The Establishments war on Donald Trump
See other The Establishments war on Donald Trump Articles
Title: Mittens: GOP Establishment Chooses Mount Romney as Hill to Die on
Source:
Breitbart
URL Source: http://www.breitbart.com/big-govern ... ount-romney-as-hill-to-die-on/
Published: Mar 3, 2016
Author: Stephen K. Bannon & Rebecca Mansour
Post Date: 2016-03-03 14:00:22 by nolu chan
Keywords: None
Views: 7609
Comments: 41
Mittens: GOP Establishment Chooses Mount Romney as Hill to Die on by Stephen K. Bannon & Rebecca Mansour After Perhaps nothing is more symptomatic of the GOP establishment’s death drive than their continued embrace of the presidential aspirations of a man who shrank the party in 2012. But then, these are the same Republican elites who are determined to grant amnesty to 40 million future Democrats. So, obviously party expansion and broad national victories are not their priorities. How else do you explain their bizarre desire to board the S.S. Mittanic one more time? A full recounting of the unmitigated disaster that was the Romney campaign is beyond the scope of this op-ed. But let’s cut to the chase. Mitt Romney lost because he was unpalatable to working class Americans. Sean Trende of RealClearPolitics explained in detail how Romney lost the election in large part because he couldn’t win over white working class voters. That wasn’t an accident. It was by design. An August 2012 op-ed by Matthew Continetti in the Washington Free Beacon outlined the Obama campaign’s “voter suppression” strategy “to disillusion white voters without degrees in the Rust Belt and Mountain West.” Obama calculated that these working class voters would make Romney president if they voted Republican by the same 30-point margin as they did in 2010, but if they were demoralized and alienated by the GOP candidate, they would hand the election to Obama by simply sitting it out. And that’s exactly what happened. It wasn’t very difficult to turn working class voters against the “King of Bain,” the man who perfected the art of the leveraged buyout which cannibalized industrial towns across America. Of course, Romney did his best to pretend he was actually a venture capitalist. Among his much-touted job-creation successes was Sports Authority, which just filed for bankruptcy yesterday. But the real business of Bain was private equity. They made a killing for their shareholders by buying out American companies, loading them with debt, bankrupting them, shuttering their factories, and shipping those jobs overseas. Unfortunately for the GOP establishment, the American electorate isn’t comprised of libertarian think tank pencil necks who worship at the Church of Ayn Rand. If the demonization of Bain Capital wasn’t enough to finish Romney off in the eyes of working class voters, his “47 percent” comment did the trick. When you trash half of the electorate – a group that includes senior citizens living on fixed incomes, active duty military, and blue-collar Reagan Democrats – as freeloaders who don’t contribute to the country, that isn’t just bad retail politics, that’s downright offensive. After slinking away in defeat four years ago, Romney is back again as the establishment’s St. George to slay the Trump dragon. But here’s the problem: While Romney shrank the GOP, Trump is expanding it. The primary race this year has blown out 2012 numbers. In three states alone, the Associated Press reports a massive voter increase of “386 percent in Virginia, 261 percent in Arkansas, 154 percent in Tennessee” from what it was just four years ago for Romney. Trump’s populist, nationalist message is bringing back the disaffected working class voters Romney alienated. On Super Tuesday, Trump did his best among lower income voters making less than $30,000 a year. They’re coming out in droves – and it’s not just the white working class voters or even just working class voters in general. Trump’s base of support reflects every demographic. As Trende writes, “Trump’s blue-collar populism could theoretically appeal to more Hispanic and especially African-American voters than Romney’s message did by cutting through identity politics and appealing on an economic level.” That blue-collar populist message is centered on two working class grievances long ignored by the political establishment and their donor class patrons: 1) mass illegal immigration that unfairly pits American workers against cheaper foreign labor, and 2) bad trade agreements that gut American industry and send jobs overseas. Trump is winning because he’s addressing these vital issues. For years now, average Americans have dialed out of politics because of the dryness and thinness of the political dialogue. Trump has cut right to the vital issues that Americans feel. He talks about building a wall to stop illegal immigration, renegotiating our trade policies to bring back millions of jobs from China and Mexico, and putting a temporary ban on Muslim migration to halt the spread of Islamic terrorism on our shores. His basic themes have driven the narrative back to things that matter to ordinary Americans outside of the Georgetown salons. None of this is really good news for the financiers, consultants, and commentariat that comprise the GOP establishment. The financiers, who want cheap labor and don’t care where it comes from or who it hurts, loathe Trump’s trade and immigration policies. The consultant class would gladly torpedo any candidate who doesn’t need their racket, and a GOP frontrunner who wins seven states on Super Tuesday after spending only $1.6 million is an existential threat to their bottom line. The commentariat is frantically hash-tagging #NeverTrump! Can you blame them? They built an industry predicated on their status as the self-appointed gatekeepers of authentic conservative thought. A populist paradigm shift upends their carefully crafted business model. So, now the establishment will lift up their eyes unto the hills of Salt Lake City from whence cometh their help. And it looks as if Mount Romney is the hill they’ve chosen to die on.
