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Author: Subject: A Trump Empire Built on Inside Connections and $885 Million in Tax Breaks

Extreme Peach





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  posted on 9/18/2016 at 03:01 PM
How does a crony welfare "capitalist" create blue collar jobs? Trump has no history of ever creating real jobs. The Trump Empire was built on tax dollars and in other areas Trump either used illegal labor or work was shipped overseas. Now this guy with his notorious five minute attention span is going to create a massive economic resurgence. Wow! What a con job!

quote:
The way Donald J. Trump tells it, his first solo project as a real estate developer, the conversion of a faded railroad hotel on 42nd Street into the sleek, 30-story Grand Hyatt, was a triumph from the very beginning.

The hotel, Mr. Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day. Gross operating profits now exceed $30 million a year.”

But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.

The project set the pattern for Mr. Trump’s New York career: He used his father’s, and, later, his own, extensive political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit the 15 buildings at the core of his Manhattan real estate empire.

Since then, Mr. Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices because of their reduced taxes.



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http://www.nytimes.com/2016/09/18/nyregion/donald-trump-tax-breaks-real-est ate.html?hp&action=click&pgtype=Homepage&clickSource=story-head ing&module=first-column-region®ion=top-news&WT.nav=top-news&_r= 0

 
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True Peach



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  posted on 9/18/2016 at 03:15 PM
Yeah, I read that in today's paper, right above the article about why Hillary is about to lose Florida. In my PBR induced moment of clarity this afternoon and am left to ponder why either party couldn't come up with a decent candidate. Either could have won by a landslide with the right person, but instead the Republicans nominated the only person Hillary can beat, while the the Democrats nominated the only person who could lose to Trump. I don't give a sh!t which party wins, but I sure would like to have a qualified candidate who is not either a complete ego maniacal nut job with no understanding of the Constitution and no integrity, or a Nixonion paranoid secretive psychotic with no integrity.

[Edited on 9/18/2016 by bob1954]

 

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  posted on 9/18/2016 at 03:46 PM
Come on man, we are not allowed to talk about corporate welfare. We are only allowed to talk about poor people not paying their own way. Rich people work hard (or get tons of money from their daddy), so they are allowed to get millions from the government.
 

Zen Peach



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  posted on 9/18/2016 at 05:28 PM
The government is for sale and has been for quite sometime. Is that Trumps fault?

Old news.

 

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  posted on 9/18/2016 at 05:56 PM
quote:
Yeah, I read that in today's paper, right above the article about why Hillary is about to lose Florida. In my PBR induced moment of clarity this afternoon and am left to ponder why either party couldn't come up with a decent candidate. Either could have won by a landslide with the right person, but instead the Republicans nominated the only person Hillary can beat, while the the Democrats nominated the only person who could lose to Trump. I don't give a sh!t which party wins, but I sure would like to have a qualified candidate who is not either a complete ego maniacal nut job with no understanding of the Constitution and no integrity, or a Nixonion paranoid secretive psychotic with no integrity.

[Edited on 9/18/2016 by bob1954]


I am not a fan of Clinton's, but in all fairness the Benghazi affair was a republican witch hunt and the email debacle now seems to be more of the same. By what standards are you measuring Hillary Clinton to say she has no integrity? I would say that this characterization would apply to Bill Clinton and there has been a concerted effort by Trump and his people to paint Hillary and Bill as Siamese twins. There is some bad history with Clinton, particularly with her comments on African American males as super predators, but she has apologized for this and she will likely have to confront this issue again shortly to shore up their support.

There was a lot of talk on the Sunday shows about this system of equivalence where any Trump scandal needs to immediately be matched by the mention of a Hillary scandal--even an invented one--to ensure fairness. There was a general realization that this system of matching offenses has benefited Trump and he has used it to wiggle out of any scrutiny. Trump has bragged that he engaged in pay to play and seems to have paid widely for favors. This is the way he did business. But none of it so far has been investigated, primarily because Trump is very good at pointing the finger back at Clinton and she has been much easier to investigate. The reporting has been very skewed and it has been very well manipulated by Trump.

 

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  posted on 9/19/2016 at 12:07 AM
quote:
I am not a fan of Clinton's, but in all fairness the Benghazi affair was a republican witch hunt and the email debacle now seems to be more of the same. By what standards are you measuring Hillary Clinton to say she has no integrity?


OMG. Seriously?

 

True Peach



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  posted on 9/19/2016 at 07:43 AM
quote:
By what standards are you measuring Hillary Clinton to say she has no integrity?


