Fat hurts wrote:
Smorbun wrote:
Not true. Back in 2016, that was not the case. FH was easily the most vocal about it, and among the first here if not the first.
Unfortunately, the thread where I started saying Trump was "terrible at business" is now gone. So we can't prove anything one way or the other. I will tell you what I remember.
Except for using the phrases "terrible at business" and "terrible businessman", this was not my original idea. I read a rather obscure analysis of Trump's net worth through the years. The article compared his growth in net worth to the S&P 500. I pointed out on LRC that the numbers showed what they showed. He is terrible at business.
From what I remember, most but not all reactions were that I must be wrong. Most people said that Trump is probably exaggerating his wealth but that he is undeniably successful.
I just stuck by the numbers. And the numbers showed that he was a terrible failure.
But that old analysis of failure is dwarfed by the latest numbers in his income taxes. He's not just terrible at business. He is probably the worst businessman of all time.
I was with you from the start on this. Had been following some stories since the 90s on his failures and just inability to get it together in any real estate deal. He was one of the least respected real estate guys in Manhattan, not even close to being considered good. Got some cash from daddy, let way too many deals go to $hit and as we now all clearly see, dropped the ball once again after getting the nice cash infusion from the apprentice. Sure, he duped a lot of people into taking risk in his deals, but that he hasn’t come out well in anything other than TV is insane. Trump steak anyone?
With that said I believe he has more money than the fraudulent tax returns show. I strongly believe there’s been plenty of money laundering for Russians and mobs (construction). Surely there is hidden cash offshore as well. Nothing sophisticated, just typical criminal stuff you’d expect.
One thing is for damn sure - he’s no billionaire, and it appears he may not even be solvent. Sally and Biff got conned.