Posted on 09/24/2015 9:27:26 AM PDT by MDspinboyredux
Thirty years ago, on its opening day in 1984, Donald Trump stood in a dark topcoat on the casino floor at Atlantic Citys Trump Plaza, celebrating his new investment as the finest building in Atlantic City and possibly the nation.
Last week, the Trump Plaza folded and the Trump Taj Mahal filed for bankruptcy, leaving some 1,000 employees without jobs.
Trump, meanwhile, was on twitter claiming he had nothing to do with Atlantic City, and praising himself for his great timing in getting out of the investment.
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
The laws protect them through limited liability and bankruptcy.
But workers who move to a place like Atlantic City for a job, invest in a home there and build their skills, have no such protection. Jobs vanish, skills are suddenly irrelevant and home values plummet.
Theyre stuck with the mess.
(Excerpt) Read more at billmoyers.com ...
Name Fiorina's success stories. Do they outweigh the failures? Now, name Trump's success stories. Do they outweigh the failures? See the difference?
Bankruptcy is available to all.
The free market has and always will be about timing. Buggy whips anyone?
As usual, your Trump infatuation syndrome cannot allow you to see the point I was making. I am not a Carly fan, I am a Cruz supporter. But my point is not about whether or not Carly was a good CEO, or whether Trump is a sleazy businessman that buys politicians. My point is that Trump supporters are not consistent. They make excuses and defend Trump for things for which they regularly attack other candidates, and attack other candidates using sources that they would denounce as unreliable if used to attack Trump.
Bankruptcy is available to all.
...
The same benefits of bankruptcy are not equally available. George W. Bush and Joe Biden made sure of it.
If my political preferences put me
in the same camp as Robert Reich,
I might give them a second thought.
Just saying, Trump-bashers.
BINGO!!!!
My reality is that Trump is a super good promoter. Through is ability to promote he has amassed a large fortune and has the successful track record to show. Can that translate to a successful president? I don't really know.
My reality is that Cruz called for us voting for Supreme Court Justices is dangerous and political suicide for conservatives. Cruz's track record and his proposals are disasters.
My reality is Fiorina has no successful track record.
Will Trump fair better? He has a track record of success to what he puts his mind to.
So, I have no infatuation for Trump. I simply called you on your either/or logic about Freepers being inconsistent and demonstrated that you are wrong because it isn't an either/or.
I did not call Freepers inconsistent - I called Trump supporters inconsistent. Not all Freepers are Trumpkins. And yes, for Trumpkins it does seem to be either/or...
No kidding! The Marx Brothers. Reich speaks and Moyer delivers. What a duo.
This article is BSandI didn’t even have to read it. Just look at where it came from.
The casino employees chose their jobs and they alone decided whether or not to protect themselves by moving on when they SAW things heading downhill.
In a former life I worked for a Fortune 500 company that had the reputation that “If you have a job at XYZ, you have a job for life.” One day, out of the blue, XYZ announced the closing of the division in which I had worked for 13 years.
Using the thinking that “There’s a great big world out there,” I decided to change careers , into a totally different field. Witin a month I was fully employed, and 35 years later I retired, and am living happily ever after.
El Rushbo has said it often:”If you are willing to CHANGE, and even relocate if necessary, there are jobs everywhere. If you refuse to adapt, or move, you alone are responsible for your lack of success.
Now....let the critics and badmouthers say what they will. I know I’m right. Get off your duff and hustle. There’s a great big world out there. There are employers salivating for solid, energetic DEPENDABLE employees. But you may have to CHANGE or MOVE to meet them.
Amen.
You got that right.
IBTZ
The amazing thing about this to me is that the same Trump supporters who will post and cite comments from leftist economics professors to support their contention that Fiorina was such a bad businessperson will howl and scream when another leftist economics professor says something negative about Trump’s business practices. Login and intellectual consistency does not seem to be their strong suit.
I agree 100% Trump makes boiler room schemes look legit.
Tuck, I agree, but where in the country do you suppose all the laid off oil field, pipe fitters, machinist are suppose to move now in the new Obama economy.
The oil business dragged America out of the recession and have been layed off in droves. Where do you suppose they should move now in the great Obama economy.
I wish the LSM would show stories about all those boom town North Dakota, Marcellus or south Texas towns today
I often wonder why I rarely get responses. I guess common sense isn’t too much here?
ZOT people because they see Trump as the Trojan Horse that he is?
Got it.
Republicans used to be the independent thinkers. It was the Democrats who mindlessly towed (kneejerked) the hive mind.
If they insist on remaining in that one field; you’re right. Slim and none. And I don’t have all the answers, either.
But those strong, tough oilfield workers....a lot of other jobs would be like tiddly winks for them. Around here the trucking companies are crying for drivers. Depending on conditions, they may have to make less money, at least tenporarily.
Did they store up any acorns to fall back on for such a time as this when they were making big money? Or did they acquire 2 new cars, a new pick ‘em up truck, a boat and 2 ATVs, and put themselves in hock “up to here”? Just asking. The other side of the coin is, did they behave themselves and really manage their assets when times were good? A lot of them apparently didn’t.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.