Well, how about this? He was in no danger without said cash, but missing enough that he got worried, and we know how rare that is. He has no soul and doesn’t give a damn about anyone but himself, but he was concerned and we’re just now finding out about it. Good times. From MSNBC:
A New York Times investigation based on internal Trump Organization documents suggests that Donald Trump was a lot shorter on cash before he returned to the White House than commonly understood. It illuminates once more how Trump has exaggerated his supposed business acumen — and what may be motivating his dogged pursuit of new business ventures as president. The Times reports that last year, Trump’s office building in lower Manhattan “generated too little cash to cover its mortgage,” many of his golf courses had too few customers to cover costs, and the money that used to come in from his work in television had “dried up.”
Hmmmmmm, about time. He boasts and brags and tries to cover up what he does that goes wrong. Yet this was, surprisingly, kept very quiet. I wonder how they managed to get him to keep his aimless mouth SHUT. On the other hand, he’ll never admit that something has gone “wrong”, only the fabulous idea and actions that show how “powerful” he is. Shyeah, right.
The Times’ investigation found that Trump had little cash on hand in recent years given the size of his business empire — and then came the tremendous costs of legal fees during both his trials and hundreds of millions from penalties from civil lawsuits. The data suggests that as Trump entered office the second time, he was desperate for cash, which might explain at least some the tenacity with which he has hung onto his shares of Truth Social. It also likely explains why he and his family have pursued so many new ventures and licensing deals for the Trump Organization, ranging from watches to cryptocurrency to a mobile phone service. With the power of the presidency once again linked to the Trump name, the president and his family have fresh sources of money coming in to help his longtime businesses and expand his fortune. Trump’s most recently launched businesses have increased his fortune by billions.
Yee-fcking-ha. What is he going to do when all these businesses fail, just like many before them (Trump steaks, anyone?)? I just looked this up. There have been over 60 businesses that have failed. Trump perfume appears to already be on its way out. I’m betting the cellular service being touted is going to fade out shortly, too. He’s going to be desperate again, and it will just keep on going. Too bad MAGA doesn’t know this. There would be even less success because they wouldn’t be buying all this nonsense.
To be clear, Trump wasn’t on the brink of becoming a pauper if he didn’t start finding new ways to generate cash — he could’ve sold parts of his business off to become more liquid. But as far as the story of Trump is concerned, the new information highlights the gap between his incessant boasts about being a brilliant businessman and the less glamorous reality of how his businesses were functioning. And it sheds light on the urgency with which Trump launched new ventures, which have generated appalling financial conflicts of interest that are even worse in his second term than his first. All in all, it’s less “art of the deal” and more “art of the scramble.”
What a beautiful way to say it. I think I’m going to post that saying somewhere. Who knows? Someone else could pick up on this and make it bigger. Wouldn’t that be glorious? Thanks for sticking with me!
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