I thought for a while about making a list of things, but to be honest I just don't have the energy to do that. Let's just say that after observing her for over 25 years my sense is that she has no integrity. That doesn't mean she's the worst candidate out there. She's a hell of a lot smarter than Trump and she does understand the basic concepts of foreign affairs, of how our government works, and has a inkling of what life is like for the common man. I plan to vote for her. But integrity? No.

 

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  posted on 9/19/2016 at 07:52 AM
quote:
quote:
By what standards are you measuring Hillary Clinton to say she has no integrity?


I thought for a while about making a list of things, but to be honest I just don't have the energy to do that. Let's just say that after observing her for over 25 years my sense is that she has no integrity. That doesn't mean she's the worst candidate out there. She's a hell of a lot smarter than Trump and she does understand the basic concepts of foreign affairs, of how our government works, and has a inkling of what life is like for the common man. I plan to vote for her. But integrity? No.

If you add together the amount of integrity between HRC and Trump, you'd still have none.

 

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  posted on 9/19/2016 at 06:02 PM
quote:
quote:
By what standards are you measuring Hillary Clinton to say she has no integrity?


I thought for a while about making a list of things, but to be honest I just don't have the energy to do that. Let's just say that after observing her for over 25 years my sense is that she has no integrity. That doesn't mean she's the worst candidate out there. She's a hell of a lot smarter than Trump and she does understand the basic concepts of foreign affairs, of how our government works, and has a inkling of what life is like for the common man. I plan to vote for her. But integrity? No.


There was another article in the NYT that followed the two cited titled "Donald Trump’s Anything-Goes Campaign Sets an Alarming Political Precedent."

The article suggests that Trump is setting a new standard where lying is the norm. I think the standard that Trump seems to use is that even lies are credible and can be substituted for truth if enough people believe them. There has also been a strong effort by Trump to paint Clinton as being even worse than he is by calling her crocked Hillary among other charges. The changing polls indicate he has been successful and Clinton is now less trusted than he is by the American public. That's pretty amazing considering the stats for lying in debates overwhelmingly show Trump lies about 90% of the time and Clinton is down in the 20% category. Yet Hillary has become synonymous with lying. Is it justified or is it the product of a massive Republican frame up as she has always suggested? Two weeks ago I would have argued for the first but now I think it’s probably the latter.

The issue on integrity is based on the fact that there are two candidates and one has free license to say what he pleases without any consequence for the most part and one that whatever she says is scrutinized down to the most minute cell. It's very lopsided.

Buying into the lying gambit was a distraction for me anyway because I see Clinton’s problems more in respect to how she, in the interests of "feminism," limits the trajectory of other minority groups. Most Republicans would strangely agree with her although Trump has been bringing it up.



 

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  posted on 9/19/2016 at 06:44 PM
quote:
I think the standard that Trump seems to use is that even lies are credible and can be substituted for truth if enough people believe them.

In The Art of the Deal he said something to the effect that if you tell the same lie emphatically three times people will believe it. You're right, he's employing that technique. It's been in his toolbox for many years.

 

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  posted on 9/19/2016 at 06:50 PM
Tool box is exactly right.
 

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  posted on 9/20/2016 at 10:21 AM
It would seem that someone who would ostensibly give money for favors would if he was a politician continue this practice.

quote:
Trump Won Tax Breaks While Donating Tens Of Thousands To Corrupt Official

Republican presidential nominee Donald Trump gave at least $45,000 to the campaign of Alan Hevesi, a New York state comptroller who later went to prison for his role in a pay-to-play bribery scandal, according to a Huffington Post review of campaign finance records.

Trump’s donations coincided with a $500 million lawsuit he filed against the city of New York in the hopes of reducing his property taxes. As the city comptroller and later the state comptroller, Hevesi, a Democrat, played a role in evaluating and settling legal claims against the city of New York and its officials.

The bulk of Trump’s donations went to Hevesi’s campaign for state comptroller, a race Hevesi won in the fall of 2002. In the fall of 2003, by which point Trump had given Hevesi $35,000, the city settled Trump’s lawsuit, a decision that would have involved both the state comptroller &#8213; i.e., Hevesi &#8213; and the new city comptroller.

The city reduced the tax assessment for Trump’s newest building by 17 percent and awarded the building a special tax abatement. In exchange, Trump agreed to subsidize 200 units of affordable housing in the Bronx. The settlement saved Trump $97 million in taxes he didn’t have to pay, he later wrote in Trump: How To Get Rich.

Trump had donated small amounts to Hevesi during the course of Hevesi’s decades-long career as an assemblyman and a comptroller. But the tens of thousands of dollars Trump gave between July 2002 and January 2004 had no precedent, and no postscript. According to finance records, after 2004, Trump never gave to Hevesi again.

