Tuesday, April 5, 2016

Just a Trumptastic Bidnessman

Saw this article in the TU today by Kathleen Agena. Another not-Trump voter.

Trump is credited for helping kill the United States Football League by moving its spring games to the fall and putting it in competition with the National Football League, and although the USFL later won an anti-trust suit, it was awarded all of $3.76 and folded.

Trump Airlines was established after Mr. Trump acquired $380 million from twenty-two banks in order to acquire part of Eastern Airlines. Labeled Trump Shuttle Inc., the company was unable to earn a profit. Mr. Trump defaulted on the loans, and the airline officially shut down in 1992.

Taj Mahal Hotel and Casino led a consortium of contractors filing a suit against Trump for failing to pay them. While they eventually reached a settlement, the venture lead to the first of four bankruptcies he has filed. The others included Trump Hotels & Casinos Resorts, Trump Entertainment Resorts and personal bankruptcy for Mr. Trump himself.

Then there was GoTrump, a travel agency that failed in a year; Trump Mortgage, another failed venture; Trump Vodka, which stopped production when it didn't make a profit; Trump Magazine, failure; the Trump Network, failure; Trump University, perhaps the most well-known of his fiascoes; and billions of dollars in lawsuits he has filed and lost.

This is the man who is going to make America great again? I would not hire him to run a corner deli, let alone elect him to be president of the United States.

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