Posted on 11/06/2015 10:21:17 AM PST by Sir Napsalot
Friday on Fox New Channel's "Fox & Friends," Republican presidential candidate Sen. Sen. Marco Rubio (R-FL)said his rival Donald Trump's attacks on his finances are "ironic" considering Trump has been in charge of businesses that have declared bankruptcy.
Rubio said, "I just find it ironic that Donald Trump had four bankruptcies in his businesses and who is he to attack anybody on finances. I find that ironic. I'm proud of where I come from. I'm proud of what we have been able to achieve. Today my family and I have we have one debt in the world which is the mortgage on our home
(snip)
"..... A lot of what Americans are facing on a daily basis I faced 10 or 15 years ago, in some cases five or eight years ago. That's why I’m passionate to fight on behalf of people who are struggling. I know what it feels like I grew up paycheck to paycheck.â€
(Excerpt) Read more at breitbart.com ...
When you can't explain away what you did was wrong, you come out and say "you're fighting for the average Americans". That worked every time.
Darn! Missed one special character when pasting.
Say whatever about Trump but he never filed personal bankruptcy. Of course folks already knew that.
Rubio better understand who he is dealing with.
Up from the ashes, come the roses of success.
Trump kept at it any thousands have benefitted from his brilliance.
You are right. This is apples and oranges. Sorry Rubio, but this will not fly.
Accusing Trump of bankruptcy plays well with the low-information, low-morals left.
Anyone with half a brain knows that the filings had to do with separate individual investments, and not personal bankruptcy. This is what good investors like Trump do. They take several big risks. Most work out. Others don’t. When they don’t, you get out using existing laws.
Such a pathetic peck from the Rubio pigeon (paloma).
Donald Trump has hundreds of successful companies and 4 went bad. He successfully navigated the bankruptcy process to restructure those four bad companies.
There’s another company that is going bankrupt that we need Donald to restructure; that company is called:
THE UNITED STATES.
First Carson and now Rubio. Are they having a sale on unforced errors this week?
perfect!
“Say whatever about Trump but he never filed personal bankruptcy. Of course folks already knew that.”
And he didn’t use the GOP of Florida’s credit card to pay personal expenses either!
The voting public has to be educated on what bankruptcy is on the corporate level. It is not the same as personal bankruptcy.
On a corporate level the lending side knows and shares the risk of the financial fate of the investment. They are true partners. Legally, the lender can’t go outside the contract to the borrower’s other assets unless a judge says so.
The lenders knew this going in, but they still thought that everything Trump touches is successful. Wrong. No one is infallible.
When Atlantic City real estate failed, Trump decided to get out rather than wait for a turn around. He was correct, there was no turn around.
Lender and borrower negotiated, Trump declared bankruptcy as a means to dissolve the partnership.
“Anyone with half a brain knows that the filings had to do with separate individual investments, and not personal bankruptcy. This is what good investors like Trump do. They take several big risks. Most work out. Others don’t. When they don’t, you get out using existing laws.”
Right you are. Out of 500 businesses, Trump had 4 corporate entities that went bankrupt. That’s a great track record considering the super high risks one takes with such investments, and they happened when the bottom fell out of the entire real estate market for everyone, not just Trump. Especially in the Casino business. Trump went on to be worth 10 billion dollars today. Success is Trump’s middle name.
Wish he wouldn’t have said that ... it shows he hasn’t a clue about how finances work, especially at the MEGA level where Trump (and the US Gov) Operate.
Trump made ove 10 Billion in the private sector and Rubio made how much in the private sector?
Oh that’s right Rubio only made his big payouts while working in government. Oh but he is not currupt......(sarcasm off)
Trump is not ‘attacking’ anyone
He gets asked a question, he responds, and the media go “TRUMP ATTACKS CRUZ”
He is so far ahead he should just say “I’m not going to comment on other candidates anymore because that’s all you media want to do... Here is my economic plan, do you want to hear it?” AND WAIT FOR A REPLY!
I meant RUBIO, but you guys get it and will excuse me for the error, right?
right?????
Is that the best you got, kid?
When I worked for a corporation, personal expenses were sometimes put on corporate cards, which was against the rules. The company would determine internally how they would handle the situation. It always involved the person paying for the expenses. This is the GOP of Florida's business and evidently it was taken care of internally.
What’s ironic is Rubio’s point requires ignorance to believe.
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