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George II

(67,782 posts)
Mon Sep 28, 2020, 11:14 PM Sep 2020

HOW REALITY-TV FAME HANDED TRUMP A $427 MILLION LIFELINE

Source: NY Times

Tax records show that “The Apprentice” rescued Donald J. Trump, bringing him new sources of cash and a myth that would propel him to the White House.

Sept. 28, 2020

From the back seat of a stretch limousine heading to meet the first contestants for his new TV show “The Apprentice,” Donald J. Trump bragged that he was a billionaire who had overcome financial hardship.

“I used my brain, I used my negotiating skills and I worked it all out,” he told viewers. “Now, my company is bigger than it ever was and stronger than it ever was.”

It was all a hoax.

Months after that inaugural episode in January 2004, Mr. Trump filed his individual tax return reporting $89.9 million in net losses from his core businesses for the prior year. The red ink spilled from everywhere, even as American television audiences saw him as a savvy business mogul with the Midas touch.


Read more: https://www.nytimes.com/interactive/2020/09/28/us/donald-trump-taxes-apprentice.html?action=click&module=Spotlight&pgtype=Homepage



This is a follow up of the NY Times blockbuster report from over the weekend.

Look for continuing articles about trump's tax fraud issues!
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tulipsandroses

(5,122 posts)
1. Its too bad they didn't do this kind of reporting in 2015-2016 - People outside of NY needed to know
Mon Sep 28, 2020, 11:21 PM
Sep 2020

he was a fraud. Maybe so many gullible people might not have bought the brilliant business man BS . A bunch of grifters. And the American people never saw it coming. Jared had that albatross of a building hanging around his neck too that the loan was coming due- This family has used the presidency for profit.

BumRushDaShow

(128,844 posts)
7. The NYT has been reporting on his failures since the early '70s
Tue Sep 29, 2020, 05:47 AM
Sep 2020

from the housing discrimination mess and settlement, through to and including the 3 Atlantic City casino fiascos. The bigger issue is why the broadcast media chose to focus on "Her emails®" (while even today, ignoring Ivanka's "emails" ), although I suppose they figured the smutty "Access Hollywood" stuff should have been enough.

George II

(67,782 posts)
12. Even the NY Post in the '70s and early '80s reported about his financial issues, too...
Tue Sep 29, 2020, 12:27 PM
Sep 2020

A big story in the mid-1970s in the NYC metropolitan area was the opening of the Atlantic City casinos, the first outside of Nevada. trump was deeply involved in that, and because of the casino reporting we got to see a lot about his other finances, too.

BumRushDaShow

(128,844 posts)
16. And I can imagine that the NY Daily News had some choice words about him
Tue Sep 29, 2020, 02:59 PM
Sep 2020


When PA legalized gambling and 2 facility licenses were assigned to Philadelphia by the PA Gaming Control Commission, guess who submitted a bid?







The Powerpoint presentation (as a PDF file)

https://www.phillymag.com/news/2016/02/18/donald-trump-philly-casino-boyz-ii-men/

When he lost the bid, his remarks were -

Fuming Trump criticizes Rendell over casino move
Updated Mar 23, 2019; Posted Sep 18, 2008

By The Associated Press
The Associated Press
Real Estate Mogul Donald Trump is criticizing Pennsylvania's Gov. Ed Rendell for casino licensing ways.

COLTS NECK, N.J. -- Donald Trump says Pennsylvania Gov. Ed Rendell is doing a lousy job and letting his pals reap the rewards of Pennsylvania's emerging casino business. "Pennsylvania is a little too political of a state for me," Trump said Wednesday at a news conference at his newly purchased $28 million golf course in New Jersey horse country. "It sounds like you have to be a friend of the governor to get a casino."

In 2006, Trump lost out on the chance to build a casino on an old industrial site in Philadelphia's withering Nicetown section. State gambling regulators who selected the sites questioned whether visitors would show up and whether other businesses would invest in an economically depressed area with decaying infrastructure. Instead, the Pennsylvania Gaming Control Board awarded licenses to two companies that planned to build slots parlors on the Delaware River waterfront.

One of the projects, the Foxwoods casino, ran into such stiff community opposition in South Philadelphia that Rendell and Mayor Michael Nutter brokered a deal to move it downtown. The proposed site change, announced last week and still in need of regulatory approval, has left Trump fuming, the Philadelphia Daily News reported today.

"What the governor did is outrageous," Trump said. "He let a group of his political friends go to another site." He added, without elaboration: "I think he's doing a lousy job as governor." Trump himself could be considered a political friend of the Democratic governor. He gave Rendell campaign contributions totaling $32,000 between 2001 and 2003.

https://www.pennlive.com/midstate/2008/09/a_fuming_trump_criticizes_rend.html


Eventually one license was awarded to what was then called "Sugar House" (formerly the Jack Frost sugar refinery along the Delaware River in the Northern Liberties section of the city) and just renamed to "Rivers Casino", and the other one mentioned in the above article - Foxwoods - got torpedoed. So finally, over a decade after that, the 2nd casino license was awarded to a firm that planned to open just this year down in the stadium area in South Philly... except now -COVID- so that got delayed again.

George II

(67,782 posts)
17. What was really funny was that maybe five or six years ago New Jersey and the Atlantic City....
Tue Sep 29, 2020, 03:26 PM
Sep 2020

...casinos (at Gov. Chris Christie's direction) sued to overturn a long-standing Federal law prohibiting betting on sports in the US (just recently expired anyway)

The lawsuit went to the Federal Court in Philadelphia, and it lost. The judge? Mary Trump, donnie's sister! She hated him as far back as 2012.

I was shocked and her decision, but when all the tapes came out a month or two ago I understood.

