Trump claims $421 million debt“tiny.” Owes more than twice that

You disagree that like I said in my previous post "Trump's businesses borrowed $400 mln, spent it on whatever it was they set out to do and directly or indirectly contributed that $400mln amount to gainful employment of tens of thousands of American families."? Isn't that exactly what you said in your post, admitting that businesses borrow money to invest (aka spend) and this creates jobs?

Anyway we'll have to agree to disagree LOL

 

Perhaps he knows that people who allow envy to control their every action wouldn't vote for him anyway. They aren't his market. Similarly, in 2016, he didn't spend a dime chasing general election votes in CA, IL, or NY. Same difference.

The people who would vote for him already know he has donated his salary and every bit of business profit that could be judged an emolument back to the Treasury. They know he is losing megabucks trying to do what's right for the country as opposed to the self-dealing crook he is running against.

 

no i was just saying your article because you sourced it. So who’s lying?

 

I don't know and like I said I don't care. My point is how tone deaf the president is.

 

No one is criticizing Trump because he's in debt. Most business people are. The questions are about to whom he owes that debt. He seemed only too happy to skirt that question, saying he didn't know. I would suggest that most business people know to whom they owe their debt.

 

Just like Mitt Romney knew that the 47% weren't his market? He still lost lots of votes after that declaration.

Trying to do what's right for the country = not, regarding the Covid-19 pandemic which he keeps minimizing and keeps undermining containment efforts, the main reason why I did not vote for him. Do understand that I'm not a leftist or a liberal. I was seriously considering voting for Trump. He lost me when he started undermining masks, restricting testing, and especially listening to that moron, that quack called Scott Atlas, who keeps preaching "herd immunity" which yes, can be achieved, but at a cost of hundreds of thousands of additional deaths, so unnecessary when we're relatively close to a vaccine.

This is the main reason why I want this administration gone, before they manage to kill more Americans. Otherwise I could have voted for him. Trump's main preoccupation about the pandemic is to look good (as in, less testing means fewer cases are discovered so he doesn't look so bad; also as in, preoccupied with the stock market and lying to the people like he confessed himself in his February 7th interview).

I do understand lots of problems with Democrats being on top. I don't like many of their proposals. But I'm a healthcare professional and my #1 priority is healthcare. The GOP's track record on this is horrible, not only regarding Covid, but also, while Trump pays lip service to protecting people with pre-existing condition, his administration is suing to bring that down. Double-faced!

My take is, let's elect Biden now which is the only way to kick out Scott Atlas and the White House / Federal medical leadership corps including the leadership at the CDC and FDA, and let's replace them hopefully with more competent people - when a team is losing you fire the coach and the assistant coaches and hire better ones - but let's also keep the Senate in GOP hands to provide checks and balances and prevent extreme leftist bills from becoming law. That's why I voted for Biden AND for the Republican senator in my state.

If we do that, we have better chances to minimize the number of deaths and to right the sinking ship regarding the pandemic, we keep any extremism in check, and we vote out the Dems in four years. But right now, we need to do something radical about the pandemic, and keeping the same administration in place ain't it.

 

Yes, not only he is being criticized for being tone deaf, but also, who does he owe this debt to? Russian oligarchs? If his companies are failing, who is bankrolling them? Apparently at least one source is known, Deutsche Bank, which was pretty much the only bank that was still willing to lend him money, and it's a bank that is notoriously linked to the Russian mafia and their money laundering operations. He said in the debate "not to Russians" but it's not guaranteed, one, that he is lying about that, or two, that even if he is not lying, he indirectly owes them, if he owes a debt to an entity that is controlled by them.

 

No, that isn't exactly what I said my post. This is exactly what I said in my post:

You’re making a virtue out of a necessity. Businesses don’t set up to give people jobs. They set up to make money, and hire people because they need them. And, typically, will hire the minimum needed at the lowest possible cost. Because again, they’re in business to make money.​

"Admiting"? When did I deny it?
(a) I didn't
(b) My response, above, specifically mentions hiring people
(c) Again, job creation is a consequence of setting up a business, not the purpose. The purpose is to make money.
(d) Business investment may or may not create jobs.

In short, anything that creates jobs is a good thing, for workers. Just don't kid yourself that businesses - Trump included - actually care about that.

Yes. You continue to make a virtue out of necessity.

 

So you're not disputing that Trump's $400 million loan created tens of thousands of American jobs and provided tens of thousand of American families with the ability to put food on their tables and roofs above their heads. That's all I needed you to admit, your frankly absurd "out of virtue or necessity" efforts to split hairs is totally irrelevant, the results is what matters - Trump loan helped tens of thousands of American families.

 

tone deaf to what? he’s not the one making the claims. What’s amazing the.major differences between the articles...someone is lying and yet it’s being report and spread as fact. The propaganda from the left wing media and lack of caring my it’s readers is amazing

 

What's with all this "admit" "deny nonsense? It goes without saying that some (not all) business investment creates jobs. Duh.

You praised Trump for doing so.

I pointed out that it's not praise worthy - of any business - because that's not the intent. Businesses - Trump included - create jobs because they need to, to make money, and NOT out of the goodness of their hearts.

You then say that I'm "admitting" that Trump created "tens of thousands" of jobs - completely missing the point.

As for whether he actually created "tens of thousands" of jobs with that loan, that's not something I'm in a position to admit or otherwise - because who knows? And if he did, he did it for his own sake, like any other business.

 

Huh? Trump's innovation, entrepreneurship, business acumen that lead to business growth and the creation of tens of thousands of high paying middle class jobs is not praise-worthy?
You must be a socialist Bernie fan. Right?

