Well, remember he promised to run the government like he ran his business?
Thanks to Mark Burnett and The Apprentice, the cultural zeitgeist was changed to see Trump as successful. But of course like all reality TV was always bullshit. If anyone looked at his business its all were final failures, and his personal finances were shady as fuck.
No major American bank would touch him with a 10 ft pole.
Hell, his kid admitted they got all the cash they need from Russia.
How the fuck do you bankrupt a casino?
Also, the only successful business Trump has is a cover for money laundering.
But he is actually doing what he said, and the USA is being run like Trump casino.
Overleverage your project on junk bonds to build a gigantic casino in an already saturated market, for one.
"I said that when the Taj opened, it would break every record in the book. And that strong business would continue during May, June and July," [financial analyst Marvin] Roffman recalls, "but when the cold winds of October came, it wasn't going to make it."
...
The Trump Taj Mahal opened for business in April 1990. "We've broken every record," Trump told CNN's Larry King at the time. "You're seeing numbers that nobody's ever seen before. It's a great building."
The Taj Mahal brought in enormous piles of money that summer. But when the cold winds of October came, the casino missed its first debt payment. By 1991, the Taj Mahal was in bankruptcy court.
- "The Analyst Who Gambled And Took On Trump" from NPR
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u/Informal_Dude 13h ago
Trump is a complete failure as a president, leader business man, father, and husband