Mayor Pete or Community Organizer Obama - you be the judge.

[iluvatar5150]

Bernie has said on national tv there should be no billionaires. That isn’t exactly a love statement.

View attachment 272638

Bernie Sanders wants to get rid of billionaires. All of them. - CNNPolitics

You were saying?

Fair enough.

 

[TLK Valentine]

Why does Bernie hate them so much that he wants to see them loose all they worked for?

You'll have to ask him... or at (the absolute very) least, start a relevant thread to discuss the issue.

Surely you can do at least one of those things, right?

 

[hislegacy]

Fair enough.

Thank you

 

[Hank77]

yes he does

and the President ran 350 different corporations globally for 30 plus years before he became President and Obama never started a business.

we can find strengths and weaknesses on both, can’t we?

I'd like a source for these corporations that Trump ran especially the global ones. Thank you.

 

[DaisyDay]

I'd like a source for these corporations that Trump ran especially the global ones. Thank you.

It's more international than global, but Trump Organization does run several golf courses overseas. I believe their main expansion is in India currently.

 

[Albion]

Most all the guys wear a white shirt and tie so that means nothing. .

It has been shown that Pete consciously copies Obama in phraseology, appearance, and campaign promises. But is that wrong to do?


He seems to be careful not to copy too much speech, word for word, in which case he might be accused of plagiarizing, as Biden was.

 

[Albion]

The following quotes are from JDReview. In case you didn't catch that, JD stands for Juridicial Doctor.

--which is the new replacement for LLB, Bachelor of Law. Lawyers complained that they'd done a lot of post-graduate work and should come away with something that looks more impressive than just a second bachelor's degree. So they were accommodated! It doesn't mean that anyone with a JD (meaning Juris Doctor) after his name must be an expert in the law. There are higher degrees in the legal field.

 

[TLK Valentine]

For a wealthy person to lose money on paper when the stock market is down is not the same thing as a wealthy person with multiple investments falling behind an expanding national economy.

True... Donald has never had a company traded on the Stock Market, IIRC, so 1. He's never had to answer to anyone, and 2. He has nobody to blame but himself for his business failures.

 

[Hank77]

It's more international than global, but Trump Organization does run several golf courses overseas. I believe their main expansion is in India currently.

He owns 16 golf courses around the world.
That leaves 334 businesses not accounted for.

 

[iluvatar5150]

He owns 16 golf courses around the world.
That leaves 334 businesses not accounted for.

For anybody reading at home - most of those businesses aren't "businesses" in the way we typically think of them. They're paper entities used to encapsulate various deals. I read the whole list a while ago - IIRC, it was as part of his financial disclosures - and I looked up a lot of the entries. For any single deal (which could be as limited in scope as investing in or licensing his name to a single property), there were at least 2 LLC's - many had 4. And most of the deals never amounted to anything; I got the impression that the legal entities were created at the very outset of discussions.

 

[Hank77]

For anybody reading at home - most of those businesses aren't "businesses" in the way we typically think of them. They're paper entities used to encapsulate various deals. I read the whole list a while ago - IIRC, it was as part of his financial disclosures - and I looked up a lot of the entries. For any single deal (which could be as limited in scope as investing in or licensing his name to a single property), there were at least 2 LLC's - many had 4. And most of the deals never amounted to anything; I got the impression that the legal entities were created at the very outset of discussions.

I suspected several of them were licensing the name Trump to put on hotels, apartment complexes, etc.
and others that didn't pan out such as airplanes, steaks, etc., not to mention the casinos that went belly up.

 

[Hank77]

For anybody reading at home - most of those businesses aren't "businesses" in the way we typically think of them. They're paper entities used to encapsulate various deals. I read the whole list a while ago - IIRC, it was as part of his financial disclosures - and I looked up a lot of the entries. For any single deal (which could be as limited in scope as investing in or licensing his name to a single property), there were at least 2 LLC's - many had 4. And most of the deals never amounted to anything; I got the impression that the legal entities were created at the very outset of discussions.

I suspected several of them were licensing the name Trump to put on hotels, apartment complexes, etc.
and others that didn't pan out such as airplanes, steaks, etc., not to mention the casinos that went belly up.

 

[iluvatar5150]

I suspected several of them were licensing the name Trump to put on hotels, apartment complexes, etc.
and others that didn't pan out such as airplanes, steaks, etc., not to mention the casinos that went belly up.

It was those, but it was a bunch of other stuff, too. Some Saudis want to talk about going halvesies on a hotel? Whip up a couple LLC's. DonJr needs a bailout for a bad loan? Whip up a couple LLC's. Somebody wanted Trump to pitch some condos? Whip up a couple LLC's.

It'd be like if a McDonald's franchisee had 5 restaurants and for those 5 locations he had: two LLC's for each restaurant, two for each piece of property on which the restaurant resides, four for the parent company of the restaurants, four for the property management company, and then another four for the holding company that owns all of it, would you say he owns 32 companies? Or would you say he owns one company with 5 locations? If he had, on occasion, entered into discussions about acquiring a few other properties, would you say he owned 40 companies? No, most people wouldn't.

 

[KCfromNC]

For anybody reading at home - most of those businesses aren't "businesses" in the way we typically think of them. They're paper entities used to encapsulate various deals. I read the whole list a while ago - IIRC, it was as part of his financial disclosures - and I looked up a lot of the entries. For any single deal (which could be as limited in scope as investing in or licensing his name to a single property), there were at least 2 LLC's - many had 4. And most of the deals never amounted to anything; I got the impression that the legal entities were created at the very outset of discussions.

Makes it easier to close them up rather than pay vendors for the work they've done, I imagine.

 

[iluvatar5150]

Makes it easier to close them up rather than pay vendors for the work they've done, I imagine.

Yeah that, and I’m sure there are a bunch of other legitimate reasons for handling things that way. I don’t fault him for doing it. I fault his fanboys for exaggerating his accounting strategy into some sort of entrepreneurial bonanza.