Posted on 02/16/2016 11:04:05 AM PST by reaganaut1
A pattern emerges.
Donald Trump is a habitual liar, and the thing about habitual liars is that they lie habitually.
In a testy exchange with former Florida governor Jeb Bush, Trump insisted that he’d never gone bankrupt, and that claims to the contrary are a lie. That’s the Trump magic right there: Lying about your business history is one thing, lying that your critics are lying about it is another.
Trump has a peculiar way of speaking about bankruptcy: He has a deep aversion to the word itself. He speaks of “putting a company into a chapter†without ever answering the implicit question: “Chapter of what? Moby-Dick?†The answer, of course, is the U.S. Bankruptcy Code, to which Trump has taken recourse at least four times over the course of his business career. The chapter in question is the famous Chapter 11, which applies to business bankruptcies. Trump proudly insists that he never has had recourse to Chapter 13, the personal bankruptcy code. This is his apparent justification for saying that he’s never been bankrupt. But of course one of the purposes of Chapter 11 bankruptcy is to keep men such as Donald Trump out of Chapter 13 bankruptcy.
Trump’s first bankruptcy was in 1991 after he borrowed a stupidly irresponsible amount of money to finance that monument to excruciatingly bad taste known as the Trump Taj Mahal in Atlantic City. Trump is such a good manager that the casino’s slot machines began failing during its first week of business. Never one to let reality stand in the way of his confidence, Trump had financed the $1 billion project largely with junk bonds, which meant very high interest payments. Trump did not make enough money to meet his interest payment and so was forced into bankruptcy.
(Excerpt) Read more at nationalreview.com ...
(1) You're citing National Review!
(2) So what, he's leading in the polls.
National NEOCON Review lies, and ethical bankruptcy.
Their current issue is chock full of the most evil GOPe traitors I ever saw!
Trump will call a press conference today to announce he is SUEING this RAG for Slander!
NR, Cruz and all establishment pushing and shoving to maintain their place at the DC Trough.
Has he ever filed personal bankruptcy?
Vote for the first orangutan with a scalp flap for president. Make history.
That and you CRuzboys are showing your desperation, and we love it....
If DJT is a habitual liar, then the Trumpeters are a salesman’s dream audience ... oh wait ...
lol
National Review,No credibility,lies and bankruptcy
What Trump says is true. Corporations are a public legal entity and bankruptcy the same TO GREASE THE WHEELS OF COMMERCE. If everyone had to jeapordize their personal assets and their famiilies’ lives without the protection of the corporate and bankruptcy laws,America would not have flourished. And NPR knows it.
What Trump says is true. Corporations are a public legal entity and bankruptcy the same TO GREASE THE WHEELS OF COMMERCE. If everyone had to jeapordize their personal assets and their famiilies’ lives without the protection of the corporate and bankruptcy laws,America would not have flourished. And NPR knows it.
.
Trump is the embodiment of the establishment.
He feels entitled to an office for which he completely lacks qualifications.
A man that deliberately bankrupts REITs in order to shift the funds to his personal use wants to be president.
That’s OK, right?
.
Don’t give up your day job, humor is not your strong suit.
Response #3: Trump’s going to make America great again!
With his record it’ll be on promissory notes, bail-outs, and bankruptcy deals.
I am not going to argue this any more. Trump is going to absolutely crush the field in South Carolina, move on a crush them in Nevada and the SEC. After that he is going to run the table and arrive at the convention with more than 50% of the delegates. He will then go on to crush the Democrat in the general election.
Consistent conservatives and establishment Republicans can moan, grown, and complain all they want and it isn’t going to change the outcome.
Let’s go with this:
MILLIONS of Americans have declared bankruptcy for many reasons. Many people have had issues with medical bills or lost their business to the crappy economy.
Many of these people are good, honest, G-d fearing Americans who made mistakes or suffered misfortune.
Do the Republican GOPe and the Cruzites really believe that shaming millions of middle and lower-class Americans will change their minds about Trump?
So the man had 4 bad deals out of hundreds. He’s won more than he’s lost.
In many ways, people may identify stronger with him over this.
People aren’t perfect. People make mistakes in marriage and with money. We all feel bad about it.
But do those errors permanently taint us?
Most people would say, “no.”
Most Christians would say, “no.”
We can be forgiven, learn, do better, and move forward with greater wisdom.
By attacking Trump on his bankruptcies, you’re attacking every failed small business and every American who’s had to resort to such measures.
Not smart.
Apparently the author doesn’t the understand the basics of corporate law. Trump is not Trump, Inc. Corporations are separate from their owners.
Here’s a better link written by someone with a clue instead of a butthurt NR’er.
http://thelawdictionary.org/article/how-is-donald-trump-able-to-file-for-bankruptcy-so-many-times/
“People might ask “How is Donald Trump able to file for bankruptcy so many times?” The answer is “He didn’t.” Trump himself has never filed for bankruptcy.”
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.