Posted on 09/21/2015 10:40:01 AM PDT by Steelfish
Donald Trump Has One Credential, and It Appears to Be Soft
by Neal B. Freeman. September 21, 2015.
All of us New Yorkers of a certain age remember Fred Trump. For several decades, he was the go-to guy for the city’s middle class. In a vast archipelago stretching across the “outer boroughs,” he built single-family homes, lots of them, and clusters of apartment buildings, whole villages of them. Fred’s projects were “affordable housing” in the anodyne sense of that ominous phrase. A Trump home may have had few frills, but it was well built and well maintained. The neatly trimmed lawns were posted with signs scolding, “Positively No Ball Playing Allowed.” Fred was a legendarily hard worker, a nickel pincher, and, by most accounts, a straight shooter.
And so in the predictable order of things — this was 20th-century America, after all — Fred became a financial success, so much so, in fact, that his son Donald would become while still in short pants one of the richest kids in the country. When young Donald came of age and entered the family business, he learned quickly, and well. He glowed in the reflection of the family’s sterling reputation. He plugged into Fred’s citywide network of contractors, politicians, lobbyists, and bankers. The striving son seemed to be on track to succeed the founding father.
But after a few squabbles it became apparent that a durable partnership between the two strong-willed men was not meant to be. The basic problem was that Donald was not an outer-borough kind of guy. He wanted to take Manhattan, but not the Bronx and Staten Island, too. He grew antsy in Fred’s boxy little office in Coney Island. For his part, Fred could never bring himself to stamp his buildings with a giant, gold-leaf T.
(Excerpt) Read more at nationalreview.com ...
Just doing some research. DT wants to run for president every time there is an economic crises. People who work can’t go to his hotels (or the people they work FOR) or his golf courses. Now the workers can go to the casinos but they are the canaries. So, after realizing the crash is imminent and he would stand to lose his few billions, he decides to apply for a job with housing and lifelong benefits.
It’s always about the money.
He argued against Reaganomics to Congress in 1991 which lead to what? The Real Estate Bubble. How? By extending credit to buy houses...Who lost out? The people voting for DT today who didn’t learn about the mortgages they were signing. They were low-information buyers.
“The House Task Force on Urgent Fiscal Issues met on November 21, 1991 to discuss the credit shortage in the U.S. and whether it is stifling America’s economic recovery.”
https://www.youtube.com/watch?v=Rksd80-FCAw
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