** Trump Again Forced to Remind America He Is ‘a Very Intelligent Person’ **
Partial Quote :
"Donald Trump’s mental capabilities, or lack thereof, have been in the news recently. Secretary of State Rex Tillerson reportedly called him a “fucking moron,” and then pointedly refused to deny having said it.
More recently, the Washington Post reports, “lawmakers in both parties increasingly consider him an untrustworthy, chronically inconsistent and easily distracted negotiator.”
https://nymag.com/intelligencer/2017/10/trump-reminds-america-he-is-a-very-intelligent-person.html
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@design_RG If there is one thing that is undeniable it is that trump is not smart, but rather a bit dull.. and every time he opens his mouth he says exactly the wrong thing.
@freemo The fact he feels the need to come out and sell his intellectual prowess like he does is a great indicator.
@design_RG well That is just because he has a a psychological disorder called "Expansive Delusions" probably routed in an Inferiority Complex early on in life.
Part of him knows he is an idiot, but he cant accept that and needs to go out of his way to prove to himself and others he is not. So he invests all of his effort in trying to prove that.
The success he has seen is more the result of effort (he himself claims to work all day and rarely sleep) than it is due to being smart or capable.
@design_RG well I agree his success is mediocre at best.. It wasnt impressive success by any means. But the guy is president, so we cant really say he lacks success entirely.
He also isnt poor, while he would be **much** richer if he were smart, he still isnt poor. You could point to the bankruptcies but in the end his personal success, at least financially, boils down to how much he has in the bank. If we are talking about his success in terms of being someone who has contributed to society, well then, not so much.
@freemo The bankruptcies, mutiple times, were shaddy business decisions -- to stiff the lenders, the Banks who fronted his ambitious plans, which fell apart.
Hundreds of millions of dollars of company loans went unpaid. His personal assets were not touched, lawyers always circled this guy since he courts trouble everywhere.
He's got a personal fortune, good part of which was inherited from his father; and transferred to successors without paying the real amounts of taxes for the amounts involved (the NY Times did a tremendous forensic accounting exposé on this; it's possible NY State might take some action once DJT leaves the white house)
@design_RG Bankruptcy isnt really shaddy or even unethical, though it is a sign of failure.
When you declare bankruptcy as a company it is very different than an individual. The company liquidates, what money it is worth goes to lenders(usually unable to cover their debt) and any that happens to be left over will then and only then go to investors.
If a company is in debt it isnt stiffing its lenders it is just admiting it failed as a company and pays off lenders as best it can.
I'd say personal bankruptcy is more as you describe because with personal bankruptcy you have no obligation to liquidate your assets to replay loans.
@freemo @design_RG
> I'd say personal bankruptcy is more as you describe because with personal bankruptcy you have no obligation to liquidate your assets to replay loans.
Depends. Very often personal bankruptcies are required to liquidate and repay. In Florida in the '90's they came and took everything I owned deemed unnecessary or excessive. Guns for instance.
Well yea, sorta. there are certain types of loans not nullified by a bankruptcy, in which case of course they will require you to pay still. But many types of loans are cleared through bankruptcy. Point being, with personal bankruptcy you wind up stiffing more lenders than with a corporate one, at least typically.
Like personal bankruptcy wont get you out of a mortgage or a school loan, but it will get you out of credit card debt and personal loans.
@freemo Why did I choose to use the "shady" word in that sentence?
Because it was an easy way out of a megalomaniacal business venture, with no chance of success given the existing competition in the same location, the economical climate, etc.
Plus, Gambling. Wish we would have more of the Puritan values in that sense.
DJT opened too many fronts, he didn't have a business plan or skills to keep these as going concerns, the man is an embarrassment as a business exec. He is Marketing, Bluster and Law Suits.
He titled himself "King of Debt' at the time.
The Banks lost, by inheriting his failed ventures. He even wrote off some stuff on personal income taxes in those years, millions of dollars worth.
I wouldn't condemn a small business man, who falls to difficult times or unexepected conditions. Even administrators of larger enterprises. But this is all together different.
@freemo I would suggest his success (when he finally gets something right and a project completed) lately is in great part because of building a TV persona profile that the American people were familiar with.
As a businessman? American Banks lost millions to the multiple bankruptcies of his casinos in Atlantic City. They would NOT give him credit, and he was hamstrung; until Deutsche Bank came around and opened the tap (bullshitted by exaggerated statements of value on existing assets, as usual for his company).
The fact that DB did this changed History, as otherwise his business profile would have shrunk rather than grow; and his persona as the reality TV honcho less cred.
Work of the POTUS does not include hours watching TV, Fox, calling friendly host or the hours and hours on Twitter. This is all diversion, any serious executive would be in trouble for doing that in a corporate setting.