Breitbart
3 Mar 2016 President Jeb, President Walker, President Christie, President Kasich, President Ryan, and President Rubio, the Republican establishment is now turning once again to the Adlai Stevenson of the GOP – Willard Mitt Romney.
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#1. To: nolu chan (#0)
Bob Dole hasn't died yet...
Yes, Bain Capital and Rmoney turned my stomach. I can't recall whether he 'gave' his five sons 10 or 100 million each. Either way, it doesn't fly with the Average Joe like me.
It's amazing they would pick this guy. He lost an election that was easily winnable. Turn off the lights and go back to sleep mittens.
Amen. Amd Bain drove 22% of those companies into immediate bankruptcy.
GHW Poppy Bush has still got one term left to serve, get those weird sox into the race! Mo Bush please. Bring back Jimmy Carter and Billy Beer too. Ol' Lizard Legs The real question is, Bush or Carter? Why not? Even under those conditions Bob Dolt is still brighter than either Biden or Gore. Admittedly,saying a senile Bob Dolt is brighter than Goober Gore or Uncle Joe Biden is setting the intelligence bar pretty low. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
The only surprise to me is they didn't go with McLunatic again. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Amen. Amd Bain drove 22% of those companies into immediate bankruptcy. Which is the same thing Donald Trump does. It's his business model. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Oh where is a palin when you need one?
Nullified and left to rot on the beach,along with John McLunatics alleged Presidential aspirations. BTW,I don't think for a single minute he was serious about winnning. I think he was being paid to run and lose. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Which is the same thing Donald Trump does. It's his business model. According to you.
Re an inheritance from Fred Trump, the amount has little relevance in the grand scheme of things. Donald Trump was born June 14, 1946. Fred Trump died June 25, 1999 when Donald Trump was 53 years old. Whatever Donald Trump inherited, he was 53 years old before it happened. Donald Trump did not start his business at age 53, in 1999 based on an inheritance.
It was a rhetorical question, every other republican has been of the last decade has gotten in the act, why not her, oh I forgot she endorsed Dump
According to you. According to a guy named Trump. It's in his book. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Nope, i've worked for a number of big money guys and they do this crap all the time. This is a threat or action we did all the time. Always won.
When Donald Trump turned 21 he inherited a trust fund from his grandfather than had been managed for him since birth that was worth 12 MILLION in cash in the late 60's,plus 15 THOUSAND pieces of NYC rental property. That was 12 MILLION in cash in 1967 dollars. In other words,a successful going business that had been operating for decades,and pissed it all away when he sold it all to get the money to buy the hotel and casino that went bankrupt. He doesn't own a single piece of the rental property today that he inherited back then. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
I was referring to Mittens and whatever kind of trusts he set up for his five sons.
Why do you defend Trump with your political artical that does nothing to persuade anyone but yourself and a pile of POM-POM girlz on a cheap, chit-chat channel wayy out on a limb with a whole pile of a handful of posters?? You are not smart, chan. You are fuckin' dumb.
