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FOCUS: The Russian 'Thug' Is a Dream Villain for the US Print
Thursday, 04 August 2016 11:27

Van Buren writes: "'Thug' is the safest go-to word in the lexicon of American Exceptionalism. So, it is with concern that folks are lining up at the mic to call Russian president Vladimir Putin just that."

Russian president Vladimir Putin. (photo: Alexei Nikolsky/RIA-Novosti/Kremlin)
Russian president Vladimir Putin. (photo: Alexei Nikolsky/RIA-Novosti/Kremlin)


The Russian 'Thug' Is a Dream Villain for the US

By Peter Van Buren, Irish Examiner

04 August 16

 

The American military and industrial complex needs a new enemy to justify its massive budget and Vladimir Putin is the right person at the right time, argues Peter Van Buren.

here is a near-certainty in American political speech, going back to the 1980s: When a senior US official labels you a thug, trouble follows. ‘Thug’ is the safest go-to word in the lexicon of American Exceptionalism.

So, it is with concern that folks are lining up at the mic to call Russian president Vladimir Putin just that. Current president Barack Obama called him a “thug,” as did failed Republican nomination candidate Marco Rubio, who added “gangster” for good measure. Republican House Speaker Paul Ryan’s spokesperson found fault with Mr Putin and his whole nation, even adding an adjective: “Russia is a global menace led by a devious thug.” One rarely hears ‘ruffian’, ‘hooligan,’ ‘vandal’, ‘hoodlum’ or ‘villain’, but watch out for ‘thug’.

While throwing the term at Mr Putin is tied to the weak public evidence supposedly linking Russian state hacker to the Democratic National Committee computer breach, there may be larger issues in the background.

It seems the word ‘thug’ is a sort of whistle that when blown signals Americans and their media to psyche up for a new fight. For example, Secretary of State John Kerry on Syrian President Bashar al-Assad: “A thug and murderer.” Kerry also said, “Daesh [Islamic State] is in fact nothing more than a mixture of killers, of kidnappers, of criminals, of thugs ...” Then-president George W Bush on al Qaeda: “If we let down our guard against this group of thugs, they will hurt us again.” Bush also thought Saddam Hussein was a thug.

Democratic presidential candidate Bernie Sanders on Muammar Gaddafi: “Look, everybody understands Gaddafi is a thug and murderer.”

Madeleine Albright found thugs in Somalia and the Balkans for the wars of her era as secretary of state.

But why Mr Putin, and why now? Perhaps what we’re seeing is preparation for the next iteration of America’s perpetual state of war.

Following the collapse of the Soviet Union and the conclusion of the Cold War (“the end of history,” as Francis Fukuyama called it), there was no global enemy for America to face down. No big nasty to spur weapons procurement, to justify a huge standing military with hundreds of bases around the world, or to pick fights with to allow a president down in the polls to morph into a superhero.

A lot of people had a lot of power and money in play that demanded some real bad guys. An attempt was made in the 1980s to make drug lords the new major threat, but they were too few in number to sustain the media campaign.

Following 9/11, the bad guys were “the terrorists”. The George W Bush administration riffed off that theme in appointing Saddam Hussein as a weapons-of-mass-destruction threat and in tagging Iran and North Korea as members of an “axis of evil”. Saddam Hussein turned out to be a bust, and the war in Iraq was very unpopular. Osama bin Laden never launched a second attack on the US, and the Taliban was dragged down by a war that seemed to lose its focus after 15 years. Iran and North Korea make a lot of noise but never seemed able to do real harm to America. The US made a good-faith effort trying to label all sorts of others — Gaddafi, Assad, Islamic State — as global enemies worthy of perpetual war, but the Middle East in general has turned into a quagmire. America likes a winner, or at least the appearance of winning.

Ahead of the next administration, Washington really needs an arch enemy, a poster-child kind of guy who looks like a James Bond villain. And preferably one with nuclear weapons he’ll brandish but never use.

Enter Putin the Thug.

(photo: irishexaminer.com)

Americans are already well-prepared by the old Cold War to see Russia again as an evil empire, and Mr Putin looks the part. The Russians are involved in Syria’s civil war, so there is some sense of continuity. A new Cold War with Russia would require America to buy more expensive military hardware, and find new areas of Europe, such as the Baltic states, to garrison. It might even breathe new life into a North Atlantic Treaty Organisation that is confused about its role vis-a-vis terrorism.

For politicians, ceaselessly shouting about the Muslim threat has proved to have downsides: It has inflamed many Muslims, perhaps pushing them toward radicalisation. In addition, it turns out there are Muslim voters in the US, and people who respect Muslims. The Kahn family’s speech to the Democratic National Convention about the death of their soldier son was proof of that.

On the other hand, Mr Putin doesn’t vote, only a handful of far leftists think he’s a good guy, and he can be slapped around in soundbites without risk that he will actually launch a war against the US.

Why, he can even be accused, without penalty, of meddling in our democratic processes.

Putin the Thug is a political-military-industrial-complex dream candidate. Expect him to feature heavily in the next administration’s foreign policy.

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FOCUS: In Standing by Trump, Republican Leaders Continue to Put Party Over Country Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=6853"><span class="small">Frank Rich, New York Magazine</span></a>   
Thursday, 04 August 2016 10:28

Rich writes: "The most dangerous thing - for America, assuming we care more about the country than either political party - would be for Trump to be elected president. The most patriotic thing would be for Republican leaders to abandon Trump and do anything possible to stop him."

