Trump Presidency

[NorthDakota]

If a dude owed me $420 million and that dude got Covid, I'd be pretty damn nervous.

Lol you probably wouldn't. Do you know how big Deutsche Bank is?

 

[Rogue219]

Lol reminds me of going to Nashville and being served fried chicken for breakfast like every day...how can you survive years of that diet???

Speaking of Nashville, more positive tests for the Titans.

Wouldn't want to be near them or the White House right about now.

Then again, I've been wearing a mask for six months when I go out and not being a twat.

 

[Rogue219]

Lol you probably wouldn't. Do you know how big Deutsche Bank is?

Sure, but to a peon like me, that's a lot of money. Certainly a lot of leverage to have on someone.

Or, you know, President of the United States.

 

[PraetorianND]

Sure, but to a peon like me, that's a lot of money. Certainly a lot of leverage to have on someone.

Or, you know, President of the United States.

You’re thinking of it as leverage in the manipulation sense. It’s not. It’s not like they come break his knees if he doesn’t pay up or something. I’ve dealt in very large deals for a very long time and loaning someone money is a bigger risk for the loaner than the loanee. There are basically infinite protections available for the loanee, which forces the loaner to heavily scrutinize to whom they lend. If they don’t get paid back that’s their bad for giving someone money that they shouldn’t have.

 

[Luckylucci]

Aren't the loans, loans against his commercial properties?

I'll add I haven't went through and read in much detail on the situation but I thought they were.

 

[NorthDakota]

Aren't the loans, loans against his commercial properties?

I would imagine they are in some way.

 

[Legacy]

The hairstylist for The Apprentice got $70,000 per Trump's tax return. Without further credits or deductions or further income from other sources, the hairstylist would pay $5,029 in federal taxes. Unemployment compensation, assuming they could not work due to the economic consequences of the coronavirus, would depend on what state they lived in, of course, as well as state taxes.

https://www.calcxml.com/calculators...0&Dispatch=submit&skn&mobileEnabled=1#results

 

[Luckylucci]

If they are, the cash flow from the properties just pays for the debt service and then some. When the debt comes due, as long as the properties are healthy/occupied, there will be plenty of people willing to re-finance the debt. It's not like the 420M comes due and Trump has to cut a check for 420M. That's not how that works, at all.

There is also value in the properties. So how much is 420M in relation to the value of the properties. It's called Loan-To-Value. If the Loan to Value is reasonable or low, it's a nothing burger, as explained below.

There was a thread on twitter with a lady that explained it fairly well. I'll post them. FWIW, I haven't fact checked the numbers that she's using but this is how commercial real estate works.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Folks in the media are claiming that bc Trump has more than $400MM in loans maturing over the next few years, he is facing massive defaults and will consequently be desperate to cut a deal. <br><br>One the the deals journalists have been referencing is a $100MM loan on Trump Tower (1/) <a href="https://t.co/qHSrzsOOna">https://t.co/qHSrzsOOna</a></p>— Molly Prince �� (@mollyfprince) <a href="https://twitter.com/mollyfprince/status/1310682295733452802?ref_src=twsrc%5Etfw">September 28, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I'm not going to post all of them but she starts a thread and has multiple tweets on the topic.

 

[TorontoGold]

If they are, the cash flow from the properties just pays for the debt service and then some. When the debt comes due, as long as the properties are healthy/occupied, there will be plenty of people willing to re-finance the debt. It's not like the 420M comes due and Trump has to cut a check for 420M. That's not how that works, at all.

There is also value in the properties. So how much is 420M in relation to the value of the properties. It's called Loan-To-Value. If the Loan to Value is reasonable or low, it's a nothing burger, as explained below.

