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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
05-09-2019, 09:29 AM
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#1
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Registered User
Join Date: Jul 2008
Posts: 20,435
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CNN and MSNBC say Trump is a loser
OK, I didn't watch ANY TV last night, so I just saw some clips of the "breaking" news (actually news that first broke 25 years ago) that Trump lost huge money from 1985 - 2004. Trump wrote a book called The Art Of The Comeback, it was about coming back from those staggering losses.
Amazing, I saw 6-7 different talking heads all using the same exact language - biggest loser. Are they all reading from the same script?
(1) The commercial real estate market completely collapsed at that time, and there was a terrible recession. Trump is a real estate developer and property owner. Most real estate moguls got annihilated at that time, because there weren't nearly enough tenants in skyscrapers and shopping malls, so there wasn't sufficient revenue to pay the mortgages, and the buildings were then worth a lot less so you couldn't sell it to get away from it. I presume that Warren Buffet and Bill Gates and Jamie Dimon lost a lot of money in 2008-2009, does that make them losers? Trump managed to get through it when many people didn't, and he's a billionaire. Is that a loser?
(2) If he's such a loser, then my God, what does that make Hilary Clinton?
These people are SO DESPERATE to attack this man, they look at his taxable income from 25 years ago, which was probably the worst time of his career.
Trump is a turd of a human being. There's all kinds of legitimate things to criticize him for. Why do these people need to humiliate themselves by resorting to this? Is everyone who loses money in major recessions, a loser?
The more leveraged you were in commercial real estate, the more you lost in the late 1980s. That's what happened. Jeez.
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05-09-2019, 09:37 AM
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#2
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Who’s got TDS Jim?
Posted from my iPhone/Mobile device
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05-09-2019, 09:45 AM
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#3
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by spence
Who’s got TDS Jim?
Posted from my iPhone/Mobile device
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Well, there's you for starters...
For the THIRD time, why does having financial dealings with Russia tell you Trump can't be a good POTUS, but having financial dealings with Russia doesn't similarly disqualify Hilary?
Your willingness to embrace that obvious double-standard, is TDS. It's no big deal when she does it, a huge problem when he does it.
I called him a turd, (criticism) I also said that despite suffering huge losses in a recession, he survived and emerged very wealthy (compliment). I both complimented and criticized him, and I feel both statements are accurate. Is that deranged? |
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05-09-2019, 10:45 AM
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#5
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by The Dad Fisherman
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$19 billion on TWO DAYS, there's the biggest loser who ever lived. because what you do over your whole career isn't what matters. All that we are judged on, is how much we lost on the worst couple of days.
TDS in all of its glory. |
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05-09-2019, 12:06 PM
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#6
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
For the THIRD time, why does having financial dealings with Russia tell you Trump can't be a good POTUS, but having financial dealings with Russia doesn't similarly disqualify Hilary?
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I'm not aware of Clinton having financial dealings with Russia aside from some contributions to the Foundation meant to help disadvantaged people.
Trump's dad set him up. Hundreds of millions, taught him how to cheat and still Trump 'effed most of it up. Nobody would lend him money so he had to turn Russian billionaires.
Completely different situations and the later is impacting our Democracy. |
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05-09-2019, 12:25 PM
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#7
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by spence
I'm not aware of Clinton having financial dealings with Russia aside from some contributions to the Foundation meant to help disadvantaged people.
Trump's dad set him up. Hundreds of millions, taught him how to cheat and still Trump 'effed most of it up. Nobody would lend him money so he had to turn Russian billionaires.
Completely different situations and the later is impacting our Democracy.
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"I'm not aware of Clinton having financial dealings with Russia aside from some contributions to the Foundation meant to help disadvantaged people"
In which $145 million is "some contributions". You know who you sound like? Rep Omar, "some people did something on 09/11".
"Completely different situations and the later is impacting our Democracy my sanity and ability to get through the day without s*cking my thumb while wearing a tinfoil hat". Fixed it. As long as CNN and MSNBC can do what they're doing without Trump throwing them all in a concentration camp (which is what a fascist would do), our democracy is fine.
