#Trumptaxreturns #DeadbeatDonald #Releaseyourreturns
Lost contracts, bankruptcies, defaults, deceptions and indifference to investors —Trump’s business career is a long, laundry list of such problems, according to corporate, regulatory, and court records, as well as sworn testimony and government investigative reports. Call it the art of the bad deal; one created by the recklessness and arrogance of a businessman whose main talent is self-promotion.
He also is great at self-deception, and plain old deception. Trump is willing to claim success even when it is not there, according to his own statements. “I’m just telling you, you wouldn’t say that you’re failing,” he said in a 2007 deposition when asked to explain why he would give an upbeat assessment of his business even if it was in trouble. “If somebody said, ‘How you doing?’ you’re going to say you’re doing good.” Perhaps such play-acting is fine in polite cocktail party conversation, but in the business world it’s called lying.
In 2004, he presented unaudited financials to Deutsche Bank while seeking a loan, claiming he was worth $3.5 billion. The bank concluded differently. They felt Trump was, to say the least, puffing; it put his net worth at $788 million, records show. (Trump personally guaranteed $40 million of the loan to his company, so Deutsche coughed up the money. He later defaulted on that commitment.)
Trump’s many misrepresentations of his successes and his failures matter—a lot. This is the only way we have to judge this man. As a man who has never held so much as a city council seat there is little that voters can inspect to conclude if he is skilled to hold office. He presents few details about specific policies. Instead, he sells himself as qualified to run the country because he is a businessman who knows how to get things done, and his financial dealings are the only part of his background available to assess his competence to lead the country. And while Trump has had a few successes in business, most of his ventures have been disasters.
The two things that could help us decide if he is a good businessman is his book “The Art of Deal” which was entirely ghostwritten and his income tax returns which he refuses to release. So we have no proof about anything this man has said.
Why won’t he release his tax returns – what is he hiding because that is the only reason not to release his returns. Does he owe money to Russian banks? Is the truth about his net worth in those returns? Will they show that he gives nothing to charities? Exactly what is he hiding? Without those tax returns, we have nothing to show that Donald Trump has the ability to be President of the United States.