During that same time, Hevesi began accepting bribes from a California businessman, Elliott Broidy, in exchange for steering state money to Broidy’s financial management firm. Hevesi and Broidy both eventually pleaded guilty to felonies in the ensuing corruption scandal.

Broidy is now a major fundraiser for Trump’s presidential campaign. He’s also the vice chairman of Trump’s joint fundraising effort with the Republican National Committee, called Trump Victory. During the time he was bribing Hevesi to steer him business, Broidy and his wife donated at least $126,800 to Hevesi’s campaign war chest, more than double what Trump gave.




http://www.huffingtonpost.com/entry/trump-donations-alan-hevesi_us_57da25b8 e4b0071a6e05666b

 

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  posted on 9/20/2016 at 10:24 AM
A politician with money from "inside connections"? Say it ain't so! I'm sure Donald Trump is the first and ONLY politician in this club! Right?

 

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  posted on 9/20/2016 at 10:33 AM
Trump used $258,000 from his charity to settle legal problems

Donald Trump spent more than a quarter-million dollars from his charitable foundation to settle lawsuits that involved the billionaire’s for-profit businesses, according to interviews and a review of legal documents.

Those cases, which together used $258,000 from Trump’s charity, were among four newly documented expenditures in which Trump may have violated laws against “self-dealing” — which prohibit nonprofit leaders from using charity money to benefit themselves or their businesses.

In one case, from 2007, Trump’s Mar-a-Lago Club faced $120,000 in unpaid fines from the town of Palm Beach, Fla., resulting from a dispute over the size of a flagpole.

In a settlement, Palm Beach agreed to waive those fines — if Trump’s club made a $100,000 donation to a specific charity for veterans. Instead, Trump sent a check from the Donald J. Trump Foundation, a charity funded almost entirely by other people’s money, according to tax records.

In another case, court papers say one of Trump’s golf courses in New York agreed to settle a lawsuit by making a donation to the plaintiff’s chosen charity. A $158,000 donation was made by the Trump Foundation, according to tax records.

The other expenditures involved smaller amounts. In 2013, Trump used $5,000 from the foundation to buy advertisements touting his chain of hotels in programs for three events organized by a D.C. preservation group. And in 2014, Trump spent $10,000 of the foundation’s money for a portrait of himself bought at a charity fundraiser.

Or, rather, another portrait of himself.

Several years earlier, Trump had used $20,000 from the Trump Foundation to buy a different, six foot-tall portrait.

If the Internal Revenue Service were to find that Trump violated self-dealing rules, the agency could require him to pay penalty taxes or to reimburse the foundation for all the money it spent on his behalf. Trump is also facing scrutiny from the office of the New York attorney general, which is examining whether the foundation broke state charity laws.

More broadly, these cases also provide new evidence that Trump ran his charity in a way that may have violated U.S. tax law and gone against the moral conventions of philanthropy.

“I represent 700 nonprofits a year, and I’ve never encountered anything so brazen,” said Jeffrey Tenenbaum, who advises charities at the Venable law firm in Washington. After The Post described the details of these Trump Foundation gifts, Tenenbaum described them as “really shocking.”

“If he’s using other people’s money — run through his foundation — to satisfy his personal obligations, then that’s about as blatant an example of self-dealing [as] I’ve seen in a while,” Tenenbaum said.

The Post sent the Trump campaign a detailed list of questions about the four cases, but received no response.

http://www.pressherald.com/2016/09/20/trump-used-258000-from-his-charity-to -settle-legal-problems/

 

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  posted on 9/20/2016 at 11:24 AM
quote:
A politician with money from "inside connections"? Say it ain't so! I'm sure Donald Trump is the first and ONLY politician in this club! Right?


This guy claiming some unidentified ability has said he could fix anything over-night. Now we know how he would do it. I don't know where you live but in the US political corruption gets investigated.

 

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  posted on 10/16/2016 at 11:24 AM
Don't get mad at Trump, get mad at the system. He's hardly alone.
 

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  posted on 10/16/2016 at 12:22 PM
quote:
quote:
Yeah, I read that in today's paper, right above the article about why Hillary is about to lose Florida. In my PBR induced moment of clarity this afternoon and am left to ponder why either party couldn't come up with a decent candidate. Either could have won by a landslide with the right person, but instead the Republicans nominated the only person Hillary can beat, while the the Democrats nominated the only person who could lose to Trump. I don't give a sh!t which party wins, but I sure would like to have a qualified candidate who is not either a complete ego maniacal nut job with no understanding of the Constitution and no integrity, or a Nixonion paranoid secretive psychotic with no integrity.

