Comments by "" (@DavidJ222) on "Brian Stelter: To look away is a disgrace to coronavirus victims" video.
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Trump thought he could just BS his way through the presidency the same way he has BS'ed his way through life, and everything would be just fine. In the end, he really doesn't care what happens to the country. It's all just a game to him, and the objective of the game is for him to abstract as much personal wealth as he can before everyone finally realizes that he has no clue what he's doing. He has done the exact same thing with his fake charity foundation , his fake university, and his casinos.
Even as his casinos did poorly, Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen. And that is Trump in a nutshell. A narcissistic sociopathic con-man who only cares about himself, and will use others to achieve his own self-serving desires.
In interviews with The Times, Trump acknowledged that high debt and lagging revenues had plagued his casinos. He repeatedly emphasized that what really mattered about his time in Atlantic City was that he had made a lot of money there.
Trump assembled his casino empire by borrowing money at such high interest rates — after telling regulators he would not — that the businesses had almost no chance to succeed.
His casino companies made four trips to bankruptcy court, each time persuading bondholders to accept less money rather than be wiped out. But the companies repeatedly added more expensive debt and returned to the court for protection from lenders.
After narrowly escaping financial ruin in the early 1990s by delaying payments on his debts, Trump avoided a second potential crisis by taking his casinos public and shifting the risk to stockholders.
And he never was able to draw in enough gamblers to support all of the borrowing. During a decade when other casinos there thrived, Trump’s lagged, posting huge losses year after year. Stock and bondholders lost more than $1.5 billion.
Trump now says that he left Atlantic City at the perfect time. Well no sh't. He left after he had ruined everything, and there was no more money for him to grift. The record shows that he struggled to hang on to his casinos years after the city had peaked, and failed only because his investors no longer wanted him in a management role.
He just did not put the equity into the projects he should have to keep them solvent,” said H. Steven Norton, a casino consultant. “When he went bankrupt, he not only cost bondholders money, but he hurt a lot of small businesses that helped him construct the Taj Mahal.”
In an interview with the Times, Trump said “Atlantic City was a very good cash cow for me for a long time.” Like a true sociopath, Trump boasts about how he ravaged Atlantic City, without any regard for all the people and businesses he hurt along the way.
Beth Rosser of West Chester, Pa., is still bitter over what happened to her father, whose company Triad Building Specialties nearly collapsed when Trump took the Taj into bankruptcy. It took three years to recover any money owed for his work on Trump's casino" she said, and her father received only 30 cents on the dollar.
“Trump crawled his way to the top on the back of little guys, one of them being my father,” said Ms. Rosser, who runs Triad today. “He had no regard for thousands of men and women who worked on those projects."
“He put a number of local contractors and suppliers out of business when he didn’t pay them,” said Steven P. Perskie, who was New Jersey’s top casino regulator in the early 1990s. “So when he left Atlantic City, it wasn’t, ‘Sorry to see you go.’ It was, ‘How fast can you get the he// out of here?’”
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Laura Zaboraski
Yes, Trump has a long history of doing things like that. Trump is a complete fraud, and he loves putting on a great production, and the bigger the spectacle, the better. The only thing that matters to him is that people believe that it's real. here are a few other examples.
In a 1996 Manhattan ribbon-cutting ceremony for a charity called the Association to Benefit Children. The association was celebrating the grand opening of a nursery school that would serve children with AIDS. Trump unexpectedly appeared at the event and took a seat on on stage alongside top donors, even though he had never donated to the charity. The seat he took belonged to Steven Fisher, a developer who had donated a hefty sum to help the charity build the nursery.
“Nobody knew he was coming,” Abigail Disney, another donor sitting on the dais, told the Post. “There’s this kind of ruckus at the door, and I don’t know what was going on, and in comes Donald Trump. He just gets up on the podium and sits down.” Trump had never donated to the charity.
Trump played the part of a big donor convincingly. Photos from the event show Trump smiling, right behind Giuliani, as the mayor cut the ribbon.” Trump later performed the macarena with Giuliani, Kathie Lee Gifford, and crowd of children, and then slipped out of the function without donating one red cent to the charity.
The time Trump's now defunct charity foundation gave $264,631 to fix a fountain outside one of his hotels. The biggest donation that Trump’s fake foundation ever gave appears to have been to contribute to fixing a fountain outside of the Plaza Hotel, which he owned at the time. “It shows you what this "foundation" was all about. Which was basically all about advancing Trump’s interests,” said Brian Galle, a professor of tax law at Georgetown University.
The time Trump grabbed the spotlight at an event honoring an employee. For years, Trump relied on longtime employee Barbara Res to convince contractors to donate to charity galas sponsored by then-wife Ivana. But when she got an award, Trump didn’t buy any tables at the gala or sponsor the event as was customary for the employers of the honorees. He bought a $100 ticket to the event and then managed to convince someone to give him the microphone. He spoke for 15 minutes and made it seem like he had been a big contributor to the event.
For a con-man like Trump, everything is just one big show, and he's the lead cast member. Lights....camera.....action!!!
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