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Thread: Trump 2012

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    Default Trump 2012

    (CNN) – Asked about a report he is telling friends he will run for President in 2012, Donald Trump told CNN's Chief National Correspondent John King that "a lot of people" are asking him to run for the Republican nomination, but would only say he is "seriously considering" the possibility.

    In an interview for CNN's "John King, USA", Trump said he's very concerned that other countries are taking advantage of the U.S. particularly pointing to South Korea, China, and OPEC.


    _____________________________________________
    Trump Says He Will Run for President

    Billionaire Donald Trump is telling friends he has decided he will definitely run for president as a Republican.

    Trump will make the announcement when his NBC show "The Apprentice" finishes the season in the spring, he is confiding. He has been soliciting recommendations on political advisers, focusing initially on the Iowa caucus and New Hampshire primary. Trump declined to comment.

    In October, Trump said on Fox News' "Fox & Friends" and on MSNBC's "Morning Joe" that he was thinking about the possibility of running. In an interview from Scotland, where he has been building a golf course, Trump expanded on his comments to Newsmax, saying that "the world is laughing at us" and the United States is now “a punching bag for the world.”

    It is “sad what’s happened to the country,” Trump said. “We’re no longer a respected nation, and we should be the most respected.”

    According to a Newsmax/SurveyUSA poll conducted Nov. 3 and 4, in a head-to-head race between President Obama and Trump, the entrepreneur would get 47 percent of the vote, versus 53 percent for Obama.

    Trump polled strongly among Republicans and conservatives. He got 50 percent of the votes of independents.

    Understandably, many are skeptical that Trump would actually run. He has toyed with the idea before and is now at the pinnacle of his real estate career.

    At his New Year's Eve party at Mar-a-Lago, his home and club in Palm Beach, he clearly was enjoying his celebrity, shmoozing with Regis Philbin and Rod Stewart in between dances with his stunning wife Melania.

    But Trump has told friends he believes Obama is a "disaster." An advocate of a strong national security, he becomes livid when he talks about the decline of America compared with other countries like China.

    “I look at the jobs numbers, and I see what’s going on in China, where it’s booming," Trump said on Fox News. "You know why it’s booming? Because they’re making all our products.They’re taking all our jobs. We are rebuilding China, and our country is going to hell.”
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

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    Atomic Punk Dave's Dreidel's Avatar
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    Thank God, that will save us....
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    Only if that piece-of-ass daughter of his can be VP........
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    The guy is a known SOB which makes him qualified.
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    Populist politicians will be gaining ground the world over as thngs get worse.

    You get into power by a well known, successful face telling the public that their country is the best in the world and the reason it is in such a state at the moment is somebody else's fault.

    Pump 'em up and then blame someone else. Not difficult. Usually pretty effective in bad times. Berlusconi has made a career out of it.
    A man could lose himself in a country like this.

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    Atomic Punk LLFHS's Avatar
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    Quote Originally Posted by graeme View Post
    Populist politicians will be gaining ground the world over as thngs get worse.

    You get into power by a well known, successful face telling the public that their country is the best in the world and the reason it is in such a state at the moment is somebody else's fault.

    Pump 'em up and then blame someone else. Not difficult. Usually pretty effective in bad times. Berlusconi has made a career out of it.


    Ah-nuld, elected under the precise criteria you just listed, just left our Governor's seat with a trail of ruins in his wake.
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    Quote Originally Posted by LLFHS View Post

    Ah-nuld, elected under the precise criteria you just listed, just left our Governor's seat with a trail of ruins in his wake.
    Damn skippy. That was the ultimate. Get a famous, much loved FOREIGNER to say how great the country is. Talk about stroking a collective ego. I still remember cringing at a speech he made (not sure of it was pre election) where he blathered on for hours about how much he loved the US when he was growing up. I'm pretty sure he even cited Nixon as a hero.

    I guess it all makes sense anyway. Politicians don't really call the shots any more. In the main, big business is the decision maker, so it only makes sense to get a celebrity to act as your spokesman.

    They always said politics was showbiz for ugly people. Not any more. Expect to see Playmate of the year 2016 running for office.

    Turn offs? "Ew. The Chinese. Just Eeewwwww." etc
    A man could lose himself in a country like this.