[Edited on 9/18/2016 by bob1954]


I am not a fan of Clinton's, but in all fairness the Benghazi affair was a republican witch hunt and the email debacle now seems to be more of the same. By what standards are you measuring Hillary Clinton to say she has no integrity? I would say that this characterization would apply to Bill Clinton and there has been a concerted effort by Trump and his people to paint Hillary and Bill as Siamese twins. There is some bad history with Clinton, particularly with her comments on African American males as super predators, but she has apologized for this and she will likely have to confront this issue again shortly to shore up their support.

There was a lot of talk on the Sunday shows about this system of equivalence where any Trump scandal needs to immediately be matched by the mention of a Hillary scandal--even an invented one--to ensure fairness. There was a general realization that this system of matching offenses has benefited Trump and he has used it to wiggle out of any scrutiny. Trump has bragged that he engaged in pay to play and seems to have paid widely for favors. This is the way he did business. But none of it so far has been investigated, primarily because Trump is very good at pointing the finger back at Clinton and she has been much easier to investigate. The reporting has been very skewed and it has been very well manipulated by Trump.


Benghazi was a witch hunt? Ambassador Stevens who was assassinated send Hillary 600 emails regarding the situation over there, and Isis were some of the rebels fighting in Libya. If you recall, we were happily arming the Libyan rebels to help oust Qaddafi. Per Trump's report during the last debate, she only had someone else respond (Sidney Blumenthal), American troops were killed. Witch hunt?

You don't think that Trump should respond to Hillary's accusations an attacks with him returning an attack? Why not. Should he just back down and be kitty whipped?


 

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  posted on 10/16/2016 at 12:29 PM
quote:

You don't think that Trump should respond to Hillary's accusations an attacks with him returning an attack? Why not. Should he just back down and be kitty whipped?




Well Gina,

By his own admission he's kitty whipped. He even uses the "P" word. But, he's your guy. A true American male role model.

Just Google it up, and you'll find links for the word coming out of the mouth of the leader of the GOP.


 

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  posted on 10/16/2016 at 12:45 PM
Martin, nobody's perfect. I watched two videos of women who are making allegations against him, one of them seemed credible to me. Whatever shortfalls either candidate has, whatever mistakes they have made, God will be the one to punish them later on. What we have to choose and go by is the policies each of them would put into place for this country if they are elected. That is what we are voting on.

Can we find any man in this country who has never had lust in his heart? Not likely. Can we find any businessman who has never used the laws or bent them using gray areas for financial advantage and business deals? Probably not.

This thing that he secured $885 million in tax breaks, okay, how much did Bill and Hillary use? Nobody asks or says anything about that. And what does it matter how had more in tax breaks? I would think if he could do that, he is very good with money and budgets, and this country needs someone who is good at accounting to manage the budget of this country.

Wealthy people get tax breaks, more so than regular working people because they have more expenses related to businesses they own, operate, oversee. That is reality. Is it lopsided that wealhy people get extra tax breaks and poor people do not? Yes, 15% income tax on someone making a small amount of money hurts more than it does to someone making a lot of money. I think people making less than $50,000 should not have to pay federal income tax. They cannot afford paying 35% of their income in federal taxes. Someone making $10,000 a year cannot afford a 10% tax rate paying $1,000 in federal tax. Most people can understand that, but no one has done anything about it so far. Which is exactly why we need a change, Trump promises that. If he lies, can't get things done, fine, four years from now, we hire someone else to run he country, but give him a chance.

 

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  posted on 10/16/2016 at 12:56 PM
quote:
Martin, nobody's perfect. I watched two videos of women who are making allegations against him, one of them seemed credible to me. Whatever shortfalls either candidate has, whatever mistakes they have made, God will be the one to punish them later on. What we have to choose and go by is the policies each of them would put into place for this country if they are elected. That is what we are voting on.


We are voting on many things. Character and integrity are two of them.

quote:
Can we find any man in this country who has never had lust in his heart? Not likely. Can we find any businessman who has never used the laws or bent them using gray areas for financial advantage and business deals? Probably not.


Lust in your heart is one thing. Sexual assault is a felony. People who commit felonies are ineligible to be president.

quote:
This thing that he secured $885 million in tax breaks, okay, how much did Bill and Hillary use? Nobody asks or says anything about that. And what does it matter how had more in tax breaks? I would think if he could do that, he is very good with money and budgets, and this country needs someone who is good at accounting to manage the budget of this country.


