Posted on 02/27/2016 10:00:22 AM PST by TBP
A lot has been written about how Donald Trump’s asset churning and bombastic attacks on partners and takeover targets in Atlantic City may have profited him personally, but ultimately led to the demise of his Atlantic City casino empire, costing small investors, contractors and suppliers millions of dollars and throwing thousands of employees out of work.
But as our friend, and former Justice Department lawyer J. Christian Adams has documented, Atlantic City isn’t Trump’s only failed enterprise, nor is it the only example of how Donald Trump has made money by duping Donald Trumpand bullying the little guys he now claims to speak for.
As Adams documented in the must-read article for PJ Media “Donald Trump's Record of Business Failures and Bluster,” Trump’s “legacy of business failures goes beyond the four bankruptcies of his Atlantic City casinos. It includes outsourcing jobs to China, ripping off students seeking an education, and leaving a path of devastated Americans in his wake.”
Far from being an adept job creator, Trump's business history reveals someone skilled at making money at the expense of other Americans while his businesses fail – and a man who will say almost anything about these failures.
As evidence Adams first cites the example of Louis Piatt and Trump University.
Trump University was an unaccredited program that was supposed to teach ordinary Americans how to hit the big time in real estate. Mr. Piatt put his faith in Donald Trump before he concluded as Christian Adams put it, “Trump University was a worthless scam.”
Professor Donald supposedly would offer personal lessons on how to make money. And says Adams, in a perverse way, Trump did.
Trump University made money by fleecing regular Americans who saved and paid tens of thousands of dollars in tuition before it vanished. Trump University taught a harsh lesson in grifting concluded Adams.
Trump University isn’t ancient history. The scam collapsed in a blizzard of lawsuits in 2010, and in 2013 (about the same time the Trump’s Atlantic City Taj Mahal was opening its strip club with lap dancing) the New York attorney general sued Trump University for $40 million for allegedly defrauding students.
Christian Adams goes on to cite a legacy of failures in Trump Vodka, Trump Airlines, and memorably Trump Steaks about which one reviewer might have been channeling a warning to voters in 2016 when he said:
These burgers were tasteless loaded with fat and very messy to clean up after. Trump stated on the air that they were low in fat and would be helpful to anyone who is trying to watch their weight. This just is not the case they are so full of fat that the color of these burgers are white with a little pink. I am no stranger to Angus beef and high quality lean cuts of meat -- having a butcher in the family. I believe his burgers are not what they say they are.
But the scams didn’t end with Trump University – they are still being perpetrated through Trump’s vulgar (and unconstitutional) bluster about forcing CEOs who manufacture their goods in China to bring those jobs home.
You see, while Trump would like to bamboozle you into believing he’s strictly a “made in the USA” kind of guy, Adams points out Donald Trump’s eponymous neckties are not made in the USA – you guessed it – they’re made in China.
Trump built the scam by profanely threatening that if he is elected he would not only stop outsourcing jobs to China, but he would tell those CEOs who do so that they can go “f--- themselves.” Trump’s vulgar threat probably wasn’t self-directed, but, as Adams observed, it is part of his “say anything” approach to the presidential race.
Likewise, Trump’s bluster and threats of lawsuits are part of his tough guy image. But the reality is that when matched against the big boys in a court of law where facts and reality matter Donald Trump hasn’t been a winner, but a major league loser.
And in one of his most notable losses the leagues were the United States Football League and the National Football League.
You may recall that the USFL played in the spring and did well in the first few seasons because it did not have to compete with the NFL.
Enter Donald Trump to foul it up.
As Christian Adams documented in his report for PJ Media, in the league’s second year Trump bought the New Jersey Generals. Trump browbeat the other owners into moving the USFL schedule from the spring to the fall, thereby taking on the National Football League.
That started the fast decline of the USFL, and to make matters worse, Trump threatened a lawsuit against the NFL, eventually instigating an antitrust suit against big league football.
The outcome of the lawsuit was a joke, laughed at in law school classrooms to this day: Trump’s USFL lawsuit resulted in a mere $1 in damages (increased to $3 under federal antitrust law). Think about that next time you hear Trump threaten to sue someone, or talk about his record in the courtroom.