Donald Trump. (photo: AP)
Donald Trump. (photo: AP)


In Standing by Trump, Republican Leaders Continue to Put Party Over Country

By Frank Rich, New York Magazine

04 August 16

 

Most weeks, New York Magazine writer-at-large Frank Rich speaks with contributor Alex Carp about the biggest stories in politics and culture. Today: the fallout from the Trump-Khan feud, the question of standing up to Trump, and Hillary Clinton’s post-convention bounce.

n the wake of Donald Trump’s protracted feud with the Khan family, President Obama has openly called on Republican leaders to withdraw their support for Trump, arguing that repeated criticisms of his missteps are meaningless unless they come with real consequences. At this point, would it be more dangerous for the GOP to abandon Trump or to defiantly double down on him?

The most dangerous thing — for America, assuming we care more about the country than either political party — would be for Trump to be elected president. The most patriotic thing would be for Republican leaders to abandon Trump and do anything possible to stop him. But most GOP leaders have other priorities: gaining the White House for their party no matter who the chief executive or what the price, holding their House and Senate majorities, and retaining statehouses. They are not going to mount an effort to repudiate Trump unless they think those partisan political goals — especially holding Congress — are in serious jeopardy. That’s their sole principle. The only dangers they care about are threats to their own hold on power. Only when polls unambiguously tell them that they are on the Titanic and that they are going down with it will they leap into the lifeboats.

For many liberals, as for Obama, Trump’s nasty belittling of the Khans was a “Have you no sense of decency?” turning point to rival that famous moment in the 1954 Army–McCarthy hearings when the counsel Joseph Welch so effectively stood up to the bully Joe McCarthy, hastening his demise. But many Republicans don’t see it that way at all. Writing in The Hill, the conservative columnist Charles Hurt surely spoke for many Trump supporters and GOP leaders when he wrote that Khizr Khan had been “tricked” by the Clinton campaign into being used as a “tool” to “divide people.” Hurt argues that the Gold Star father was given center stage at the Democratic convention only so he could be exploited as “a Muslim of Pakistani heritage” to pander to racial political correctness.

John McCain and Paul Ryan criticized Trump’s attack on the Khans, but they continue to support Trump out of fear of Republican voters who share Hurt’s point of view. They support Trump even though he told the Washington Post yesterday that he refuses to endorse either of them in their own upcoming primaries. What does it say about McCain, who stood up heroically to his North Vietnamese captors, that he is not brave enough to stand up to a bully like Trump out of fear of losing his reelection bid? What a sad and ignoble twilight to his career. And what does it say about Ryan’s much-touted intellect that he thinks that Trump, if elected president, will allow him to pursue his sacred conservative agenda in Congress? President Trump will humiliate and disregard the Speaker of the House, whether Ryan or Nancy Pelosi, just as candidate Trump is doing now. When Trump withheld his support for Ryan’s reelection yesterday, the reason he gave was his skepticism that Ryan was capable of “very, very strong leadership.” On this point, at least, Ryan has proven Trump completely right.

Obama’s remarks didn’t seem to draw out any immediate reaction from GOP leaders, and they came on the same morning that Representative Richard Hanna said he’d be the first Republican in Congress to vote for Clinton in the fall. What will be the fallout if Republicans like Paul Ryan and Mitch McConnell fail to set a tone for the party’s response?

Good for Hanna, but let’s note that he is retiring from the House at the end of his current term, so he has nothing to lose by opposing Trump. He’s typical of the Republican elites who have most forcefully spoken out against Trump; they are, with few exceptions, politicians and operatives who are out of power or were defeated in the primary. Or they are conservative pundits who had no clout to begin with. In other words: the Bush family and its retainers; the Romney crowd; Ted Cruz and those around him who hope he will inherit the party’s ruins if Trump loses; and the right-of-center op-ed writers of the Times and Washington Post. These #NeverTrump-sters are held in utter contempt by Trump voters — and by Trump publicists like Ann Coulter and Laura Ingraham. They have no constituency except in the press, which this week chronicled the anti-Trump defections of the Jeb Bush adviser Sally Bradshaw and the failed GOP California gubernatorial candidate Meg Whitman, as if their actions actually meant anything to anyone beyond their own vanquished Establishment cohort.

Ryan and McConnell have set a tone — they are quislings. They missed any chance to be heroes by not repudiating Trump when it mattered, before the Republican convention. Their tone is matched by most of their peers, including the oleaginous Marco Rubio, who offered his latest profile in cowardice this week by floating the theory that Trump would grow in office once he is in the White House. We’ve actually reached the point where the Koch brothers, the rare donors who have persistently refused to lend financial support to Trump, are the moral standard-bearers of the GOP.

The fallout for the Republican Party of the Great Ryan-McConnell Wimp-Out is anyone’s guess, but my own is this: The dethronement of both congressional leaders and the rest of the so-called GOP Establishment that began in the primary will be complete. The party will be inherited by the Trump base, a.k.a. the Palin–tea party base, that has risen from the grass roots since 2008, when Obama came to power, and consolidated its power ever since.

In the first set of post-convention polling, Hillary Clinton has come out with a clear lead. Is this post-convention bump likely to stick?

