Someone needs to tweet it if it hasn't been already. If I knew how to do it correctly - so it would link to the source - I'd do it. But it's too important to fool around. It needs to be left to the pros.

Where's SHRED? He's got the twitter world figured out.

But I never use my Twitter account. Not sure what success to expect.

Link to tweet

I'm torn between the benefits of Twitter and the dangers when abused. For things like this I love it!

Could anyone stoop lower than this douchebag, every day he gets lower and lower.

I bet he is watching people die and liking it. He probably started the whole NFL rant to distract from their cries for help.

And it worked.
Even on DU.
Look how few posts there were about PR as compared to the kneeling.
I'm guilty as well.

http://www.politifact.com/florida/statements/2017/may/04/florida-democratic-party/did-bankrupt-trump-golf-course-puerto-rico-leave-t/

They should be forced to pay their debts.

Bankruptcy should be for debts you can not afford to pay. Not debts you don't want to pay.

Simple as that.

during the election, even pre-Super Tuesday.

The weight of their failure will / has caused so much damage.

The owners paid for the name.

http://fortune.com/2015/07/14/trump-puerto-rico-golf-bankruptcy/

But he always says he does. He doesn't own jack shit. He puts everything in others names, and he simply rents out his own name as a brand, just like the guy who runs the Dairy Queen down the street doesn't actually own Dairy Queen.

My husband always likes to point this out to people. He puts his name on things other people own. Don't stop saying this.

tRump would be dirt poor today.

Please do your research before posting half-facts.

You had a window open, your fingers were moving across the keyboard. Expand.

Did bankrupt Trump golf course in Puerto Rico leave taxpayers on the hook?
By Amy Sherman on Thursday, May 4th, 2017 at 4:09 p.m.

http://www.politifact.com/florida/statements/2017/may/04/florida-democratic-party/did-bankrupt-trump-golf-course-puerto-rico-leave-t/

We sent a summary of the golf course’s financial problems to a few experts and asked if Trump should be blamed for the bankruptcy. (These experts on bankruptcy or corporate law received our summary with links to news reports but didn’t pore over financial records for days, as McCann’s firm did.)

John A. E. Pottow, a University of Michigan law professor and bankruptcy expert, said Trump bears some blame for the failure of the golf course because he failed to turn it around. But he said it is debatable if management is to blame for bankruptcy because the context of the recession is a factor.

"I don't know if I like to ‘blame’ anyone for bankruptcy, but to the extent you want to blame people, sure, blame the president (or his company)," Pottow said.

Miami attorney Milton Vescovacci, of Gray Robinson law firm, says the only way to blame Trump for the bankruptcy would be if his involvement was so costly to the operation that it caused the business to fail, and that didn’t appear to be the case here. (Vescovacci is an expert on banking and finance and is currently working with an organization to lobby the U.S. government to allow Puerto Rico to restructure its debt)

The golf course bankruptcy is different from bankruptcies of multiple Trump casinos, McCann said.

He failed to live up to his contractual obligation, so he turned and ran and left the original bond holders on the hook.

""He failed to live up to his contractual obligation, so he turned and ran and left the original bond holders on the hook."" This is not what you initially posted though..


This::""""" Unfortunately, Trump borrowed $26.4 million in municipal bonds for new construction. He defaulted on a payment of $119,814 to the bondholders in August 2014, then declared bankruptcy on July 13, 2015, due to “financial difficulties.” """ """

Is not accurate according to Politifac and Buzzfeed and a cast of bankruptcy lawyers.

If the text is supposed to read "used a municipal bond offering" it would make more sense, but simply borrowing the bonds? What bond holder would loan out a tax free income stream?

The fact is, sleazy capitalist PIGS like Trump abuse the system in every way possible, for personal benefit, and regardless of any high-minded sense of social responsibility whatsoever. And the whole "America FIRST" thing is an extension of a "me first" philosophy rooted firmly in Ayn Rand. Screw everyone else.

So...spare me the details. He's an asshole who abuses the system and exploits people to the fullest extent possible.

THAT is "fact" enough for this resistor.

End. Rant.

Politifact concludes:

"The Democratic Party is correct that taxpayers are left with a nearly $33 million bill, but it exaggerates when it points the finger exclusively at Trump, omitting important details about the recession’s impact on the resort and its financial woes years before Trump’s involvement.

We rate this claim Half True."

Thanks, Atman.

Damn...I'm pissed off today!

Calling people like this asshole "grifters" is much, much too lenient. Moreover, it misses--by a mile--the seminal truth of the matter.

This nation's peculiar brand of capitalism encourages, creates, and sustains monsters like Trump and other such unscrupulous assholes. They use the system and exploit it at every possible chance for personal gain. Conscience is irrelevant, nonexistent.
Warped notions of exceptionalism wrapped in a heritage of class privilege and a faux nationalism that appeals to the weakest feeds narcissism at the expense of any sense of public good or social responsibility. Girded by a persistent strand of self-righteous social Darwinism, this toxic strain of individualism (freedumb) has served as a foundation for the dominant strain of conservative ideology for more than a century.

