General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIt's not that he didn't pay much tax that bothers them, it's that he was losing money like crazy
that's what destroys his narrative as the smart, wealthy businessman sacrificing himself to help the poor white working men of the Rust Belt, etc etc. That was one of his strongest appeals to the MAGAs.
He already addressed the not paying much in taxes in 2016, and people didn't care much, because it was just an example of how smart he was. It's that he is not rich, but rather deeply in debt (>$400M personal loan guarantee coming due) and is actually a cheap grifter using the presidency to try to save his ailing businesses. He is a loser to use one of his favorite words, and his it highlights his incompetence with Covid-19 and the resulting dire human and economic consequences.
Statistical
(19,264 posts)were the ones that got owned.
While they struggled, or lost their jobs, or couldn't afford health insurance the grifter in chief lost hundreds of millions of dollars through gross incompetence and used them to keep himself afloat.
That would make a good political cartoon. A bloated Trump keeping his head above water push putting MAGAts under.
andym
(5,441 posts)Should somehow include bankers demanding their loan money, and his taking it from the MAGAs and the US treasury.
The Velveteen Ocelot
(115,267 posts)Inquiring minds want to know, because that's the big fucking deal. Who holds his debt, and why, and what kind of hold do they have over him on account of that enormous debt?
andym
(5,441 posts)the other is who else guaranteed them.
icymist
(15,888 posts)Trump = Republican Trump = Republican Trump = Republican Trump = Republican (the new mantra) Trump = Republican Trump = Republican Trump = Republican Trump = Republican
andym
(5,441 posts)Trump is a modern day PT Barnum in some ways.
smirkymonkey
(63,221 posts)He is a massive security risk who is clearly only in this for himself and his businesses. He has never given a damn about this country or anybody in it, including the cult who worships at his feet.
Wounded Bear
(58,436 posts)not really interested because it's not really the point.
What worries me is the $400 million or so in debt. Who has the leverage on him for that?
Follow the money, or in this case follow the debt. That leads us to who owns Trump.
andym
(5,441 posts)Last edited Tue Sep 29, 2020, 12:26 PM - Edit history (1)
like Deutsche Bank-- it's who is signing on as co-guarantors.
Wounded Bear
(58,436 posts)Who really holds the markers?