God knows. At the Times, the Upshot now gives Clinton a 74 percent chance to win. Given that this is the same prognosticating operation that failed to spot Trump’s rise during the primaries and kept spotting a Rubio victory around the corner, its Clinton bullishness is not necessarily good news for Clinton. And contrarily enough, one of its analysts, Nate Cohn, recently wrote that Trump’s popularity with “white voters without a college degree, and particularly white men without a degree” is “enough to keep the election close” and “could even be enough for him to win.” Then again, over at FiveThirtyEight, Nate Silver downplayed the importance of Trump’s “predominantly white, working-class base” because, he wrote, it’s “a smaller share of the electorate than you might think.” So, pick your Nate!

What gives me hope that Trump is in trouble — at least for the moment — are not the polls, or the musings of any poll analysts, or even the fresh reports of disarray and division in the Trump campaign, but the actions of the man himself. Trump’s ranting this week that the election is “rigged” and his ludicrous efforts to change the dates of the debates suggest that he thinks he is in trouble and is laying the groundwork for a blame game the morning after. If he loses, the two people we know for certain he won’t blame are himself and Vladimir Putin.

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Why the Shake-Up at the Democratic National Committee Is Doomed Print
Thursday, 04 August 2016 08:39

Reich writes: "Purging the DNC of top officials won't remedy the DNC's problems. Those problems aren't attributable to individuals who didn't do their jobs. To the contrary, those individuals probably fulfilled their responsibilities exactly as those jobs were intended to be done."

Robert Reich. (photo: AP)
Robert Reich. (photo: AP)


Why the Shake-Up at the Democratic National Committee Is Doomed

By Robert Reich, Robert Reich's Blog

04 August 16

 

he shake-up at the Democratic National Committee after an embarrassing breach of its email system continued Tuesday with the departure of three senior officials.

But purging the DNC of top officials won’t remedy the DNC’s problems. Those problems aren’t attributable to individuals who didn’t do their jobs. To the contrary, those individuals probably fulfilled their responsibilities exactly as those jobs were intended to be done.

The DNC’s problems are structural.

The Democratic National Committee – like the Republican National Committee – has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists bundlers, and corporate and Wall Street PACs.

As long as this is its de facto mission, the DNC won’t ever be kindly disposed to a campaign financed by small donations – Bernie’s, or any others. Nor will it support campaign finance reform. Nor will it be an institutional voice for average working people and the poor. It won’t want to eliminate superdelegates or support open primaries because these reforms would make Democratic candidates vulnerable to non-corporate interests.

What’s needed is structural reform. The DNC has to turn itself – and the Democratic Party – into a grass-roots membership organization, with local and state chapters that play a meaningful role in selecting and supporting candidates.

And it has to take a lead in seeking public financing of campaigns, full disclosure of all donations, and ending the revolving door between government and the lobbying-industrial-financial complex.

Unfortunately, I doubt this will happen. Which is why no number of purges of individuals are going to make the DNC the kind of organization that serves the public interest. And why we’re going to need a third party, or a third force, to pressure the Democratic Party to do what’s right by America.

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Kids Are Collateral Damage When Police Decide to Shoot Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=28829"><span class="small">Carimah Townes, ThinkProgress</span></a>   
Thursday, 04 August 2016 08:31

Townes writes: "To date, there are no nationally-enforced guidelines for how to safeguard children present during an arrest or police standoff. Likewise, there isn't a nationally-required protocol for police to abide by when a parent is brought into custody - or killed. Without formal guidance, cops are generally allowed to use their intuition, and kids ultimately pay the price."

Baltimore police killed Korryn Gaines and also shot her child. (photo: Instagram)
Baltimore police killed Korryn Gaines and also shot her child. (photo: Instagram)


Kids Are Collateral Damage When Police Decide to Shoot

By Carimah Townes, ThinkProgress

04 August 16

 

five-year-old boy’s life was changed forever Monday, when he was shot in the leg and watched his mother, Korryn Gaines, die in an armed standoff with Baltimore County police over outstanding traffic violations. Gaines barricaded herself in her apartment in Randallstown, MD, holding five-year-old Kodi and a shotgun. Police tried to coax her out and ultimately ended up exchanging fire. It’s not yet clear what Kodi witnessed, but in a video Gaines posted on Facebook during the standoff, the child said “they’re trying to kill us.”

His is a common story.

Last month, a four-year-old girl in Minnesota watched a cop shoot her mother’s boyfriend, Philando Castile. She was sitting in the back of her mother’s car when Officer Jeronimo Yanez pointed his gun in the car and fired at Castile, who was sitting in the front seat and reaching for his I.D. and license to carry. The child was clearly visible in the backseat, but Yanez decided to shoot anyway. Then, as Castile bled out, his colleagues swarmed the car with their weapons trained on the little girl’s mother.

In 2013, a one-year-old infant miraculously survived the barrage of bullets that killed her mother, Miriam Carey. Carey’s fatal mistake was making an illegal U-turn at a White House checkpoint and driving away as fast as possible. Capitol Police fired 26 bullets at her car, hitting Carey five times from behind, including once in the head. While physically unharmed, the infant was left motherless long before she could understand why.

Time and time again, children are collateral damage when police decide to use deadly force against adults. Sometimes they end up dead, like 12-year-old Ciara Meyer in Pennsylvania, who was accidentally shot by a volunteer Constable aiming for her father. Other times, they are left to deal with the loss of a parent or loved one.

Many of these circumstances could be avoided if police were better trained to work with children at the time of an arrest or shooting.

To date, there are no nationally-enforced guidelines for how to safeguard children present during an arrest or police standoff. Likewise, there isn't a nationally-required protocol for police to abide by when a parent is brought into custody -- or killed. Without formal guidance, cops are generally allowed to use their intuition, and kids ultimately pay the price.