American capitalism has birthed monstrous people. Indeed, America's chickens are coming home to roost.

I have no idea why I bother preaching to the choir, as my indignation might be better spent. Let's fight these fucking bastards to the hilt.

I'm the same way, slumcamper, I have to vent from time to time about this very thing. Keep on preaching. We need these reminders to encourage folks to read and understand more about the monster.

Ultimately, the everyday citizens pay for these failures via inflation, taxes and debt costs. They pick our pockets a penny at a time. Hidden in plain sight.

Drumpf is a very complicated character.

Did bankrupt Trump golf course in Puerto Rico leave taxpayers on the hook?
By Amy Sherman on Thursday, May 4th, 2017 at 4:09 p.m.

http://www.politifact.com/florida/statements/2017/may/04/florida-democratic-party/did-bankrupt-trump-golf-course-puerto-rico-leave-t/

We sent a summary of the golf course’s financial problems to a few experts and asked if Trump should be blamed for the bankruptcy. (These experts on bankruptcy or corporate law received our summary with links to news reports but didn’t pore over financial records for days, as McCann’s firm did.)

John A. E. Pottow, a University of Michigan law professor and bankruptcy expert, said Trump bears some blame for the failure of the golf course because he failed to turn it around. But he said it is debatable if management is to blame for bankruptcy because the context of the recession is a factor.

"I don't know if I like to ‘blame’ anyone for bankruptcy, but to the extent you want to blame people, sure, blame the president (or his company)," Pottow said.

Miami attorney Milton Vescovacci, of Gray Robinson law firm, says the only way to blame Trump for the bankruptcy would be if his involvement was so costly to the operation that it caused the business to fail, and that didn’t appear to be the case here. (Vescovacci is an expert on banking and finance and is currently working with an organization to lobby the U.S. government to allow Puerto Rico to restructure its debt)

The golf course bankruptcy is different from bankruptcies of multiple Trump casinos, McCann said.

I HATE THE DOTARD - but LET'S BE ACCURATE HERE.

""" Unfortunately, Trump borrowed $26.4 million in municipal bonds for new construction. He defaulted on a payment of $119,814 to the bondholders in August 2014, then declared bankruptcy on July 13, 2015, due to “financial difficulties.” """ ARE YOU POSITIVE ??
http://www.politifact.com/florida/statements/2017/may/04/florida-democratic-party/did-bankrupt-trump-golf-course-puerto-rico-leave-t/


The resort was built with support from the Puerto Rican government through the Puerto Rico Tourism Development Fund.

The fund issued about $25 million in bonds in 2000 and 2004, according to a 2016 BuzzFeed article that included documents about the golf resort’s bankruptcy.

The tourism development fund is paid for by tax dollars. If a private entity defaults on its obligations -- as the golf resort did in this case -- the fund has to make good on the principal and interest.

The resort suffered amid the recession that hit Puerto Rico a few years before Trump got involved.

It's his MO. Maybe they wouldn't have had to go belly up if Trump hadn't been sucking the profits off. That's what he does. HE gets paid first. If it doesn't work out, he say he's "bankrupt" because he is still owed money, then he gets to walk away with his profits, leaving the actual owners high and dry. He's done this repeatedly. "Other people's money." It's what he does. He should be selling those books on late-night tv.

The republican "family values" role model, Comrade Casino, the GOP's ignoble Draft-Dodger-in-Chief, has a colossal crapload of karma with Puerto Rico. And the rest of the planet.

republicans will eventually learn: lying & cheating & hating catch up with you, sooner or later. No escape.

for having a bad infrastructure, in the middle of a humanitarian crisis. The evil of this man is unending.

cunning as he is, and they deserve to be duped.

A Trump-branded property he managed.

Link to tweet

Link to tweet

It was a link to another story on another site, and the link happened to be on Facebook. I supposed your tweets above should be similarly dismissed because they're just links on DU, right?

Anyway, the key word is "MANAGEMENT." He promised to turn the course around, that is what he was contracted to do. He still got his money. He got paid either way, and the place still went belly up. To his credit, he had a good contract which apparently did not stipulate any milestones or goals. Just put his name on it, pay him, then wait until he declares bankruptcy. That's what he's (in)famous for.

The golf course was already in dire straights and most of the money was borrowed before Trump got involved.

We can find better stories.

He's no different than any vulture capitalist, except for that he's not nearly as smart or clever. He's just evil. Hes sees a failing golf course, funded by government bonds, in dire straights, looking for a savior.

He swoops in, does his song n' dance charm offensive, negotiates a contract that only benefits HIM -- he gets paid lots, no matter what happens.

He promises he'll turn things around, knowing full well he could give a shit about the golf course, because all he has to do is collect his paycheck then file bankruptcy, like he's done over and over again. That's what Trump does.

Were the official in Puerto Rico purely stupid, or were they in a state of desperation and willing prey for a con man?

Either way, Trump sucks balls, and he contributed to Puerto Rico's problems.