Those Trump bankruptcies are starting to make sense
As a businessman, Donald Trump ran casino companies that spiraled into bankruptcy four different times. Yet he persuaded voters in 2016 that he’s a savvy businessman who would run the government with a new kind of efficiency.
He hasn’t. The carnival barker in Trump is omnipresent: Everything he touches is always going great, while his critics and opponents are indolent and stupid. But in terms of results, Trump is running the government like a misfit CEO who can’t explain why losses keep mounting and the stock keeps tanking. Under his watch, Uncle Sam is starting to look like General Electric.
Trump is now presiding over a needless government shutdown because Congressional Democrats refuse to appropriate funding for his beloved border wall. You can’t run any kind of business this way—by bringing the whole house down unless you get everything you want—but Trump seems to think voters want stubborn, absolutist leadership. They don’t, and Trump is excruciatingly slow to learn that nobody in Washington wins from a shutdown, except whoever gets the least blame.
As president, Trump has shown other signs that he’s poorly equipped to run a large organization:
He hires terrible people who don’t last. In less than two years, four Trump Cabinet secretaries have left because of ethical violations, and roughly 170 other senior officials have quit or been fired. The turnover rate in Trump’s White House is far higher than for any predecessor, and many key jobs remain unfilled. Trump’s former national security adviser, Michael Flynn, pleaded guilty to a felony and may be headed to prison. His former campaign manager, Paul Manafort, is assuredly headed to prison, as is his former corporate lawyer, Michael Cohen. This is an astonishingly bad record of personnel management.
https://finance.yahoo.com/news/those-trump-bankruptcies-are-starting-to-make-sense-174553802.html?ncid=facebook_yfsocialfa_wje3x23a50w&fbclid=IwAR1sjGlERCHh_FF5L_v4NGeI4S3dcUBb3NvimB75YTOdEM11RmpIXM-7Rz0
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