The moment police arrive to take someone away, children experience elevated stress, anxiety, and fear -- emotional distress that sticks with them their entire lives, according to the National Center for Children Exposed to Violence (NCCEV). That distress is exacerbated when guns are present or force is used to subdue the parent. And because their brains are still developing, kids are unable to fully cope with the trauma, setting them up for problems down the line.

Simply witnessing an arrest can cause separation anxiety, social withdrawal, and aggressive behavior in children. Kids often revert back to "baby-ish behavior," have difficulty sleeping, and experience unrelenting sadness, anger, fear, and suicidal thoughts. In many cases, psychological stressors cause physical ailments. Police brutality adds another layer to kids' trauma and initiates a lifelong distrust of the people who are supposed to serve and protect.

By now, the effects of police interactions with parents and their kids are well-documented, yet few departments in the country equip officers with the skills needed to reduce physical and emotional harm to children.

A 2015 report by the Justice Department's Office of Justice Program Diagnostic Center (OJPDC), and Strategies for Youth (SfY), a youth policy and advocacy organization, found that most departments lack training on how to approach children or notice signs of distress. Protocols for ensuring the safety of children when parents or loved ones are taken away briefly, or locked away for an extended period of time, are also murky -- or nonexistent, depending on the department.

According to researchers, officers don't realize that simply being present can immediately traumatize children. They also have minimal information about the ways trauma manifests itself. That lack of understanding influences the way cops interact with kids during an arrest. Many draw their weapons when they don't need to, or handcuff parents in front of their kids -- two actions that illicit strong reactions in young people. Officers often fail to explain to kids why they are there, adding to their confusion and anxiety. And when police are done making an arrest, children are frequently left alone without no idea of where to go or what to do for help.

In 2014, the International Association of Chiefs of Police (IACP) was commissioned by the DOJ to develop a model protocol for safeguarding kids during arrests. Police departments across the country aren't required to follow it, but the model says officers should do their best to determine if a kid is nearby before apprehending a parent, and postpone an arrest if possible. They are also encouraged to ask people if they have kids in need of childcare, before taking them away. Per IACP guidelines, police should also ensure that there's a guardian to provide temporary care, or work with child welfare services to find temporary placement.

OJPDC and SfY released a second set of guidelines for police to follow, in 2015. Piggybacking off of the IACP's model, their experts said officers should also avoid placing handcuffs on parents when kids are present, and refrain from pointing firearms at children. When there isn't an imminent threat, adults who are about to be taken into custody should have a chance to explain the arrest to their kids and offer as much comfort as possible.

Some cities, including Philadelphia, San Francisco, Milwaukee, and Indianapolis, have adopted the models laid out by the OJPDC and SfY. But the vast majority of police departments have yet to budge.

For now, it's unclear whether or not police in Randallstown have a policy for dealing with kids like Gaines' 5-year-old son. But it's likely that he'll suffer from the shooting for the rest of his life.

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A Short History of Trump's Bad Deals and Business Failures Print
Thursday, 04 August 2016 08:29

Eichenwald writes: "Lost contracts, bankruptcies, defaults, deceptions and indifference to investors - Trump's business career is a long, long list of such troubles, according to regulatory, corporate and court records, as well as sworn testimony and government investigative reports. Call it the art of the bad deal, one created by the arrogance and recklessness of a businessman whose main talent is self-promotion."

Jim Williams, of Calvi Electric, lowers the 'M' letter from the signage of Trump Plaza Casino to his co-workers Tony Demidio and Steven Nordaby in Atlantic City, New Jersey October 6, 2014. (photo: Mark Makela/Reuters)
Jim Williams, of Calvi Electric, lowers the 'M' letter from the signage of Trump Plaza Casino to his co-workers Tony Demidio and Steven Nordaby in Atlantic City, New Jersey October 6, 2014. (photo: Mark Makela/Reuters)


A Short History of Trump's Bad Deals and Business Failures

By Kurt Eichenwald, Newsweek

04 August 16

 

onald Trump was thundering about a minority group, linking its members to murderers and what he predicted would be an epic crime wave in America. His opponents raged in response—some slamming him as a racist—but Trump dismissed them as blind, ignorant of the real world.

No, this is not a scene from a recent rally in which the Republican nominee for president stoked fears of violence from immigrants or Muslims. The year was 1993, and his target was Native Americans, particularly those running casinos who, Trump was telling a congressional hearing, were sucking up to criminals.

Trump, who at the time was a major casino operator, appeared before a panel on Indian gaming with a prepared statement that was level-headed and raised regulatory concerns in a mature way. But, in his opening words, Trump announced that his written speech was boring, so he went off-script, even questioning the heritage of some Native American casino operators, saying they “don't look like Indians” and launching into a tirade about “rampant” criminal activities on reservations.

“If [Indian gaming] continues as a threat, it is my opinion that it will blow. It will blow sky high. It will be the biggest scandal ever or one of the biggest scandals since Al Capone,” Trump said. “That an Indian chief is going to tell [mobster] Joey Killer to please get off his reservation is almost unbelievable to me.”

His words were, as is so often the case, incendiary. Lawmakers, latching onto his claim to know more than law enforcement about ongoing criminal activity at Indian casinos, challenged Trump to bring his information to the FBI. One attacked Trump’s argument as the most “irresponsible testimony” he had ever heard. Connecticut Governor Lowell Weicker Jr., whom Trump had praised in his testimony, responded by calling him a “dirtbag” and a bigot; Trump immediately changed his mind about the governor, proclaiming Weicker to be a “fat slob who couldn't get elected dog catcher in Connecticut.”