Clinton, coincidentally, gave Russia the sweet Uranium One deal at around the same time that Russia donated $145 million to her foundation, but that's not threatening our democracy. |
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05-09-2019, 12:40 PM
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#8
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
Clinton, coincidentally, gave Russia the sweet Uranium One deal at around the same time that Russia donated $145 million to her foundation, but that's not threatening our democracy.
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Your conspiracy theories are getting old. That one has long since been debunked. |
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05-09-2019, 12:56 PM
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#9
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by spence
Your conspiracy theories are getting old. That one has long since been debunked.
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My conspiracy theories? Sorry, you’re the one who proposed the idea that Trumps
past dealings with Russia preclude
him from being POTUS. Laughable.
Posted from my iPhone/Mobile device |
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05-09-2019, 01:27 PM
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#10
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Registered User
Join Date: Jul 2004
Posts: 10,242
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The decrease in value of one's stock holdings isn't the same as declaring a loss on your taxes.
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05-09-2019, 01:35 PM
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#11
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
My conspiracy theories? Sorry, you’re the one who proposed the idea that Trumps
past dealings with Russia preclude
him from being POTUS. Laughable.
Posted from my iPhone/Mobile device
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We know Trump's business is highly leveraged with Russian money, we know Trump and the Campaign lied incessantly about contacts with Russia and pending business dealings with Russia worth hundreds of millions, we know Trump has repeatedly denied or downplayed Russian interference against the findings of every US department that has investigated and even after being briefed as a candidate, we know Trump's behavior on the entire issue has been bizarre to say the least and frequently inconsistent with his own staff.
There is no precedent even remotely close to this. This is reality Jim and a good reason for every American to be very concerned. |
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05-09-2019, 01:40 PM
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#12
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,189
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Quote:
Originally Posted by PaulS
The decrease in value of one's stock holdings isn't the same as declaring a loss on your taxes.
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So are you saying that Bezos and Zuckerberg didn't claim those losses on their taxes? |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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05-09-2019, 02:05 PM
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#13
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by The Dad Fisherman
So are you saying that Bezos and Zuckerberg didn't claim those losses on their taxes?
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It's not a loss unless you exercise the equities. |
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05-09-2019, 02:07 PM
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#14
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...
Join Date: Jan 2004
Location: MA/RI
Posts: 2,411
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Posted from my iPhone/Mobile device
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05-09-2019, 02:22 PM
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#15
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,189
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Quote:
Originally Posted by spence
It's not a loss unless you exercise the equities.
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Makes Sense
I never claimed to be a finance guy |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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05-09-2019, 02:43 PM
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#16
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Registered User
Join Date: Jul 2004
Posts: 10,242
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Quote:
Originally Posted by The Dad Fisherman
So are you saying that Bezos and Zuckerberg didn't claim those losses on their taxes?
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I didn't read the articles but Forbes tries to estimate rich folks net worth so if the value of the stock goes down those guys are worth less - but it is only a paper loss until they actually sell the stock. Of course the high value of the stock wasn't real money either until it was sold. So I think Trump's taxes vs the Forbes estimate is apples to oranges. |
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05-09-2019, 03:17 PM
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#17
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by The Dad Fisherman
So are you saying that Bezos and Zuckerberg didn't claim those losses on their taxes?
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Only if they sold their shares. You don't pay taxes on assets, you pay taxes on income, and capital gains after you sell the asset. I can have a trillion dollars in assets, but possibly have no income, and then pay no taxes.
In the case of commercial real estate, investors owned office parks, shopping malls, etc. In most case you don't pay cash, you take out a mortgage and assume that the rent you collect from tenants will cover your mortgage and provide you income on which you'll pay taxes. In the 1980s there was a major recession, so offices and malls lost paying tenants, but still had mortgage payments to make. In that case, if you paid out more than you took in, you had no income, you had a loss, and therefore would owe no taxes.
Doesn't make you a loser.
