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originally posted by: bladerunner44
originally posted by: buster2010
a reply to: DeepImpactX
Yes, we do need a businessman to run this country. Screw the politics.
Look what happens every time America elects a businessman. The people get screwed while corporations get whatever they want and that always ruins the economy. America is not a business and shouldn't be run like one.
So point to one businessman who was elected president? We haven't had one including GWB. When govt organizations are run like a business they are efficient and serve their constituents. I think we could use more of that.
Except history proves that the country does worst when a businessman is elected into office.
originally posted by: DeepImpactX
a reply to: Daedal
Yes, we do need a businessman to run this country. Screw the politics.
Trump's casino operations filed bankruptcy for the second time this past November, many have wondered if it isn't time for board members to give Trump a pink slip. Despite the company failings, Trump will remain as chairman and CEO and continue to collect a $2 million dollar paycheck. So...how does a CEO decide to file for bankruptcy twice and still come out at the top of the heap?
No Personal Involvement
First, Trump doesn't get personally involved. He knows how to protect his personal finances. In both instances, Trump's corporations have filed for bankruptcy; Trump personally has not. Hence, when his casino fell into about a billion dollars in debt, the corporation filed for Chapter 11 bankruptcy. Trump only made the decision to do so once he had spoken to his banks and bondholders. But, by filing, he gave his business the opportunity to regroup and reduce his business debt. It didn't hurt however that it would also reduce his personal debt, as Trump is likely the one every creditor would look to if the Taj Mahal couldn't pay up. So, in fact, Trump avoided potential lawsuits from credits and he may have also avoided personal bankruptcy by keeping his own bank account insulated.
***SNIP***
This past November, Donald Trump filed for Chapter 11 a second time. Again, Trump asked to be able to restructure his company's debt and overhaul its aging casinos. Under the voluntary bankruptcy filing, Trump Atlantic City Associates, which is 99 percent owned by Trump Hotels & Casino Resorts Inc., listed $1.3 billion in debt and $1.5 million in assets.
But this time around the Donald proposed that reorganizing the company would provide him the cash to upgrade his properties. By making these changes, he could help keep the casinos competitive. The second benefit: bondholders would receive stock in exchange for forgiving the debt owed. In other words, it would increase their ownership of the company by roughly two-thirds.
The chances of making the money back and even a bit of profit will dramatically increase when the casino emerges from the reorganization. Why? Well, vendors will be paid. But best of all, Trump got to keep his job (and his rather hefty salary). If all goes as planned, Trump's Atlantic City properties will be able to actually turn a profit and even potentially expand into new markets like Las Vegas.
www.legalzoom.com...
The US doesn't need a "businessman", it needs a GOOD businessman
originally posted by: Lysergic
I'd vote for a pickle before I'd vote for Trump.
Trump has a July 16 deadline for filing the official disclosure. He said he would do it on time.
www.npr.org...
originally posted by: olaru12
originally posted by: DeepImpactX
Yes, we do need a businessman to run this country. Screw the politics.
But Trump isn't a businessman. He is a clown that claims to be a business man.
Research his record is my suggestion....
www.nydailynews.com...
www.outsidethebeltway.com...
He didn't make his millions from being in business...He inherited that money!
www.alternet.org...'s_protection_mostly_ did_the_trick
originally posted by: interupt42
originally posted by: bladerunner44
originally posted by: buster2010
a reply to: DeepImpactX
Yes, we do need a businessman to run this country. Screw the politics.
Look what happens every time America elects a businessman. The people get screwed while corporations get whatever they want and that always ruins the economy. America is not a business and shouldn't be run like one.
So point to one businessman who was elected president? We haven't had one including GWB. When govt organizations are run like a business they are efficient and serve their constituents. I think we could use more of that.
If you havent noticed America is run like a business. You just happen to be the worker bee busting your arse for the board of directors (lobbyists).
While things suck for you and the average Americans the top earners are doing fine since they create the regulations.
They are also the ones sending jobs overseas and bringing in cheap slave labor to take your jobs. They also use your tax money to offset their operational cost and setup tax havens overseas. Yeah they are efficient, but only the top .5% stock holders and board of directors will see the gains , while you will be feeling the pains.
originally posted by: buster2010
originally posted by: bladerunner44
originally posted by: buster2010
a reply to: DeepImpactX
Yes, we do need a businessman to run this country. Screw the politics.
Look what happens every time America elects a businessman. The people get screwed while corporations get whatever they want and that always ruins the economy. America is not a business and shouldn't be run like one.
So point to one businessman who was elected president? We haven't had one including GWB. When govt organizations are run like a business they are efficient and serve their constituents. I think we could use more of that.
You mean besides these Presidents?
FDR, Teddy Roosevelt, Wilson, Truman, Reagan, Eisenhower, Lyndon Johnson, JFK, William McKinley, Carter, Bill Clinton, George H.W. Bush, Richard Nixon, Gerry Ford, Howard Taft, Hoover, Calvin Coolidge, George W. Bush
Let me guess you failed American history huh?
originally posted by: StoutBroux
originally posted by: DeepImpactX
a reply to: Daedal
Yes, we do need a businessman to run this country. Screw the politics.
The US doesn't need a "businessman", it needs a GOOD businessman.
Actually it is not and never has been run like a business. It is a bureaucratic monopoly and bears no resemblance to a competitive business.
I could explain the difference but it's not my mission in life to educate you.