For opponents of Trump’s presidential run, this contretemps about American Indians might seem like a distant but familiar echo of the racism charges that have dogged his campaign, including his repeated taunting of Senator Elizabeth Warren as “Pocahontas” because she claims native ancestry. But, in this case, there was more to it than that: Trump, through his offensive tantrum, was throwing away financial opportunities, yet another reminder that, for all his boasting of his acumen and flaunting of his wealth, the self-proclaimed billionaire has often been a lousy businessman.

As Trump was denigrating Native Americans before Congress, other casino magnates were striking management agreements with them. Trump knew the business was there even when he was testifying; despite denying under oath that he had ever tried to arrange deals with Indian casinos, he had done just that a few months earlier, according to an affidavit from Richard Milanovich, the official from the Agua Caliente Band of Cahuilla Indians who met with Trump, letters from the Trump Organization and phone records. The deal for the Agua Caliente casino instead went to Caesars World. (In 2000, Trump won a contract to manage the casino for the Twenty-Nine Palms Band of Mission Indians, but after Trump Hotels and Casino Resorts declared bankruptcy in 2004, the tribe paid Trump $6 million to go away.) And in his purposeless, false and inflammatory statements before Congress, Trump alienated politicians from around the country, including some who had the power to influence construction contracts—problems that could have been avoided if he had simply read his prepared speech rather than ad-libbing.

Lost contracts, bankruptcies, defaults, deceptions and indifference to investors—Trump’s business career is a long, long list of such troubles, according to regulatory, corporate and court records, as well as sworn testimony and government investigative reports. Call it the art of the bad deal, one created by the arrogance and recklessness of a businessman whose main talent is self-promotion.

He is also pretty good 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 dissembling is fine in polite cocktail party conversation, but in the business world it’s called lying.

And while Trump is quick to boast that his purported billions prove his business acumen, his net worth is almost unknowable given the loose standards and numerous outright misrepresentations he has made over the years. In that 2007 deposition, Trump said he based estimates of his net worth at times on “psychology” and “my own feelings.” But those feelings are often wrong—in 2004, he presented unaudited financials to Deutsche Bank while seeking a loan, claiming he was worth $3.5 billion. The bank concluded 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. As a man who has never held so much as a city council seat, there is little voters can examine to determine if he is competent to hold office. He has no voting record and 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.

Dependent on Daddy

When he was ready for college, Trump wanted to be a movie producer, perhaps the first sign that he was far more interested in the glitz of business than the nuts and bolts. He applied to the University of Southern California to pursue a film career, but when that didn’t work out, he attended Fordham University; two years later, he transferred to the Wharton School of Business at the University of Pennsylvania and got a degree in economics.

Trump boasted when he announced his candidacy last year that he had made his money “the old-fashioned way,” but he is no Bill Gates or Michael Bloomberg, self-made billionaires who were mavericks, innovators in their fields. Instead, the Republican nominee’s wealth is Daddy-made. Almost all of his best-known successes are attributable to family ties or money given to him by his father.

The son of wealthy developer Fred Trump, he went to work for his father’s real estate business immediately after graduating from Wharton and found some success by taking advantage of his father’s riches and close ties to the power brokers in the New York Democratic Party, particularly his decades-long friend Abe Beame, the former mayor of the city.

Even with those advantages, a few of Trump’s initial deals for his father were busts, based on the profits. His first project was revitalizing the Swifton Village apartment complex in Cleveland, which his father had purchased for $5.7 million in 1962. After Trump finished his work, they sold the complex for $6.75 million, which, while appearing to be a small return, was a loss; in constant dollars, the apartment buildings would have had to sell for $7.9 million to have earned an actual profit. Still, Trump happily boasted about his supposed success with Swifton Village and about his surging personal wealth.

He already ached to be part of the Manhattan elite rather than just be known as the son of a Brooklyn developer. So, in 1970, he took another shot at joining the entertainment business by investing $70,000, to snag a co-producer’s credit for a Broadway comedy called Paris Is Out! Once again, Trump failed; the play bombed, closing after just 96 performances.

The next year, he moved to Manhattan from the outer boroughs, still largely dependent on Daddy. In 1972, Trump’s father brought him into a limited partnership that developed and owned a senior citizen apartment complex in East Orange, New Jersey. Fred Trump owned 75 percent, but two years later shrunk his ownership to 27 percent by turning over the rest of his stake to two entities controlled by his son. Another two years passed, and then Fred Trump named him the beneficiary of a $1 million trust that provided him with $1.3 million in income (2015 dollars) over the next five years. In 1978, he boosted his son’s fortunes again, hiring him as a consultant to help sell his ownership interest in a real estate partnership to the Grandcor Company and Port Electric Supply Corp. The deal was enormously lucrative for Donald Trump, particularly since it just fell into his lap thanks to his family. Under the deal, Grandcor agreed to pay him an additional $190,000, while Port Electric kicked in $228,500. (The payments were made over several years, but the value in present-day dollars on the final sum he received is $10.4 million.)

Despite having no real success of his own, by the late 1970s, Trump was swaggering through Manhattan, gaining a reputation as a crass self-promoter. He hung out in the fancy nightspot Le Club, where he was chums with prominent New Yorkers like Roy Cohn, the one-time aide to Senator Joe McCarthy who was one of the city’s most feared and politically connected attorneys. Cohn became one of the developer’s lifelong mentors, encouraging the pugilistic personality that showed itself all the way back in second grade, when Trump punched his music teacher.

