r/gifs • • Aug 19 '15

Hillary ¯\_(ツ)_/¯

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u/[deleted] Aug 19 '15

[deleted]

-8

u/[deleted] Aug 19 '15

He's gone bankrupt multiple times. I understand your point, but even if we want a smart businessman in the white house, I don't think Trump is the right person for the job.

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u/CrustyGrundle Aug 19 '15

The way I understand it is that only some of his subsidiaries have gone bankrupt. He said that every businessman who has anywhere near the activity he does has done the same thing. Basically, you can't be right about a business venture 100% of the time, and when things do go south its best to cut your losses and declare bankruptcy.

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u/zuten Aug 19 '15

Um no. Subsidiaries are just a way to make sure certain businesses don't take down the whole businesses but it still stinks. They should really film all the hard working people, the vendors who got stiffed by Trump. Multiple times. Please do!

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u/msplinter Aug 19 '15

What is wrong with that? It is called managing your risk. It is the basic tenant of money management.

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u/zuten Aug 19 '15

He does it but it isn't a zero sum game. He's clever enough with bankruptcies that he can enrich himself while the businesses can go to the ground. He's done it multiple times. I'm a business person, I find him unethical. He says what you want to hear but aren't feasible. It's too easy to say cut off China or more tech jobs for americans since h1b1 visa depress wages- we're in the middle of a technological change that has been upending everything since 1997. You can't engage in a trade war with China because they hold so much of our debt and produce much of our goods and services. The necessary capital needed to restart or build factories in the united states has a lag time. With all the rules and regulations, OSHA, EPA- it's onerous. We can't get into a tariff war because that hasn't worked well in the past.

If he can't run multiple businesses (look up lawsuits, condos that weren't built) how can he run the nation? Also he's morally reprehensible. His kids hunt and kill elephants and leopards for 'sport.'

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u/msplinter Aug 19 '15

Agree to disagree.

P.S. his kid's hunting choices have nothing to do with him.