The Clintons have released their tax returns going back 40 years. Trump has released nothing. Someone who loses $900 million in one year and has 4 bankruptcies is not "very good with money and budgets".

quote:
Wealthy people get tax breaks, more so than regular working people because they have more expenses related to businesses they own, operate, oversee. That is reality. Is it lopsided that wealhy people get extra tax breaks and poor people do not? Yes, 15% income tax on someone making a small amount of money hurts more than it does to someone making a lot of money. I think people making less than $50,000 should not have to pay federal income tax. They cannot afford paying 35% of their income in federal taxes. Someone making $10,000 a year cannot afford a 10% tax rate paying $1,000 in federal tax. Most people can understand that, but no one has done anything about it so far. Which is exactly why we need a change, Trump promises that. If he lies, can't get things done, fine, four years from now, we hire someone else to run he country, but give him a chance.




The presidency is not a reality show. You don't get to play the role for 4 years and then we decide if he is good or not. And, no, he has done nothing to earn a chance. In fact his words and actions have disqualified him.

 

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  posted on 10/16/2016 at 01:14 PM
http://www.dailykos.com/story/2016/10/14/1582505/-Legendary-rant-slicing-an d-dicing-Republican-hypocrisy-goes-wildly-viral

Bill Clinton cheats on his wife. Impeach him. Trump proudly brags about sexual assault (and has cheated on his wives). Elect him. Hillary oversaw the department of state while 4 people died in an embassy attack. Put her in jail. 2 Republicans were in office while over 200 people died in embassy attacks. No problem. Immigrants don't pay taxes. Round them up and kick them out. Trump doesn't pay taxes. He's a business genius. Hillary's foundation only spent 87% of their donations helping people. She's a crook. Trumps foundation paid off his debts, bought sculptures of him, and made political donations to avoid investigations while using less than 5% of funds for charity (and he got shut down by NY State). So savvy... Put him in the white house. Trump made 4 billion dollars in 40 years, when an index fund started at the same time with the same "small loans" he received would be worth $12 billion today... without a trail of bankruptcies, thousands of lawsuits and burned small business owners. He's a real business whiz. Hillary took a loss of $700k. She's a criminal. Trump is the first candidate in the modern era not to release his tax returns, and took a billion dollar loss in 1 year. Genius. Hillary takes responsibility for private email servers and apologizes. Not credible. Trump denies saying things (on the record) he actually said (on the record), he's just telling it like it is.

Your arguments are thin. Your ignorance of reality is shocking. Your double-standards are offensive, and your willingness to blindly support him and recycle the rhetoric is absurd. Your opinion is not fact. Your memes are not news articles. And your hypocrisy is not a platform.

Alex Schiller

 

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  posted on 10/16/2016 at 01:14 PM

If a President is held to the highest moral standards, what about the ones who were in office and known to have women on the side? They were not kicked out because of it. He has earned the right to run, he is smart, he has ideas and plans and the ability to lead the people, to protect our Constitution and restore profitability in the job sector. He has the business experience to create jobs, and do trade deals with foreign countries with are two pivotal qualities needed. He wlll be one of the best Presidents America will have.

 

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  posted on 10/16/2016 at 01:28 PM
quote:

If a President is held to the highest moral standards, what about the ones who were in office and known to have women on the side? They were not kicked out because of it. He has earned the right to run, he is smart, he has ideas and plans and the ability to lead the people, to protect our Constitution and restore profitability in the job sector. He has the business experience to create jobs, and do trade deals with foreign countries with are two pivotal qualities needed. He wlll be one of the best Presidents America will have.


You do not have a clue. His track record, what he has done in his life, is opposite of what you claim. And, he has no workable plans for anything. All he has is empty rhetoric.

 

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  posted on 10/16/2016 at 01:37 PM

He has run successful businesses hired more than 10,000 people, and those businesses flourish today, including his hotels and golf courses in Las Vegas, Florida, New York City, Scotland, etc. etc.

 

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  posted on 10/16/2016 at 02:02 PM
How many people lost their jobs when his Atlantic City casinos went under? How many people lost their jobs when Trump University folded? How about Trump airlines? How many jobs did he create in this country when he moved all of his manufacturing overseas? How many jobs did he create for Americans when he hired undocumented workers to build Trump Tower? How many jobs did he create when he used Chinese steel to build his Las Vegas hotel?

Like I said, hid track record is much different than what you claim he will do.

Edit: I forgot one. How has he helped small businesses? By refusing to pay them and causing them to go bankrupt?

[Edited on 10/16/2016 by jkeller]

 
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