Trump’s Company: America LLC

If we attempt to divine what is the most likely outcome of our dysfunctional government’s impasse over the focal point of border security in the larger issue of the federal budget, from Donald Trump’s “bargaining” position, it is no great difficulty to discern likely outcomes. It’s not a tea leaf reading, it’s an examination of Trump’s well documented history in his business endeavors. Even a cursory examination will suffice. Thankfully, the budget difficulties will most likely not be resolved by solely Trump, nor will he be allowed to follow his zero-fact whims.

It remains perplexing as to why anyone would have voted for Donald Trump, aside from the triad of voter-types whose ideals are well represented in Trump and his cadre of miscreants. Those three voter-type groups, I have written about recently: racists, Evangelicals, and the donor/dividend class. The remaining, and to this point, mostly unwavering, supporters of Trump, are a group impossible for me to quantify, but I would believe they are a crucially significant number of the electorate for whom it is absolutely necessary to get outside of the propaganda bubble and do some goddamn reading. Those who just wanted to “try something different” despite the readily available data that Trump was not only going to be “something different,” he was going to be something horrendously destructive, and those whom wanted Donny to “hurt the right people,” and finding themselves hurt instead; need to stand back and examine the carnage and realize all of this was foretold in Donny’s past. These groups of the electorate need to critically examine the present sources of misdirection in the propaganda they are currently consuming. Although it is a discussion for another day, it is the very politically beliefs, whose demonization are a daily sermon on Fox News, that would best suit their needs: social democracy. And the political beliefs that which they are pleaded with to champion- unfettered capitalism, that is the primary source of their displeasure and displacement; not immigrants or food stamp recipients or queers.

We all need to understand, Donny would be totally fine with an indefinite governmental shut down. He doesn’t care what he has to do to win. He has no emotional or sympathetic connection to you, unless your name is Trump…and even then, meh. He is not moored to facts or any recognizable version of reality. There is only Donny, there is only the fight, there is only winning, and in the event he does not win, he will walk away from the carnage and declare he has won just the same.

Donny was always an awful businessman and he never cared about you. Get it?

How do we know this? Because Trump’s lack of business acumen, awful deal-making, oblivious ignorance, and complete lack of concern for consequences, has played out over and over and over again.

What has seemingly been successful for Trump, at least financially speaking, is Trump’s franchising of his name on some real estate development properties. Some agreements never come to fruition and generate dueling lawsuits, and some Donny makes money off of, even if they never happen. Due to complete lack of transparency in all of his shell LLC companies, it is impossible to be certain, however there is strong evidence that some of the franchised sites as well as some of the directly owned sites are being used to launder money. It is also, of course, worthy of investigation as to exactly how many of Trump’s current, directly owned properties are subject to violations of the emoluments clause.

Some early real estate development directly managed by Trump were successful, notably Grand Central Terminal (loan from Daddy) and early on, Trump Plaza. Trump Tower was less well received due to Donald’s direction to destroy the art-deco, architectural gems of the previous location’s Bonwit Teller store as well as the use of several hundred undocumented Polish immigrants at slave wages for 12 hour days.

Perhaps none of Donald Trump’s many business failures are more emblematic of how he mishandles the country’s affairs, than his complete destruction of the USFL. Every one of his flaws and foibles were on full display in the way he manufactured the start-up football league’s demise. Lying, braggadocio, arrogance, ignorance, and cataclysmic, self-defeating need to find a fight which he could “win”, all wrapped up in a uniquely incompetent person; incapable of managing any enterprise, great or small.

From Sports Illustrated excellent story concerning Donny’s time in the USFL:

“The interview itself wasn’t always as impressive. Sportswriters found that Trump spoke in generalities and made grand statements and would barely answer their questions. If they asked Trump about football, “he sort of went blank,” said George Vecsey, a longtime columnist and sportswriter for the Times. “We all knew more about football than him.”

“After a while the writers covering the team started wondering how straight Trump was being with them. The cheerleaders claimed that Trump lied to them, too. During their first season, eleven of the 30 cheerleaders staged a walkout, saying Trump had not delivered on promises to arrange acting jobs, modeling gigs and television appearances for them to supplement their modest pay. Instead, they said they were forced to wear skimpy outfits and entertain drunks at local bars. They felt unsafe. Actress Lisa Edelstein, who’d been one of the younger cheerleaders, told the Huffington Post last year Trump treated them “like hookers.”

The short-lived league’s existence ended in a court battle, in which Trump’s ultimate goal was to create a fight with the NFL, as wielders of monopolistic power, forcing them to settle with the USFL, thereby fund the USFL’s competition into the NFL’s prime-time space in the fall and winter and ultimately force the NFL to merge the USFL into the their league, at which point Donny could cash out. A spectacular failure, outlined in this excellent description of the court proceedings. The defense attorney’s main strategy was to just allow Donny to testify and show what an ignorant, lying, unlikable piece of shit he was. It worked. It is worth noting, Donny’s employment of lying about, and misrepresentation of, meetings between himself and subjects of interest, in exactly the same fashion he does currently as “President”.

USFL, New Jersey Generals, 1983-1986. Ending in a anti-trust settlement for which Donald Trump won $3 from the NFL and ended the USFL’s existence. Donny walked away from the wreckage, calling it, “Small potatoes.”