That was 12 MILLION in cash in 1967 dollars. https://en.wikipedia.org/wiki/Frederick_Trump Donald Trump's grandfather Friedrich Trump died in 1918. He did not leave a trust fund for a grandson who was born 28 years after he died. Any fictional trust fund that Trump gained the use of at age 21 would not have been an inheritance.
As a public service for the needy.
Any fictional trust fund that Trump gained the use of at age 21 would not have been an inheritance. Trust Funds travel down through the generations. Joseph Kennedy's great-grandchildren are still benefiting from Trust Funds he set up. I do have to confess I just spent a half-hour or so looking for he web reference I originally got the $12 million dollars and 15,000 pieces of rental property from,and not only didn't find it,I did find that it was Trumps father,NOT his grandfather that left him 15,000 NYC rental properties. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Trump did get loans and other assistance from his father greater than the Donald's referenced $1M. For example, he was able to borrow against his future expected inheritance. The Rubio claim that Trump's business was founded on a $200M inheritance was false, and reduced last night to $100M, still false. Trump built his Manhattan business in the 1970s. His financial situation became dire in the early 1980s. He restructured, obtained multiple loans and deferments, and was financially well off before is father's death in 1999. The bulk of the estate was divided into four equal parts. $200,000 was left for each grandchild. Trump got a got hunk of money, but nowhere near $200M or even $100M. There is no reason for Rubio to claim Trump inherited such amount, or that that is how Trump started his business. By all accounts, Trump has amassed a multi-billion dollar fortune, and owns many major buildings and millions of square feet of prime Manhattan real estate. Trump was, indeed, given every opportunity to succeed. He was given the education opportunity and access to financing, and his father's connections. There is a great deal of wealth in the NYC area, yet few who start with wealth grow it to a multibillion dollar fortune. If Trump's business success were mediocre, there should be a glut of similarly situated real estate developer multibillionaires in NYC. In court, the grandchildren (children of the deceased Fred Trump Jr.) reportedly sought a one fifth share of Fred Trump's estate, valuing that share between $5M and $15 million, or the entire estate beween $25M and $75 million. Inside Trump's Bitter Battle, by Heidi Evans, NY Daily News, December 19, 2000, excerpt "The elder Trump was given two boxes to check, both of which would have given more money to Fred 3rd and Mary. He checked neither. When asked about this memo at a deposition taken this year, Donald Trump said he had several conversations with his dad in which the senior Trump told him he was going to leave the bulk of his estate to his four living children. Donald said he had the impression that his father was disinclined to leave Fred and Mary more because of his father's "tremendous dislike" for their mother, Linda. "I think he felt if it goes to the two children, it also maybe can go to the mother indirectly. He felt the mother was the cause of some of Fred's difficulty, and Fred had a difficult life," Donald said. Donald's sister Maryanne Trump Barry, a federal judge in Newark, said in her deposition that she was the one to review the lawyer's memo with her dad. "I talked about this [with my father] and said: What do you want to do? His words were, 'Forget about it. Forget about it.' He had no intention of treating them as one of his children - none."
Which is the same thing Donald Trump does. It's his business model. You yourself bankrupted that steamship company you ran. Your business model never made sense anyway, maximum 50% load factor and zero revenue. At least Trump's businesses brought in some money. Non auro, sed ferro, recuperando est patria
Well,he gets partial credit for it because his father left his children $200 million when he died. Donald's cut would have been $40 million,but when he had to borrow money from his family to survive when he was going under with the casion,hotel,etc,etc. Plus he and his accountants managed to "wash" a lot of his personal debts into the Chapter 11 bankruptcies he initiated. There is no reason for Rubio to claim Trump inherited such amount, or that that is how Trump started his business. I am no bigger fan of Rubio than I am Trump,but what probably happened was his research geek read that Trump's father left an estate of 200 million,and got mixed up about Donald managing the execution of the will with Donald being the only beneficiary of the will. The fact that Trump pulls huge numbers out of his ass at will also plays into this. I know I have read multiple reports of him inheriting 200 million from his father,when the truth was that was the total value of the estate,not what Donald ended up with. ESTIMATES are that he got around 40 million,which would have been a even cut. BTW,I really,REALLY hate to use the term "ONLY 40 million dollars". Especially in 1968 dollars. That's a whole damn HEAP of money. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
What the HELL are you talking about? ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Pete, you own steamships????
