Australian Politics Forum - Two-Thirds of Americans Credit President Trump

Mattyfisk

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Re: Two-Thirds of Americans Credit President Trump
Reply #15 - May 22^nd, 2018 at 8:17pm

President Elect, The Mechanic wrote on May 22^nd, 2018 at 10:47am:

you can Rag on Trump supporters or Dumb Americans all you like...

just like Hillary did..

but come election time you'll (yet again) be crying in your soup...

you just don't get it.. you believe your own worthless lies... Roll Eyes

And do you know? The Mechanic is probably right. Mr Trump will get a second term.

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Prime Minister for Canyons Gold Member Offline Australian Politics Posts: 26906 Canberra Gender:	Re: Two-Thirds of Americans Credit President Trump Reply #16 - May 22^nd, 2018 at 8:19pm So that means dreamers children are citizens.
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SadKangaroo Gold Member Offline #FightStupid Posts: 14879 Mianjin (Brisbane)	Re: Two-Thirds of Americans Credit President Trump Reply #17 - May 22^nd, 2018 at 8:20pm So we've just transitioned to another topic to cover the parts of the poll that shows the unpleasant truth about Trump? I can't say I'm surprised... I guess it's lucky Trump is a child of white immigrants. I've seems how so many on here treat those who aren't...
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Richdude

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Re: Two-Thirds of Americans Credit President Trump
Reply #18 - May 23^rd, 2018 at 2:47am

SadKangaroo wrote on May 22^nd, 2018 at 8:20pm:

So we've just transitioned to another topic to cover the parts of the poll that shows the unpleasant truth about Trump?

I can't say I'm surprised...

I guess it's lucky Trump is a child of white immigrants. I've seems how so many on here treat those who aren't...

Obama was a community organizer - knew zero about the economy and didn't care. He didn't have to - (he had the 4th estate giving a free pass to everything he did).

Trump on the other hand is and has always been a business man.

Which one is best suited to run an economy?

Do you take your car for a tune and service to an accountant or a mechanic?

Trump is the right man at the right time to revive Americas failing economy.

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The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.”

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Richdude Gold Member Offline Australian Politics Posts: 8457 NC Gender:	Re: Two-Thirds of Americans Credit President Trump Reply #19 - May 23^rd, 2018 at 2:55am Prime Minister for Canyons wrote on May 22^nd, 2018 at 8:19pm: So that means dreamers children are citizens. No! Not automatically because their parents came here illegally! This is a thorny question.
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SadKangaroo

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Re: Two-Thirds of Americans Credit President Trump
Reply #20 - May 23^rd, 2018 at 7:29am

Richdude wrote on May 23^rd, 2018 at 2:47am:

Which one is best suited to run an economy?

Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice?

Quote:

Do you take your car for a tune and service to an accountant or a mechanic?

The mechanic or whoever the expert in the field is.

Again, Obama relied heavily on the experts, Trump boastfully relies on his gut and often displays how utterly uninformed and ignorant to the details of a given situation he is.

He'll also denigrate those who are experts in the field if they go to him with a solution he didn't think of and he'll stubbornly do the opposite no matter what, just to have the chance to rub it in their faces and say "I told you so".

And it's really not hard to learn this about him. I've only read 5 of his books but that was enough. It's all in there, from the horses mouth even.

These aren't unauthorised biographies, these are books he's claiming to have written.

Quote:

Trump is the right man at the right time to revive Americas failing economy.

It's very easy to buy into his own claims about how good a business man he is, but much like the topic of this thread, it deserve a follow up question.

Two-Thirds may give the Trump credit, but can they list the policies he's implemented that have resulted in the improvements to the economy?

In that same train of thought, do you know much about Trump's true successes and what he did to achieve them?

It's easy to say "Oh he's a great business man", but if you don't understand much about his achievments or what that actually means, how can you know he has the skills to guide an entire nations economy?

And even if he does, how do we know who he'll be steering the economy in favour of?

By his actions so far, it's not been the forgotten people he keeps talking about, and this poll even shows the people feel the same way:

To the question "How much do you feel Donald Trump is looking out for the interests of..."

*His own private family businesses - 84% of Americans say he "Some" to "A lot"

*Big business and the - 88% of Americans say the same, "Some" to "A lot"

Given we were seeing Obama's policies working while he was in office and the economy recovering from the GFC, have we seen an increase in that recovery under Trump?

