When Donald Trump had real businesses, i.e. an airline, casinos, etc, he built & ran them with a heavy debt load. When his luck ran out, he left his lender banks holding the bag. Consequently they forced him to sell some of his properties: the airline, the Plaza Hotel, etc. & put him on a millionaire's allowance until the debt was repaid. And then they stopped lending him money.
So Trump, Inc. morphed into something simpler: selling the Trump name for a fee. Think Trump university, Trump condos, Trump steaks, Trump ties, etc. and he expanded the Trump golf clubs, financed primarily by Russian oligarchs (whatever their motivation). This formula has been a success for the Trump family.
But Trump can't quite duplicate that as POTUS so he's doing what he knows best: running the United States just like he did his businesses, i.e. with a humongous debt load. Plus he no longer has to play with those nasty oligarchs who could blow up Trump, Inc. in a nanosecond by cashing in (ergo, his political stance on Russia).
Now Trump has a compliant congress & taxpayer dollars so guess who will be left holding the bag this time? Taxpayers will be treated just like his former banks. And, as for the stock market that only 50% of us are invested in, watch out.
If you have a 401k, adjustable loans or use credit cards, your income might go down and your interest rates might go up, house prices could fall, become harder to sell (or buy), construction, food, cars, appliances, national debt costs (interest) might become more expensive. All that put together is a formula for disaster.
And Trump's financial acumen? It will have come full circle.
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Monday, February 12, 2018
Sunday, February 04, 2018
FOCUS, FOCUS, FOCUS
Let's not lose focus.
Candidate Trump promised to scrap sanctions to protect his billionaire house of cards built & supported by Russian oligarch investment/money laundering.
The Russians succeeded infusing his staff w people representing this single issue. They intruded on our 1st Amendment to manipulate the outcome of the campaign (Hillary helped too) to further their goal.
Personal gain. That's all there is to it.
Friday, February 02, 2018
POLITICAL NAIVETE IS NO EXCUSE
Even our forefathers were naive despite their best efforts to construct checks and balances of power.
In their naivete they considered only normal behavior (norms) based on a moral compass. But today we have an abnormal president with no moral compass & the columns, on which OUR Republic stands, are crumbling before his onslaught.
Many talking heads demonstrate that same naivete, HOPING for a cure, effectively saying, rather plaintively: "Gee, that's never happened before; Congress must stand up to the dictator."
The core of this country is -- as we know -- based on an IDEA called democracy and what we see is what results when the people take their democracy for granted and stop participating.
In their naivete they considered only normal behavior (norms) based on a moral compass. But today we have an abnormal president with no moral compass & the columns, on which OUR Republic stands, are crumbling before his onslaught.
Many talking heads demonstrate that same naivete, HOPING for a cure, effectively saying, rather plaintively: "Gee, that's never happened before; Congress must stand up to the dictator."
The core of this country is -- as we know -- based on an IDEA called democracy and what we see is what results when the people take their democracy for granted and stop participating.
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