July 20, 2016
How is it that the greatest businessman of all-time has filed for bankruptcy numerous times on his Atlantic City casinos, when the number one rule in gambling is that the house always wins? Making his business record even worse is that Donald Trump filed for bankruptcy on his Taj Mahal casino only one year after it opened. I’m no businessman (I do have an accounting degree), but that just doesn’t sound right. Most political pundits opine that Trump has filed for bankruptcy four times, but in fact, the actual number is six. They are:
1. Trump Taj Mahal (Atlantic City, New Jersey) in 1991,
2. Trump Castle (Atlantic City, New Jersey) in 1992,
3. Trump Plaza & Casino (Atlantic City, New Jersey) in 1992,
4. Plaza Hotel (New York, New York) also in 1992,
5. Trump Hotels & Casino Resorts in 2004 and
6. Trump Entertainment Resorts in 2009.
In 1995, Trump created the Trump Hotels & Casino Resorts to bring all his casinos, including one in Gary, Indiana under the control of one company. After declaring bankruptcy in 2004 on this venture, Trump changed its name to Trump Entertainment Resorts.
With six bankruptcies under his belt, one would think Trump would be embarrassed by his business record of accomplishment, yet the world’s all-time greatest businessman boasts how he has swindled bankers throughout his career. When you also consider that Trump has been sued thirty-five hundred times over the years, including the ongoing lawsuit against the world’s all-time greatest university, Trump U., it makes me think that things just might not be what they seem. Especially considering how he refuses to release his tax returns, something every presidential candidate has done so since Richard Nixon. Trump gives the excuse that he is being audited, however, so was Nixon in 1972.
Law prevents the IRS from releasing a person’s tax returns, but nothing prevents a person to do so while being audited. Seems like he has something to hide, especially considering that when he released his returns in 1981 when he was getting involved in the casino industry, he paid no federal tax. What’s funny is that he has the nerve to call Hillary Clinton “crooked.”
Even more ironic is that the universe’s greatest businessman of all-time labeled Senator Ted Cruz as “Lyin’ Ted” even though fact checkers have determined that seventy-five percent of what the donald (non-capitalization purely intentional) espouses are not true. Tony Schwartz, the ghostwriter behind Trump’s “The Art Of The Deal,” has been quoted as saying, “Lying is second nature to him.”
Abraham Lincoln was right when he opined “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”
Steven H. Spring