Read part one for an introduction into the topic
It is widespread belief that most Trump’ supporters have no clue why someone would have a company filed for bankruptcy. They heard the word before, they have a general idea but they are totally clueless as far as the implication. That is probably one of the reasons it doesn’t bother any of them that Trump filed for bankruptcy six times. That may also be the reason they continue to believe Trump is a great businessman; that is most likely the reason they blindly believe Trump is capable of fixing the US economy. For those who don’t want to stay ignorant or in the dark, here is a primer.
NO company (or individual) files bankruptcy because it’s doing great financially. Trump could be the exception; he is probably the first and only successful businessman who has to file for bankruptcy every so often. His latest filing was in 2009. I was just kidding about successful businessman filing for bankruptcy; I probably meant, successfully filing for bankruptcy. It’s worth repeating that no company (or individual) files bankruptcy because it’s doing great financially. You may already know that; you may even have a general idea what bankruptcy is. But what you probably didn’t know, something which should puzzle you is why would a successful businessman such as Donald Trump file for bankruptcy six times? Since Mr. Trump has thus far refused to release his tax return documents which could provide answers to many questions, we can only provide here general parameters within which Trump operates his business. There are only two ways to explain Trump’s frequent habit of filing for bankruptcy- 1) he is not the successful businessman he portrays himself to be 2) he deliberately screws people over. Neither one of those are “qualities” a rational individual would want in a president.
Donald Trump considers himself a successful businessman, not because of his knowledge and successful business operations but rather because he takes advantage of bankruptcy regulations which provide him a shelter against creditors, vendors and contractors. He is so comfortable with the idea of frequently filing for bankruptcy that he even suggests a similar approach to the national debt. Most people believed he could have been kidding.
Well, it turns out that Donald Trump was not kidding at all when he suggested that US should default on its debts. In fact, Trump has done exactly that during his whole business career. In addition to filing for bankruptcy, the main driver which forces creditors to accept the little he offers to pay back of his debts, he also denies payment to small contractors and vendors who sold products or rendered service to his company.
When a company (or an individual) files bankruptcy, most small creditors, contractors, service providers (who cannot afford legal representation) do not get paid – shocking revelation, huh! that’s exactly what Trump did to those small businesses – large contractors (they’re able to afford a lawyer) would usually get penny on the dollar; for example, a creditor who extended $10 million credit to Trump might get $1 million or less once Mr. Trump files bankruptcy.
In other words, Donald Trump is a “better” crook than a successful businessman; it’s even worst. Since to screw people over and over doesn’t in any way, shape or form affects his personal assets or wealth, Trump has made a profession out of filing for bankruptcy, six times so far. You see, Trump wasn’t kidding when he offered NOT to pay the national debt. He built a fortune not paying his debts.
If you have a friend who has filed bankruptcy six times and is now looking to manage your money or to run your company, would you let him?
The very successful businessman (sarcasm) you blindly trust to fix the economy has failed again and again and again. He has screwed people over and over again. Donald Trump is not the successful businessman he’s cracked up to be; he is a crook by definition.
Mr. Trump could have easily put the matter to rest; the release of his taxes would reveal much about his business practice and the sources of revenues. Such move would either vindicate him and make all critics look like fools or prove how much of a crook he is; it’s most likely the latter.
Donald Trump lashes at anyone who asks to see his tax return documents but wants you “to simply trust him” that he is a great and successful businessman. Mr. Trump fabricates most everything he says. Since the primaries, he’s relied a great deal on his loud voice to drown out his opponents all the while promoting fibs to a very gullible crowd of supporters. You don’t have to be a genius; actually, you don’t even need a High School diploma to do simple math or draw simple conclusions. Well, your lover Donald Trump has been lying to you since the day you’ve met him but he wants you to just trust him.
He’s repeated those lies so frequently even he has come to believe they’re true. He’s made billions of dollars because he’s very good in negotiating deals; he’s the billionaire, the only one smart enough to negotiate good trade deals for the United States. He knows China like nobody else; he knows Russia like no other politician; as far as Mexico, well, you already know the rest. What Donald left out is his very successful companies had filed several bankruptcies, six to be exact, the latest bankruptcy filing was in 2009. So, what? You might say. You mean that any average minded individual would know Trump cannot help with the economy? Or do you mean the fact that he may be – again – on the verge of filing another bankruptcy?
Donald Trump is a crook, a demagogue and a liar. He is not worth the sacrifice of the nation.