Soon Trump gained the public recognition he craved. Through a wholly owned corporation called Wembly Realty, Trump struck a partnership with a subsidiary of Hyatt Hotels. That partnership, Regency Lexington, purchased the struggling Commodore Hotel for redevelopment into the Grand Hyatt New York, a deal Trump crowed about when he announced he was running for president.

He failed to mention that this deal was once again largely attributable to Daddy, who co-guaranteed with Hyatt a construction loan for $70 million and arranged a credit line for his boy with Chase Manhattan Bank. The credit line was a favor to the Trump family, which had brought huge profits to the bank; according to regulatory records, the revolving loan was set up without even requiring a written agreement. Topping off the freebies and special deals that flowed Trump’s way, the city tossed in a 40-year tax abatement. Trump’s “success” with the Hyatt was simply the result of money from his dad, his dad’s bank, Hyatt and the taxpayers of New York City.

Despite the outward signs of success, Trump’s personal finances were a disaster. In 1978, the year his father set up that sweet credit line at Chase, Donald’s tax returns showed personal losses of $406,386—$1.5 million in present-day dollars. Things grew worse in 1979, when he reported an income of negative $3.4 million, $11.2 million in constant dollars. All of this traced back to big losses in three real estate partnerships and interest he owed Chase. With Trump sucking wind and rapidly drawing down his line of credit, he turned again to Daddy, who in 1980 agreed to lend him $7.5 million.

All of these names and numbers can grow confusing for voters with little exposure to the business world. So to sum it all up, Trump is rich because he was born rich—and without his father repeatedly bailing him out, he would have likely filed for personal bankruptcy before he was 35.

Rolling Snake Eyes

As his personal finances were falling apart, Trump got a big idea for how to make money: casinos.

In early 1980, he received a phone call from Alan Lapidus, an architect who was a friend of Fred Trump. Lapidus gave Donald Trump a hot tip—there was a parcel of land available in Atlantic City that was zoned for use by a casino hotel. Gaming had been legalized in New Jersey in 1978, and casinos in Atlantic City were already reporting big business. At the time, Trump was deep into plans to turn Bonwit Teller’s flagship department store into Trump Tower—a transformation achieved with the help of Roy Cohn, who fought in the courts to win Trump a huge tax abatement. Still, Trump jumped on the casino idea and had a lawyer reach out to the owners to negotiate a lease deal.

In August 1980, the Trump Plaza Corporation was incorporated in New Jersey, and nine months later it applied for a casino license. Trump wanted to build a 39-story, 612-room hotel and casino, but the banks refused to finance his adventure. So, instead, he struck a partnership with Harrah’s Entertainment in which the global gaming company and subsidiary of Holiday Inn Inc. put up all the money in exchange for Trump developing the property. In 1984, Harrah’s at Trump Plaza opened, and Trump seethed. He had wanted his name to be the marquee brand, even though Harrah’s had an international reputation in casinos and he had none. He even delayed building a garage because his name was not being used prominently enough in the marketing.

According to court papers, Harrah’s spent $9.3 million promoting the Trump name, giving the New York developer a reputation in the casino business he’d never had before. And Harrah’s quickly learned the price—now, with Trump able to argue he knew casinos, financing opportunities that did not exist before opened up, and he was able to use Harrah’s promotion of him as a lever against the entertainment company. Soon after that first casino opened, Trump took advantage of his new credibility with financial backers interested in the gaming business to purchase the nearly completed Hilton Atlantic City Hotel for just $320 million; he renamed it Trump Castle. The business plan was ludicrous: Trump had not only doubled down his bet on Atlantic City casinos but was now operating two businesses in direct competition with each other. When Trump Castle opened in 1985, Harrah’s decided to ditch Trump and sold its interest in their joint venture to him for $220 million.

Still, he wanted more in Atlantic City—specifically, the Taj Mahal, the largest casino complex ever, which Resorts International was building. This made the Casino Control Commission nervous because it could have meant that the financial security of Atlantic City would be riding on the back of one man. But Trump brushed those concerns aside at a February 1988 licensing hearing—after all, his argument went, he was Donald Trump. He would contain costs, he said, because banks would be practically throwing money at him, and at prime rates. He would be on a solid financial foundation because the banks loved him so much, unlike lots of other companies and casinos that used below-investment-grade, high-interest junk bonds for their financing. “I’m talking about banking institutions, not these junk bonds, which are ridiculous,” he testified.

But Trump’s braggadocio proved empty. No financial institution gave him anything. Instead, he financed the deal with $675 million in junk bonds, agreeing to pay an astonishing 14 percent interest, about 50 percent more than he had projected. That pushed Trump’s total debt for his three casinos to $1.2 billion. For the renamed Trump Taj Mahal to break even, it would have to pull in as much as $1.3 million a day in revenue, more than any casino ever.

Disaster hit fast. As had been predicted by some Wall Street analysts, Trump’s voracious appetite cannibalized his other casinos—it was as if Trump had tipped the Atlantic City boardwalk and slid all his customers at the Trump Castle and Trump Plaza down to the Taj. Revenues for the two smaller casinos plummeted a combined $58 million that first year.

Meanwhile, another Trump disaster was brewing. Eastern Air Lines, which had been struggling, put its northeastern air shuttle up for sale. Trump persuaded the banks to lend him $380 million to purchase the route, and in June 1989 the Trump Shuttle began flying.

