I was talking to my liberal Union hack friend last night. He brought something up and when I try to find any articles it immediately goes to CNN, NPR, NBC and all the usual characters. The articles say verbatim what he was saying.
I am sure there is way more to this.
He hates Trump because and I quote, "I don't like what he did by bankrupting companies and defaulting on loans". Then he went on some diatribe about he knows someone who knows someone who is a high ranking member of PNC bank who said PNC will never loan money to Trump. Trump made money by bankruptcy companies and defaulted on loans.
My answer to him was tell me how many mom and pop stores were bankrupted by Unions?
He looked and said I know.
Typical DEMONrat hypocrisy.
First of all your friend is a moron. Trump probably owns or has eve owned over 200 companies/businesses. It is impossible for himself to run all of them, he has to have people run them so therefore he alone is not responsible for a failure of a company. Also out of so many companies some are not going to make it. How retarded to think he would purposely bankrupt a company which would lose him a ton of money. This bankruptcy thing is what the DEMS and MSM love to use because they know so many people do not really understand it , they know their supporters have a very narrow mine set when it comes to things like this. I would love to debate your friend because he has been brainwashed and it will take so much work to free him of it.
I believe the Trump Organization has owned over 400 companies. Several went bankrupt. Point 1: The failure rate of companies/new ventures is high. Statistically speaking, when you own/create 400+ companies, some will go tits up. Point 2: Define bankruptcy - Ch.7 (liquidation) or Ch. 13 (restructuring). Ask your friend what type of bankruptcy was it and was the point to restructure the company or shut down a not viable company? Another common M&A tactic is to purchase a company in distress, take it through C13 and come out stronger on the other side.
He did intentionally take some of his companies into bankruptcy to restructure their loans. He's well known for that tactic, and it's generally understood that will happen before he even completes the purchase. Often it saves the company from liquidation and saves the employees.
Thank you.
I wish you could.
I need solid articles to show him.
He reads what I send.
if your friend relies on articles to make a decision about anything in life then he is lost!
I know but he has to read it and he reads left wing propaganda
I need something substantial to send him but it is impossible to find.
The truth is, any article you send him will never be good enough as the source will not be reliable enough for him. If you’re waiting on a CNN or ABC article to write anything positive about Trump you will be waiting a long time my friend. Ironically, people with this mindset will read an article from Vox and treat it like the word of god.
I can honestly say when I send him stuff he does really read it it doesn't matter what site it comes from.
I just wish I could find something to dispute what all the propaganda media is saying.
There's a difference between defaulting on a loan and renegotiating a loan. There is truth behind what your friend says, but it is misrepresented. If a company is drowning in debt, what is the best outcome?
A. Liquidate so the lenders can recover whatever they can, usually a small fraction of the principal.
B. Restructure the loans so the lenders get less than the face value, but more than they would from liquidation, while allowing the company to keep operating and to grow?
Option B is clearly better for the company, the employees, the company's customers, and even for the lenders, not to mention society as a whole. But to achieve that outcome the company usually goes through bankruptcy as part of the process. That's what Donald Trump has done many times, and he's completely up front about it. Then he makes sure management doesn't get into debt trouble in the future, and that it grows and thrives. That's exactly what I expect he'll do for the country.
If your friend wants to see predatory bankers rewarded at the cost of working men and women, he's not much of a union rep.
Thank you.
I don’t think that Trump has ever defaulted on any loans. Some companies don’t make it, like the Trump shuttle. Often due to factors beyond the business model. Better to have tried and failed than to never have tried at all.
According to the documents of the article he keeps sending me yes he did default on loans because he went bankrupt.
One does not necessitate the other.
Thank you.
Yep the copy and paste media clips they regurgitate are frustrating, and when you expend the depth of their programming, Agent Smith takes over their body and flips the hell out at you.
I need solid truthful information.
Why? For your "friend" or for you. If you really want the details go to the source. Either write a letter to him or simply look for the court documents online or in person, and then consider the ensuing actions afterwards.
I need to show him documents to counter his. He keeps showing me articles and documents from his liberal sites.
I try to research but only those sites show up. I thought someone here may have some information.
No I don't need it for me
Donald Trump has never been personally bankrupt. He has owned 6 companies that sought bankrupt protections. I think all but one were casinos. It does not make him bad. Bankruptcy is pretty common among companies. There are about half a million each year. It allows them to become solvent again, sell or dissolve the company. That is the reason we have such laws.
I agree but try to explain it to someone who isn't dumb and they don't listen.
Until one is ready to question things they have NOT reached the threshold to reality yet
He never will be then.
Just now he sends me a text it says read it all on here and it comes from a site called Thought and Company.
https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019
Filing bankruptcy is often times a part of doing business. Taking advantage of laws, rules, and regulations governing financial actions in the business sector is no different from your fren writing off union expenses, or other tax exemptions when filing their taxes.
How does that warrant "hatred" for someone he has never even met? It doesn't. That's just an example of normal, indoctrinated libshit programming, parroting DNC propaganda talking points.
Thank you.
I will tell him these points.
Not another handshake shill.
I agree and now he sends me something from Google with the name Thought and Company. I told him these are all left-wing sites.
Get out of here handshake. This is NPR.
Bye.
Yeah they had Russian documents and they have this document and they have that document get the hell out of here.