Donald's Fiscal Failures | The Odyssey Online
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Donald's Fiscal Failures

It seems even Trump's supposed "business success" is false, as his fraud and debt is displayed over the years.

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Donald's Fiscal Failures

Now that the results are in and Donald Trump is to be America's 45th president, I feel that it is not the time to give up all hope. Those who do not support him know the truth about his character and lack of experience, meaning it is important to continue fighting for what is good and just in this country. As the election progressed months ago, I began writing and doing more research on his business affairs, as there have been so many journalists devoted to revealing his true character and political abilities over the last year.

While there are legitimate moral vacancies in Trump's personal life, I think it is more important to share his fiscal and economic failures rather than his moral ones during such a divisive time in this country's history. While some believe morals and politics connect on many levels it is clear that many people refuse to look into his character and connect it to his extreme and ludicrous stances, and therefore must be provided with facts purely concerning his poor business affairs, and how they have negatively affected thousands of people.

Recently, I read Donald Trump's book Crippled America: How To Make America Great Again. Early on, he begins to defend his political plans by saying "I [would] approach complicated problems such as how to provide health care for most Americans at a price we can afford the same way I solve the toughest business problems. We should hire the most knowledgeable people in the world on this subject and lock them in a room—and not unlock the door until they’ve agreed on the steps we need to take.” It seems, however, Donald would not be in this supposed room, as through his charitable fraud and many business failures, he is far less qualified than he would care to admit.

Concerning his "charity work", supposedly raising money for causes involving issues involving domestic violence, with the intention of giving money to children and families affected by such abuse, it has been shown Donald Trump uses the funds for other, more frivolous purchases and as means to save his own reputation. Over a quarter of a million dollars went to appeasing legal fees- hardly a noble act, and yet further proof of poor business tactics, as he must dig himself out of financial holes rather frequently due to careless business decisions. There are more absurd purchases, however, the most infamous being a $20,000 lifesize portrait of Donald himself, and a signed football helmet that belonged to former Denver Broncos quarterback Tim Tebow. Obviously, there is no honor in squandering money meant for relief being used on unnecessary investments, and more importantly, it is highly illegal to lie about where all this money has gone. David Fahrenthold of The Washington Post wrote "Tax experts say that if Trump hung the painting at one of his homes or businesses, he may have violated laws against "self-dealing." Those laws prohibit charity leaders from using money from their nonprofits to buy things for themselves, or for their businesses. " This man has not even been inaugurated yet, but under multiple charges (both fiscal and personal) he could be impeached. His fraudulent "Trump University" a scam and failed attempt to teach students business tactics guaranteeing fortunes, by handpicked instructors of Trump's choice, is being sued by a couple manipulated into using their "disability income and home equity loan."

Along with unsuccessful philanthropy, future president Donald Trump has certainly not been triumphant in every business endeavor. A man more focused on his brand than the inner workings of business, Trump slaps his name on any pursuit he feels can earn him a small fortune, despite copious failures he has brought upon himself and, more importantly, his employees that receive no later reimbursement. Taking advantage of Native Americans in his wish to buy out casinos across the country in 1993, it seems his journey to being widely hated by minorities began far before this election. He used evidence of "rampant" criminal activity on reservations as reasoning for his desire to buy out their casinos. As he began dominating Atlantic City casinos and the city crumbled rapidly, many business partners walked away and Trump lost the great majority of his investors. He was saved by bankers lending him billions to save him from financial ruin, parallel to his career being kickstarted by assistance from his father. His multiple bankruptcies and apparent debt, however, are difficult to pinpoint, as he is unwilling to release his tax returns, something never withheld by a presidential candidate prior to this election. Donald claims his net worth is solely based on "psychology" and his "personal feelings", a peculiar way to evaluate his pecuniary value, rather than simply sharing the truth behind his great wealth.

So yes, the man who stated in his presidential acceptance speech that he's "reaching out" to the "few people" who previously did not support him in the past, claiming that "the forgotten men and women of our country will be forgotten no longer" will soon be the leader of our country. Good luck with that, Donald. And for the rest of us, we must stick together and serve those with less, because it is clear that Donald will do nothing of the sort.

Godspeed.



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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
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