Trump introduced the airline with his usual style—by insulting the competition. At an elegant event at Logan Airport in Boston, Trump took the stage and suggested that the other airline with a northeastern shuttle, Pan Am, flew unsafe planes. Pan Am didn’t have enough cash, he said, and so it couldn’t spend as much as the Trump Shuttle on maintenance. “I’m not criticizing Pan Am,” Trump told the assembled crowd. “I’m just speaking facts.” But Trump offered no proof, and others in the airline industry seethed; talking about possible crashes was bad for everyone’s business.

He promised to transform his shuttle into a luxury service—bathroom fixtures were colored gold, and the plane interiors were decked out with mahogany veneer. He was spending $1 million to update each of the planes, which were individually worth only $4 million. With those changes, he boasted, he would increase the shuttle’s market share from 55 to 75 percent.

But just like with casinos, Trump was in a business he knew nothing about. Customers on a one-hour flight from Washington to New York didn’t want luxury; they wanted reliability and competitive prices.

Trump Shuttle never turned a profit. But it didn’t have much of a chance; even as he was preening about his successes, Trump’s businesses were falling apart and would soon bring the shuttle crashing down with them.

Bragging About How Much He Owes

At 1:40 p.m. on October 10, 1989, the four-blade rotor and tail rotor broke off of a helicopter flying above the pine woodlands near Forked River, New Jersey. The craft plunged 2,800 feet to the ground, killing all five passengers. Among them were three of Trump’s top casino executives.

With the best managers of his casinos dead, Trump for the first time took responsibility for running the day-to-day operations in Atlantic City. His mercurial and belligerent style made a quick impact—some top executives walked, unwilling to put up with his eccentricities, while Trump booted others. The casinos were struggling so badly that Trump was sweating whether a few big winners might pull him under. He once hovered over a baccarat table at the Plaza, anxiously watching a Tokyo real estate tycoon who had won big at the casino in the past; executives at the casino were humiliated, since Trump was signaling that he was frightened customers might win. (The Japanese tycoon lost that night.) By early 1990, as financial prospects at the casinos worsened, Trump began badmouthing the executives who had died, laying blame on them, although the cause of his problems was the precarious, debt-laden business structure he had built.

By June 1990, Trump was on the verge of missing a $43 million interest payment to the investors in the Taj’s junk bonds. Facing ruin, he met with his bankers, who had almost no recourse—they had been as reckless as Trump. By lending him billions—with loans for his real estate, his casinos, his airline and other businesses—they could fail if Trump went down. So the banks agreed to lend him tens of millions more in exchange for Trump temporarily ceding control over his multibillion-dollar empire and accepting a budget of $450,000 a month for personal expenditures. In August, New Jersey regulators prepared a report totaling Trump’s debt at $3.4 billion, writing that “a complete financial collapse of the Trump Organization was not out of the question.”

In September, Trump informed his bankers that he would not be paying the $1.1 million in interest due and asked that they defer $245 million of future loan payments. Once again, the banks could do little but agree. The shuttle business was put up for sale, as was his $29 million yacht, the Trump Princess. (In 1992, Trump defaulted on his debt for the shuttle and turned it over to his creditor banks.)

By December, Trump was on the verge of missing an interest payment on the debt of Trump Castle, and there was no room left to maneuver with the banks this time. So, just as he had in the past, Trump turned to Dad for help, according to New Jersey state regulatory records. On December 17, 1990, Fred Trump handed a certified check for $3.35 million payable to the Trump Castle to his attorney, Howard Snyder. Snyder traveled to the Castle and opened an account in the name of Fred Trump. The check was deposited into that account and a blackjack dealer paid out $3.35 million to Snyder in gray $5,000 chips. Snyder put the chips in a small case and left; no gambling took place. The next day, a similar “loan” was made—except by wire transfer rather than by check—for an additional $150,000. This surreptitious, and unreported, loan allowed Donald Trump to make that interest payment. (The Castle later settled charges by the Casino Control Commission of violations from this escapade and paid a $65,000 fine.)

It didn’t matter—Trump’s casino empire was doomed. A little more than a year after the opening of the Taj, that casino was in bankruptcy court, and was soon followed there by the Plaza and the Castle. Under the reorganization, Trump turned over half his interest in the businesses in exchange for lower rates of interest, as well as a deferral of payments and an agreement to wait at least five years before pursuing Trump for the personal guarantees he had made on some of the debt. The total debt remained huge, weighing down the reorganized company for years. In 2004, Trump Hotels & Casino Resorts—the new name for Trump’s casino holdings—filed for bankruptcy, and Trump was forced to relinquish his post as chief executive. The name of the company was then changed to Trump Entertainment Resorts; it filed for bankruptcy in 2009, four days after Trump resigned from the board.

In his books and public statements, Trump holds up this bankruptcy as yet more proof of his business genius; after all, his logic goes, he climbed out of a hole so deep few others could have done it. He even brags now about how deep that hole was. Trump falsely claimed in two of his books that he owed $9.2 billion, rather than the actual number, $3.4 billion, making his recovery seem far more impressive. (When challenged on the misrepresentation during a 2007 deposition, Trump blamed the error on Meredith McIver, a longtime employee who helped write that book. Trump testified that he recognized the mistake shortly after the first book mentioning it was published; he never explained why he allowed it to appear again in the paperback edition and even in his next book. McIver went on to garner some national recognition as a Trump scapegoat—nine years later, when Trump’s wife, Melania, delivered a speech at the Republican National Convention that was partially plagiarized from Michelle Obama, the campaign blamed McIver. But despite all this supposed sloppiness, Trump has never directed his trademark phrase “You’re fired!” at this loyal employee.)