Not that I know about. Then again,nobody ever tells me anything worth knowing. If I do,I can make at least some money by selling Willie Green a season pass. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
Like trains,they really did have great whistles. Nobody can say they were ever left at the gate because they didn't know it was leaving.
ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
The grandchildren were left $200K each. Trump's share of the main estate was one fourth, not one fifth. The grandchildren (children of the non-inheriting, previously deceased, son) litigated "seeking one-fifth of their grandfather's estate - an estimated $5 million to $15 million." Do the math. The total estate would have been $25 to $75 million. Trump's share would have been about $6M to $19M before tax. The grandchildren involved in litigation would not have been inspired to low-ball the figure they were seeking. Every competing news rag is inspired to inflate the figure higher and higher. I have seen estimates ranging as high as $400M, but nothing to back them up. Rubio used a make believe figure in both debates and in between the debates.
Forbes estimates his share of the will came to $40 million. Maybe the kids didn't get equal splits,maybe he hosed them on management fees,or maybe there were other considerations neither of us is aware of,but I tend to believe Forbes. This sort of thing is their whole reason to exist,and they are well-versed and connected in the northeast. ISLAM MEANS SUBMISSION! Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority? (Ron Paul,2012) American Indians had open borders. Look at how well that worked out for them.
I even underlined the link for you! Non auro, sed ferro, recuperando est patria
Can you provide a link to where Forbes asserted that Trump's share of the inheritance was worth $40 million, please. My search for such a claim by Forbes has been unsuccessful. The following is from your preferred source — FORBES. http://www.forbes.com/profile/donald-trump/ #324 Donald Trump Source Of Wealth: television, real estate Self-Made Score: 5 - - - - - - - - - - Oct 2, 2014 The New Forbes 400 Self-Made Score: From Silver Spooners To Bootstrappers 1: Inherited fortune but not working to increase it: Laurene Powell Jobs 2: Inherited fortune and has a role managing it: Forrest Mars Jr. 3: Inherited fortune and helping to increase it marginally: Penny Pritzker 4: Inherited fortune and increasing it in a meaningful way: Henry Ross Perot Jr. 5: Inherited small or medium-size business and made it into a ten-digit fortune: Donald Trump 6: Hired or hands-off investor who didn’t create the business: Meg Whitman 7: Self-made who got a head start from wealthy parents and moneyed background: Rupert Murdoch 8: Self-made who came from a middle- or upper-middle-class background: Mark Zuckerberg 9: Self-made who came from a largely working-class background; rose from little to nothing: Eddie Lampert 10: Self-made who not only grew up poor but also overcame significant obstacles: Oprah Winfrey - - - - - - - - - - Opinion The Little Black Book of Billionaire Secrets NOV 1, 2015 Criticism Of Donald Trump, The Businessman: 'You Didn't Build That', Right Wing Edition John Tamny Back in 2003, and in a meeting with a prominent Los Angeles residential property developer who lived in a stunningly large house in Beverly Hills, I was awoken to the harsh reality of commerce in the 21st century. Probably the 20th century too. While this developer said all the right things about limited government, he freely acknowledged that his own immense wealth was to some degree a function of his skill at finessing the endlessly complicated political bureaucracy that erects all manner of barriers to home construction in Los Angeles. The above rates mention in light of all the criticism on the right about the source of Donald Trump’s wealth. The commentary is overdone, confused, and sounds rather left wing for it creating the impression that Trump isn’t supremely talented as a businessman. Up front, it should be said that this