Falling and getting back up really is the American way. I see the opposite in Canada regularly, a sadly risk-averse society.
However...
"Last year, Wonkblog examined Trump's performance as an investor based on public estimates of his wealth, including his own claims. His numbers were not only worse than those posted by skilled investors such as Warren Buffett, but Trump has made even less than a Main Street investor would by buying decent run-of-the-mill mutual funds to save money, if that investor had started with as much money as Trump did.
"In response, several readers wrote in to defend Trump, complaining that comparing the real-estate business to the stock market is comparing apples to oranges.
"That's true, but it turns out that making money in real estate has been even easier than making money in stocks during the past several decades. Compared to other investors in his business, Trump's performance looks much worse than when compared to ordinary people who save money in the stock market.
"In 1976, Trump told the New York Times that he was worth $200 million. Had he put that money in an ordinary fund based on the Standard & Poor's 500-stock index, the kind that many people use to save money for retirement, he'd have $12 billion today. That is more than the $10 billion he has claimed he is worth. Bloomberg estimates his wealth at $2.9 billion.
"Yet compared to that of the average real-estate investor over the same period, Trump's performance is even worse, according to John Griffin, a businessman and a real-estate investor who is also a professor at the University of Texas at Austin.
"Griffin used an index of funds known as real-estate investment trusts, or REITs. The managers of these funds rely on their expertise in real estate to earn money for their clients by buying and selling interests in commercial property.
"This index has earned 14.4 percent a year since 1976. Had Trump done as well as the average among others in the industry, making investments that returned 14.4 percent over the long term, he would have turned the $200 million he said he had in 1976 into $23 billion as of last year, Griffin calculated.
"Trump is "an underperformer relative to his peers," Griffin said. "If we want somebody else with good investment experience to run for office, we can pick the average guy running a REIT fund."
"Independent estimates of Trump's wealth yield similar results."
I always thought this was a dumb way of looking at things, alot of people try to use the same metrics to judge guys like Buffet, yeah it was the biggest bull market in history, but if we all knew where the index was going to end 30 years from now everyone would be rich.
It makes it seem like the guys who were just straight long the market when the market dictated you should be long didnt know what they were doing.
If it was as easy as sinking all your money in the market and withdrawling it 30 years later at an exponentially higher rate everyone would be rich. PPL who bought in 1999 are just barely struggling to break even 20 years later so timing is huge.
Also the new york real estate market is a notoriously tough market, for everyone who got rich there is a line up of graves, so to say what he did was easy just because of the index is silly imo.
It makes it seem like the guys who were just straight long the market when the market dictated you should be long didnt know what they were doing.
If it was as easy as sinking all your money in the market and withdrawling it 30 years later at an exponentially higher rate everyone would be rich. PPL who bought in 1999 are just barely struggling to break even 20 years later so timing is huge.
Also the new york real estate market is a notoriously tough market, for everyone who got rich there is a line up of graves, so to say what he did was easy just because of the index is silly imo.
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I'm sure it is a tough market, littered with graves, but I'd bet corpses who inherited dad's know how, dad's Rolodex, and dad's money for start-up capital are significantly underrepresented there.