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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Opens Up About Humble Beginnings: Dad Gave Me a "Small" $1 Million Loan
http://readersupportednews.org/opinion2/277-75/33160-trump-opens-up-about-humble-beginnings-dad-gave-me-a-qsmallq-1-million-loanTrump Opens Up About Humble Beginnings: Dad Gave Me a "Small" $1 Million Loanecretary of State Hillary Clinton fancied the violent 2011 regime change in Libya such a triumph that her aides discussed labeling it the start of a Clinton Doctrine, according to released emails that urged her to claim credit when longtime Libyan leader Muammar Gaddafi was deposed. And Clinton did celebrate when Gaddafi was captured and murdered.
How did Donald Trump get his start? He did it the same way self-made American men have been doing it since time immemorial: hard work, bootstraps, determination, elbow grease, perseverance, and a tiny little pile of money from his daddy.
At a New Hampshire town hall televised on the Today show this morning, one attendee asked the famously hardscrabble Trump if hed ever been told no in his life. I mean, my whole life, really, has been a no, and I fought through it, the Republican presidential frontrunner replied. He continued:
It has not been easy for me. It has not been easy for me. I started off in Brooklyn, my father gave me a small loan of a million dollars, I came into Manhattan. And I had to pay him back, I had to pay him back with interest. I came into Manhattan, I started buying properties, I did great, and then I built the Grand Hyatt, and I got involved with the conventionI did a good job. But I was always told that that would never work.
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Trump Opens Up About Humble Beginnings: Dad Gave Me a "Small" $1 Million Loan (Original Post)
eridani
Oct 2015
OP
Trump always had his daddy to bail him out in the case his gambles didn't do good.
B Calm
Oct 2015
#5
No cars. No freezers in the basement filled with stuff obtained on sale, etc n/t
eridani
Oct 2015
#12
B Calm
(28,762 posts)1. I heard on the news that 1 million in today's dollars is 5.8 million.
JHB
(37,157 posts)3. Yes, that's where the inflation adjustment puts it...
Figuring he got the loan in the early 70's, it would be equivalent to 5.5-6 million today, according to CPI calculations.
beam me up scottie
(57,349 posts)2. "It has not been easy for me."
Homeless Youth Statistics & Facts
Homeless Youth & Teen Statistics & Facts
Approximately 1.7 million young people call the streets home every year.
Nearly 20,000 homeless people 24 years old and younger live in New York City.
Children under 18 accounted for 39% of the homeless population.
Of that number, approximately 42% were younger than age 5.
Approximately 40% of homeless youth identify as LGBT.
Every year, approximately 5,000 homeless young people will die because of assault, illness, or suicide while trying to survive.
What are the cause of youth and teen homelessness?
Young people are at far greater risk of becoming homeless if:
Their parents engage in substance abuse or have mental health problems.
They suffered or witnessed child abuse or neglect in the home.
The family has been homeless previously.
They identify themselves as lesbian, gay, bisexual, or transgender.
They have been in foster care.
Children who have been in foster care are at greater risk of becoming homeless at an earlier age and to remain homeless for a longer period of time than other youth.
How is child abuse related to youth and teen homelessness?
46% of homeless youth escaped a home where they suffered physical abuse.
17% left because of sexual abuse.
What happens to homeless youth and homeless teens on the streets?
Young people who are too old for foster care, yet too young to apply for social services are often forced into homelessness. Homeless youths can face devastating short and long-term consequences.
Nearly 43% of homeless young men and 39% of homeless young women say they were assaulted with a weapon while living on the streets.
Homeless youth suffer significant mental health problems including: depression, substance abuse, suicidal thoughts, anxiety, and post-traumatic stress disorders.
Homeless youth are approximately 75% more likely to self-medicate and abuse substances as a means to deal with trauma and abuse.
Children living on the streets are more likely to engage in survival sex trading sex to gain food, clothing, drugs, money, or just for a safe place to sleep at night.
According to a San Francisco government study, 17% of homeless youth are HIV-positive.
Homeless youth who identify as lesbian, gay, bisexual, or transgendered are more likely commit suicide than other youth.
http://www.safehorizon.org/page/homeless-youth-statistics--facts-69.html
Homeless Youth & Teen Statistics & Facts
Approximately 1.7 million young people call the streets home every year.
Nearly 20,000 homeless people 24 years old and younger live in New York City.
Children under 18 accounted for 39% of the homeless population.
Of that number, approximately 42% were younger than age 5.
Approximately 40% of homeless youth identify as LGBT.
Every year, approximately 5,000 homeless young people will die because of assault, illness, or suicide while trying to survive.
What are the cause of youth and teen homelessness?
Young people are at far greater risk of becoming homeless if:
Their parents engage in substance abuse or have mental health problems.
They suffered or witnessed child abuse or neglect in the home.
The family has been homeless previously.
They identify themselves as lesbian, gay, bisexual, or transgender.
They have been in foster care.
Children who have been in foster care are at greater risk of becoming homeless at an earlier age and to remain homeless for a longer period of time than other youth.
How is child abuse related to youth and teen homelessness?
46% of homeless youth escaped a home where they suffered physical abuse.
17% left because of sexual abuse.
What happens to homeless youth and homeless teens on the streets?
Young people who are too old for foster care, yet too young to apply for social services are often forced into homelessness. Homeless youths can face devastating short and long-term consequences.
Nearly 43% of homeless young men and 39% of homeless young women say they were assaulted with a weapon while living on the streets.
Homeless youth suffer significant mental health problems including: depression, substance abuse, suicidal thoughts, anxiety, and post-traumatic stress disorders.
Homeless youth are approximately 75% more likely to self-medicate and abuse substances as a means to deal with trauma and abuse.
Children living on the streets are more likely to engage in survival sex trading sex to gain food, clothing, drugs, money, or just for a safe place to sleep at night.
According to a San Francisco government study, 17% of homeless youth are HIV-positive.
Homeless youth who identify as lesbian, gay, bisexual, or transgendered are more likely commit suicide than other youth.
http://www.safehorizon.org/page/homeless-youth-statistics--facts-69.html
jmowreader
(50,528 posts)4. The thing is...
Probably 90 percent of everyone here, given some sound advice on business and $1 million in seed money at the age of 21, would be doing as well as Trump. This is because most of us wouldn't take the gambles Trump has.
B Calm
(28,762 posts)5. Trump always had his daddy to bail him out in the case his gambles didn't do good.
madokie
(51,076 posts)6. He really is
palin on steroids. mishmouthed mo'fo
InAbLuEsTaTe
(24,122 posts)7. Hafta laugh.
hobbit709
(41,694 posts)8. so now he's channeling the Romneys?
What a pompous arrogant ass.
mockmonkey
(2,805 posts)9. Eddie Albert says it best in "Head Office"
BuelahWitch
(9,083 posts)10. I still want to see a season of Survivor
where they put a bunch of rich fucks in the inner city and make them live on minimum wage, no access to the money of family or friends.
eridani
(51,907 posts)12. No cars. No freezers in the basement filled with stuff obtained on sale, etc n/t
Codeine
(25,586 posts)11. Guillotines.
Motherfucking guillotines.