Posted on 02/09/2024 9:46:00 PM PST by 7thson
The past several years, I have heard and/or read of how bad a businessman President Donald Trump is and has been during his life.
I went online to look for examples and it seems the stories that he is a bad businessman are from leftist outlets - CNN, NPR, MSNBC, the New Yorker, NYT, and so on. (Side note - does Forbes swing to the left?)
So I need assistance from my fellow Freepers and from Freeperland.
Is there an unbiased source of information concerning President Trump's wealth, how he obtained it, how he has grown his wealth, etc?
Thank you to all in advance who can/will provide this type of information.
His net worth is in the billions. How bad a businessman can he be? And he got it by building things, not through politics.
No, he isn’t a bad businessman. He’s a bad husband, but a great businessman.
He is a badly flawed human and a bad husband but a good businessman.
What politician isn't?
I don’t remember where I read the long article, but it basically says this:
His father Fred was a tough businessman good at business, but he was a “slumlord” and that was not prestigious.
He wanted to up the image so he made Donald the face of upscale business, but just the face ... Fred Trump still ran everything.
After his father died Donald Trump made a series of business decisions that didn’t work out and was near bankrupt. There is a video where he points to a homeless guy in NYC and says that guy is richer than me.
Becoming a TV star saved him and he made a lot of money from The Apprentice.
Not to mention, a great President
He’s had his ups and downs. I think he’s a sloppy businessman and as president we see he’s a horrible judge of character. His personal life is bad and costing him time and again. Politically he lacks discipline, patience, and ability to negotiate, leaving his changes fleeting at best, often DOA. His legacy was shortlived as his EOs and successes were overturned and reversed immediately upon leaving the White House.
He is a badly flawed human
—What politician isn’t?
——-
What human isn’t?
Back in the 80’s he was the quintessential rich businessman.
So is he a good businessman? Yes.
Trump’s 6 bankruptcies were all corporate and all appear to be strategic-fairly common in the real estate game. Knowing when to fold ‘em is also evidence of being a good business man.
Lets change the subject from Biden’s senility...
True
He multiplied a $400 million inheritance into a $5 billion (approximate) personal net wealth. I don’t think that’s bad at all.
Those who deride him claim that he could have done better if he just invested his money. I always ask these financial geniuses where I should put my net wealth for the next years, but they never seem to answer.
Agreed. Trump had 5 to 7 bankruptcies from what I can figure. The number varies from story to story, but this number is in your range. He invested in, what, 500 real estate deals? And 6 come back as needing bankruptcies? When 50 % of new startups in the US fail, I like the odds of investing with Trump. And of the bankruptcies, how many of them were saddled with so much debt, that it was near impossible to salvage those businesses.
I’d say he’s the best President since Ronald Reagan.
I would walk through hoops of fire and over broken glass to vote for him.
Contrary to some other recent posts Trump like every other leveraged real estate mogul was a beneficiary of the emergency zero percent interest rates that lasted for ten years.
Everyone is a good businessman when the market is going up.
Exactly.
Trump’s real estate mistakes was not sticking with what he knew, which was residential and commercial. For the casinos, he swung for the fences, which is not always wise.
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.