column is not a defense of Trump the politician. As past columns going back years have made plain, Trump’s alleged policy positions whereby he would pursue very large tariffs on Chinese goods are more dangerous – and it’s really not even close – than any policy broached by our last two failed presidents, George W. Bush and Barack Obama. And then if we ignore what a southern wall would mean in terms of government growth, Trump’s ideas on immigration would, if possible, be even less successful than the ill-fated “drug” war. Still, the various criticisms of Trump’s wealth are once again wrongheaded. First up is the commentary about Trump being a “crony” developer. The view that he’s not a real Republican in light of how he used government to get projects completed and funded is not completely fair. Implicit there is that Trump himself invented political corruption, not to mention the palm-greasing that defines residential and commercial development in major cities. Let’s be serious. As anyone who has merely tried to complete a home add-on knows very well, doing anything in real estate requires the navigation of a pretty gruesome sausage factory. Imagine then, what it’s like for developers to get the permitting for, and to ultimately complete, tall buildings in Manhattan. Speaking of Manhattan, that’s where Trump made his name. Nothing against his father’s achievements in the outer boroughs, but as evidenced by the prices of real estate on what is arguably the richest island on earth, Trump hit the big time in one of the most competitive developer markets in the world. That he achieved in the biggest of the big leagues (as Ken Auletta put it about the Manhattan part of New York City, “For those with talent, this city is the final test”) speaks very well to his business acumen. The talk about how Trump started on 1st, 2nd or 3rd base thanks to the money his father passed on to him is sour grapes. It’s a big, big deal to thrive in the Manhattan property market. And what about the Trump name? It’s been pointed out that Trump doesn’t build anymore as much as he lends his great brand name to big projects. In return for the right to slap Trump on buildings, The Trump Organization earns many millions. It’s assumed that the brand “Trump” alone is worth quite a lot of money, maybe billions. About this, was “Trump” a brand name when Fred was the family’s most talented real estate developer? Certainly not. That Trump the brand is worth a lot of money is almost seen as a pejorative when in fact it should remind us of Donald Trump’s enormous savvy as a businessman. Valuable brands are hard won, and while the Donald inherited Trump, it wasn’t worth much when he inherited it. - - - - - - - - - -
If the GOPe screws Trump, and chooses Mittens, then THEY WILL DIE on that hill! That will be the end of the GOP. They will then be unable to elect anyone to even dog catcher! And they will forever be blamed for "President Hillary" if she is not indicted, or "President Sanders ", or whoever. Si vis pacem, para bellum Those who beat their swords into plowshares will plow for those who don't Rebellion to tyrants is obedience to God. There are no Carthaginian terrorists. President Obama is the greatest hoax ever perpetrated on the American people. --Clint Eastwood "I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur
Rather than rely on Trump’s word alone, Griffin also calculated the developer’s returns based on two independent assessments of his wealth: A BusinessWeek estimate that he was worth $100 million in 1978, and Forbes magazine’s analysis that puts his current fortune at about $4.5 billion. Starting with the BusinessWeek number, the NAREIT index would have returned $8.6 billion by the end of last year, which is nearly double the Forbes estimate and consistent with “an underperformance of 48%,” Griffin says. More here:
petey, I meant to include you in my reply #35.
Easily fooled Fred. If that was the case there should be tens of thousands of people with 23 billion right now. There isn't. You buy lies because you are dim witted.
