The world has learned about the @RealDonaldTrump over the last three-plus years: things I knew from researching the world’s biggest con man for more than five years. He is not very intelligent, is a white supremacist, a sexual predator, a homophobe, an Islamophobe and a failure at everything he attempted in his pitiful life.
We all know that he is not a billionaire; his businesses and real estate investments are heavily in debt. This was Trump’s true reason for seeking the presidency. He has been using his position to increase his personal wealth, while bankrupting our nation. In 2019 one-trillion dollars was added to the national debt, and experts are forecasting this huge government waste to continue at least through 2025.
His most recent fraudulent transaction involves a tactic he has used numerous times. Here’s how it works. When he files a request for a bank loan, he inflates the actual value of his properties, giving him access to larger amounts of money than his businesses warrant. Trump has used this con for decades.
In 2010, Trump applied for a loan, based primarily on the value of Trump Tower in New York. The original profit margin for the year 2010 was estimated at $13.3 million. When he filed to refinance Trump Tower, he reported its profits as $16.1 million. He did the same thing the following year. These false claims allowed him to borrow an additional $73 million.
This is another of the many reasons Trump refuses to reveal his tax returns to the American people. If your illegitimate president was not a ‘crook,’ he would have no reason to hide his financial records.
Public records do reveal that in 1991, a member of the Saudi Royal Family bailed out Trump’s floundering business interests by purchasing a yacht from the failing businessman for $29 million. A few years later, the same prince, Alwaleed bin Talal, bailed him out again with a 51 percent majority purchase of the New York Plaza hotel. In 2016 there is a record of an exchange of tweets when the same prince bailed him out a third time.
Trump continues to lie, saying that he “has no financial connections to Saudi Arabia.”
Again, in 2005, Trump’s “empire” was crumbling. After taking the “Miss Universe Pageant” to Moscow he returned to New York and experienced a huge turnaround in his real estate business. Would his tax returns reveal that oligarchs were laundering money through the purchase of Trump’s properties?
Trump’s life is a tale of lies, failures, and illusion. George W. Bush shared a single fact with Trump. Prior to his gift from the Supreme Court in 2000, Bush’s investments were all failures, without a single recorded success. My question is why does the voting public choose to be uninformed? Republicans fail our economy every time they are allowed to live in the White House.
If we return to the presidency of Ronald Reagan, he left office in 1989 with an escalating unemployment rate, and our nation three trillion dollars in debt. This number rose to four trillion in 1990 under the presidency of Bush 41. When Bush 43 left office in 2009, America was engaged in two unwinnable wars, homes were foreclosed upon in record numbers, and our nation was nearing a depression.
The only fact which matters: when Democrats control our nation’s government the working class experiences a far superior quality of life.
Op-ed by James Turnage
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