Adams points out that Trump uses the same bluster on the campaign trail, threatening to sue Ted Cruz or others who exercise their first amendment right to speak ill of him, but Cruz has now called his bluff.
We are looking forward to finding out if Trump will actually face off against Cruz in a forum where bluster and threats are meaningless.
Throughout all of Trump’s bankruptcies, business scams, and failed gambles, says J. Christian Adams, there has only been one constant -- Donald Trump’s ability to come out on top.
When he outsources jobs to China or rips off those who attended Trump University, it is the little guys, American workers who put their faith in Donald Trump, who bear the cost of his dealings, not Donald Trump.
Click the link to go to J. Christian Adams’ must-read article “Donald Trump's Record of Business Failures and Bluster” on PJ Media.
send Cruz $1000 if it makes you feel better.. and I’d add that you should send Jim Robinson a ton of cash the way you are spamming up his property
Trump might make a good Secretary of State.
Cruz lost, its over, your Brilliant, “Seventh King”, was too political Stupid to realize by Tag Teaming with Rubio, he did nothing but hand the stick to Rubio. Cruz politically, is one of the dumbest MFers I’ve ever seen. Beck and Tag Teaming with Rubio>>>Moron.
What will you do when Cruz drops out and endorses Amnesty Boy?
When he does that he will prove himself a fraud.
I already had inklings when he voted for TPA and the Corker bill.
Free Republic is all about open political debate and discussion. There are lots of Pro Trump articles being posted as well. So, please take your censorship off this conservative site.
You are going to lose so bad on Super Tuesday. I will enjoy every minute.
Trump is unstoppable, and I am thrilled.
Cracked me up!
Somebody like Trump hired foreigners to be a maid and a bartender ... Rubio’s parents.
Trump 49, Cruz 26, Rubio 21 with 3 days to go
Unreal so many conservatives support Cruz, who voted to give Obama trade fast track status. Ted Cruz is not who he seems. Cruz and rubio are globalists. For God’s sake, he wrote an op ed with Paul Ryan in the WSJ to promote TPP and undermine american soverignty. Oh but but he has a high conservative rating...sheesh
Is that a tingle running down your leg?
Do you spend all day searching for anti Trump articles, or does someone feed you the links?
And the real question is, do you honestly believe you are changing any hearts or minds?
I enjoy your posts much more when it is a discussion of policy and not just article after article about how much you hate Trump.
We can agree, and we can disagree, that’s the fun of a discussion. But that constant posting of every possible thing that might or might not make Trump look bad is not engaging that discussion of policy.
Ted Can Fix It!
Well fortunately soon Trump will be duping and bullying Congress into doing their job. So cheer up its all good. :-)
I have voted straight Republican since 1978.
I have NEVER been so pumped about a candidate as I am about Trump. Sorry if you disagree. The country needs a big change. I see two possibilities with Trump as president:
1) Trump fixes some problems, because he's not like the career politicians who want to perpetuate problems.
2) Trump screws up everything and causes an actual revolution which sweeps away the Establishment in blood and fire.
Either way is fine with me. What isn't fine is to limp along with the Uniparty and people like Rubio and Cruz who are just sleazy politicians. Those people need to go away.
You are tossing stones against a mountain at this point. Still think the mountain will topple? That mountain is not Trump, the mountain is 'Awareness.'
Nothing Trump has ever done even touches the sin of the RNC and establishment. You could multiply Trump's vileness times 1000 and still you couldn't see even see it next to the RNC.
Personally, I don't find him that vile to begin with. Business is business, kiddo. You can't do it with out ruffling some, no matter how ethical you are.
The RNC/Establishment on the other hand ... to be honest, destorying America is to me a bigger case than paying an old lady a lot of money (substitute your victim here) for a property where she'd rather stay.
In fact, let's just accept both are true. Destroy America, upset old woman but pay her well.
Who are YOU voting for?
You're interests are clearly not for America, or at least not the one that was founded rather than turned into a milking cow.
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