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I get that businesses fail

Posted on: January 22, 2017 at 17:00:19 CT
TheShoe STL
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And don't have a huge issue with that since there's usually a ton on contributing factors that may or may not have been controllable.

My biggest objection is that it is often used to avoid fulfilling financial obligations. The OP's post shows an obvious pattern that matches a lot of the complaints regarding Trump's enterprises.

Every bankruptcy represents a lot of folks losing a lot of money. Their money, not his.
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Trump debt - meatiger MU - 1/22 16:55:10
     RE: Trump debt - MOCO SON MU - 1/22 17:38:45
          RE: Trump debt - meatiger MU - 1/22 17:56:20
               RE: Trump debt - MOCO SON MU - 1/22 18:03:53
     How many successful companies has he created? - Johnny Utah MU - 1/22 17:26:46
          RE: How many successful companies has he created? - meatiger MU - 1/22 17:55:17
               How many has any previous president created(nm) - tman KC - 1/22 18:48:46
                    RE: How many has any previous president created(nm) - meatiger MU - 1/22 19:35:37
     he now understands the struggles of the average american - dangertim MU - 1/22 17:11:06
     I'm hoping he doesn't cut a bunch of corporate taxes - Hbombtiger STL - 1/22 17:08:30
          He's already said he will cut corporate tax rates(nm) - Mo Texan MU - 1/22 17:21:22
          Depends on where he goes - meatiger MU - 1/22 17:13:59
               But history says it won't. MO cut corporate taxes - Hbombtiger STL - 1/22 17:34:46
                    At the Federal level, it generally does - FootballRefugee MU - 1/22 19:24:02
                    RE: But history says it won't. MO cut corporate taxes - sarasotatiger MU - 1/22 18:30:45
          It's working great for kansas(nm) - TheShoe STL - 1/22 17:11:06
     We don't want him to keep the US govt afloat - ummmm MU - 1/22 17:06:39
          Defaulting on our loans would collapse the world economy(nm) - TheShoe STL - 1/22 17:12:01
               It would cause a temporary downturn for sure. - ummmm MU - 1/22 17:13:44
                    We would survive in a bruised and damaged manner - TheShoe STL - 1/22 17:16:43
                         I highly doubt that. Despite government's draining of the - ummmm MU - 1/22 17:18:53
          That would pretty much kill the economy. Interest rates - SparkyStalcup MU - 1/22 17:08:40
               It would be a drastic, much needed restructuring of an - ummmm MU - 1/22 17:09:36
                    Needed and will happen eventually regardless (nm) - escalade NWMSU - 1/22 17:14:05
                    Completely unnecessary economic suffering and pain - SparkyStalcup MU - 1/22 17:13:00
                         It is absolutely needed, and it will absolutely come. - ummmm MU - 1/22 17:15:26
                              Your plan calls for an economic disaster, and an unncessary - SparkyStalcup MU - 1/22 17:19:05
                                   My plan does not call for anything. But, yes, if the US - ummmm MU - 1/22 17:20:56
                                   Also likely to spark more wars. (nm) - tigerspy MU - 1/22 17:20:27
     Assuming he broke no law in the process, it - GA Tiger MU - 1/22 17:03:15
          So...let's make a bunch of deals - meatiger MU - 1/22 17:06:29
               Only those aren't deals. They're mostly unilateral - GA Tiger MU - 1/22 18:05:18
     I get that businesses fail - TheShoe STL - 1/22 17:00:19
          Which is part of the free market - to the extent it is. - GA Tiger MU - 1/22 17:02:34
               I assume you pay your bills - TheShoe STL - 1/22 17:08:02
                    Only to the extent individuals were hurt or lost jobs from - GA Tiger MU - 1/22 17:11:40
                         LOL - meatiger MU - 1/22 17:15:36
                              Somewhat like people who cause an accident, people - GA Tiger MU - 1/22 18:11:12
                         Unfortunately it's a little more complicated - TheShoe STL - 1/22 17:15:35
                    you are comparing paying your cable bill - Butcher of Bakersfield STL - 1/22 17:09:29
               And under those circumstances - meatiger MU - 1/22 17:07:14
               there is a reason it is called risk - Butcher of Bakersfield STL - 1/22 17:03:39
     Unfortunately, he can't just declare CH 11 for the US Govt - tigerdb MU - 1/22 16:58:56
          The Obama federal debt is $20 trillion genius - El Zorro MU - 1/22 17:01:21
          Except that the US govt has no problems paying back its - SparkyStalcup MU - 1/22 17:00:38
               The US govt cannot repay any of its debt. - ummmm MU - 1/22 17:08:32
                    It can repay all of it. Taxes are not theft. nm - SparkyStalcup MU - 1/22 17:14:14
                         Taxes absolutely are theft. - pickle MU - 1/22 18:53:00
                         "It" does not repay anything. It steals money from people - ummmm MU - 1/22 17:16:48
               Really. Wait'll the rest of the world decides - GA Tiger MU - 1/22 17:05:00
               Obama has us $20 trillion in the hole sparky - El Zorro MU - 1/22 17:02:33
                    If his policies are enacted, the deficit and the debt will - SparkyStalcup MU - 1/22 17:05:08
                         We shall see won't we? - El Zorro MU - 1/22 17:48:10
     How much is he in debt now.... - Logan BAMA - 1/22 16:57:32
          You do know that bankruptcy eliminates debt? - Mo Texan MU - 1/22 17:02:30
               Not always. Chapter 13 simply restructures debt, and - SparkyStalcup MU - 1/22 17:06:58
                    Understand, but regardless it eliminates some of the debt - Mo Texan MU - 1/22 17:15:02
                         Again, not always, but it certainly eliminated a lot of - SparkyStalcup MU - 1/22 17:17:21
               Ask again...how much is he worth now? (nm) - Logan BAMA - 1/22 17:04:52
                    No one knows as he has not disclosed his debt or his - Mo Texan MU - 1/22 17:08:22
                         Yes, he has conveniently kept that hidden, hasn't he? I - SparkyStalcup MU - 1/22 17:20:08
                              Exactly, he is biggly out of character on this(nm) - Mo Texan MU - 1/22 17:34:46
     Golly gee he is just SO good (nm) - raskolnikov MU - 1/22 16:56:00




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