Your Daily Trump––Trump the Business Failure

Everyone who is not in his cult now knows that Trump lost close to a billion dollars in 1996 and got American taxpayers to reimburse him for his stupidity.

Pulitzer Prize winning financial journalist David Cay Johnston goes over the fiasco in this article.

Frontline takes a close look at how the Trump failure unfolded, and it gives you a pretty good idea how rich people avoid losing big even when they fail big. His bankers didn’t foreclose on him publicly. They figured his name on the casino and hotel buildings was worth more than the encumbered real estate, so they left his name up. It appears that his name in large gold letters––just the letters, not the buildings–– might be the only real estate Trump owns. So the Trump name works as a neat metaphor for something that is all show and no substance.

That wasn’t the first time he lost that much. The first time was in 1990, as reported in the Wall Street Journal.

Chris Christie, Trump’s poodle who is also governor of New Jersey, is trying to spin the loss of $900+ million as a smart move. Even FoxNews laughed.

Christie himself softened Trump’s losses in New Jersey by cutting him a sweetheart bankruptcy deal. New Jersey's own reporters covered this story.

While Trump’s casinos lost millions Trump made millions. It’s very hard to lose money running a casino. Usually this is because casinos always make money. Trump’s didn’t. But Trump paid himself as if they did. Everyone who invested with him lost their money, but Trump paid himself millions. Reported by VOX.

By the way, the immigrants Trump says “steal American jobs”? They don’t. Billionaires do. The National Academies of Sciences, Engineering and Medicine appointed a task force which crunched the numbers and discovered the truth. Of course the folks inTrump’s cult despise experts. Reported by Bill Moyers.

Your Daily Trump––When You Lose, Trump Wins. Think About It.

Nobel Prize economist Joseph Stiglitz said on CNBC interview that, if elected, Trump would probably bankrupt the US. (Something Trump’s very familiar with.)

Watch it here.

Meanwhile, Moody’s (the most trusted metrics on economic prospects are at Moody's) assesses Clinton’s economic proposals positively. They’d make our economy stronger.

The Moody's assessment of Clinton's policies.

The Wall Street Journal reports that most of the economists who have advised presidents believe Trump is a major risk.

There are a lot of Americans who feel the economy is rigged, and it is, but the solution isn’t to break it. When the economy breaks down it’s working people who lose everything.

Two years before the economy collapsed in 2008 Trump said this: "I sort of hope that happens because then people like me would go in and buy.” And this: "If there is a bubble burst, as they call it, you know you can make a lot of money. If you're in a good cash position -- which I'm in a good cash position today -- then people like me would go in and buy like crazy.”

What hurts most Americans makes Donald Trump rich and he knows that. He acts on that kind of idea.

Trump’s web of conflicts of interest are global in scale, “huge” to use one of his own favorite words. Kurt Eichenwald (Pulitzer finalist and twice winner of Polk award) reports.

The condensed Eichenwald story at VF.

The fuller Eichenwald analysis at Raw Story.

Pulitzer Prize reporter David Cay Johnston on Trump’s plans to replace all military leadership with generals loyal only to him. And his plans for endless war.

Trump’s long trail of black eyes and broken lives, from the New York Times.

Trump’s former attorney warns against electing him president, at HuffPost.

Think the Clinton Foundation is shady? (It isn’t, sez the leading charities watchdog which gives the Clinton Foundation its highest rating). Take a look at the Trump Foundation. [sic] At VOX.

Meanwhile the Clinton Foundation gets an A rating from CharityWatch.

Why the endless investigation of this well run and truly helpful foundation while Trump's foundation spends other people's money, not Trump's, and spends it on things like Tim Tebow football helmets and 6 foot high paintings of Donald Trump to hang in his building.