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Offline thatcher

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Trump: 'I'm the king of debt'
« on: June 22, 2016, 01:23:53 pm »
Trump: 'I'm the king of debt'

Donald Trump, the presumptive Republican nominee for president and self-described “king of debt,” offered a glimpse into his deal-making playbook Wednesday morning as he defended himself from Hillary Clinton's attacks.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
Story Continued Below

“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
...

In a different interview Wednesday morning on ABC's "Good Morning America," Trump defended his use of bankruptcy laws in business dealings. The GOP nominee, who has been through four corporate bankruptcies, said he has "used brilliantly the laws of this country" in the business world, but never in his personal life. He said his history of bankruptcies is not unique within the business community.
“I’m running a business, you’ve got to understand. I’m running a business," Trump said when asked if those bankruptcies had hurt average Americans. "I’m running a business for myself, for my company, for my employees and for my family.”

Read more:  http://www.politico.com/story/2016/06/trump-king-of-debt-224642#ixzz4CJUgrixc
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Oceander

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Re: Trump: 'I'm the king of debt'
« Reply #1 on: June 22, 2016, 01:48:08 pm »
Aaahh yes, the third-rate huckster. 
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Offline Gov Bean Counter

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Re: Trump: 'I'm the king of debt'
« Reply #2 on: June 22, 2016, 02:08:58 pm »
« Last Edit: June 22, 2016, 02:49:57 pm by Gov Bean Counter »
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Offline ExFreeper

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Re: Trump: 'I'm the king of debt'
« Reply #3 on: June 22, 2016, 02:13:36 pm »
I'm sorry but the man needs to stay off Twitter and stop these silly interviews with anyone who will listen. 
He should stop pissing off the Cruz supporters and other GOPers that have not publicly indorsed him.  The interviews (i.e. free press) might have worked in the Primary season, but we are now in the general.  He needs to shut up and become more measured in his talking points.  I'm afraid his mouth and ego are his biggest liabilities that cannot be overcome. 
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Offline ExFreeper

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Re: Trump: 'I'm the king of debt'
« Reply #4 on: June 22, 2016, 02:15:28 pm »
Quote from: Gov Bean Counter on June 22, 2016, 02:08:58 pm

https://m.youtube.com/watch?v=FyM8NVl4yBY

Not sure if you know this, if you remove the "s" in http link, the video will load in your post.
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"A major source of objection to a free economy is precisely that it gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself." - Milton Friedman

Offline Gov Bean Counter

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Re: Trump: 'I'm the king of debt'
« Reply #5 on: June 22, 2016, 02:41:39 pm »
Quote from: ExFreeper on June 22, 2016, 02:15:28 pm
Not sure if you know this, if you remove the "s" in http link, the video will load in your post.

Didn't, but thanks!
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Offline mlizzy

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Re: Trump: 'I'm the king of debt'
« Reply #6 on: June 22, 2016, 02:47:46 pm »
Quote from: thatcher on June 22, 2016, 01:23:53 pm
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”

I'm not listening Donald J. Trump! Bragging is not presidential.

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Offline LottieDah

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Re: Trump: 'I'm the king of debt'
« Reply #7 on: June 22, 2016, 02:58:12 pm »
Someone please remind me -- is debt a good thing?
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Offline XenaLee

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Re: Trump: 'I'm the king of debt'
« Reply #8 on: June 22, 2016, 03:09:25 pm »
Quote from: thatcher on June 22, 2016, 01:23:53 pm
Quote
“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
...


This is probably THE most idiotic thing Trump has said thus far.  And he has provided some really stiff competition re: that.

Give back to who?  With what?  A collapsed economy = no money to give anyone, much less "half".  Asinine.

Trump needs to always be scripted or on a teleprompter.  Cause what comes out of his mouth is absolute caca.

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Offline LMAO

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Re: Trump: 'I'm the king of debt'
« Reply #9 on: June 22, 2016, 03:23:15 pm »
Quote from: thatcher on June 22, 2016, 01:23:53 pm
Trump: 'I'm the king of debt'

Donald Trump, the presumptive Republican nominee for president and self-described “king of debt,” offered a glimpse into his deal-making playbook Wednesday morning as he defended himself from Hillary Clinton's attacks.
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
Story Continued Below

“How do you renegotiate the debt?” O’Donnell followed up.
“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”
...

In a different interview Wednesday morning on ABC's "Good Morning America," Trump defended his use of bankruptcy laws in business dealings. The GOP nominee, who has been through four corporate bankruptcies, said he has "used brilliantly the laws of this country" in the business world, but never in his personal life. He said his history of bankruptcies is not unique within the business community.
“I’m running a business, you’ve got to understand. I’m running a business," Trump said when asked if those bankruptcies had hurt average Americans. "I’m running a business for myself, for my company, for my employees and for my family.”

Read more:  http://www.politico.com/story/2016/06/trump-king-of-debt-224642#ixzz4CJUgrixc

And yet he polls better than Hillary when it comes to the economy. Not that he will be good for the economy. He won't be. He'll just be better than Hillary. A race to the bottom

I love the 2016 election
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Offline NavyCanDo

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Re: Trump: 'I'm the king of debt'
« Reply #10 on: June 22, 2016, 03:28:28 pm »
My wife would have argued that I was the king of debt, but I will gladly hand over the title to Trump.
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Offline Cowboyway

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Re: Trump: 'I'm the king of debt'
« Reply #11 on: June 22, 2016, 03:42:23 pm »
Quote from: thatcher on June 22, 2016, 01:23:53 pm

“You go back and you say, hey guess what, the economy crashed,” Trump replied. “I’m going to give you back half.”[/b]


If Trump is elected president I'm going to try that with my taxes: "Look Donnie, the economy sucks so I'm not going to pay my taxes this year.  We good, bro?"---Cowboyway
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geronl

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Re: Trump: 'I'm the king of debt'
« Reply #12 on: June 22, 2016, 04:08:58 pm »
Quote from: LottieDah on June 22, 2016, 02:58:12 pm
Someone please remind me -- is debt a good thing?

It can be, for companies and even for people in the short term. But when a country is $20 trillion in the hole, it's a complete disaster.
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Offline thatcher

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Re: Trump: 'I'm the king of debt'
« Reply #13 on: June 22, 2016, 04:22:43 pm »
Quote from: geronl on June 22, 2016, 04:08:58 pm
It can be, for companies and even for people in the short term. But when a country is $20 trillion in the hole, it's a complete disaster.

And, since he's referring to US treasuries -- one of the most -- if not the most -- safe investments in the world, would be catastrophic for world markets.
Start investing in wheelbarrows.
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Offline sitetest

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Re: Trump: 'I'm the king of debt'
« Reply #14 on: June 22, 2016, 04:42:04 pm »
Quote from: thatcher on June 22, 2016, 04:22:43 pm
And, since he's referring to US treasuries -- one of the most -- if not the most -- safe investments in the world, would be catastrophic for world markets.
Start investing in wheelbarrows.

It would lead to the destruction of the world economy.  Back to barter.
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Offline sitetest

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Re: Trump: 'I'm the king of debt'
« Reply #15 on: June 22, 2016, 04:45:39 pm »
This issue alone turned me irrevocably against stumpy.  The yawning chasm of ignorance is so wide, one cannot see across it.  It leaves me speechless in the face of utterly astonishing stupidity.
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