Trump - America's Biggest Loser!

[MineralMan]

His tax transcripts prove it. So, we have a President who lost over a billion dollars in his own businesses. Now, he's in control of the largest economy in the world.

What could be wrong with that?

VOTE HIM OUT!

[Timmygoat]

1. I guess we all know

Now, why US banks did not want to loan him money, and he had to go to Russia and the Saudis for money.
Of course now, this country is held to ransom and Trump is scared to ever mention the atrocities in those countries, remember Kashoggi ?

[MineralMan]

2. Yes. That, exactly.

[Jarqui]

3. He also lost over $900 mil in 1995

So he lost over $2 billion from 1985-1995 (11 years)

Which makes him one of if not the biggest loser in US history!

He only needs to lose by a few million votes in 2020 ...

[dumbcat]

4. I might point out, though folks here won't like it,

that losses for tax purposes are not necessarily real losses.

I'm not saying he didn't really lose any money, but, for example, my son's rental property shows a loss for tax purposes every year (due to depreciation) but is actually cash flow positive.

Taxes are complicated, so we tend to over-simplify, and thus sometimes lose accuracy and credibility among those who know.

[MineralMan]

5. That's not the case with Trump, though.

Donald J. Trump lives on debt. He borrows and uses part of the funds to support his lifestyle, and then invests the rest. When his personal stash runs low, he borrows again and repeats the cycle.

He has managed to do that for most of his adult life. It got harder and harder, forcing him to borrow from less and less reputable lenders. To whom is he now indebted? We don't know, but it seems as though he has turned to foreign lenders with questionable motives and moral values.

There's massive danger in that approach, since disreputable lenders tend to be disagreeable when you near default on your debts. That's when they make demands on you. Trump is in a unique position, and is able, as President, to cater to those demands from foreign lenders.