Comments by "Triple 9" (@Betta66) on "The NYT is Obsessed with Trumps Taxes" video.
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@zoephin6205 Microsoft is a trillion dollar company. What's your point? That Bill Gates losing 3% of his company's current worth is a bad thing? Even then, efforts to diversify don't really count in Trump's favor when Trump Steaks, Trump Iced Bottle Water, The New Jersey Generals, the TourDeTrump bike race, ACN, the Trump Network, Trump: The Game, Trump Magazine, Trump Vodka, Trump Airlines all failed. Not to mention Trump University was sued for fraud.
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@spellmadam2947 Well, if I don't need to spell it out, perhaps you can answer my question. If this isn't a big deal, why would Trump feel the need to sue to prevent the release of his financial documents? And before you tell me it's because he's tired of people fishing into his personal life to find ways to smear him, these are actual things Trump tweeted.
- June 6, 2012: "Why is @BarackObama spending millions to try and hide his records? He is the least transparent President--ever--and he ran on transparency."
- July 17, 2012: "For the sake of transparency, @BarackObama should release all his college applications and transcripts--both from Occidental and Columbia."
- July 17, 2012: "Why would @BarackObama be spending millions of dollars to hide his records if there was nothing to hide?"
- July 17, 2012: "If @BarackObama had such a wonderful academic record why wouldn't he want to show it?
- July 19, 2012: "Breitbart gets it! Vote now--Obama should release his college application records & grades"
- October 30, 2012: "Why does Obama believe he shouldn't comply with record releases that his predecessors did of their own volition? Hiding something?"
So tell me when Obama ever sued to prevent the release of his financial documents. Go ahead, I'll wait.
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@orppranator5230
- November 2, 2011: "Why is @BarackObama letting the Taliban know when our troops are leaving?” (Remember last December when Trump posted a Twitter video revealing the location of a covert Navy Seal operation?)
- June 6, 2012: "Why is @BarackObama spending millions to try and hide his records? He is the least transparent President--ever--and he ran on transparency." (Trump sued to block congressional subpoena of his financial records and instructed White House staff to ignore House subpoenas)
- July 17, 2012: "For the sake of transparency, @BarackObama should release all his college applications and transcripts--both from Occidental and Columbia." (Trump paid Michael Cohen to intimidate his old schools to keep his records sealed)
- July 17, 2012: "Why would @BarackObama be spending millions of dollars to hide his records if there was nothing to hide?" (See above)
- July 17, 2012: "If @BarackObama had such a wonderful academic record why wouldn't he want to show it? (See above)
- July 19, 2012: "Breitbart gets it! Vote now--Obama should release his college application records & grades" (See above)
- August 1, 2012: "The deficits under @BarackObama are the highest in America's history. Why is he bankrupting our country? (In March of this year, the U.S. posted the biggest monthly budget deficit in American history)
- September 11, 2012: "Whatever happened to Obama's 'independent investigation' into national security leaks from his administration? Where's the media?" (Please refer back to the above mentioned Navy Seal operation)
- September 26, 2012: “Obama's complaints about Republicans stopping his agenda are BS since he had full control for two years. He can never take responsibility." (Need I explain this one?)
- October 30, 2012: "Why does Obama believe he shouldn't comply with record releases that his predecessors did of their own volition? Hiding something?" (Again, Trump sued to block congressional subpoena of his financial records and paid Michael Cohen to intimidate his old schools to keep his records sealed)
- September 7, 2013: "PresObama is not busy talking to Congress about Syria..he is playing golf ...go figure" (Trump spent 3 days golfing after he declared a national emergency that he himself admitted he didn't need to declare; overall, Trump spent significantly more time as president playing golf than Obama, so much so that there's a website dedicated to tracking it - https://trumpgolfcount.com/)
- October 13, 2014: "Can you believe that,with all of the problems and difficulties facing the U.S., President Obama spent the day playing golf.Worse than Carter" (See above)
- November 5, 2014: "I'm worried about Obama using executive power to pass immigration law" (National emergency, anyone?)
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@petehawthorne1561 And where do you think they learned that?
- September 13, 2011: "How can the economy ever recover when @BarackObama keeps threatening the private sector with more taxes. This is no way to spur growth." (Tariffs, anyone?)
- November 2, 2011: "Why is @BarackObama letting the Taliban know when our troops are leaving?” (Remember last December when Trump posted a Twitter video revealing the location of a covert Navy Seal operation?)
- March 1, 2012: "The Chinese laugh at how weak and pathetic our government is in combating intellectual property theft." (Warner Bros. filed a copyright claim over Trump's use of the score from The Dark Knight Rises)
- June 6, 2012: "Why is @BarackObama spending millions to try and hide his records? He is the least transparent President--ever--and he ran on transparency." (Trump sued to block congressional subpoena of his financial records and instructed White House staff to ignore House subpoenas)
- July 17, 2012: "For the sake of transparency, @BarackObama should release all his college applications and transcripts--both from Occidental and Columbia." (Trump paid Michael Cohen to intimidate his old schools to keep his records sealed)
- July 17, 2012: "Why would @BarackObama be spending millions of dollars to hide his records if there was nothing to hide?" (See above)
- July 17, 2012: "If @BarackObama had such a wonderful academic record why wouldn't he want to show it? (See above)
- July 19, 2012: "Breitbart gets it! Vote now--Obama should release his college application records & grades" (See above)
- August 1, 2012: "The deficits under @BarackObama are the highest in America's history. Why is he bankrupting our country? (In March of this year, the U.S. posted the biggest monthly budget deficit in American history)
- September 11, 2012: "Whatever happened to Obama's 'independent investigation' into national security leaks from his administration? Where's the media?" (Please refer back to the above mentioned Navy Seal operation)
- September 26, 2012: “Obama's complaints about Republicans stopping his agenda are BS since he had full control for two years. He can never take responsibility." (Need I explain this one?)
