4 ms·

Asking a question, not starting an argument. Is Trump the only President that didn't land in a pool full of cash when he left office and actually "lost" money

by vuln 4y ago

Asking a question, not starting an argument. Is Trump the only President that didn't land in a pool full of cash when he left office and actually "lost" money / wealth while in office ?

janalsncm 4y ago
Did Trump lose money? Seems almost impossible to fully account for all of his assets before and after his presidency.
- vuln 4y ago
  I don't know really. I didn't see a 65 million dollar book advance. He wasn't too quick to hit the paid speaking engagements. Never ending lawsuits, more lawsuits don't really seem to be making him money...
  - vlovich123 4y ago
    His money is tied up in his brand. Everyone constantly talking about him is his brand and he’s very much in the school of thought that “all publicity is good publicity”.
    - vuln 4y ago
      > he’s very much in the school of thought that “all publicity is good publicity”. Yeah he is, but I just can't see it being profitable at this point. His base isn't THAT big is it? His base is the poorest amongst current and previous Presidents.
      - shagmin 4y ago
        Yet there are a lot of poor people willing to donate to mega church pastors that even have their own private planes, and his base probably overlaps with them quite a bit.
      - vlovich123 4y ago
        That’s not his income flow. Those people don’t pay him. They vote for him. His political clout then improves his brand.
starkd 4y ago
He did lose money while in office, but some point to his deal with the Saudis for $2 billion for the LIV golf project he started with Greg Norman. But that seems to be more of an investment than a payoff, but that remains to be seen.
boeingUH60 4y ago
Well, he already had money before becoming President and everyone knew that. But, hell, did the people around him cash in. For instance, Jared Kushner (Special Adviser/son-in-law) and Steve Mnuchin (Treasury Secretary) founded private equity firms and raised $2 billion and $1 billion respectively from the Saudi government [1]. It's not illegal to do that, but it's really murky especially for Kushner who was not known for having investment experience outside real estate (Mnuchin, on the other hand, is a veteran investor who previously chaired a bank). 1- https://www.businessinsider.com/kusner-mnuchin-raised-combined-3-half-billion-arab-monarchies-report-2022-5?r=US&IR=T https://www.businessinsider.com/kusner-mnuchin-raised-combin...
hgsgm 4y ago
Trump has been grifting his fans before, during, and after his Presidency. Trump forced the government to spend money on his personal businesses during his Presidency. Trump has been getting bribes before, during, and after his Presidency.
- vuln 4y ago
  > Trump has been grifting his fans before, during, and after his Presidency. We've seen politicians grift their supporters before. Looks at AOC and her 95$ _tax the rich hoodie_. I just find it hard to believe he has that many supporters with that deep of pockets to keep him flush. As far as statistics are concerned Trump's base is the poorest amongst current and previous Presidents. > Trump forced the government to spend money on his personal businesses during his Presidency. Right the golf trips. > Trump has been getting bribes before, during, and after his Presidency. That's just like business man, I suppose we can throw in tax avoidance in there too.
  - syzarian 4y ago
    If you think AOC and Trump's level of corruption are even within one order of magnitude of each other then you need to seriously question how you evaluate the information you are receiving. Trump is orders of magnitude more self-serving, greedy, full of avarice, corrupt, and debased than any other politician in the U.S. right now. Trump's son-in-law made billions during Trump's Presidency. Trump forced the Secret Service to stay at his hotels while he traveled and charged exorbitant prices. The list of examples goes on. There is nothing remotely comparable about AOC and Trump when it comes to corruption.
    - vuln 4y ago
      > If you think AOC and Trump's level of corruption are even within one order of magnitude of each other then you need to seriously question how you evaluate the information you are receiving. Trump is orders of magnitude more self-serving, greedy, full of avarice, corrupt, and debased than any other politician in the U.S. right now. Trump's son-in-law made billions during Trump's Presidency. Trump forced the Secret Service to stay at his hotels while he traveled and charged exorbitant prices. The list of examples goes on. There is nothing remotely comparable about AOC and Trump when it comes to corruption. Corruption != Grifting Nice try though.