Anyway, Trump's businesses employ, feed and house tens of thousands of american families. And you don't have to praise them, it's cool.

Praise Bernie, AOC, Biden and Kamala who have together created exactly 0 jobs in their lifetime. Lest we forget that Biden is responsible for sending millions of American jobs to China.

 

Please remind me when we were discussing "Trump's innovation, entrepreneurship, business acumen".

Oh, that's right - we weren't.

That's a whole other topic, and if we're ever actually discussing it, I'll let you know what I think.

 

of course he did it for his own sake. People act in their own self interest. That’s how people act. But his own self interest also created thousands of jobs of the years. Which is a good thing. so not sure what your post is really about or what you are complaining about

 

This is the "Trump borrowed $400 million, invested the money in his businesses which created tens of thousands of american jobs" part of our discussion, my dear Bernie-loving fan who does not think that businesses creating american jobs don't deserve to be praised

 

Can you see the problem with Trump owing money to a number of creditors including, potentially, Russian oligarchs? Or owing that kind of money to any entity without the American people knowing who that entity is...........so they can judge for themselves if debt of that magnitude represents a problem due to possible conflicts of interest?

 

Any time you'd like to substantiate the debt created thousands of jobs I think the board would be all ears.

 

You have a mortgage - you owe money, you have a car loan - you owe money, you take a loan to open a laundromat - you owe money, you borrow money to build a new casino or renovate your existing hotel - you owe money. The idea that any of these things is disqualifying and should prevent the person from running for/being president is beyond absurd and utterly preposterous.

Entrepreneurs/businessmen borrow money to use it, not to keep it under their pillows. They use it to invest in their businesses, open new businesses, buy supplies, build, renovate, create a new product, improve existing one.... This my democrat friend is how jobs are created in societies, regardless of Bernie/Chavez/Fidel's views that jobs must be created by governments.

 

No, we weren't at that part of the discussion because YOU changed the topic, as follows:

YOU: Huh? Trump's innovation, entrepreneurship, business acumen that lead to business growth and the creation of tens of thousands of high paying middle class jobs is not praise-worthy?

ME: Please remind me when we were discussing "Trump's innovation, entrepreneurship, business acumen".
Oh, that's right - we weren't.

 

... and perhaps balance it against the number of business closures, loss of pension funds, loss of jobs, etc. etc. caused by his bankruptcies and simple failure, even as a going concern, to pay what he owes.

 

I was actually, to me the discussion of getting a loan and investing the money in business IS the discussion about innovation, entrepreneurship, business acumen. but unlike you I am not a Bernie/AOC disciple so I can see how you missed the connection. I do associate those things though and I do think businesses like Trump's creating tens of thousands of American jobs are worth of praise and admiration, career swamp politicians like Biden, Bernie Kamala - not so much.

 

$842M debt (as per your claim)
$2,500M --net-- worth.
That's the same owing $84,200 on a $250,000 house.
As the homeowner, why would the $84k debt on the house worry you?

 

Jesus! Tone deaf when he says that $424 million dollars is peanuts, pocket money for him, when millions are suffering with unemployment and uncertainty and not knowing how to put food on the table for their families. I couldn't care less if the "left wing media" is lying about the precise figure of his debt or not. By the way, not that I care, but apparently it isn't a lie because Trump admitted to it during his town hall.

Again, dammit, you all seem to have a huge comprehension problem. MY POINT IS NOT IF THE FIGURE IS ACCURATE OR NOT, A LIE OR NOT. THE POINT IS HIS INSENSITIVITY AND TONE-DEAF STATEMENT that 424 million dollars are peanuts for him. How do you think that this makes a head of household feel, when he can't feed his kids??? And this, coupled to the fact that the person saying that he is so rich that 424 million dollars are pocket change for him, doesn't even pay taxes??? $750 in two recent years, and zero in each of ten other years???

I mean, we all know that Trump think of we, the people, as losers and suckers. But displaying it for 13 million people watching the debate, less than 3 weeks before the election, is not wise. Just like Mitt Romney's 47% comment, I guarantee that Trump will lose some votes because of this.

 

JESUS!!!!!'
I'll say it slowly to see if you get it.
THE. POINT. IS. NOT. HOW. MUCH. IT. REPRESENTS. FOR. TRUMP.
THE. POINT. IS. TRUMP. SAYING. OUT. LOUD. THAT. $424 MILLION DOLLARS. IS PEANUTS. WHEN. PEOPLE. ARE. SUFFERING. FROM. THE. ECONOMIC. CRISIS.

Please, read the above five times, out loud, slowly. Do it now. I'll help.

One.
Two.
Three.
Four.
Five.

Get it now? It's not rocket science. The point is really simple. Why in the hell do you keep pretending that the point is something very different?

Look, even if this *is* pocket money for Trump, saying it to the face of people who are suffering is what makes it tone-deaf.

Here is how he could have responded to it without being tone-deaf:

"This all needs to be understood as a percentage of total assets. Given that my business is real state, it is common to have some debt as a percentage of assets, like people have mortgages that are a fraction of the total value of their homes. I am fully aware that this number is enormous when other people are suffering from the economic crisis and unemployed, and I'm deeply sorry for them, which is why I want to jump-start the economy to give them a better chance, but what I'm saying is that this situation of having even a large debt is not uncommon for a real state businessman."

There.

Not "$424 million dollars are peanuts for me."

 

A real contrast to most politicians who have never started a business, run a business, or created real jobs.