Trump’s Atlantic City Casino Fiasco, 1984-2005 (depending on how one counts the various bankruptcy incarnations). What can be said about this dumpster fire? Financing created through issuance of junk-bonds, of which the devaluation to zero caused the loss of many untold retirements plans. In initial bankruptcies, Donny wrapped up his own personal financial losses in the casinos restructuring, thereby assuring he had no personal losses and also gave himself an annual salary to draw from the shipwreck. Directly competed with himself in the casinos. Countless subcontractors never paid or paid pennies on the dollar, which is standard operating procedure for Donny. Thousands of people lost their jobs. The destruction of Atlantic City, all for Donny’s bottomless ego, is the blueprint for Donald Trump’s destruction of America.

Trump Shuttle, 1989-1992. Donny purchases Twenty planes, that are twenty years old, attempts to upgrade them by adding weighty, gaudy, Trump-style decorations (weight/fuel being the biggest cost), and cut costs by suggesting only two pilots be onboard instead of the three that are required to fucking fly the things. In Trump fashion, attempted to battle with the rival airline, creating facts (lying) of how “unsafe” it was, to the horror of his own employees. Awful lies to tell considering: 1. to suggest an airline is unsafe, is to suggest that any airline could be unsafe. 2. airlines worked together to keep air traffic moving to everyone’s benefit, therefore, making an enemy of your closest competition is utterly idiotic. Donny had no idea what he was doing per usual; completely out of his depth. Bankers took over ownership, as often is the case with Trump businesses that aren’t irretrievably destroyed.

Trump Model Management, 1999-. Oh irony of ironies. Multiple lawsuits and accusations that it broke federal visa laws. The suit alleges that the agency recruits foreign models with promises of wages that never materialize and defrauds the U.S. government on visa applications.

The Apprentice, 2004-2015 A great success for Donny and perhaps the single source of his successful presidential run due to his high profile for low-attention span America. The greatest challenge for producers was editing production to make Donny appear to be coherent.

“He wouldn’t read a script — he stumbled over the words and got the enunciation all wrong,” Walker said. “But off the cuff he delivered the kind of zesty banter that is the lifeblood of reality television.”

Trump University, 2005-2010. A for-profit “learning” center, not accredited. Complete scam. Multiple lawsuits, Attorneys general inquiries. Settled two class action lawsuits, and NY State case for $25 mil. Part of the settlement was the inclusion of the provision that Trump didn’t have to admit any wrong-doing. Approximately 6000 fraud victims.

Trump Mortgage, 2006-2007. Opened at the worst time possible, when real estate was cresting and collapsing. “I think it’s a great time to start a mortgage company,” Trump boasted nonetheless. “The real estate market is going to be very strong for a long time to come.” Was not a lender, but a middleman taking a cut between banks and mortgage seekers. Complete idiocy.

The Trump Network, 2009-2011. A vitamin selling, pyramid scheme.
“They weren’t being able to pay [the lab]. They weren’t paying vendors. They weren’t paying us.” In early 2012, just over two years after it started, the Trump Network was sold to network-marketing company Bioceutica .”  “The Trump Network’s losers were not Donald Trump, but mainly the more than 21,000 people who invested in the company as recruiters, hoping to make it big, swayed entirely by Donald Trump’s promises. “

Donald J. Trump Foundation-charity, 1988-2018. A virtual slush fund of other people’s money for Donny to raid. “Our petition detailed a shocking pattern of illegality involving the Trump Foundation — including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more,” Underwood said in a statement. “This amounted to the Trump Foundation functioning as little more than a checkbook to serve Mr. Trump’s business and political interests.”

Trump Golf Courses. These are the vanity projects, much like the wall. And hey, that’s totally cool. If someone is a self-made kabillionaire, go ahead and build a monument to yourself as golf courses are notorious holes in the ground one throws money into. Very hard to run, so how could someone as inept as Donny possibly do it? Without seeing statements and tax returns, we don’t know. It is true that his European courses are seeing an uptick in revenue, what is unclear is if any of them are profitable. What is also unclear is exactly where the $200 mil came from to purchase and upgrade Turnberry? Or where other influxes of cash are originating.

“We know very little about how money flowed into and out of these projects. All of these projects involved specially designated limited-liability companies that are opaque to outside review. We do know that, in the past decade, wealthy oligarchs in the former Soviet Union and elsewhere have seen real-estate investment as a primary vehicle through which to launder money. The problem is especially egregious in the United Kingdom, where some have called the U.K. luxury real-estate industry “a money laundering machine.” Golf has been a particular focus of money laundering. Although the U.K. has strict transparency rules for financial activity within the country, its regulators have been remarkably incurious about the sources of funds coming from firms based abroad. All we know is that the money that went into Turnberry, for example, came from the Trump Organization in the U.S. We—and the British authorities—have no way of knowing where the Trump Organization got that money.” and Trump Magazine, two businesses whose primary purpose was tho promote Trump brands: failed. Trump Ice, Trump Steaks, Trump Vodka– all rebranding of existing products sold at ridiculous prices: failed, failed, failed.


Schwoooo this ended up being kinda long.

Here is a history of Donald Trump’s business career, it’s not all of it, but it’s the core components. It should be clear, Donald Trump has no idea how to run a business. Any business. There is no means by which he will not try to “win”- illegal, immoral or otherwise. he does not care who is destroyed, how many are destroyed, or what the nature of the destruction is.

He sleeps totally fine at night, every night. He is a sociopath, a complete fucking idiot, and he doesn’t care about you.

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