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

I'm sorry you cannot properly relate to proportions; most people do not have that issue.

 

Dude. Are you allergic to peanuts? Trump did not know that LOL you libs are a riot.

BTW what was the context of that peanut thing again? Oh it was that his business debt is extremely healthy given his net worth and is no cause of concern, that compared to the industry he is in fact substantially underleveraged (I imagine you would not know the term).

I thought I'd seen it all in the last 4 years but not yet, now the libs are freaking out over the word peanuts. You just can't make this up

 

it is tone deaf compared to the value of assets. He was asked a question and gave a honest answer and explained why it wasn’t a big deal.

the NY Times highlighted he did nothing illegal in his taxes and he only owed what he owed because he prepares taxes.

 

Impressive. You still don't get it. It's not the proportion part, it's the tone-deaf part.

 

Well, if the libs are, I wouldn't know because I'm not a liberal.

 

He could have said it without being tone-deaf. That's my only point and it's impressive how I've been repeating it for like 10 posts but you guys still don't get it.

 

i thought he was clear. It shouldn’t be a story at all but the left wing propaganda pieces made it one

 

Yes, he was clear. And tone-deaf. It is indeed pretty clear that he thinks of the little people as losers and suckers.

 

Problem is we don't know that. And even if true, the businesses would have to be successful to mean anything to the economy. Trump has a history of failing, using other people's money. He was successful with the Apprentice, but it's been reported he's gone through everything he made off that show. Trump's pattern is to spend like a drunken sailor. Sure, hundreds of millions creates many jobs, but if the owner can't keep the businesses afloat, those jobs go away. It would have better for the economy to just distribute that money to the employees. It would have eventually made it into the hands of people who know how to invest it.

 

It's a sign of a true leader and a true innovator and entrepreneur, you win and you lose, you keep trying, you get knocked off you feet, yet you get up and continue until you succeed. Trump turned millions into billions and build a world-renown business empire and a brand name.

Not that I expect you leftists to understand, you prefer the likes of Biden, Bernie, Kamala, AOC who have never tried to succeed in the real world and have not created a single job (with Biden shipping millions of them to his Chinese overlords in exchange for 20 pieces of silver) of course.

PS Even an unsuccessful enterprise creates jobs, and venture capital lending the money fully understands the risks involved, they are not complaining and they don't need the liberal whining on their behalf, they take calculated risks and they make enormous profits, occasional losses notwithstanding.

 

not sure where you got that idea.

He was being attacked about the Times article and he explained that debt is not as important compared to the value of the assets.

 

He blew his daddy's money in Atlantic City. He's not this brilliant businessman he pretends to be. He's not 34, he's 74. He's supposed to leave money for the kids, not debt. If he were what he claims, he wouldn't owe anybody anything, much less $400 million.

Leftists, Biden, China, blah, blah. We're talking about Trump's debt and job creating abilities.

Not in the long run. Who assumes risk is irrelevant. I haven't seen any whining liberals but I'll let you know if I do.

 

Dude, focus on the result, not the process.

-He took his daddy's millions and turned them into billions
-He created hundreds of thousands of jobs in the process
-He is not in debt, his assets are worth billions, his debt of $400mln is pocket change (aka a peanut) in comparison, he is underleveraged compared to the industry, which means his business is extremely healthy
-He borrowed $400 mln to invest in and expand his business which created tens of thousand of additional american jobs and put food on tens of thousands of american dinner tables.
-His children are successfully businessmen in their own rights, employing hundreds of thousands of Americans

PS, lest we forget that he coverted one political party into his image, drove another political party into insanity, destroyed 2 political dynasties, signed as many middle east peace agreements in 3 years as all his predecessors combined in 75 years, almost doubled the stock market, rewrote international treaties, achieved energy independence, destroyed two terrorist caliphates... Shall I continue?

 

Sure thing. He's a 74 year old with secret loans totaling over $400 million. The rest is irrelevant.

 

Yep, his global business empire, his universally known brand name and his assets worth billions are irrelevant.

Bwahahahaha wiith this I graciously accept your surrender.

 

you've been screaming bloody murder with a bleeding heart for all the people who've suffered income losses from this disease. Are you the only person allowed to care about other humans?

 

Billionaires don't borrow $400 million, especially in the twilight of their careers. Saying "it's peanuts" begs the question, "Then why did you borrow it in the first place?" It would be like a normal person getting a loan to fill the gas tank. Doesn't happen. Bloomberg is a billionaire. He didn't take out loans for the money he's been spending on the campaign.

It doesn't happen. Reality is on my side.

 

I am not real sure what you are accusing me of. OP says that the president is "insensitive" or whatever when asked about his debt. Seems a bit picky to me with what all we are dealing with in this country.

 

Tone deaf to the fact that $400,000,000 is not peanuts. The guy making $25,000 a year, or less (42% of the wage earners,) has trouble comprehending a world where $400M is considered an after thought.

 

You're claiming his care for fellow citizens makes him a bleeding heart. No, it's called being a human.

 

Well to me it's the OP using this as a jab at Trump. Trump was asked a question and he answered. WTF did you want Trump to do or say different? So that you can jab him again?

 

The point is, he could have promised to release the information at a later date, like he always does. He never releases it, but that's irrelevant. He didn't have to act like snob.

 

Simply said he is broke. He does not produce enough cash, most of his businesses operate at a loss. He lives on cash flow and is bleeding his businesses dry.
He has a only 2 or 3 investments, which operate with a profit, every thing else is in the red.

423 millions are not peanuts, especially if you live of cash flow and everybody knows it. Were will he get that money from, who will finance 423 millions for him.
He is toxic, he ruined his brand with his presidency.

 

Oh I see, you don't understand even the basic things about business, like they don't usually have cash, their money is tied up in the business (never heard the saying it takes money to make money I suppose), that if they see a lucrative business opportunity they don't sell their existing profitable property to collect the money, they borrow, invest, profit, pay off. Duh...

Dude, this book will definitely help you and it's got excellent reviews
https://www.amazon.com/Business-Stu...ettinger/dp/1118348117/&qid=1602971839&sr=8-4

PS Oh and businesses don't have the twilight of their careers even if their owners age. The book will probably explain the concept in more detail though

 

You hate him, doesn't matter what he says. Therefore he says what he wants.