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POTUS 45.65: I'm Just Here For The Lincoln Project Ads

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NY Times Keeps Letting Us Know More About Trumps Taxes

He and his family hoped the Trump International Hotel & Tower would cement their company’s reputation as one of the world’s marquee developers of luxury real estate.

Instead, the skyscraper became another disappointment in a portfolio filled with them. Construction lagged. Condos proved hard to sell. Retail space sat vacant.

Yet for Mr. Trump and his company, the Chicago experience also turned out to be something else: the latest example of his ability to strong-arm major financial institutions and exploit the tax code to cushion the blow of his repeated business failures.

The president’s federal income tax records, obtained by The New York Times, show for the first time that, since 2010, his lenders have forgiven about $287 million in debt that he failed to repay. The vast majority was related to the Chicago project.
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Big banks and hedge funds gave him years of extra time to repay his debts. Even after Mr. Trump sued his largest lender, accusing it of preying on him, the bank agreed to lend him another $99 million — more than twice as much as was previously known — so that he could pay back what he still owed the bank on the defaulted Chicago loan, records show.

Ultimately, Mr. Trump’s lenders forgave much of what he owed.

Those forgiven debts are now part of a broader investigation of Mr. Trump’s business by the New York attorney general. They normally would have generated a big tax bill, since the Internal Revenue Service treats canceled debts as income. Yet as has often happened in his long career, Mr. Trump appears to have paid almost no federal income tax on that money, in part because of large losses in his other businesses, The Times’s analysis of his tax records found.
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edit: Jesus the amount of people who he screwed over that ended up as part of his campaign and WH is crazy. And gee it must be a coincidence that Anthony Kennedy's kid was part of it as well...
 
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https://mobile.twitter.com/thehill/status/1321333646192709634

The White House science office listed "ending the COVID-19 pandemic" as the top accomplishment of President Trump's first term, even as the U.S. has set records for new daily infections and numerous hospitals across the country are stretched to their breaking points.

According to a press release intending to highlight the administration's science accomplishments, the Trump administration said it "has taken decisive actions to engage scientists and health professionals in academia, industry, and government to understand, treat, and defeat the disease."

The rosy outlook flies in the face of reality, and underscores the efforts of Trump to continuously try to downplay the severity of the pandemic that continues to rage nearly uncontrolled across the country.
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Is this like how he supposedly prevented a war with North Korea as he tried to convince everyone in the debate?
 
Not content with killing 230,000 Americans with the Covid, Donnie decides to add hypothermia to his arsenal.
 
I posted the Times article about that last night. Look at all the people who were involved in that deal who are part of the Trump Administration in some capacity. Look at Anthony Kennedy's son being part of it...the whole thing was grift and it still is to this day.
 
dxmnkd316 said:
No intelligent company is going to touch that. The cost to mobilize with a very real threat of halting everything in January would be killer. I know three months is a long time, but in an Alaskan winter? Jim can provide better insight, I just don’t see it.
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It’s Southeast Alaska, which has weather closer to Seattle. Plus there’s already a sizable timber industry there anyway.
 
Handyman said:
I posted the Times article about that last night. Look at all the people who were involved in that deal who are part of the Trump Administration in some capacity. Look at Anthony Kennedy's son being part of it...the whole thing was grift and it still is to this day.
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This is all just more proof of the willful blindness of the trump supporter. The grifting, corruption and outright criminal acts of this president and basically most of his administration are happening at an astonishing level. In fact it seems to be on the uptick as his time left in office dwindles. Yet trump voters WILL. NOT. ADMIT. HE'S. A. CROOK. Plenty of presidents of both parties, both long ago and in recent times, have used the office for some less than savory purposes. trump is hardly the first. But I can't believe he is not the worst by a country mile. I just can't. I suppose generations from now when the long view histories can be written we will know, but if trump is not the most corrupt ever to sit in the White House I would be shocked.
 
ScoobyDoo said:
https://www.forbes.com/sites/nichola.../#6f1e7e4a7ac4

Boy. I sure would like to have 287 million worth of loans forgiven.
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That's been Dump's bit all his life, right? He racks up a billion in debt and then declares bankruptcy. His creditors settle for pennies on the dollar to get anything back. He runs out of creditors in the US so he goes to Germany. And then to Russia.

Dump (and the GOP) live by the conservative Golden Rule: never steal anything small.
 
Kepler said:
That's been Dump's bit all his life, right? He racks up a billion in debt and then declares bankruptcy. His creditors settle for pennies on the dollar to get anything back. He runs out of creditors in the US so he goes to Germany. And then to Russia.

Dump (and the GOP) live by the conservative Golden Rule: never steal anything small.
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The familiar saying is "it takes money to make money" but the more accurate one should be "it takes the appearance of having lots of money to steal even more money." trump was always thought of as rich, so getting a loan was always possible, even if the loan is basically helping Russian mobsters launder their money.

I don't know what a more fitting end to trump would be, dying of covid, or dying of some Russian disease, like accidentally falling out of a window, or grabbing a doorknob.
 
SJHovey said:
You owe the bank $280,000, the bank owns you. You owe the bank $280 million, you own the bank.
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Exactly. Though in this case Dump owes the Russian mafia $400 million and, no, he doesn't own them. Putin owns him.

So the Best Deal Maker did a little deal.

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