General Primary Discussion Thread

Originally posted by Time-Immemorial
Rob missed the part where he claimed he had 4 bankrupcys and he now is ignoring he only had one and it was during the Great Recession.

Bankruptcy 1: The Trump Taj Mahal, 1991

The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Bankruptcy 2: Trump Plaza Hotel, 1992

Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel's CEO, but it was merely a gesture -- he didn't earn a salary and had no say in the hotel's day-to-day operations, according to the New York Times.

Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the company's largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

Bankruptcy 4: Trump Entertainment Resorts, 2009

Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News. After debating with the company's board of directors, Trump resigned as the company's chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trump's name in licensing.

What is your point? I take it you dont have one and just screaming bankruptcy for what purpose other then to run smear campaigns. After all you previously said a business man cannot run the economy. You still wrong as usual.

Originally posted by It's xyz!
starting the economy...revitalising the economy. Is she saying the us economy isn't going anywhere after 8 years of Obama? I'm no expert on the matter, but how is Obama doing with the economy?

The private sector has added jobs for 73 consecutive months, the longest period of sustained job growth on record. Unemployment, which peaked at 10 percent the year Obama took office, the highest it had been since 1983, under Ronald Reagan, is now 5 percent, lower than when Reagan left office. The budget deficit has fallen by roughly $1 trillion during his two terms. And overall U.S. economic growth has significantly outpaced that of every other advanced nation.

Originally posted by It's xyz!
What are your measures of success with regard to Bill's first two terms?

A balanced budget and a $5.6 trillion surplus.

Originally posted by Surtur
By this logic Bill Clinton should of been able to run for an infinite amount of terms as president as long as he keeps that economy booming.

How do you figure?

Originally posted by Surtur
Plus why not just make Bill president then? I'm serious. If people are going to be saying "well she should rely on him because he did all this good shit as president" then lets just cut out the middle man, or middle woman in this case. Why the f*ck is Hilary even needed then? She's not well liked, people do not trust her, etc.

It's almost like she'll have two vice presidents if she wins.

Because being an economic adviser is not the same as being president.

Originally posted by Time-Immemorial
Is Bill an elected official to run the economy?

No. He is the president that caused 9/11, caused the sub prime collapse by letting Barney Frank issue all those high risk loans, and he signed NAFTA.

Originally posted by Time-Immemorial
You do know that these lies like you and the Clinton perpetuate, people have woken up to them right? You can keep telling everyone here and in real life that Clinton are angels and saviors, but we all know the truth, Hilary destroyed 4 middle east countries with her foreign policy, she lost 4 Americans and was asleep, she lied to the family, she had an un secured server that a Romanian hacked and is now in FBI custody.

I love unhinged conspiracy theories.

Originally posted by Time-Immemorial
Every single thing you have been defending has been exposed as a lie, and you are just pushing and perpetuating lies because you are a liar and will go to no end to defend your stupid democratic party.

Hence Trump and Sanders Destroying the American Political leftist system.

I am not a Democrat, but thanks for playing.

You are a liberal progressive, sorry for improperly labeling you.

Originally posted by Robtard
Bankruptcy 1: The Trump Taj Mahal, 1991

The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Bankruptcy 2: Trump Plaza Hotel, 1992

Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel's CEO, but it was merely a gesture -- he didn't earn a salary and had no say in the hotel's day-to-day operations, according to the New York Times.

Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the company's largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

Bankruptcy 4: Trump Entertainment Resorts, 2009

Trump Entertainment Resorts -- formerly Trump Hotels and Casinos Resorts -- was hit hard by the 2008 economic recession and missed a $53.1 million bond interest payment in December 2008, according to ABC News. After debating with the company's board of directors, Trump resigned as the company's chairman and had his corporate stake in the company reduced to 10 percent. The company continued to use Trump's name in licensing.

The first two were simply Trump selling shares. Neither were bankruptcy, they were pre-pack deals. A pre-pack is where you negotiate restructure, sell part of your share and then rebuy at a later date. Trump did exactly this and made money from it!

Douchebag level intensifies!

The 2004 bankruptcy was in fact, a bankruptcy. Trump seems to have recovered well.

2009 was directly resulted from the recession caused by the man you want in charge of the economy as First Lady!

Originally posted by Adam_PoE
The private sector has added jobs for 73 consecutive months, the longest period of sustained job growth on record. Unemployment, which peaked at 10 percent the year Obama took office, the highest it had been since 1983, under Ronald Reagan, is now 5 percent, lower than when Reagan left office. The budget deficit has fallen by roughly $1 trillion during his two terms. And overall U.S. economic growth has significantly outpaced that of every other advanced nation.

A balanced budget and a $5.6 trillion surplus.

How do you figure?

Because being an economic adviser is not the same as being president.

I love unhinged conspiracy theories.

I am not a Democrat, but thanks for playing.

A surplus is not a balanced budget. WTF? Besides, this was congress, not Bill.

Originally posted by It's xyz!
weve read your biased article. Wikipedia goes into more depth.

The first two were simply Trump selling shares. Neither were bankruptcy, they were pre-pack deals. A pre-pack is where you negotiate restructure, sell part of your share and then rebuy at a later date. Trump did exactly this and made money from it!

