Posted on 02/16/2016 4:23:57 AM PST by Entrepreneur
Here's the story. Not long after 9/11, the World Trade Center Business Recovery Grant program was established to help small businesses recover and rebuild. The program disbursed hundreds of millions of dollars through a New York state development corporation in the years following the attacks...
...the New York Daily News ran an investigative piece about how the program had awarded grants to companies and subsidiaries that hardly seemed like "small businesses." Among them were Dell, Morgan Stanley, and, yes, Donald Trump...
...as Trump said immediately following 9/11, none of his properties were directly damaged by the attack on the World Trade Center. But through a loophole in the rules, Trump was able to squeeze $150,000 of money from taxpayers for his valuable landmark property.
(Excerpt) Read more at weeklystandard.com ...
The New York Daily News ran the investigation?
You know that’s a third rate tabloid, right?
Does this mean it’s not true?
That’s how he got “very,very rich.” He s in hould be required to list all taxpayer funding he has revived in building his empire.
But the ESDC’s rules transformed Trump into a small-business man. His company collected a $150,000 grant for losses at 40 Wall St. The grant application describes the corporation through which Trump owns that building as having 28 employees and $26.8 million in annual revenues. That passed the ESDC’s small business test of less than 500 employees. But the revenue amount would put the single Trump property over the federal definition of a small business - which is $6 million annually for lessors of nonresidential buildings. A Trump spokeswoman did not respond to a call and e-mail message seeking comment.
Milton Friedman used to say, “If the government offers you free money, take it!”
Swing and a miss.
Nothing burger.
Word is that little Morty Zuckermans NYDailyNews loses more than $50 million per year---can that be possible?
Donald J.Trump @realDonald Trump Feb 12
When little Morty Zuckerman closes his failing NYDailyNews will I at least be given some credit? Will happen soon.
once a crony always a crony.....and the droney’s think this crony is the answer.
“Weekly Standard”, and “National Review”, articles on Trump are dubious on their face.
These are the kinds of stories that will come pouring in if Trump is the nominee. The guy has been wheeling and dealing for half a century, you can bet there are plenty more stories that the DNC Media will serve up when the time comes.
He has been a crony capitalist all his life. Supports Kelo sucking on the teat of government for special favors. This is who this guy is.
Funny hearing the trump cattle mooing when their idol is shown to have feet of clay.
Can’t argue the facts pound the table and attack the source.
Trump supported TARP, Auto Bailout, Obama Stimulus, still supports Ethanol subsidies, Kelo.
The only thing world class is his crony capitalism. The rich using government to steal from the middle class taxpayers.
Truth hurts eh, when confronted with facts you scream like a child.
The report that exposed this scam of Trump is from 2006 during one of his many dem phases when he was writing checks to the Clinton Foundation for God knows what favors, perhaps one of his overseas construction ventures? who knows this idiot is a dirty as they come sucker.
This isn’t a hot piece on Trump since it is from 2006 deal with it chump.
“Screaming”?
Sounds like the usual projection on your part, your Trump-hating gland must be fully engorged (puny thing that it is, most likely)
The fact that you clowns have to go back 10 years to try and dredge up *something* that will stick speaks volumes about your impotence in stopping the GOP front runner from becoming the nominee.
Deal with THAT “chump”.
Can we get a peek at that list the NY Daily News created, or found?
You know Trump is a liar.
Member since Aug 9, 2015; Are you a freaking Trump Plant?
$150k is chump change even if true. Coming from the source just days before the primary I suspect the story to be BS. I would suggest we turn off all media until after the primary.
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