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    12.15.17 @ 10:48 AM
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    It's both interesting, and at the same time terrifying, the prospect of Trump running this country. Social programs would be BLOWN...UP. Unemployment, welfare, etc...straight up nuked. He has pretty much zero mercy and/or patience for entitlement pieces. Painful for many, but I believe extremely healthy in the long run if he had his way there. Diplomacy....wow. Probably not his strong suit. Kind of Bush-esque with the brash cowboy thing.

    The really interesting thing though, he gets business like nobody's business. He'd put his sites straight to China and begin a trade war to end all trade wars. It'd be epic.

    I just couldn't see him getting a majority conservative vote. It's kind of the Ross Pero thing reincarnate.
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    The guy's been in the casino business for decades. You're not talking about "skeletons in the closet" here, it's more like a wearhouse full of skeletons. I cannot imagine anyone taking him seriously. The guy has been running huge debts his whole career, and people would vote for him when debt is the thing we need to get rid of??? Not to mention the multi-divorces, bad hair, terrible TV shows, etc.
    He could never win the Republican primary, I think he'd do even worse than Fred Thompson. Between him and Sarah Palin, you got Obama's second term pretty much guaranteed.
    Little Dreamer

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    Quote Originally Posted by Little Dreamer View Post
    The guy's been in the casino business for decades. You're not talking about "skeletons in the closet" here, it's more like a wearhouse full of skeletons.
    Heard of even one so far?

    I cannot imagine anyone taking him seriously.
    I would imagine you are about to see millions at least start to if he runs for President of the country
    The guy has been running huge debts his whole career, and people would vote for him when debt is the thing we need to get rid of???
    He's one of the most profitable men in the entire world....again.. ?

    If debt is your primary concern, all I have to ask is this- 1. Did you vote for Obama and if yes, 2. Would you vote for him again? and if Yes, 3. Why are you even talking? I mean, ....really.

    Not to mention the multi-divorces, bad hair, terrible TV shows, etc.
    ...all knockouts to running for President I guess eh? Dude, you're really weird.

    He could never win the Republican primary,
    I have my doubts as well.
    I think he'd do even worse than Fred Thompson.
    let's not get ridiculous though
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    Seen my friend, as in the "Transformers" situation, there's more than meets the eyes. Trump is not one of the richest men in the world, by far. He's had a long, checkered history on the East Coast, a long time before he became a national TV star. He's betting on the "short attention span" culture of the day, betting that people will forget and not try to dig up some stuff from his past.

    Trump Bankruptcy: Third Time’s a Charm

    Here's a story from 2009:
    (source: http://www.businesspundit.com/trump-...times-a-charm/)

    The Wall Street Journal reports on the Trump bankruptcy, which will be Trump casinos’ third:
    Trump Entertainment Resorts Inc., Donald Trump’s casino group, is expected to file Tuesday morning for protection from its creditors under Chapter 11 of the Bankruptcy Code, said several people familiar with the matter.
    The company’s board authorized the filing late Monday night, said these people, after deciding that the Atlantic City, N.J., casino operator would otherwise be forced into bankruptcy involuntarily by creditors.
    Such a filing would mark the third appearance in bankruptcy court for Trump Entertainment, which most recently emerged from bankruptcy proceedings in 2005. Any filing would likely be in Camden, N.J., where the company, which had $960 million in sales last year, entered its previous petition.
    The planned board meeting follows months of negotiations between the real-estate mogul and his casino’s bondholders, who had given the company several waivers to delay an interest payment due late last year. Late last week, the bondholders told the company they would seek an involuntary bankruptcy proceeding to force the company into Chapter 11. Bondholders and their legal advisers had all of the paperwork ready for an involuntary filing.
    Little Dreamer

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    Damage your reputation seenbad's Avatar
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    Short attention span culture indeed.

    Do you have any idea how vast his "empire" and holdings are?

    Chapter 11 bankruptcy means cutting his losses on one company out of I have no idea how many. That's what happens in business sometimes. If he starts 10 businesses and only one of them fails, that's a gigantic success dude.

    And yes, he is one of the richest men in the world....by far.