Beartracks

(12,809 posts)
2. The man's a walking patsy for foreign manipulation. His decisions can't be trusted and...
Mon Sep 28, 2020, 11:36 PM
Sep 2020

... his nominations and executive orders should be suspended.

=======

BigmanPigman

(51,584 posts)
3. So the genius businessman (aka con man/actor)
Mon Sep 28, 2020, 11:48 PM
Sep 2020

got $400+ from his Big Daddy Drumpf and another $400+ from his TeeeVeee show and blew it all. Genius?

Locrian

(4,522 posts)
8. Jeff Zucker - scum
Tue Sep 29, 2020, 07:37 AM
Sep 2020

Jeff Zucker. The one that gave him the apprentice deal and LATER continued the same "reality show" when he was president of CNN and continued to give trump free publicity and exposure.

Guys like these where it's all about the $$ and who cares the consequences are a large part of trumps "success"

llmart

(15,536 posts)
9. I'm very proud to say...
Tue Sep 29, 2020, 08:32 AM
Sep 2020

that I never watched one episode. To this day, I have no idea what the show was about. I'm assuming it had something to do with business people wannabees who thought he could help them make a ton of money?

Like I said, I have no idea and I'm glad I didn't contribute in any way to this nightmare we're in.

jmowreader

(50,553 posts)
19. It's about torturing people
Thu Oct 1, 2020, 06:11 PM
Oct 2020

A certain number of people, all of whom are business types, are trying to get a $250,000/year job with Donald Trump's company. They spend many weeks doing degrading tasks, and at the end of each task one person is kicked off the show with Trump's signature line "You're fired."

When Biden wins the election, he needs to start his acceptance speech with, "Mr. Trump, you're fired."

llmart

(15,536 posts)
20. Oh brother.
Thu Oct 1, 2020, 07:27 PM
Oct 2020

That is one sick premise for a TV show. However, they certainly had the proper host for a sick reality TV show, that's for sure.

Who watches crap like this for entertainment? Are their lives so terrible that watching something like this makes them feel better about their own lousy lives?

We have a very large segment of our population that doesn't have the sense to come in out of the rain.

hunter

(38,310 posts)
10. Television made Trump as a fake celebrity...
Tue Sep 29, 2020, 09:38 AM
Sep 2020

... and then as a celebrity presidential candidate. They fluffed up Trump and berated Clinton to maximize their advertising dollars. Everything has to be a horse race. Trump vs. Clinton, Republicans vs. Democrats, Ignorance vs. Reality.

Television needs to die.

Television news and opinion is shit.

My wife never watched news. I quit television news after a few days of useless and repetitive 9/11/2001 hyperbole.

My wife and I quit television entirely more than a decade ago.

Our television plays DVDs and Netflix. The only television commercials I see are those people occasionally post here as YouTube videos.

Cable and Satellite companies don't get our money, television advertisers don't get our eyes and ears.






EarthFirst

(2,900 posts)
13. Our household as well...
Tue Sep 29, 2020, 12:31 PM
Sep 2020

We have a few subscription based streaming formats for mainly documentary films and occasional veg material; however we don’t consume one iota of network or cable programming in our household.

erpowers

(9,350 posts)
11. Trump Nation
Tue Sep 29, 2020, 12:20 PM
Sep 2020

I understand people may not want to read the book, but all of this was laid out in the book Trump Nation. The book came out about ten year ago. It was a good and interesting book. The author mentioned the fact that, before The Apprentince, Donald Trump was pretty much so broke. The author also discussed the Trump Organization and other deals that Trump and his family had made, or tried to make.

 

not_the_one

(2,227 posts)
14. The turd is the result of unintended consequences...
Tue Sep 29, 2020, 12:57 PM
Sep 2020

Remember the Hollywood writer's/actor's strike? You know, the one where producers had to scramble for a replacement for the teevee fare at the time, and in their infinite wisdom (actually it was more like desperation), came up with "REALITY TV"?

I am sure the strikers had just cause to strike. Strikers usually do. There is usually some gross injustice that ends up evoking that ultimate attack. It just goes to show that once a step is taken, what comes next is anybody's guess. It could be good, and it could be bad. The original intentions of the responsive step becomes irrelevant.

REALITY TV was certainly a cheap, and easy solution. Networks made bazillions, while simultaneously foisting crap (even worse than the usual crap) on the teevee viewing public.

Of course there was nothing REAL about it. It was totally scripted, in the sense that the usually unknown actors were told to be confrontational, combative, insulting, physically abusive (within limits, of course). After all, THAT is what got the attention of the American public. The result? We, the viewing public, were subjected to endless shows that tried to outdo the others in offensive behavior. And we were blessed with the likes of the Kardashians, and Trump.

The turd was never passed off as an actor, he was a "celebrity". It didn't matter that he was fake, his background story, his wealth, and CERTAINLY his hair... NBC was the root source of this gross amateur posing as a successful businessman.

We now know that it was all just that. FAKE.

And I am sure the writers and actors involved in a strike for fair and just rewards, had no idea what they were setting in motion.

It shows that whenever we make decisions, we have no idea what will come as a result of that decision. It wasn't the writers and actors fault. NO ONE in positions to do anything about it, DID anything about it. They were too busy cashing in.

Now THAT is certainly appropriate, how very TRUMPIAN.

FakeNoose

(32,630 posts)
18. Yes exactly this!
Tue Sep 29, 2020, 04:15 PM
Sep 2020

I've hated "reality TV" shows all these years, and it all goes back to the writers' strike.

Besides Chump becoming famous in "The Apprentice" you know who else catapulted to fame *for no reason*? The Kardashians.


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