Remember when Trump first won the election and everyone from the media to Obama to Hillary and everyone in between was crying out that Russia somehow hacked the election? And when that fell through, especially considering it was Obama himself who insisted months prior to the election that it was not possible for a foreign entity to mess with the voting ballots (something the Left likely regrets to this day), they turned towards Russian collusion, starting phony investigation after phony investigation, with liar Congressmen claiming to have evidence but refusing to turn such evidence over.
Well, now that the Russian collusion narrative is basically dead (though there are those who still refuse to accept the truth even found in Mueller’s report surrounding that subject), the Left is looking at alternatives to getting Trump out of office. That much is clear considering Rep. Al Green (D-Impeachmentland) said he’s “concerned if we don’t impeach this president, he will get re-elected” and considering Speaker Nancy Pelosi (D-Californistan) said “we cannot accept a 2nd term for Donald Trump”.
They are absolutely desperate to get rid of the guy and have no hope whatsoever of beating him in 2020 (and side note: Democrats didn’t accept his first term either, Nancy).
So they have two options: look into possible obstruction (not gonna work) or somehow force Trump to release his tax returns (not sure what that would accomplish. If there was some sort of “payment” from Russia to Trump at some point or another, people in the IRS would’ve flagged it down far sooner than Mueller would have and neither party has done anything of the sort).
I have a feeling they will want to explore the first one more intensely, but if they can hit Trump about his taxes, they will. And that’s precisely what the New York Times tried to do recently. Key word here is “try”.
The New York Times released a story talking about Trump’s tax returns from the late 80’s and early 90’s, where Donald Trump actually was not doing quite so well financially.
“Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition,” read the Times.
Basically, their aim is to say “Trump is not as successful as he’d like you to believe! He actually lost money for a period of time!” However, there is one crucial point that they fail to make: EVERYONE IN NEW YORK CITY REAL ESTATE WAS LOSING MONEY AT THE TIME!
Overall apartment rental prices in the city fell by 15% beginning in 1988. Manhattan homes crashed by roughly 33% between ‘89 and ’96 and the area Trump invested heavily in, a railyard which he hoped to turn into a neighborhood, home prices crashed even worse at 40%. The real estate company Olympia & York, at one point the biggest landlord in the entire city, had to declare bankruptcy. Goldman Sachs and J.P. Morgan had to fire or stop doing business with real estate bankers in the early 90’s.
The New York real estate market was collapsing. Everyone involved in the craft was losing a lot of money. Naturally, so did Trump.
And that is something Trump himself admits. Here are a few paragraphs from Donald Trump’s 2007 book titled: “Think Big and Kick Ass”.
“My company owed billions and was much too heavily leveraged. I was in debt personally for $900 million. One day I was walking down the street and I said to my then wife Marla, ‘That beggar over there Is worth $900 million more than I am.’ She said, ‘What do you mean?’ I said, ‘Because I’m $900 million in debt, and at least he has money in his pocket.’”
“I used to say to myself, ‘Oh, my God, am I in trouble. I am going down.’ That was big league. I was not focused but I never blamed myself, because from the day I graduated from Wharton in 1968, I did well. For twenty-one years I was doing fantastic. I felt like I had the right to take it easy. I really felt that after twenty-one years I had the right not to focus.”
“Reality taught me an important lesson: I could not have it both ways. If I wanted to be the greatest, the amazing Donald Trump who makes everything he touches gold, then I needed to focus. I could not have one without the other. I decided that I still wanted to be the old Trump and started focusing like never before. In 1991, the world was collapsing. It was so bad in real estate that if a person walked into a building, just looking around, we considered it to be a sign that the market was changing.”
“I have been through a lot. I have had great success. I have also had some really tough times, like when the real estate market collapsed in the early 90s. I owed many billions of dollars, and the banks were after my ass. It was not exactly fun! I had every major bank after me. Everybody in my industry was in big trouble. I had some friends and some enemies in the business who I thought were really tough guys, but most of them could not handle the bad times like they handled the good times. Most of them went out of business. All my friends were going bankrupt. I was very close, but I never went bankrupt. Even though it was not much fun and I never want to go through it again, in some ways it wasn’t so bad. I slept very well, and I managed to keep my faculties. It is not that I trained for it; I didn’t train for it. But that awful experience taught me that I can handle pressure. Most people crawled into a corner, put their fingers in their mouths, and said, ‘Mommy, Mommy, take me home!’”
“I learned that I can handle pressure. I did not back down under pressure. I turned it back on the banks and let them accept some of the blame. I figured it was the bank’s problem, not mine. What the hell did I care?”
While that may be an awful lot to look into (and I certainly won’t be analyzing everything) the main point I wanted to make here is the fact that Donald Trump knows very well, more than anyone, especially some NYT reporter, how bad things were for him and his business.
Everyone around him was going bankrupt and/or losing tons of money. He himself was losing tons of money and ALMOST went bankrupt, as he himself admits. And yet, he did persist, unlike the Times wishes to insist.
Look at that quote from the Times once again: “Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome… But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.”
It’s not his tax returns that paint a different and bleaker picture than what Trump was boasting about himself, it’s THE TIMES THEMSELVES PAINTING A DIFFERENT PICTURE! Donald Trump, unlike many in his industry, actually did not go bankrupt. He was losing money, yes, as was everyone else. But he persevered, worked harder than everyone else, and he became the city’s prime real estate figure.
It’s not a “self-spun narrative of business success and of setbacks triumphantly overcome”, it’s a retelling of actual events and life experiences that he underwent. He had major business success, otherwise HE WOULDN’T BE A BILLIONAIRE! He had setbacks that he triumphantly overcame because HE DIDN’T GO BELLY UP WHEN EVERYONE AROUND HIM WAS!
Not that they bother to mention any of the other information in their article. Their sole focus is to attack Trump in any way they can. They willfully ignore that he came out of the 90s a real estate winner, particularly in comparison to many of his friends and competitors in the business.
The late 80s and early 90s were tough on Trump, and yet, he never declared bankruptcy himself. How then can one consider him a failure for NOT crumbling alongside the markets? How can he be considered a failure for having a few really bad years but eventually overcoming them?
The answer is that you can’t, but the Left will try their hand at anything that can possibly hurt Trump. Just conveniently forget that everyone was doing poorly (quite an understatement) in New York real estate around the same time as Trump was and all of a sudden, it looks like Trump was a really bad business man. Although you also have to conveniently forget that he did become a billionaire again as time went on and his businesses thrived.
You have to do an awful lot of misremembering and convenient forgetting of the facts in order to think and say that Donald Trump was not a good business man.
While everyone else was going bankrupt around him, God blessed Trump throughout. He did not go without some bad periods and without his struggles, but the Lord was guiding his footsteps the entire way. I hope Trump thanks God as often has he can for what He did for him.
“Though I walk in the midst of trouble, you preserve my life; you stretch out your hand against the wrath of my enemies, and your right hand delivers me.”
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