Some sources I've read have said the recovery has slowed under Trump, but has still been positive.

This is one of those times where I don't know the answer to that so I can't stake any claims, but I would love to know truth.

Short version is, it's easy to say Trump is a great business man, but what does that mean? And objectively, does that translate to him automatically being the better economic manager?

I'm unconvinced purely by his own record and way of "doing business".

Anyone so eager to avoid taking the advice of the experts or even failing read the briefings of the given situation and continues to make uninformed gut decisions, I don't care who they are, that's dangerous.

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longweekend58

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Re: Two-Thirds of Americans Credit President Trump
Reply #21 - May 23^rd, 2018 at 9:02am

How does anyone with any knowledge of his history claim that Trump is a good businessman?? 6 bankruptcies including casinos! Everything he touches fails including the presidency.

He is the reverse midas touch as everything he touches turns to crap. and everyone around him has their reputations tarnished or destroyed.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Panther

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Re: Two-Thirds of Americans Credit President Trump
Reply #22 - May 24^th, 2018 at 11:56am

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable.

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« Last Edit: May 24^th, 2018 at 12:12pm by Panther »

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SadKangaroo

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Re: Two-Thirds of Americans Credit President Trump
Reply #23 - May 24^th, 2018 at 12:26pm

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable. http://33sm.net16.net/smileys/yes02ix3.gif

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed, more so than here.

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« Last Edit: May 24^th, 2018 at 12:42pm by SadKangaroo »

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Panther

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Re: Two-Thirds of Americans Credit President Trump
Reply #24 - May 24^th, 2018 at 12:45pm

SadKangaroo wrote on May 24^th, 2018 at 12:26pm:

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable. http://33sm.net16.net/smileys/yes02ix3.gif

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed.

@

Sad Kangaroo

It's called the survival of the fittest.......

And rightly so, for lending institutions & the like, as well as suppliers, are businesses too, subject to similar risks & similar remedies. Name one of those fair-haired American banking institutions that have gone down the tubes....flat out, out of business.....specifically because of business loans gone bad?

Again, America has built it's financial empires on the backs of risk takers, & on all sides of the coin & equation!

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« Last Edit: May 24^th, 2018 at 12:55pm by Panther »

"When the People fear government there is Tyranny;
When government fears the People there is Freedom & Liberty!"

'
Live FREE or DIE!
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SadKangaroo

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Re: Two-Thirds of Americans Credit President Trump
Reply #25 - May 24^th, 2018 at 1:32pm

Panther wrote on May 24^th, 2018 at 12:45pm:

SadKangaroo wrote on May 24^th, 2018 at 12:26pm:

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable. http://33sm.net16.net/smileys/yes02ix3.gif

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed.

@

Sad Kangaroo

It's called the survival of the fittest.......

And rightly so, for lending institutions & the like, as well as suppliers, are businesses too, subject to similar risks & similar remedies. Name one of those fair-haired American banking institutions that have gone down the tubes....flat out, out of business.....specifically because of business loans gone bad?

Again, America has built it's financial empires on the backs of risk takers, & on all sides of the coin & equation!

Perhaps that's why they stopped lending to Trump because he was too great a risk because of all his failures forcing him to seek financial backing from Russia?

Can we borrow from Trump's line about McCain and re-purpose it to describe Trump?

"He's not a great business man. He's considered a success because he's had multiple bankruptcies. I like people that weren't bankrupt multiple times, OK, I hate to tell you."

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longweekend58

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Re: Two-Thirds of Americans Credit President Trump
Reply #26 - May 24^th, 2018 at 3:38pm

SadKangaroo wrote on May 24^th, 2018 at 1:32pm:

Panther wrote on May 24^th, 2018 at 12:45pm:

SadKangaroo wrote on May 24^th, 2018 at 12:26pm:

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable. http://33sm.net16.net/smileys/yes02ix3.gif

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed.

@

Sad Kangaroo

It's called the survival of the fittest.......

And rightly so, for lending institutions & the like, as well as suppliers, are businesses too, subject to similar risks & similar remedies. Name one of those fair-haired American banking institutions that have gone down the tubes....flat out, out of business.....specifically because of business loans gone bad?