Rich in Name Only

Huge corporate failures are the stuff of headlines, but Trump’s mistakes in business have included plenty of small deals as well. In 2008, he defaulted on a $640 million construction loan for Trump International Hotel & Tower in Chicago, and the primary lender, Deutsche Bank, sued him. Trump countersued, howling that the bank had damaged his reputation. In a snarky court reply, Deutsche Bank said, “Trump is no stranger to overdue debt.” (The suit was ultimately resolved, with Deutsche Bank extending the terms of the loan; another lender, Fortress Investment Group, had to suck up losses from its foray into Trump’s Chicago project.)

Trump has also based huge projects on temporary business trends. For example, for a few years during the George W. Bush administration, wealthy expatriates from around the Middle East flocked to Dubai. In response, Trump launched work on a 62-story luxury hotel and apartment complex on an artificial island shaped like a palm tree. But, as was predictable from the start, there were only so many rich people willing to travel to the United Arab Emirates, so the flood of wealthy foreigners into the country slowed. The Trump Organization was forced to walk away from the project, flushing its investments in it.

Beginning in 2006, Trump decided to take a new direction and basically cut back on building in favor of selling his name. This led to what might be called his nonsense deals, with Trump slapping his name on everything but the sidewalk, hoping people would buy products just because of his brand.

Trump hosted a glitzy event in 2006 touting Trump Mortgage, then proclaimed he had nothing to do with managing the firm when it collapsed 18 months later. (Trump tried again, rechristening the failed entity as Trump Financial. It also failed.) That same year, he opened GoTrump.com, an online travel service that never amounted to more than a vanity site; the URL now sends searchers straight to the Trump campaign website. Also in 2006, Trump unveiled Trump Vodka, predicting that the T&T (Trump and Tonic) would become the most requested drink in America (he also marketed it to his friends in Russia, land of some of the world’s greatest vodkas); within a few years, the company closed because of poor sales. In 2007, Trump Steaks arrived. After two months of being primarily available for sale at Sharper Image, that endeavor ended; the head of Sharper Image said barely any of the steaks sold.

Amusing as those fiascos are for those of us who didn’t lose money on them, the most painful debacles to witness were many involving licensing agreements Trump sold to people in fields related to real estate. There is the now-infamous Trump University, where students who paid hefty fees were supposed to learn how to make fortunes in that industry by being trained by experts handpicked by Trump; many students have sued, saying the enterprise was a scam in which Trump allowed his name to be used but had nothing else to do with it, despite his claims to the contrary in the marketing for the “school.” The litigation has already revealed plenty of evidence that the endeavor was a scam. Particularly damning was the testimony of former employee Ronald Schnackenberg, who recalled being chastised by Trump University officials for failing to push a near-destitute couple into paying $35,000 for classes by using their disability income and a home equity loan.

Around the country, buyers were led to believe they were purchasing apartments in buildings overseen by Trump, although his only involvement in many cases was getting paid for the use of his brand. For example, in 2009, Trump and a developer named Jorge Pérez unveiled plans for Trump Hollywood, a 40-story oceanfront condominium that they boasted would sell at premium prices and feature such luxuries as Italian cabinetry. But with the entire real estate market imploding, condo buyers were looking for bargains, and sales were minuscule. In 2010, lenders foreclosed on the $355 million project. Even though Trump’s name was listed on the condominium’s website as the developer, he immediately distanced himself from the project, saying he had only licensed his name.

A similarly sordid tale unfolded for Trump Ocean Resort Baja Mexico, a 525-unit luxury vacation home complex that Trump proclaimed was going to be “very, very special.” His name and image were all over the property, and he even personally appeared in the marketing video discussing how investors would be “following” him if they bought into the building. Scores of buyers ponied up deposits in 2006, but by 2009 the project was still just a hole in the ground. That year, the developers notified condo buyers their $32 million in deposits had been spent, no bank financing could be obtained, and they were walking away from the project. Scores of lawsuits claimed the buyers were deceived into believing Trump was the developer. Trump walked away from the deal, saying that if the condo buyers had any questions, they needed to contact the developer—and that wasn’t him, contrary to what the marketing material implied.

The same story has played out again and again. In Fort Lauderdale, Florida, people who thought they were buying into a Trump property lost their deposits of at least $100,000, with Trump saying it was not his responsibility because he had only licensed his name.

Investors in another failed Floridian property, Trump Tower Tampa, put up millions in the project in 2005 believing the building was being constructed by him. Instead, they discovered it was all a sham in 2007, inadvertently from Trump, when he sued the builder for failing to pay his license fees. The investors lost their money, and finally got to hear Trump respond to allegations that he had defrauded them when they sued him. In a deposition, lawyers for the Tampa buyers asked him if he would be responsible for any shoddy construction; Trump responded that he had “no liability” because it was only a name-licensing deal. As for the investors, some of whom surrendered their life savings for what they thought was a chance to live in a Trump property, Trump said they at least dodged the collapse of the real estate market by not buying the apartments earlier.

“They were better off losing their deposit,” he said.

So said the man who now proclaims that Americans can trust him, that he cares only about their needs and their country, that he is on the side of the little guy.

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