fr like how does someone bankrupt a casino?

It was never about the economy, many folks in this country just didn’t like the idea of certain other folks getting the same societal opportunities as them.

This country will implode on its own racism. Pretty simple.

Save the economy from what? Success? It was recovering already, it was trending up and the eggs were just a factor of an epidemic.

Up front, yes Trump is a hilariously bad businessman. Like laughably bad.

But plenty of casinos go bankrupt. Especially since they’re often casino *resorts.* The house edge guarantees that over the course of a large number of hands the house comes out ahead on the bets placed at a blackjack table. It doesn’t guarantee they come out ahead *enough* to even pay the dealer’s wages though, let alone the overhead expenses for the casino floor or to keep the lights on at the rest of the resort.

It’s a big building, and the casino floor is just part of it.

Casinos in both AC and LV have gone bankrupt over the years. Atlantic City in particular was struggling during the years Trump bought in, because competition from tribal casino resorts was coming online…some of y’all aren’t old enough to remember when the *only* gambling was LV or AC, and AC existed almost entirely because flying to LV was a pain. Mohegan Sun, Foxwoods, etc. brought a lot of new competition into the east coast gambling industry that AC as a whole wasn’t ready for.

(The bankruptcies at the Trump casinos were also, IIRC, largely structured and planned…basically legal “laundering” of money, but that’s another story entirely…mostly just always have to point out that casinos aren’t magically immune to downturns.)

Reminder that Trump’s casinos were making money. Occupancy was up, and the tables were raking in the cash like casinos do.

The reason they failed is that Don-Don kept siphoning off the revenue by shifting his personal debts to the business and taking millions in unwarranted salary. He willingly and knowingly turned a successful business into a failed money-laundering operation.

90% of them don’t know shit about how the economy works. They just have a lot of hate in their lives and needed something to push it onto.

I do know the excuse I heard from supporters when this was brought up in 2016 was that declaring bankruptcy is a good strategy because (insert bs reasons but mostly to avoid paying off debt)

Especially when he inherited a strong economy in his first term and tried to take credit for things it would’ve done had Obama still been in office. And then mishandled the pandemic and the economy tanked.

He put it all on red

Probably in a similar way one bankrupts ***Hooters***. Since I heard they’s goin’ bankrupt, I somehow don’t find *anything* surprising anymore.

Sorry America. From 🇨🇦.


Fires the military judges. Nothing to see here.

I imagine embezzling does the trick.

I messed up my finances ONCE…I handed the checkbook to my wife and haven’t looked back. People who are bad with money are bad with money and rarely learn.

Oh shit was it 6 times? I’ve been going around saying 4.

If the primary business of your casino is to launder the money of Russian oligarchs, rather than having the house always win, then it’s probably kinda easy to bankrupt it.

Well, the first casino bankruptcy is always the hardest. The next two were much easier.

okay but on a side note there should be a limit on how many times someone can file bankruptcy. Its no reason multiple times should not push you into fraud territory

It’s about hate. It’s always been about hate. It started with Obama and they’ve been seething about a successful black president.

If you are in support of trump, somewhere in your bones you’re a racist.

That’s the simplest explanation for who he is and what he stands for.

Edit: and what those who support him believe

White folk ready to burn the world to ashes solely for being forced to have a black president.

Country is filled with idiots and racists. Can’t expect much from that.