- Joined
- Jun 28, 2006
- Messages
- 3,609
- Reaction score
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- Location
- Oaxaca, Mexico
- Gender
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- Political Leaning
- Conservative
"Donald Trump, the presumptive Republican nominee for president and self-described “king of debt,” offered a glimpse into his deal-making playbook Wednesday morning as he defended himself from Hillary Clinton's attacks.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
Trump: 'I'm the king of debt' - POLITICO
Isn't that wonderful. That's how a billionaire who is also an unabashed deadbeat operates. Donald owes a contractor $150,000 and he says, "I'll give you $75,000."
Now, who would accept that. Obviously, no one would if they had a choice.
"If you don't accept it will go to the court and you will definitely not get $150,000 because the project is grossly over-extended and you might get absolutely nothing." Now, faced with that choice, and realizing the project is, in fact, grossly over-extended, you cut your losses and take half.
Oh, over-extended means the project has run up debts through borrowing, selling junk bonds, hiring contractors, suppliers, and employees that cannot possibly be paid. There is simply no way possible the project can ever be expected to pay back what the King of Debt borrowed. And, keep in mind, the King of Debt describes himself as the smartest man in the room and someone who never apologizes.
That's why I call Donald Trump a deadbeat. He brags that he makes money by declaring bankruptcy and when asked about the people who lost over a billion dollars in his bankruptcies he said in the first Republican debate, "I made a lot of money in Atlantic City and I'm proud of that."
Donald Trump's caring for the working people, caring for Americans is exemplified by his willingness to take their money and then stiff them. Donald Trump is, in fact, a deadbeat.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
Trump: 'I'm the king of debt' - POLITICO
Isn't that wonderful. That's how a billionaire who is also an unabashed deadbeat operates. Donald owes a contractor $150,000 and he says, "I'll give you $75,000."
Now, who would accept that. Obviously, no one would if they had a choice.
"If you don't accept it will go to the court and you will definitely not get $150,000 because the project is grossly over-extended and you might get absolutely nothing." Now, faced with that choice, and realizing the project is, in fact, grossly over-extended, you cut your losses and take half.
Oh, over-extended means the project has run up debts through borrowing, selling junk bonds, hiring contractors, suppliers, and employees that cannot possibly be paid. There is simply no way possible the project can ever be expected to pay back what the King of Debt borrowed. And, keep in mind, the King of Debt describes himself as the smartest man in the room and someone who never apologizes.
That's why I call Donald Trump a deadbeat. He brags that he makes money by declaring bankruptcy and when asked about the people who lost over a billion dollars in his bankruptcies he said in the first Republican debate, "I made a lot of money in Atlantic City and I'm proud of that."
Donald Trump's caring for the working people, caring for Americans is exemplified by his willingness to take their money and then stiff them. Donald Trump is, in fact, a deadbeat.
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