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Title: Donald Trump Wins Nevada Caucuses, Collecting Third Straight Victory
Source: soso
URL Source: http://www.nytimes.com/2016/02/24/u ... cs/nevada-caucus-gop.html?_r=0
Published: Feb 24, 2016
Author: NY Times
Post Date: 2016-02-24 00:13:00 by SOSO
Keywords: None
Views: 3579
Comments: 44

Donald Trump Wins Nevada Caucuses, Collecting Third Straight Victory

By ALEXANDER BURNSFEB. 23, 2016

Donald J. Trump was declared the winner of the Nevada caucuses on Tuesday night, according to the Associated Press, gaining a third consecutive victory in an early-voting state and strengthening his position in the Republican presidential race before the wave of Super Tuesday elections on March 1.

Turnout in Nevada was reported very high. Mr. Trump was seen as a favorite going into the contest, but his victory still serves as a setback for his chief competitors, Senators Ted Cruz of Texas and Marco Rubio of Florida, who must now try to break Mr. Trump’s winning streak in the larger states that vote in the coming weeks.

For Mr. Trump, the outcome in Nevada is another sign of his campaign’s durability and the breadth of his appeal: He has now handily won primary elections in New England and in the South, and a caucus fight in the far West. He won over independent voters in New Hampshire and evangelicals in South Carolina, and prevailed in Nevada, where Mormon voters and rural activists wield influence.

This latest triumph may only encourage Mr. Trump in the brash campaign style that has alienated many Republican officials and mainstream voters. In the two days leading up to the Nevada caucuses, Mr. Trump called Mr. Cruz a liar and threatened to deliver vicious attacks on Mr. Rubio as well.

At a rally in Las Vegas on Monday evening, Mr. Trump ridiculed a protester in his audience and told supporters that he would have liked to “punch him in the face.”

The results are likely to reinforce the sense among national Republican leaders that only direct confrontation can block Mr. Trump from claiming the party’s nomination, because none of the party’s most powerful voting blocs seems likely to thwart him on its own.

Mr. Trump’s success in Nevada is also likely to increase the pressure on his opponents to somehow join forces against a common enemy.

Mr. Cruz and Mr. Rubio have attacked each other angrily in recent days, as each has struggled to establish himself as Mr. Trump’s strongest rival. Mr. Cruz has intensified his hawkish comments on immigration to compete with Mr. Trump, and has argued that only a conservative running well to the right of Mr. Trump can challenge him effectively.

Nevada G.O.P. Caucuses: Live Updates

Here's our live analysis of the Republican Nevada caucuses and our results page.


Poster Comment:

Dollar Donald, the P.T. Barnum of our time with Don King overtones, is on a roll.

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Begin Trace Mode for Comment # 34.

#1. To: vicomte13 (#0)

You are getting what you wished for.

SOSO  posted on  2016-02-24   0:13:39 ET  Reply   Untrace   Trace   Private Reply  


#10. To: SOSO (#1)

You are getting what you wished for.

I am indeed, and I am pleased as punch.

Vicomte13  posted on  2016-02-24   6:51:51 ET  Reply   Untrace   Trace   Private Reply  


#25. To: Vicomte13 (#10)

SOSO

You are getting what you wished for.

I am indeed, and I am pleased as punch.

Yep, you have a winning team there.

SOSO  posted on  2016-02-24   11:26:48 ET  (1 image) Reply   Untrace   Trace   Private Reply  


#33. To: SOSO (#25)

Trump is a winner.

Vicomte13  posted on  2016-02-24   13:55:07 ET  Reply   Untrace   Trace   Private Reply  


#34. To: Vicomte13 (#33)

Trump is a winner.

I prefer winners that don't file bankruptcies, over and over and over again.

Everything you want to know about Donald Trump's bankruptcies

"Donald Trump brags about how well his businesses have fared in bankruptcy. And in fact, no major U.S. company has filed for Chapter 11 more than Trump's casino empire in the last 30 years.

"I have used the laws of this country ... the [bankruptcy] chapter laws, to do a great job for my company, for myself, for my employees, for my family," he said during the first Republican presidential debate on August 6.

Trump claims that successful businesses file for bankruptcy all the time. At the debate he said "virtually every person that you read about on the front page of the business sections, they've used the [bankruptcy] law."

But the facts don't back that comment up.

Despite high profile examples, including General Motors (GM), Lehman Brothers and most of the nation's major airlines, fewer than 20% of public companies with assets of $1 billion or more have filed for bankruptcy in the last 30 years, according to data from Bankruptcy.com and S&P Capital IQ.

Trump has never filed for personal bankruptcy. But he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers.

He makes no apologies for having much of his debt wiped out. "These lenders aren't babies. These are total killers," he said at the debate. "These are not the nice, sweet little people."

Here's a look at Trump's bankruptcy track record.

1. Trump Taj Mahal, 1991

Trump's first bankruptcy filing was probably the most personally painful for him. To come up with the funds he needed, he sold a 282-foot yacht, as well as the Trump Shuttle, the airline he operated at the time that flew between Washington, D.C., New York and Boston, according to media reports at the time. He had to give up half of his ownership stake in the Trump Taj Mahal, but he did retain control of the property. His largest creditor was financier Carl Icahn, who held $400 million in bonds. Now Icahn is Trump's pick for Treasury secretary should he be elected. {NB - Talk about crony capitalism!!! Trump's got 'em.}

2. Trump Castle Associates, 1992

In less than a year he was back in bankruptcy court for his other Atlantic City casinos. This bankruptcy included the Trump Plaza Hotel in New York, the Trump Plaza Hotel and Casino in Atlantic City as well as the Trump Castle Casino Resort. He gave up half his interest in the New York Plaza to Citibank, but retained his stake in the casinos.

3. Trump Hotel & Casino Resorts, 2004

Trump didn't go back to bankruptcy court again until November 2004, when he filed to shed debt at his various Atlantic City casinos and a riverboat in Indiana. It was another quick trip through bankruptcy court; the company shed $500 million in debt and emerged from bankruptcy the following May. Trump turned over majority control of the company to his bondholders but remained the largest single shareholder, and he once again kept control of the casinos.

4. Trump Entertainment Resorts, 2009

His most recent bankruptcy came in 2009, after the company missed a $53.1 million bond payment. That was pretty much the end of the road for Trump in Atlantic City. While his name remained on three casinos, he resigned from the board and gave up his remaining stake in the company.

"I had the good sense, and I've gotten a lot of credit in the financial pages, seven years ago I left Atlantic City before it totally cratered," he said during the debate.

The two Atlantic City casinos that still had the Trump name filed for bankruptcy yet again in 2014. At the time Trump made sure people knew he was no longer running the company, and sued to have his name removed."

SOSO  posted on  2016-02-24   14:07:10 ET  Reply   Untrace   Trace   Private Reply  


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