A K A Pebbles
A vote for Trump, is a vote for the foam party boyz! There isn't. Another minor problem with such hypothetical is that it conjectures that the entire net worth in invested, all dividends are reinvested, and all dividend taxes are ignored. In this hypothetical, the entire net worth would be unavailable for forty years. A somewhat similar Democrat-sourced claim was addressed by PolitiFact. [Excerpt] Running the numbers Even if the underlying assumptions are dodgy, the math at least is in the ballpark. We used $40 million as the starting point for 1974. Honghui Chen, associate professor of finance at the University of Central Florida, told us the account would have grown to $3.94 billion by November 2015 if the money had followed the S&P 500 index and all dividends had been reinvested. This is a rough calculation that ignores taxes owed on dividends, but it’s on the same scale as what the National Journal reported. Chen said it’s trickier to calculate the value of $200 million invested in 1982. "Because the stock market in 1982 was quite volatile, the current value of $200 million investment in 1982 would depend on the time at which it was initially invested," Chen said. If it went in right at the end of 1981, it would be worth $6.7 billion. Invested in June 1982, the value today would be $8.3 billion. Invested at the end of 1982, it would be worth $9 billion. Again, in the neighborhood of what the Journal said. There is a huge debate over Trump’s current net worth. Estimates from outsiders, such as Bloomberg and Forbes, range from about $3 billion to about $4 billion. Trump says he has closer to $9 billion. Our ruling Occupy Democrats shared an image that said if Trump had taken the money he got from his father and simply put it in a fund that tracked the S&P 500, he’d have $8 billion today. While it's true that Trump got a leg up from his father on the order of many tens of millions of dollars, this specific claim suffers from a key flaw. The only way to hit the $8 billion mark is to start with $200 million in 1982, and it's wrong to say that was Trump's father's money. While the father's business put Trump on the path to have $200 million in 1982, Trump himself had been running the company for eight years. We rate this claim False.
If they deny Trump and Cruz in favor of Romney or Rubio, there would be revolt. If Rubio were to drop out, there is an outside possibility that Kasich could rise as a compromise candidate. A Cruz nomination would lose in November but keep the GOPe in control. Of course, all this is predicated on Trump failing to gain a majority of the delegates. All of the new votes Trump has been bringing in would desert if he is denied.
So if he's not on a ventilator & can still remember his own name, maybe they should give him another turn... He might not actually win, but I bet he'd get more votes than Mitt.
#2. To: nolu chan (#0)
If the demonization of Bain Capital wasn’t enough to finish Romney off in the eyes of working class voters, his “47 percent” comment did the trick.
#3. To: nolu chan (#0)
#4. To: nolu chan (#0)
But the real business of Bain was private equity. They made a killing for their shareholders by buying out American companies, loading them with debt, bankrupting them, shuttering their factories, and shipping those jobs overseas.
#5. To: Willie Green, Beyond Jeb (#1)
(Edited)
Bob Dole hasn't died yet...
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#6. To: Willie Green (#1)
(Edited)
Bob Dole hasn't died yet... So if he's not on a ventilator & can still remember his own name, maybe they should give him another turn..
#7. To: calcon (#3)
It's amazing they would pick this guy. He lost an election that was easily winnable.
#8. To: rlk (#4)
But the real business of Bain was private equity. They made a killing for their shareholders by buying out American companies, loading them with debt, bankrupting them, shuttering their factories, and shipping those jobs overseas.
#9. To: sneakypete (#7)
The only surprise to me is they didn't go with McLunatic again.
#10. To: paraclete (#9)
Oh where is a palin when you need one?
#11. To: sneakypete (#8)
Amen. Amd Bain drove 22% of those companies into immediate bankruptcy.
#12. To: Fred Mertz (#2)
I can't recall whether he 'gave' his five sons 10 or 100 million each.
#13. To: sneakypete (#10)
Nullified and left to rot on the beach,
#14. To: rlk (#11)
Which is the same thing Donald Trump does. It's his business model.
#15. To: rlk (#11)
According to you.
#16. To: nolu chan (#12)
Whatever Donald Trump inherited, he was 53 years old before it happened. Donald Trump did not start his business at age 53, in 1999 based on an inheritance.
#17. To: nolu chan (#12)
Re an inheritance from Fred Trump, the amount has little relevance in the grand scheme of things.
#18. To: nolu chan (#0)
#19. To: sneakypete (#16)
When Donald Trump turned 21 he inherited a trust fund from his grandfather than had been managed for him since birth that was worth 12 MILLION in cash in the late 60's,plus 15 THOUSAND pieces of NYC rental property.
#20. To: buckeroo (#18)
Why do you defend Trump with your political artical
#21. To: nolu chan (#19)
Donald Trump's grandfather Friedrich Trump died in 1918. He did not leave a trust fund for a grandson who was born 28 years after he died.