Now, it's reported that no one in the nation posted a bigger loss than Trump. Somebody has to lose the most, and it stands to reason it would be someone who leveraged himself to a great degree in commercial real estate. Same thing as when Amazon stock tanked, whoever owns the most shares, lost the most money. Again, doesn't make you a loser by ANY stretch, in fact, when the economy rebounds you can be very wealthy, as happened to Bezos and presumably, Trump.
If a multibillionaire who clobbered a heavily favored presidential candidate is a huge loser, then I ask again, what does that make Hilary? I wish I was that kind of loser. |
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05-09-2019, 03:22 PM
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#18
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by The Dad Fisherman
Makes Sense
I never claimed to be a finance guy
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If you pay $100 for a share of stock, and the next day it's worth $80, you have an unrealized capital loss of $20, but that loss is in theory only. The decrease effects your net worth, but has zero impact on your taxes until you sell the stock.
You pay taxes on realized capital gains, which is the difference between the price on the day you sell, and the price on the day you bought.
If you own commercial real estate, you pay taxes on your income, which in a simplified sense, is the revenue from rents collected, minus expenses like the mortgage, maintenance etc, Net income can be negative, in which case you owe no taxes. |
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05-10-2019, 04:25 PM
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#19
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
Now, it's reported that no one in the nation posted a bigger loss than Trump. Somebody has to lose the most, and it stands to reason it would be someone who leveraged himself to a great degree in commercial real estate. Same thing as when Amazon stock tanked, whoever owns the most shares, lost the most money. Again, doesn't make you a loser by ANY stretch, in fact, when the economy rebounds you can be very wealthy, as happened to Bezos and presumably, Trump.
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Sure, everybody got hit yet Trump seems to be the only one who couldn't get money from US banks so he had to go to Russia. That's the part you keep missing Jim. Follow the money... |
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05-10-2019, 07:44 PM
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#20
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Registered User
Join Date: Jul 2008
Posts: 20,435
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Quote:
Originally Posted by spence
Sure, everybody got hit yet Trump seems to be the only one who couldn't get money from US banks so he had to go to Russia. That's the part you keep missing Jim. Follow the money...
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if US banks wouldn’t lend him money, and Trump
made that degree of a comeback, sounds like the US banks were the losers.
if you’re telling a story about his losses, shouldn’t his comeback be part of the story, Spence? The answer is yes, unless you have an agenda that’s different from reporting facts.
Posted from my iPhone/Mobile device |
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05-10-2019, 08:35 PM
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#21
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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Quote:
Originally Posted by Jim in CT
if US banks wouldn’t lend him money, and Trump
made that degree of a comeback, sounds like the US banks were the losers.
if you’re telling a story about his losses, shouldn’t his comeback be part of the story, Spence? The answer is yes, unless you have an agenda that’s different from reporting facts.
Posted from my iPhone/Mobile device
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You really can’t connect the dots can you?
Posted from my iPhone/Mobile device |
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05-10-2019, 08:46 PM
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#22
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Registered User
Join Date: Feb 2009
Posts: 7,688
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Quote:
Originally Posted by spence
You really can’t connect the dots can you?
Posted from my iPhone/Mobile device
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Did Mueller miss some dots re this? |
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05-10-2019, 09:07 PM
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#23
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,075
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Quote:
Originally Posted by Jim in CT
if US banks wouldn’t lend him money, and Trump
made that degree of a comeback, sounds like the US banks were the losers.
if you’re telling a story about his losses, shouldn’t his comeback be part of the story, Spence? The answer is yes, unless you have an agenda that’s different from reporting facts.
Posted from my iPhone/Mobile device
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You assume somehow after Trump burnt the banks in NY with casinos, upside down financing on projects, Trump Air, etc, he magically found a foolish bank to bankroll him.
Who funneled him money thru Deutsche Bank?
Remember his boneheaded sons saying we get all the money we need from Russia.
Keep believing and defending Deranged Donald and Natasha
Posted from my iPhone/Mobile device
Posted from my iPhone/Mobile device |
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