by vuln 4y ago

Asking a question, not starting an argument. Is Trump the only President that didn't land in a pool full of cash when he left office and actually "lost" money / wealth while in office ?

janalsncm 4y ago

Did Trump lose money? Seems almost impossible to fully account for all of his assets before and after his presidency.

vuln 4y ago
I don't know really. I didn't see a 65 million dollar book advance. He wasn't too quick to hit the paid speaking engagements. Never ending lawsuits, more lawsuits don't really seem to be making him money...
- vlovich123 4y ago
  His money is tied up in his brand. Everyone constantly talking about him is his brand and he’s very much in the school of thought that “all publicity is good publicity”.
  - vuln 4y ago
    > he’s very much in the school of thought that “all publicity is good publicity”. Yeah he is, but I just can't see it being profitable at this point. His base isn't THAT big is it? His base is the poorest amongst current and previous Presidents.
    - shagmin 4y ago
      Yet there are a lot of poor people willing to donate to mega church pastors that even have their own private planes, and his base probably overlaps with them quite a bit.
    - vlovich123 4y ago
      That’s not his income flow. Those people don’t pay him. They vote for him. His political clout then improves his brand.

starkd 4y ago

He did lose money while in office, but some point to his deal with the Saudis for $2 billion for the LIV golf project he started with Greg Norman. But that seems to be more of an investment than a payoff, but that remains to be seen.

boeingUH60 4y ago

Well, he already had money before becoming President and everyone knew that. But, hell, did the people around him cash in. For instance, Jared Kushner (Special Adviser/son-in-law) and Steve Mnuchin (Treasury Secretary) founded private equity firms and raised $2 billion and $1 billion respectively from the Saudi government [1]. It's not illegal to do that, but it's really murky especially for Kushner who was not known for having investment experience outside real estate (Mnuchin, on the other hand, is a veteran investor who previously chaired a bank). 1- https://www.businessinsider.com/kusner-mnuchin-raised-combined-3-half-billion-arab-monarchies-report-2022-5?r=US&IR=T https://www.businessinsider.com/kusner-mnuchin-raised-combin...

hgsgm 4y ago

Trump has been grifting his fans before, during, and after his Presidency. Trump forced the government to spend money on his personal businesses during his Presidency. Trump has been getting bribes before, during, and after his Presidency.

vuln 4y ago
> Trump has been grifting his fans before, during, and after his Presidency. We've seen politicians grift their supporters before. Looks at AOC and her 95$ _tax the rich hoodie_. I just find it hard to believe he has that many supporters with that deep of pockets to keep him flush. As far as statistics are concerned Trump's base is the poorest amongst current and previous Presidents. > Trump forced the government to spend money on his personal businesses during his Presidency. Right the golf trips. > Trump has been getting bribes before, during, and after his Presidency. That's just like business man, I suppose we can throw in tax avoidance in there too.
- syzarian 4y ago
  If you think AOC and Trump's level of corruption are even within one order of magnitude of each other then you need to seriously question how you evaluate the information you are receiving. Trump is orders of magnitude more self-serving, greedy, full of avarice, corrupt, and debased than any other politician in the U.S. right now. Trump's son-in-law made billions during Trump's Presidency. Trump forced the Secret Service to stay at his hotels while he traveled and charged exorbitant prices. The list of examples goes on. There is nothing remotely comparable about AOC and Trump when it comes to corruption.
  - vuln 4y ago
    > If you think AOC and Trump's level of corruption are even within one order of magnitude of each other then you need to seriously question how you evaluate the information you are receiving. Trump is orders of magnitude more self-serving, greedy, full of avarice, corrupt, and debased than any other politician in the U.S. right now. Trump's son-in-law made billions during Trump's Presidency. Trump forced the Secret Service to stay at his hotels while he traveled and charged exorbitant prices. The list of examples goes on. There is nothing remotely comparable about AOC and Trump when it comes to corruption. Corruption != Grifting Nice try though.