#22. To: sneakypete (#21)
"On March 23, Fred and Mary filed a legal objection to their grandfather's will in Queens Surrogate Court. They claimed Fred Sr. was suffering from dementia and that the will he signed Sept, 18, 1991, was "procured by fraud and undue influence" on the part of Donald, Maryanne and Robert Trump. Although they did inherit money from their father, they are seeking one-fifth of their grandfather's estate - an estimated $5 million to $15 million - what they believed would have been their deceased father's share as one of the five Trump children. But Fred Trump Sr.'s wish, as stated in his final 1991 will and the one he executed in 1984 after Fred Jr. died, was to leave the bulk of his estate in trust for his four living children: Donald, Robert, Mary-anne and Elizabeth. According to the senior Trump's wishes, Fred 3rd and Mary would be treated like all the other grandchildren. Each was left $200,000. But nine years ago, in a memo with the final draft of Fred Sr. 's will, his lawyer noted that Fred 3rd and Mary, in fact, would not be treated equally, because they could not receive their predeceased father's share of the estate. "Given the size of your estate, this is tantamount to disinheriting them," the lawyer wrote. "You may wish to increase their participation in your estate to avoid ill will in the future.
#23. To: sneakypete (#8)
Amen. Amd Bain drove 22% of those companies into immediate bankruptcy.
#24. To: nolu chan (#22)
The Rubio claim that Trump's business was founded on a $200M inheritance was false, and reduced last night to $100M, still false.
#25. To: nativist nationalist (#23)
You yourself bankrupted that steamship company you ran. Your business model never made sense anyway, maximum 50% load factor and zero revenue. At least Trump's businesses brought in some money.
#26. To: sneakypete (#25)
#27. To: calcon, Willie Green (#26)
Pete, you own steamships????
#28. To: sneakypete (#27)
If I do,I can make at least some money by selling Willie Green a season pass.
#29. To: Willie Green (#28)
#30. To: sneakypete (#24)
Well,he gets partial credit for it because his father left his children $200 million when he died.
#31. To: nolu chan (#30)
The grandchildren (children of the non-inheriting, previously deceased, son) litigated "seeking one-fifth of their grandfather's estate - an estimated $5 million to $15 million." Do the math. The total estate would have been $25 to $75 million. Trump's share would have been about $6M to $19M before tax.
#32. To: sneakypete (#25)
What the HELL are you talking about?
#33. To: sneakypete (#31)
Forbes estimates his share of the will came to $40 million. Maybe the kids didn't get equal splits,maybe he hosed them on management fees,or maybe there were other considerations neither of us is aware of,but I tend to believe Forbes. This sort of thing is their whole reason to exist,and they are well-versed and connected in the northeast.
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#34. To: nolu chan (#0)
" GOP Establishment Chooses Mount Romney as Hill to Die on "
#35. To: nolu chan (#33)
Starting with Trump’s professed net worth of “more than $200 million” in an interview published by The New York Times in November 1976, Griffin says the FTSE NAREIT All Equity REITS Index-compounded return would have returned $23.2 billon at the end of 2015, “considerably above Mr. Trump’s recent self-reported net worth of approximately $10 billion.”
#36. To: sneakypete (#35)
#37. To: Fred Mertz (#35)
Starting with Trump’s professed net worth of “more than $200 million” in an interview published by The New York Times in November 1976, Griffin says the FTSE NAREIT All Equity REITS Index-compounded return would have returned $23.2 billon at the end of 2015, “considerably above Mr. Trump’s recent self-reported net worth of approximately $10 billion.”
#38. To: A K A Stone (#37)
#39. To: Fred Mertz (#38)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#40. To: A K A Stone, Fred Mertz (#37)
If that was the case there should be tens of thousands of people with 23 billion right now.
The best summary of the National Journal article is that it presents a hypothetical investment scenario using numbers that have some basis in the value of the Trump holdings, but aren’t necessarily what Trump got directly from his father.
#41. To: Stoner (#34)
If the GOPe screws Trump, and chooses Mittens, then THEY WILL DIE on that hill!
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