Panther
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My Heart beats True for the Red White & Blue...
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longweekend58 wrote on Dec 17 th, 2016 at 5:26pm: bogarde73 wrote on Dec 17 th, 2016 at 2:49pm: I think the big lesson to the political class is stop listening so much to each other, and start listening to the people.
I don't think that we need to see [Donald Trump] tax returns to verify his financial acumen. I walk into the Trump Tower every day and I'm like, this guy did pretty well for himself before I got here. He was bankrupted not once but FOUR times... and he has done pretty well for HIMSELF but not so well for those he works with or he employs. He freely admits to underpaying or not paying his contractors. As president his role is to look after EVERYONE else and that will ba a first for him. You spout all the liberal (leftist/progressive/socialist) talking points, but as far as the people that work for him......they love him for the most part....he's been rated tough, but basically fair by his employees. Take the time to read.
Now, as for bankruptcy, do you know the chapter of US Bankruptcy he used?
Do you know the American Bankruptcy Laws, & how they work? ...... They protect the employees, the lenders, & the company while still making money for the stockholders, of which Trump had a hefty share, as he does in all his businesses. The bankrupcy laws he utilized are used by thousand upon thousands of companies in the US.....they stop lenders from closing the companies in court, & selling it off at everyone's expense. They halt repayments until a judge renegotiates a new "deal" with lower interest rates, & manageable repayment schedules when payments are eventually resumed. If the company recovers, the deal stays intact, all to the benefit of the company, & the employees....
So before you spout off, know what you're talking about.
I suggest you read in depth, & not just the leftist/socialist union rags, where you won't get the correct time of day, much less the business facts.
Because of his business skills, if not himself, those he hired, & surrounded himself with, he saved the those companies until the debts were paid back .... at better terms for him, & his company, naturally (as offered within the generous law), but paid back they were, & all the while he saved jobs for the workers. When the debts were paid off, or he found a qualified (court vetted) buyer for the company he sold off his share of those businesses.
Trump had over twenty (20) successful businesses that never had an inkling of problems, for every one (1) of those bankruptcy.
Besides, only unionists & socialists demand that the business owners divest themselves of the majority of their profits, & share it with their employees ...... to a very small degree maybe, but the employees work for an hourly rate, not a "piece of the action"......Trump paid his people fairly, but he kept the bulk of the companies earnings, based on the shares he smartly held, in the companies.....& according to the bankruptcy laws, which generously favored corporate profit taking......quite differently than here.
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