My wife and I were watching an old TV show last night. In one exchange was a one-liner that could have come from one of tonight’s late night comedy/political comment shows.
The show was Northern Exposure. It aired on CBS from 1990-95. This happened to be in Episode 1 of Season 3. It first aired on September 23, 1991. That’s over 28 years ago. Millions of Americans have been born and grow up to become voters since then, and probably have never seen this program.
Maurice Minnifield was character who was the local booster/ land baron/millionaire in Ciceley. Alaska, where the show is placed. He has met and fallen in love with an equally hefty, muscular state patrol office, Sergeant Barbara Semanski. He returns home from shopping one day to find her leaving his fancy log mansion in a huff. She has heard a voice mail message from Minnfield’s tax accountant, elated over a tax loophole. Here’s the brief bit.
Maurice: “Loophole’s an American tradition.”
Barbara: “Not in my book.”
Maurice: “Besides, it’s not the law, it’s the tax code. I’ll bet Donald Trump doesn’t pay a dime.”
THERE YOU HAVE IT–28 YEARS AGO TRUMP’S TAX RECORDS WERE ALREADY A COMEDY ONE-LINER. And I’ll bet Maurice was right.
After all these years, all the lies, the joke is still on us.
THE ATLANTIC CITY BANKRUPTCIES
Trump has long played on the limitations of other people who follow rules, worry about consequences, consider responsibility.
Click here for the pathetic story of how New Jersey regulators let him continue to run casinos there even when it was clear he had no business plan and was losing money daily. The regulators were worried because they could not see how the Trump casinos could survive, but, alas, they also judged him too big to fail so he kept his licenses. Here is a section from this account’
“Other people’s money. Because in 1995 and ’96, Trump took his casinos public—selling stock in himself. ‘Shareholders and bondholders have to be total fools to ever think that Donald Trump will put their interests ahead of his own,’ one financial columnist wrote. Analysts issued warnings: ‘We are not entirely confident that Mr. Trump will respect the interests and preserve the capital of equity investors in his properties. Even the prospectus made it plain. While it touted ‘The Trump Name’ and its ‘widespread recognition,’ it also sounded guarded notes: ‘There can be no assurance that Trump will be successful in repaying or rescheduling his indebtedness or that his assets will appreciate sufficiently to provide a source of repayment for such indebtedness.’ It mattered little. ‘Defying reason,’ as Forbes put it, people invested in Trump.”
The piece ends with this bit of warning for any business partners, henchmen, Russian oligarchs, Republican Senators, wives and ex-wives that are swirling in the current Trump maelstrom:
“Anyone who thinks that Donald Trump is important to their long-term viability is either not very bright or kidding themselves,” O’Brien said. “He never shows any gratitude for the people who cut him slack. He just blames things on them.”
“The lesson, then, from 1991?
“That if they tether their future to Donald Trump in the belief that without him they won’t have a bright or successful future,” he said, “they might as well just step right off the cliff with him.”
Let’s recall those hundreds of millions of dollars in junk bonds he sold to build the Taj Mahal that devolved into a rat and roach infested hotel before bankruptcy. And the looses haved ben proclaimed the largest by any business any time in history!
ATLANTIC PITY
Trump’s foray into casinoland, Atlantic City ended badly as we know…multiple bankruptcies.
All the lenience of the Jersey regulators was for nought: The above article contains his pithy comment:
““He left the city desolate, with high unemployment, high vacancies. You look at Atlantic City and you see, in a very graphic way, the result of Donald Trump’s business model and his way of doing things.”
That quote came from Brian Rose, a photographer who went to Atlantic City to see what Trump left in his wake.
NOTHING HAS CHANGED
Of course, any body could easily see that Trump was a typical loud-mouthed real estate shyster. But you must admit using a charitable foundation for personal gain is a little less ordinary, right?
Here’s how the foundation closes dow , with a pay-out and a lot of twitter claims having nothing to do with reality.
On that score some vitriol courtesy of Esquire.
DINNER WITH THE MAN
Last, probably least, there have fifteen contests run for donors to the Trump Campaign Committee…winners to be chosen and given VIP travel and Dinner with The Donald. So far no evidence that any winners have been named, let alone and winners given travel and food.