    Do you think he just owns a casino that went belly up? Oh my goodness man. Look in to the Donald a bit. Look at his net worth, his portfolio and his investments, don't just focus your attention on his failures. His successes far outweigh those. Just for fun, compare them with your own.
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    Quote Originally Posted by LLFHS View Post

    Ah-nuld, elected under the precise criteria you just listed, just left our Governor's seat with a trail of ruins in his wake.
    Bumper sticker on my rocket's ass...

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    Hmmm... here's more information:


    Financial problems (1989–1997)
    By 1989, the effects of recession left Trump unable to meet loan payments. Trump financed the construction of his third casino, the $1 billion Taj Mahal, primarily with high-interest junk bonds. Although he shored up his businesses with additional loans and postponed interest payments, by 1991 increasing debt brought Trump to business bankruptcy[5] and the brink of personal bankruptcy. Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court. The Taj Mahal re-emerged from bankruptcy on October 5, 1991, with Trump ceding 50% ownership in the casino to the original bondholders in exchange for lowered interest rates on the debt and more time to pay it off.[16]
    On November 2, 1992, the Trump Plaza Hotel was forced to file a prepackaged Chapter 11 Bankruptcy protection plan after being unable to make its debt payments. Under the plan, Trump agreed to give up a 49% stake in the luxury hotel to Citibank and five other lenders. In return Trump would receive more favorable terms on the remaining $550+ million owed to the lenders and retain his position as chief executive, though he would not be paid and would not have a role in day-to-day operations.[17]
    By 1994, Trump had eliminated a large portion of his $900 million personal debt[18] and reduced significantly his nearly $3.5 billion in business debt. While he was forced to relinquish the Trump Shuttle (which he had bought in 1989), he managed to retain Trump Tower in New York City and control of his three casinos in Atlantic City. Chase Manhattan Bank, which lent Trump the money to buy the West Side yards, his biggest Manhattan parcel, forced the sale of a parcel to Asian developers. According to former members of the Trump Organization, Trump did not retain any ownership of the site's real estate - the owners merely promised to give him about 30 percent of the profits once the site was completely developed or sold. Until that time, the owners wanted to keep Trump on to do what he did best: build things. They gave him a modest construction fee and a management fee to oversee the development. The new owners also allowed him to put his name on the buildings that eventually rose on the yards because his well-known moniker allowed them to charge a premium for their condos.[19]
    Trump was elected to the Gaming Hall of Fame in 1995.[20]
    In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts. Wall Street drove its stock above $35 in 1996, but by 1998 it had fallen into single digits as the company remained profitless and struggled to pay just the interest on its nearly $3 billion in debt. Under such financial pressure, the properties were unable to make the improvements necessary for keeping up with their flashier competitors.
    Finally, on October 21, 2004, Trump Hotels & Casino Resorts announced a restructuring of its debt.[21] The plan called for Trump's individual ownership to be reduced from 56 percent to 27 percent, with bondholders receiving stock in exchange for surrendering part of the debt. Since then, Trump Hotels has been forced to seek voluntary bankruptcy protection to stay afloat. After the company applied for Chapter 11 Protection in November 2004, Trump relinquished his CEO position but retained a role as Chairman of the Board. In May 2005[22] the company re-emerged from bankruptcy as Trump Entertainment Resorts Holdings.[23]

    and

    2008 financial crisis
    Trump has been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December.[25] Arguing that the crisis is an "Act of God," he evoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged.[25] Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations.[25]
    On February 17, 2009 Trump Entertainment Resorts filed for Chapter 11 Bankruptcy, Mr Trump having stated on February 13 that he would resign from the board.[26] Trump Entertainment Resorts has three properties in Atlantic City.

    I do not think he has what it takes to run a country. Is he vastly more financially successful than both of us? Depends on his debt level, you'd have to open his books. In his autobiography, he does talk about a time when he was 1 billion dollars in debt, realizing a homeless man in the street had more money than him, since that man had no debt.

    But the point is moot as neither of us have declared any intention to run in 2012!
    Little Dreamer

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    Quote Originally Posted by seenbad View Post

    If debt is your primary concern, all I have to ask is this- 1. Did you vote for Obama and if yes, 2. Would you vote for him again? and if Yes, 3. Why are you even talking? I mean, ....really.
    Yes because Obama is solely responsible for the debt the US has right now.

    Quote Originally Posted by Little Dreamer View Post
    Hmmm... here's more information:
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