Again, America has built it's financial empires on the backs of risk takers, & on all sides of the coin & equation!

Perhaps that's why they stopped lending to Trump because he was too great a risk because of all his failures forcing him to seek financial backing from Russia?

Can we borrow from Trump's line about McCain and re-purpose it to describe Trump?

"He's not a great business man. He's considered a success because he's had multiple bankruptcies. I like people that weren't bankrupt multiple times, OK, I hate to tell you."

Brilliant. But as always it will be lost on trumptards because their entire language is one of hypocrisy.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Panther

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Re: Two-Thirds of Americans Credit President Trump
Reply #27 - May 24^th, 2018 at 4:45pm

SadKangaroo wrote on May 24^th, 2018 at 1:32pm:

Panther wrote on May 24^th, 2018 at 12:45pm:

SadKangaroo wrote on May 24^th, 2018 at 12:26pm:

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable. http://33sm.net16.net/smileys/yes02ix3.gif

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed.

@

Sad Kangaroo

It's called the survival of the fittest.......

And rightly so, for lending institutions & the like, as well as suppliers, are businesses too, subject to similar risks & similar remedies. Name one of those fair-haired American banking institutions that have gone down the tubes....flat out, out of business.....specifically because of business loans gone bad?

Again, America has built it's financial empires on the backs of risk takers, & on all sides of the coin & equation!

Perhaps that's why they stopped lending to Trump because he was too great a risk because of all his failures forcing him to seek financial backing from Russia?

Can we borrow from Trump's line about McCain and re-purpose it to describe Trump?

"He's not a great business man. He's considered a success because he's had multiple bankruptcies. I like people that weren't bankrupt multiple times, OK, I hate to tell you."

Trump is considered a business "success" simply because his successes far outweighed his "near misses".

I say "near misses" because regardless of any setbacks, he still made plenty of money on those shaky ventures even though they didn't fare as well as the others.

From all I've read, he never had an enterprise...with his name on it...that didn't make him money. Some made way more money than others, but they were money makers all.

Was he a "Great Business Man"? Not as great as some.....but far better than many.

When the combined ledgers are tallied, Bankruptcies included, they total in the black, so he is considered as a "Successful Businessman". It's all about the $$ bottom line $$ in business, & there Trump made plenty $$$$ (most of which you & I will never know about). How many billions did he make to date.........Most probably more than 5, but less than 25. History may never tell......

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« Last Edit: May 24^th, 2018 at 4:53pm by Panther »

"When the People fear government there is Tyranny;
When government fears the People there is Freedom & Liberty!"

'
Live FREE or DIE!
'

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SadKangaroo

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Posts: 14879
Mianjin (Brisbane)

Re: Two-Thirds of Americans Credit President Trump
Reply #28 - May 24^th, 2018 at 4:46pm

Panther wrote on May 24^th, 2018 at 4:45pm:

SadKangaroo wrote on May 24^th, 2018 at 1:32pm:

Panther wrote on May 24^th, 2018 at 12:45pm:

SadKangaroo wrote on May 24^th, 2018 at 12:26pm:

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

Look it up, do your research, you'll find what I've said here about Bankruptcy in the USA is 100% verifiable. http://33sm.net16.net/smileys/yes02ix3.gif

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed.

@

Sad Kangaroo

It's called the survival of the fittest.......

And rightly so, for lending institutions & the like, as well as suppliers, are businesses too, subject to similar risks & similar remedies. Name one of those fair-haired American banking institutions that have gone down the tubes....flat out, out of business.....specifically because of business loans gone bad?

Again, America has built it's financial empires on the backs of risk takers, & on all sides of the coin & equation!

Perhaps that's why they stopped lending to Trump because he was too great a risk because of all his failures forcing him to seek financial backing from Russia?

Can we borrow from Trump's line about McCain and re-purpose it to describe Trump?

"He's not a great business man. He's considered a success because he's had multiple bankruptcies. I like people that weren't bankrupt multiple times, OK, I hate to tell you."

Trump is considered a business "success" simply because his successes far outweighed his "near misses".

I say "near misses" because regardless of any setbacks, he still made plenty of money on those shaky ventures even though they didn't fare as well as the others.

From all I've read, he never had an enterprise...with his name on it...that didn't make money. Some made way more money than others, but they were money makers all.

