Mind and Destiny

“I make no pretension to patriotism. So long as my voice can be heard ... I will hold up America to the lightning scorn of moral indignation. In doing this, I shall feel myself discharging the duty of a true patriot; for he is a lover of his country who rebukes and does not excuse its sins. It is righteousness that exalteth a nation while sin is a reproach to any people.”- Frederick Douglass

Location: Delhi, N.Y., United States

The author and his webmaster, summer of 1965.

Friday, July 15, 2016

Left Empty-handed

In Atlantic City, the Trump Plaza Casino and Hotel sets abandoned.  Not far away is the old Trump Marina Hotel Casino, which was sold at a huge loss.  Down the boardwalk is the Trump Taj Mahal, that filed for bankruptcy in 2009.  The new management canceled workers’ health insurance and pensions.

Trump is allegedly a fantastic businessman.  His excuse for those failures is that Atlantic City went downhill, and it’s not his fault.  His businesses were failing before the rest of Atlantic City began struggling.  In fact, other businesses did poorly, because his bad decisions hurt the whole city.

Trump’s companies ran up hundreds of millions of dollars of debt.  He borrowed at high interest rates, and defaulted on loans four times.  Regarding one of those bankruptcies, Trump said: “I figured it was the bank’s problem, not mine.  What the hell did I care?”  He repeatedly defaulted and he knew, that others would be left empty-handed while he kept his plane, helicopter, and penthouse.

He convinced people that his Atlantic City properties were a great investments, and they invest their money.  But, he had arranged, that he’d get paid, no matter how those companies performed.  When a casino collapsed because of Trump’s poor management, hundreds of employees lost their jobs.  Shareholders, lenders, contractors, and small businesses took losses, and some went bankrupt.

Trump actually bragged: “Atlantic City was a very good cash cow for me for a long time... The money I took out of there was incredible.” 

Donald Trump has been involved in more than 3,500 lawsuits over the past 30 years.  Thousands of lawsuits have been filed by ordinary Americans.  Painters, waiters, plumbers, and contractors didn’t get paid the money they had earned, not because Trump couldn’t pay, but because he wouldn’t pay.  Hundreds of liens have been filed against him, that go back decades.  They all told the same story: “I worked for him, I did my job, he wouldn’t pay me what he owed me.”


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