- October 30, 2012: "Why does Obama believe he shouldn't comply with record releases that his predecessors did of their own volition? Hiding something?" (Again, Trump sued to block congressional subpoena of his financial records and paid Michael Cohen to intimidate his old schools to keep his records sealed)
- September 7, 2013: "PresObama is not busy talking to Congress about Syria..he is playing golf ...go figure" (Trump spent 3 days golfing after he declared a national emergency that he himself admitted he didn't need to declare; overall, Trump spent significantly more time as president playing golf than Obama, so much so that there's a website dedicated to tracking it - https://trumpgolfcount.com/)
- October 13, 2014: "Can you believe that,with all of the problems and difficulties facing the U.S., President Obama spent the day playing golf.Worse than Carter" (See above)
- November 5, 2014: "I'm worried about Obama using executive power to pass immigration law" (National emergency, anyone?)
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@zoephin6205 Okay, I'm calling bullshit. While Trump himself attributed his first run of reversals and bankruptcies to the recession, the article does address the fact that he wasn't being entirely accurate. There's still the period between 1985 and 1988 during which nothing that happened to Trump could be blamed on the recession.
"The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings.
From 1986 through 1988, while his core businesses languished under increasingly unsupportable debt, Mr. Trump made millions of dollars in the stock market by suggesting that he was about to take over companies. But the figures show that he lost most, if not all, of those gains after investors stopped taking his takeover talk seriously.
At his nadir, in the post-recession autumn of 1991, Mr. Trump testified before a congressional task force, calling for changes in the tax code to benefit his industry. 'The real estate business — we're in an absolute depression,' Mr. Trump told the lawmakers, adding: 'I see no sign of any kind of upturn at all. There is no incentive to invest. Everyone is doing badly, everyone.'
Everyone, perhaps, except his father, Fred Trump.
While Donald Trump reported hundreds of millions of dollars in losses for 1990 and 1991, Fred Trump's returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son's latest apartment project.
The year was 1985, and Mr. Trump appeared to be on top of the world. He was still riding high from the completion of his first few projects — the Grand Hyatt Hotel, Trump Tower and another Manhattan apartment building, and one Atlantic City casino. He also owned the New Jersey Generals of the United States Football League. As the year played out, he borrowed hundreds of millions of dollars to fuel a wave of purchases, acquiring a second casino ($351.8 million), a Manhattan hotel ($80 million), the Mar-a-Lago property in Florida ($10 million), a New York hospital he intended to replace with an apartment building ($60 million) and an undeveloped expanse of railroad yards on the West Side of Manhattan ($85 million), where he planned to construct an entire neighborhood, including a 150-story tower envisioned as the world's tallest. But what the newly revealed tax information makes clear is that, with his vast debt and other expenses on those properties, Mr. Trump's fortunes were already on the way down. His yearly carrying costs on the rail yards would rise to $18.7 million. He would not be able to convert Mar-a-Lago into a moneymaking club for another decade. The apartments on the hospital site would not be ready for sale, as Trump Palace, until 1990, and another residential project would be stalled for years. The football league would soon fold. Because his businesses were generally created as partnerships, the companies themselves did not pay federal income taxes. Instead their results wound up on Mr. Trump's personal ledger. Beyond the $46.1 million loss that his core businesses logged in 1985, Mr. Trump's tax information shows that he carried over $5.6 million in losses from prior years. The IRS data on one-third of high-income tax returns that year lists only three taxpayers with greater losses.
In 1986, he bought out his partners in Trump Tower and the Trump Plaza Hotel and Casino. He bought an apartment building in West Palm Beach for $43 million. His business losses for the year: $68.7 million. About two weeks before the stock market crash of Oct. 19, 1987, he spent $29 million on a 282-foot yacht. Months later he bought the Plaza Hotel for $407 million. He recorded $42.2 million in core business losses for 1987, and $30.4 million for 1988."
Has any of that been verified? I don't know. But I'm not convinced you've read the actual article when your excuse was already addressed in it. And please don't lecture me about demanding verifiable information when you clearly don't hold your president to that standard. Did you ask him to verify his claim that windmills cause cancer? Or that his father was born in Germany? Or that the Russia invaded Afghanistan because of terrorists? Or that you need a voter ID to buy groceries? Or that he was the first Republican to win Wisconsin since Eisenhower? If not, there's a word I'm thinking of, and you're full of it.
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@angrytheclown801 Are you mishearing me on purpose? Maybe I should have led with this, but let's ignore the fact that he violated campaign finance law with the Stormy Daniels payment and focus on this: Trump wasn't losing his own money. He said that real estate depreciation explains the losses; his buildings were getting older and less valuable every year. For that to make sense, he would have had to own tens of billions in property, which is absolutely implausible. A likelier explanation is that his casinos were losing money at the time and a number of his endeavors were going bankrupt. I mean, think about it. Did Trump even have a billion dollars to lose at the time? He claimed he was still worth $2 billion by the end of this period, but that's unlikely. Forbes had his net worth at $600 million in 1985. Subtract a billion, and what's left? See, most of the money he lost belonged to the banks and bond investors who had funded his acquisitions. Then Trump got hundreds of millions of debt forgiven in the 1990s as his projects folded one after the other. But to the IRS, canceled debt is the same as income. If you don’t have to pay back a dollar you said you did, you’ve effectively made a dollar. Trump claimed other people’s losses as his losses, but never accounted for the money he didn’t have to pay back.
So my question isn't "Can Trump be impeached for this?" My question is "How does anyone look at this and still think Trump is more ethical and competent than anyone in Washington?"
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