Was he a "Great Business Man"? Not as great as some.....but far better than many.

When the combined ledgers are tallied, they totaled in the black, so he is considered as a "Successful Businessman". It's all about the $$ bottom line $$ in business, & there Trump made plenty $$$$ (most of which you & I will never know about).

Flap me you're forgiving of Trump... Read his books and learn his history. Reality doesn't match your brown nosing version of events.

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Panther

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the Red White & Blue...

Posts: 11117
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Re: Two-Thirds of Americans Credit President Trump
Reply #29 - May 24^th, 2018 at 4:58pm

SadKangaroo wrote on May 24^th, 2018 at 4:46pm:

Panther wrote on May 24^th, 2018 at 4:45pm:

SadKangaroo wrote on May 24^th, 2018 at 1:32pm:

Panther wrote on May 24^th, 2018 at 12:45pm:

SadKangaroo wrote on May 24^th, 2018 at 12:26pm:

Panther wrote on May 24^th, 2018 at 11:56am:

SadKangaroo wrote on May 23^rd, 2018 at 7:29am:

.......Perhaps the one who doesn't see burning everything to the ground via bankruptcies as an acceptable business practice........

@

Sad Kangaroo

If you knew anything about U.S. Bankruptcy Laws, you would know that somewhere around 80% of extremely successful American Businessmen claim Bankruptcy protections at one time or another. Why, because during times of misfortune (which most will have being they are risk takers) during times of misfortune the U.S. Bankruptcy Laws allow them to restructure their debts, keep their creditors at bay, & allow their businesses to remain open until either they can be sold off, or better times enable them to flourish again. The stain of Bankruptcy is usually erased from their credit ratings & reports in a few short years. Trump went through about 6 or 7 such bankruptcies. And like I said earlier, they are quite common, but also note he had 100's of successful enterprises as well. In America, risk taking is a way of life for the successful.

Bankruptcy in America also has far less the stigma that it does here in Australia........In America Bankruptcy is an acceptable remedy to a usually temporary turn of circumstances..........even personal bankruptcy in America is vastly acceptable, so much so that just about everyone knows someone that has gone through it, to come back to creditworthiness.....usually within 10 years their slate is completely cleaned by the courts.

I know how the system works and I've seen your argument before. If flies in the face of your claims about how respected risk takers should be if they're protected by the bankruptcy system in the us.

That protection take away a large element of their risk, ant everyone can use it to the extent of the already rich and properly lawyered up and employing a team of creative accountants.

It disqualifies those who are actually taking risks to start and grow their own businesses.

If only it worked in Aus like it does in the US from my failures in business, but I would sympathise with my suppliers and creditors at the time.

The US system throws them under the bus over the protections of the business person who failed.

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Sad Kangaroo

It's called the survival of the fittest.......

And rightly so, for lending institutions & the like, as well as suppliers, are businesses too, subject to similar risks & similar remedies. Name one of those fair-haired American banking institutions that have gone down the tubes....flat out, out of business.....specifically because of business loans gone bad?

Again, America has built it's financial empires on the backs of risk takers, & on all sides of the coin & equation!

Perhaps that's why they stopped lending to Trump because he was too great a risk because of all his failures forcing him to seek financial backing from Russia?

Can we borrow from Trump's line about McCain and re-purpose it to describe Trump?

"He's not a great business man. He's considered a success because he's had multiple bankruptcies. I like people that weren't bankrupt multiple times, OK, I hate to tell you."

Trump is considered a business "success" simply because his successes far outweighed his "near misses".

I say "near misses" because regardless of any setbacks, he still made plenty of money on those shaky ventures even though they didn't fare as well as the others.

From all I've read, he never had an enterprise...with his name on it...that didn't make money. Some made way more money than others, but they were money makers all.

Was he a "Great Business Man"? Not as great as some.....but far better than many.

When the combined ledgers are tallied, they totaled in the black, so he is considered as a "Successful Businessman". It's all about the $$ bottom line $$ in business, & there Trump made plenty $$$$ (most of which you & I will never know about).

Flap me you're forgiving of Trump... Read his books and learn his history. Reality doesn't match your brown nosing version of events.

Feel free to corroboratively quote, if you can......

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« Last Edit: May 24^th, 2018 at 5:03pm by Panther »

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