Is Trump's tepid response to the covid-19 outbreak because he's profiting off of the # of deaths?

[tenderfoot]

8 votes, 0 passes | Time left: Unlimited
	Yes - the sick fuck
	5 (63%)
	No - but he's still a sick fuck
	3 (38%)
	Other - but still, he's a sick fuck
	0 (0%)
	0 DU members did not wish to select any of the options provided.
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[LizBeth]

1. Lazy and stupid and doesn't care.

[Guy Whitey Corngood]

2. Or he just wants to wants to beat the Taliban.... Winning!!! nt

[Poiuyt]

3. I think he feels that reacting to it would hurt his chance of reelection

He's a sick fuck.

[badseedboy]

4. Well, the Russians paid bounties for dead Americans in the Middle East,

perhaps there is a bounty program for Americans in The U.S.A.

[TheFarseer]

5. No

It’s 2 things. He wants the economy to open up because him and his buddies can make more money. And a bunch of scientists and liberals told him to do stuff and screw them. I don’t have to do anything!

I don’t believe he is directly profiting from deaths though.

[ProfessorGAC]

8. You Mean His Buddies

You seem to believe PINO knows something about making $.
His real net worth, with inherited and no pay loans as a starting point suggests he is a hack at finance.

[TheFarseer]

12. Have you seen

The article that says he would be over 3 times richer if he had invested in an sap500 fund? Yep, he’s a genius all right!

[ProfessorGAC]

14. Yes

And, did numbers myself. I think it's higher than 3x.
First, had he invested in S&P, he would have been 1/6th wealthier than he lied about being worth.
Then after Moody's reran his organization's credit worthiness analysis (required by law) they found property values were very overstated and debt was understated, as debt with short term "no pay" provisions were not used in the calculation of net value. It was around a billion in unstated debt.
Then, we found about Deutsche Bank. Then, we found about the China state bank loans. Then we found out about the overstatement of property value in the UK.
It seems the number is at most $800 million, with a starting point of well over $50 million by 1978, and the an inheritance in '99, (where he forgave his own LTDebt) he started at:
- Given he was president of TO in 1971, by 1999 at a modest discount rate of 4%, should have $120 million.
- Then inherited $320 million. Total at this point, with a modest growth rate, is $460 million.
20+ years later, even at the same low ROIC, should be up to a billion, with limited debt.
Using S&P as you suggest, those "loans" should have grown to $360-400 million, and adding the inheritance and 21 more years, would be a bit under $4 billion.
So, I see 5x.
Less than he lied about, but 5x of reality.
Now, being heavy in S&P, but being in NASDAQ since the late 80s, expanding foreign investment into Bonn & Tokyo, net return would have approached 10% annualized.
The net would be closer to $6 billion which is higher than he even lied about. And, 7.5x what is the likely actual.
Either way, with all the chicanery, he underperformed the markets massively.
He could have been far wealthier doing nothing!
Successful, my rear!

[Me.]

6. He Thinks Only Dems Will Die Drom It

[mucifer]

7. putin told him to destroy our country and he's doing it

[2naSalit]

9. Probably. ...nt

[leftyladyfrommo]

10. Either he is or his friends are.

Trump is always about money.

[lettucebe]

11. We know he is profiting -- otherwise he wouldn't have done such a ridiculous job with PPE

Buys it, sells to companies who then resell at a profit to the states? How does that make sense unless his family is personally got a stake? It'll all come out, but sadly a million people will die waiting to find out

[GeorgeGist]

13. Putin likes to pay bounties to kill Americans.

So probably YES.