Donald Trump, the road that might not lead to the White House!

[Dogsauce]

If we had Chapter 11 in the UK, 2008 would have been a lot more manageable.


It is not a sign of great business acumen though.

US companies operating in the UK have tried to use it to avoid their responsibilities here - see the JW Roberts / Standard Mogul asbestos cases for example. The dodginess is when profitable companies put parts of the business into Chapter 11 while other bits are still generating profit.
That kind of compartmentalisation of risk is done here, especially by developers who set up separate companies for each project - something used after 2008 to walk away from part built developments, in some cases before public facilities such as schools required under the development's planning consent have been built.

 

[gosub]

US companies operating in the UK have tried to use it to avoid their responsibilities here - see the JW Roberts / Standard Mogul asbestos cases for example. The dodginess is when profitable companies put parts of the business into Chapter 11 while other bits are still generating profit.
That kind of compartmentalisation of risk is done here, especially by developers who set up separate companies for each project - something used after 2008 to walk away from part built developments, in some cases before public facilities such as schools required under the development's planning consent have been built.

Was thinking Lehman's where the US thought it would be able to wind down, to be told Canary Wharf had to shut up shop there and then

 

[8den]

er - they didn't lose their shirts, and the government didn't spend billions helping him out.

Look, there are a whole galaxy of valid reasons to criticize Trump, but to pretend that his firms going into Chapter 11 is one of them is daft; if anything, his experience of having to deal with and fix organizations that are suffering from colossal levels of debt is probably more of a reason to vote for him, given how much the country owes.

Yeah but no. He hasn't turned around fixed ailing businesses. Trump has run several successful businesses into the ground. Look at the Plaza in the end he was reduced to A CEO with no voting rights, no salary, no control over employees or day to day management. Literally a empty suit. Again And again this is his story. Trump used his daddies hundreds and millions and barely managed a success. How the fuck do you manage to lose nearly a billion of your own cash owning a fucking casino? And Real Estate in New York in the 80s and 90s a virtual idiot proof model. Invest and watch your business turn a profit and yet he ran his business into the ground two more times.


The only thing Trump has been successful at managing is his own brand. A gaudy gold plated ideal of "class" and "elegance" Liberace would call gaudy, with Trump steaks, board games and a business school that was nearly a Ponzi scheme, advertising bad pizza and himself in movie and tv cameos before reality tv.

 

[agricola]

Yeah but no. He hasn't turned around fixed ailing businesses. Trump has run several successful businesses into the ground. Look at the Plaza in the end he was reduced to A CEO with no voting rights, no salary, no control over employees or day to day management. Literally a empty suit. Again And again this is his story. Trump used his daddies hundreds and millions and barely managed a success. How the fuck do you manage to lose nearly a billion of your own cash owning a fucking casino? And Real Estate in New York in the 80s and 90s a virtual idiot proof model. Invest and watch your business turn a profit and yet he ran his business into the ground two more times.

None of the four bankruptcies were for successful businesses prior to Trumps' involvement, though - and to say they were "run... into the ground" is a mit misleading. The first (the Trump Taj Majal) was acquired by Trump before it opened, the second (the Plaza) even he admitted at the time that he had massively overpaid for it, and the third and fourth were basically one Trump holding company (ironically enough one of the entities held was the Taj Mahal) that went into Chapter 11, got rebranded, and then had to go into Chapter 11 again.

As for real estate in New York, that is where most of his assets are and where most of his money is generated - but the point you are missing is that three of the four Chapter 11 filings were for entities not in New York.

As for casinos, loads of people lose money running them - especially those in Atlantic City.

 

[teqniq]

How is it possible to lose money running a casino? I thought the banker always wins.

*Reassesses business plan*

 

[8den]

Very few people lose a billion on a casino IN A YEAR.

And the Plaza massively over paying for something isn't a sign of acumen. And as I pointed out after the plaza bankruptcy trump was a figurehead so talking about turning businesses around etc is simply untrue.


As to the other yes it's true they weren't in New York but they were casino resorts usually a highly successful venture.

Again and again you're going to find migrating excuses for each of his numerous bankruptcies. Trumps entire campaign is based on his business skill and he's filled for bankruptcy and taking into account inflation he'd have been better off sitting on a beach and accuring interest

 

[J Ed]

A truther or someone apeing a truther is in the lead to win the GOP nomination, and he isn't as bad as one of the other candidates. What a world.

 

[Vintage Paw]

A truther or someone apeing a truther is in the lead to win the GOP nomination, and he isn't as bad as one of the other candidates. What a world.

That's not truther stuff though, is it? I thought his 9/11 - Iraq stuff was more in line with Dem arguments against Bush: that he didn't do anything to prevent it, and his actions in fact paved the way for the shit that has happened since. I don't think he's an 'America blew up the towers' kinda guy.

 

[Vintage Paw]

God, I'm defending Donald Trump.

Anyway, in other news, he's threatening a 3rd party run because he thinks the GOP are being mean to him.

DO IT.

 

[J Ed]

That's not truther stuff though, is it? I thought his 9/11 - Iraq stuff was more in line with Dem arguments against Bush: that he didn't do anything to prevent it, and his actions in fact paved the way for the shit that has happened since. I don't think he's an 'America blew up the towers' kinda guy.

