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. Posted on 02/18/2016 9:21:21 AM PST by Stepan12
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.â€
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.â€
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.
SOROS
bet he wishes he hadn’t brought it up.:)
And still Trump leads all the National polls. The tribe has spoken. :-)
“Trump is no Messiah. He will disappoint. “
And Cruz is the Messiah, and he will never disappoint.
Yes, yes, we know the meme.
If he gets the nomination we will see a bloodbath of worse Trump coverage.
More desperate stuff from the surrender caucus. Trump probably isn’t perfect but he’s the best chance we’ve got to stop Hillary or Sanders or Jeb.
Go away.
for those that trot out polls and popularity.. remember that
Obama won twice
Clinton won twice
Nixon won twice
GW.Bush won twice
This is why the constitution was made to set force against force and to basically not trust power to any person.
BHO and I think djt do not agree and wish to aggregate all power to them.
You sound bitter... who do you support? (just wondering)
No, don’t put words in my mouth. I like Cruz better than Trump by a wide margin, but there’s only one Messiah, and neither of them are Him. We have to be realistic. Everybody is flawed, but folks like DT are in their own virtual reality, and it can change at any time to serve their interests. Anyone who doesn’t see that coming is going to end up disappointed. He’s a bully, and sooner or later that’s going to play out badly. It’s just a matter of time.
Peace,
SR
The biggest way you can tell this bulldog is a pretty straight shooter is that he hasn't been ended by endless successful lawsuits against him.
Even great doctors are being eviscerated by iffy lawsuits by many patients that see courts as their chance at the lottery.
I have had a unique life and exposure to a lot of various wealthy people because as a young person I played great tennis and at Clubs I liked people and met all kinds.
One of my estate attorney friends deals with 30 billionaires and they all pretty much give huge chunks of their estates to charities. They are NOT THE GREEDY NO GOOD BASTARDS PEOPLE MAKE THEM ALL OUT TO BE. Many are workaholics and their marriages can suffer from this.
I wish everyone success and I am not jealous if someone is wealthy, instead good for them.
Trump was not in an easy get rich thing like software, he is real estate and development.
Tens of thousands of employees over the years.
Probably he has employed more people several times over than maybe all other Presidents combined ever did.
When you are responsible for the paychecks, mortgages and we'll being of your employees who depend on you for survival and to eat, yes you are going to be aggressive to do your best to not collapse it all.
Trump is not perfect, and neither is Cruz but both could be what we need at this time for our country.
I think either Cruz becomes a Supreme Court Justice or IMO he would probably folks Donald as the President after.
I like Cruz a lot, but this election shows me he is not ready with a full skill set to yet be President.
He needs to be better at not being surprised by others or better at not being so bad at exposing when he is snookered in public.
With Trump several times he has been schooled. Cruz is brilliant, but Trump is also brilliant and has participated against killer competition his whole life and doesn't easily get off his game. Cruz needs to master that issue then watch out world (maybe).
Where? Dirty guy Soros and the worst at setting our country up with a hit so he can profit.
Morning in CA.
HI!
Just got 1.25 inches of rain since yesterday.
Good for us, though I never got why Jerry Brown gave our water rights away 35 years ago.
We suffer Jerry Brown droughts.
And Mitt [happens] Romney was the best man to take on Barack Hussein Obama because he is a moderate.
I thought World’s business is just about creating financial unrest for personal profit.
Should have typed Soros’ business.
Must wear reading glasses with contacts in. :-)
But Soros has no employees?
It is caused by my not paying attention!
LOL!! Inept.
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