Douchebag level intensifies!

Wrong.

From Wikipedia: "Trump has never filed for personal bankruptcy, but hotel and casino businesses of his have been declared bankrupt four times between 1991 and 2009" Wiki Link

HYG Again: http://www.politifact.com/truth-o-meter/statements/2015/sep/21/carly-fiorina/trumps-four-bankruptcies/

Originally posted by Robtard
Wrong.

From Wikipedia: "Trump has never filed for personal bankruptcy, but hotel and casino businesses of his have been declared bankrupt four times between 1991 and 2009" Wiki Link

HYG Again: http://www.politifact.com/truth-o-meter/statements/2015/sep/21/carly-fiorina/trumps-four-bankruptcies/

Also, it's source is the exact same ****ing article you originally posted! 😆 Thanks for revealing your expert research skills, tard.

https://en.m.wikipedia.org/wiki/Trump_Taj_Mahal

Clearly states pre-pack in 91.

https://en.m.wikipedia.org/wiki/Trump_Plaza_Hotel_and_Casino

Another planned pre-pack.

Wikipedia states he has never personally gone bankrupt and you are posting examples of him making money!

Fail harder.

IOW: You were wrong and are spinning hard now.

Pre-packaged insolvency (a "pre-pack"😉 is a kind of bankruptcy procedure, where a restructure plan is agreed in advance of a company declaring its insolvency. In the United States pre-packs are often used in a Chapter 11 filing. In the United Kingdom, pre-packs have become popular since the Enterprise Act 2002, which has made administration the dominant insolvency procedure. Such arrangements are also available in Canada under the Companies' Creditors Arrangements Act.

It's still a bankruptcy

Rob gets destroyed and then back pedals and his response is "IOW: You were wrong."

So Rob still has not said why he is arguing this bankruptcy thing so much.

I guess he hates Thomas Edison for failing 1000 times before getting it right.

So he must really hater Trump who has a higher success rate then Edison by about 900%.

NAACP is trying to sue Michigan over the water crisis thing. What does this have to do with race?

Originally posted by Time-Immemorial
Rob gets destroyed and then back pedals and his response is "IOW: You were wrong."

You still never made your point nor specified what it was, you are doing what you always do, posting links without even making a stance or argument. You get mad when you get challenged and then you will spend all day trying to dig your way out of a mess you started. Its some form of e machoism which I dont get because you would rather see a former rapist man as the first lady and woman who isn't qualified to be president. It makes no sense why you try to act macho and act like you have some big thing going on here.

Maybe read back instead of just being an aggressive guy with skin thinner than Trump's regarding Trump?

Swing and miss, just another liberal media talking point, how about you come up with something original that has not been repeated 1000 times on the major networks. Do you have any original thoughts of your own without posting links and repeating things other people say?

Originally posted by Robtard
IOW: You were wrong and are spinning hard now.

Pre-packaged insolvency (a "pre-pack"😉 is a kind of bankruptcy procedure, where a restructure plan is agreed in advance of a company declaring its insolvency. In the United States pre-packs are often used in a Chapter 11 filing. In the United Kingdom, pre-packs have become popular since the Enterprise Act 2002, which has made administration the dominant insolvency procedure. Such arrangements are also available in Canada under the Companies' Creditors Arrangements Act.

It's still a bankruptcy

Doesn't say it's a bankruptcy. Fail harder.

We're talking about how Trump is stupid. Well gets back to that when Clinton is mentioned.

Originally posted by Surtur
NAACP is trying to sue Michigan over the water crisis thing. What does this have to do with race?

Originally posted by It's xyz!
a kind of bankruptcy procedure where a restructure plan is agreed.

Doesn't say it's a bankruptcy. Fail harder.

It literally says it's a type of bankruptcy, Chapter 11 reorganizations. Those are bankruptcies.

edit: Since you prefer wiki, hyg:

Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities.[1] In contrast, Chapter 7 governs the process of a liquidation bankruptcy (although liquidation can go under this chapter), while Chapter 13 provides a reorganization process for the majority of private individuals.

When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11.

Now cry harder.

Still have not made a point, just arguing to argue.

Originally posted by Robtard
It literally says it's a type of bankruptcy, Chapter 11 reorganizations. Those are bankruptcies.

edit: Since you prefer wiki, hyg:

Chapter 11 is a chapter of Title 11 of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities.[1] In contrast, Chapter 7 governs the process of a liquidation bankruptcy (although liquidation can go under this chapter), while Chapter 13 provides a reorganization process for the majority of private individuals.

When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11.

Now cry harder.

It literally says it is a bankruptcy procedure.

It goes through the process under bankruptcy laws and your quote states it's a reorganisation.. It is not a bankruptcy. Trump made money from doing this!

How are you this retarded?

Also, stop using Wikipedia and bullshit articles wiki cites to form your arguments for you.

If you could actually comprehend what they're saying you'd understand why you look like a fool.

A 'Chapter 11 bankruptcy' is literally pulled form the US Bankruptcy Code. ie the eleventh chapter. (figured that would have been obvious to you)

It's like you're impervious to reason and understanding.

Trump making money due to a Chap11 while others being left to foot the bill and/or not get paid is only good for Trump, not the business.