Trump Says Whoops! Pardon Me

My intense distaste for tRump and his totally repugnant (and often illegal) antics (both before and after the election) have prompted me to share with you the following post. I’ve referenced this writer before because  (1) I really like the way he writes, and (2) he pretty much says what I’ve been thinking.

In this particular article, the writer talks about how tRump’s past actions of shirking his responsibilities are coming back to haunt him, why it scares the crap out of him, and how he hopes to push it all under the rug by using an action similar to that which has served him well in his business ventures.

It is a well-known and documented fact that Donald Trump companies have filed for Chapter 11 bankruptcy protection six times. For those of you unfamiliar with this process, a company can remain in business while wiping away most if not all of its debts. A bankruptcy court approves a corporate budget and a plan to repay any remaining debt while shareholders and or investors lose all if not most of their equity. Think of Chapter 11 bankruptcy as a pardon, past sins are erased, the slate is clean and in the case of Trump’s Taj Mahal Atlantic City casino ready for another bankruptcy one year later.

If you want to know what this Russia, fake news thing is really all about these six bankruptcies is where a special counsel investigating Trump and his connections to Russia would begin and guess what, it appears that is what is happening.

Over the course of several years and several bankruptcies American banks quit loaning Trump money. Again, a documented fact. Think the old adage “Fool me once shame on you, fool me twice, shame on me”. Each Trump property is in separate Limited Liability Corporation, a LLC, and it is highly unlikely that Trump signed a personal guarantee for any of the loans, so when one property fails the only recourse a bank has is to liquidate the failed property and hope the assets equal or exceed the debt. They never do.

Trump gets his money out of these properties on the front end, through development fees, management fees, mark-ups on materials and labor, etc. When the revenues being generated can’t support the debt service, Trump files for bankruptcy. What he gets is a pardon, a do over. The guy that he owes $650,000 for purchasing and installing gold-plated toilet levers gets pennies on the dollar or worse, nothing at all. 

As you can imagine, banks got tired of this game as Trump crowed about using the system to his advantage. If you recall during one of his debates with Clinton he characterized his use of the bankruptcy laws as “What I’ve done is I’ve used, brilliantly, the laws of the country.” U.S. banks disagreed and closed the money the spigot to Trump. Unfortunately for Trump, he needed dollars, lots and lots of dollars to prop up and feed his machine, and to pay for the lifestyle he was accustom to living. This is the point where Trumps door opened and the Russians stepped in.

Several press outlets are reporting that Trump and his legal team are now exploring the possibility of Trump pardoning his top advisers, his family members and even himself. What has precipitated this thinking? Special counsel Robert Mueller’s Russian investigation appears to have expanded into Trump’s past finances which means getting his tax returns and loan documents from Deutsche Bank an institution known as a conduit for Russian rubles and Trumps primary lender in recent years.

For Trump, a pardon would simply be like filing for bankruptcy and, as he would describe it, using the laws of the country “brilliantly”. Most of us see the character flaw in this line of thinking and action, but 35% of you still celebrate his behavior. His supporters have thrown morals, standards and character out the window. They don’t care. But here is the issue, they honestly don’t know what they are supposed to care about. They are to busy watching the show, the train wreck. They think they are rooting for their hero but they have forgotten what the battle is all about. At this point it doesn’t matter if they are winning or losing they no longer remember what the game is. It is all about the show, the pageant, the spectacle and for that his 35% have hooked their wagon to the perfect star, the perfect ringmaster for this circus of chaos.

What are you going to do?

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You can read the original here.

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15 thoughts on “Trump Says Whoops! Pardon Me

  1. It’s become clear from all these revelations about tRump’s finances that he should never have been allowed to run for America’s top post. We now have a president in the pockets of the Russian government. What a hole we’ve dug for ourselves!

    Liked by 4 people

  2. E&B sums up tRump’s Machiavellian pysch-pathology very well — he is and has been for several decades a self-absorbed megalomaniac who (like other corporate carnivors) will devour you, immediately or slowly, if you are not one of his loyal acolytes. Sadly, his length-of-stay is evidence enough to show what WEALTH can wield and protect among so many gullible, hyper-sensitive, uneducated followers.

    Liked by 7 people

  3. I heard a report yesterday that the Trump legal team are investigating the application of the Presidential Pardon in regard to the Russian issues.

    I wonder, is it possible for the President to pardon himself?

    Liked by 1 person

    • If it is, one can be assured he’ll do it. He’s not about to let his world unravel. His personal life is far more important than the country he’s been elected to run and “make great again.”

      Liked by 2 people

      • And Nan, you can be guaranteed tRump will repeatedly pardon himself in the future once the precedent has been set. Is it possible, just possible, that we are watching the reincarnation-process of ancient kings into a supreme ruling god!? 😮

        😉

        Liked by 2 people

  4. I am trying to imagine what would happen or rather when Trump is impeached. Can you imagine what his fanatical religious nut job followers will do. The country could be torn apart politically and socially with violent street riots and yes… God help us….horrible prayers.

    This is a possible outcome for the USA when a popularist candidate is voted in and found to be corrupt, forced to leave office or thrown in jail but still supported by a core group of ignorant idiots.

    Liked by 3 people

  5. The recent attacks by Trump on Attorney General Jeff Sessions shows just how unhinged the President has become. To publically humiliate one of staunchest supporters has even the conservative media scratching their heads. To quote Fox News, the President is ‘nuts’ in going after sessions.

    As Stephen Colbert observed, he never thought he feel sorry for Jeff Sessions.

    What is abundantly clear is the Presidents worst enemy is himself.

    After hearing his speech to the Boy Scouts I was just appalled.

    Liked by 2 people

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