Donald Trump's Net Worth

Discussion in 'Off-Topic Discussions' started by Maniac Craniac, Apr 25, 2011.

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  1. Maniac Craniac

    Maniac Craniac Moderator

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    punoɹɐ ƃuıƃuɐɥ ʇsnɾ
  2. SurfDoctor

    SurfDoctor Moderator

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    I can hear it now. President Trump: "Our deficit is $1.4 trillion, no wait, it's $80 billion, just kidding, our deficit is $2 trillion...sorry just a little bloviating"
     
  3. Ian Anderson

    Ian Anderson Active Member

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    In Southern California two "billionaires" couples are now bankrupt (or almost) following bitter divorces. It turns out that each couple was living on borrowed capital.
     
  4. NorCal

    NorCal New Member

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    People need to realize that being a good business man is completely different from being a good President.

    In business you have to take chances and you cannot be afraid to put you neck out there and try something risky, because with great risk often time leads to great award. People like Trump have made millions and then lost it all, just to build themselves up again, followed by losing it again, and the cycle continues... Some of the greatest success stories in business have followed that pattern. However, that inherent predisposition to take great risks is something that works with your own money, but I'd be apprehensive to see someone with that mindset who could also control tax payer money.

    I don't think the economy is in a position where it could afford someone who likes to take huge risks. But on the other hand, our current politicians aren't doing much better by hold things close to the chest. I can see both sides of the argument. A part of me admires Trump for what he has accomplished in Business, but running for President is not something I personally do not feel comfortable with. But then again, I'm fiscally conservative, and I believe there are government spending programs that are completely out in left field, so I'd like to see a candidate who could real in the FED and put our money toward things that would benefit the people that pay taxes.

    Just my .02 cents
     
    Last edited by a moderator: Apr 26, 2011
  5. Abner

    Abner Active Member

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    Yeah, that happens a lot. My friend has a second home he rents out as an investment. The mortgage/rent is 18k a month. He met a couple through a friend. This couple were multimillionaries on paper, but it was "borrowed capital". Now, this couple has declared BK leaving him/the owner with months on non payment. I told my friend he should just sell this property off and be done with it. Not sure he will listen. He would still have the really nice house he has in a primo location, and he could pay it off with all the money he sinks into the investment property. It's pretty hard to get a reliable renter at 18k a month in this economy.

    Oh lord,

    Abner
     
    Last edited by a moderator: Apr 26, 2011
  6. sideman

    sideman Member

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    As much as I admire Trump as a businessman and marketing machine I can't imagine him as our president. However, I don't think it would hurt to have a president that has business savvy and sense. When our country has been in dire straits before someone has risen to the forefront and become the leader our country needs. During the depression it was FDR, during the civil war, Lincoln, etc. Bush, Clinton, Bush and Obama have all had their chance and none have made any significant mark. Mediocrity has been the status quo since the Reagan years. My hope is that there is a dark horse out there that is ready and willing to take our country in the direction it needs. And BTW as a republican conservative I'm ready to vote for that dark horse on any ticket.
     
  7. NorCal

    NorCal New Member

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    I completely agree.
     

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