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Nomi Prins: Cooking the Books in the Trump Universe
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There’s a clear pattern to Donald Trump’s life. Put simply: he gets away with it. Yes, sometimes (but not usually) he has to pay a penalty, but generally he has a knack for leaving others holding the bag. He’s stiffed untold numbers of people (plumbers, painters, cabinet-makers, waiters, lawyers, bartenders) whom he hired to do something — almost anything — for him; he stiffed undocumented immigrants who worked for him; he stiffed the students of Trump University (until they got a $25 million settlement); he stiffed American workers at his Mar-a-Lago and other private clubs, hiring cheaper foreign guest workers instead; and above all, the most successful businessman of all time (by his own account) took down five casinos in Atlantic City as his business empire of that moment crashed and burned — and somehow he came away with the money, leaving his investors holding the bag and his casino workers losing millions of dollars in retirement savings. As the New York Times put it, “[E]ven as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses, and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.”

In other words, there’s a record of “success” that Donald Trump brought to the presidency. The only real question is: When things begin to go badly for this country, who will he stiff this time? It’s not unreasonable to assume that, as with so many previous crews enamored of The Donald, he’s taking this country and his base, in particular, for the ride of their lives and when this particular roller coaster goes down, who will go down with it? Based on his history so far, not him. Or for the first time in his life — and think about this as you read the latest piece by TomDispatch regular Nomi Prins, author most recently of Collusion: How Central Bankers Rigged the World — could Donald Trump be stiffing not just us, but himself?

(Republished from TomDispatch by permission of author or representative)
 
• Category: Economics • Tags: Donald Trump 
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  1. Anonymous[342] • Disclaimer says:

    More Trump Derangement Syndrome on display. Just watching you react so comically is enough for me to vote Trump 2020. I’ve got my 2nd Amendment protected now by two Supreme Court picks. So I’m single issue in 2020: whatever makes liberals tears flow. That’s Trump. He’ll get reelected too. We’ve got more years of lamentations!

  2. Donald Trump may have done all of which you accuse him. However, he didn’t invent the scam, and he is not, most certainly alone in doing what that, of which you accuse him. In reality, it is what is taught in business schools.

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