Nah he's whistling there

He literally said "Bush lied, people died" at the debate, it's there for those who want to hear it at the very least.

 

[Vintage Paw]

I still can't bring myself to believe he wants to be President. It just doesn't make sense. Why would he want that? He just wants money and monied power - it strikes me that the capital he would get from being Pres isn't the kind he would want. idk. Maybe I'm very wrong. Anyway, a 3rd party run would assure he doesn't win. Good tactical move if he never intended to.

Also *tinfoil hat* there's stuff out there that suggests he had some lovely chats with Bill Clinton ahead of all of this, with Bill suggesting he run. The Clinton machine is more cynical and influential than we could ever have imagined?

 

[gosub]

That's not truther stuff though, is it? I thought his 9/11 - Iraq stuff was more in line with Dem arguments against Bush: that he didn't do anything to prevent it, and his actions in fact paved the way for the shit that has happened since. I don't think he's an 'America blew up the towers' kinda guy.

He did say though that he watched people jumping from WTC, from his specifically aligned window in his apartment. His apartment is over 4 miles away.....so either he knew in advance and got set up with popcorn, binoculars and a deckchair OR he can't tell the difference between a tv and a window.

 

[agricola]

Again and again you're going to find migrating excuses for each of his numerous bankruptcies. Trumps entire campaign is based on his business skill and he's filled for bankruptcy and taking into account inflation he'd have been better off sitting on a beach and accuring interest

They aren't "mitigating excuses", they are statements of what actually happened. You said earlier:

Worse for whom? Trump? His Investors? Trump not filing for personal insolvency allowed him to continue to run businesses into the ground while his investors lost their shirts and the government spent billions helping him out.

... which is demonstrably wrong. As I said before, there are ample reasons to attack Trump over most of his policies, public utterances and indeed existence - but his use of Chapter 11 is not one of them, or rather its not one of them if people are going around claiming its as bad / worse than personal bankruptcy, huge bailouts using public funds were required, people lost everything etc etc.

 

[Yuwipi Woman]

You couldn't make this shit up:

A new campaign advert for US presidential candidate Marco Rubio is promising a return to "morning in America," but the ad has the sun rising over the Canadian city of Vancouver.

The city's skyline shows prominently in the ad, which recalls Ronald Reagan's successful 1984 campaign slogan.

In its opening moments, a tugboat bearing the Canadian flag passes through Vancouver's harbour.

The Rubio campaign has told BuzzFeed that the use of the clip was a mistake.

Guy Chavasse shot the original video footage of Vancouver last year.

"It's pretty funny, isn't it?" the Vancouver-based videographer told the Canadian Broadcasting Corporation (CBC). "It's a good-looking video, no doubt, but it's pretty recognisable as Vancouver,"

This isn't the first time a candidate's advert has had trouble with American imagery.

In September, a group supporting former Florida Governor Jeb Bush released a campaign ad using stock images from the UK and parts of south-east Asia as stand-ins for US locales.

Marco Rubio ad mistakes Canada's Vancouver for US city - BBC News

No wonder you bunch accuse us of not knowing geography, when we can't even tell the difference between Canada and the US.

 

[gosub]

Make the US more Canadian, I'd vote for that. Not keen on this idea of morning though

 

[brogdale]

kinnel

 

[sleaterkinney]

Damn, just came here to post that up. ^

 

[The Octagon]

It's hilarious how badly Jeb has run his campaign, 6 months ago he seemed like the presumptive nominee.

He could still wrangle the voters back if they start to get nervous about the anti-establishment candidates, but the desperation is palpable

 

[J Ed]

Hey fellow ki-- err I mean right-wing gun fanatics

 

[weltweit]

It's hilarious how badly Jeb has run his campaign, 6 months ago he seemed like the presumptive nominee.
..

I haven't been following closely, nor reading newspapers which might have filled the void, but from my limited internet / twitter / msn whatever intake I haven't seen much of Bush at all. There has been online coverage of Trump, some recently of Cruz but pretty much nothing about Bush!

 

[sleaterkinney]

I don't get why he ran at all, surely people are sick of the Bushes?.

 

[Yuwipi Woman]

I don't get why he ran at all, surely people are sick of the Bushes?.

Most of the Republicans I know have said they'll never vote for another Bush. I saw one suggest that with the current crop of candidates he might vote for Sanders and then go on a serious drunk.

 

[sleaterkinney]

Most of the Republicans I know have said they'll never vote for another Bush. I saw one suggest that with the current crop of candidates he might vote for Sanders and then go on a serious drunk.

Still time for a moderate to come through?. But yeah - Trump and Cruz.

 

[Vintage Paw]

kinnel

 

[J Ed]

that one is shit

I like this one

 

[Vintage Paw]

Your face is shit

 

[Kaka Tim]

I still can't bring myself to believe he wants to be President. It just doesn't make sense. Why would he want that?

Cos he's a narcissistic ego-maniac?

 

[coley]

kinnel

Trying, and failing, to understand that! is it a genuine tweet from an ill advised JB campaign or a smear?

 

[coley]

For those of us who don't use twatter, what's that all about?

 

[Vintage Paw]

Jeb posted a pic of a personalised gun with the caption, 'America' and people are taking the piss out of him.