There was a thread on twitter with a lady that explained it fairly well. I'll post them. FWIW, I haven't fact checked the numbers that she's using but this is how commercial real estate works.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Folks in the media are claiming that bc Trump has more than $400MM in loans maturing over the next few years, he is facing massive defaults and will consequently be desperate to cut a deal. <br><br>One the the deals journalists have been referencing is a $100MM loan on Trump Tower (1/) <a href="https://t.co/qHSrzsOOna">https://t.co/qHSrzsOOna</a></p>— Molly Prince �� (@mollyfprince) <a href="https://twitter.com/mollyfprince/status/1310682295733452802?ref_src=twsrc%5Etfw">September 28, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I'm not going to post all of them but she starts a thread and has multiple tweets on the topic.

This.

If the loans are with reputable banks and not Igor from chechnya, it's not like they're going to call them and refuse to re-finance. Maybe they can squeeze him for a basis points on the next deal, but I think he should be solvent enough to maintain payments towards them.

 

[Rogue219]

Senator Mike Lee, stand back and stand by, you've tested positive for Covid 19.

 

[PraetorianND]

The hairstylist for The Apprentice got $70,000 per Trump's tax return. Without further credits or deductions or further income from other sources, the hairstylist would pay $5,029 in federal taxes. Unemployment compensation, assuming they could not work due to the economic consequences of the coronavirus, would depend on what state they lived in, of course, as well as state taxes.

https://www.calcxml.com/calculators...0&Dispatch=submit&skn&mobileEnabled=1#results

So two things here -

1) This demonstrates how LITTLE people actually pay in taxes. 70k is way more than the median income in the US. Effective tax rate of 7%? People need to stop bitching so much. Like I said, most people pay nearly nothing in Federal taxes. Also, you can thank Trump for this for doubling the standard deduction and reducing all rates.

2) You’re assuming this hair stylist didn’t have any carry forward losses. If she did, she would also pay zero.

 

[NorthDakota]

This.

If the loans are with reputable banks and not Igor from chechnya, it's not like they're going to call them and refuse to re-finance. Maybe they can squeeze him for a basis points on the next deal, but I think he should be solvent enough to maintain payments towards them.

My understanding is a lot of it is with Deutsche.

The funny thing is, if/when he refinances it or whatever, there will be a bunch of rubes in the media/twitter spreading conspiracy theories about how a normal thing to do like that is suddenly evidence of Russian help or something lol

 

[Legacy]

So two things here -

1) This demonstrates how LITTLE people actually pay in taxes. 70k is way more than the median income in the US. Effective tax rate of 7%? People need to stop bitching so much. Like I said, most people pay nearly nothing in Federal taxes. Also, you can thank Trump for this for doubling the standard deduction and reducing all rates.

2) You’re assuming this hair stylist didn’t have any carry forward losses. If she did, she would also pay zero.

Right. We don't know how the money was paid, through the Apprentice or if the haristylist had a LLC or pass-through, etc. But assuming personal expenses were paid by Donald since he claimed it on his personal federal taxes, I am concerned that the hairstylist may be underreporting his income and need an audit. The Apprentice can't be his only source of income.

The $71 million Trump got from the IRS, which is now be disputed by them, was "harvested" for profits. Could he be making money off that?

Sure. The small businesses that reportedly were stiffed by Trump for work for him could declare losses, right?

https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454

 

[Polish Leppy 22]

I'd spend more time and energy focused on how people in Congress, many of whom never worked in the private sector, make $150k to $170k end up having net worth in the millions.

Let's take a deep dive into that swamp.

 

[dublinirish]

<blockquote class="twitter-tweet"><p lang="und" dir="ltr"><a href="https://t.co/V3kSLogoDP">pic.twitter.com/V3kSLogoDP</a></p>— Mike Lee (@SenMikeLee) <a href="https://twitter.com/SenMikeLee/status/1312055257992753152?ref_src=twsrc%5Etfw">October 2, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[RDU Irish]

If they are, the cash flow from the properties just pays for the debt service and then some. When the debt comes due, as long as the properties are healthy/occupied, there will be plenty of people willing to re-finance the debt. It's not like the 420M comes due and Trump has to cut a check for 420M. That's not how that works, at all.

There is also value in the properties. So how much is 420M in relation to the value of the properties. It's called Loan-To-Value. If the Loan to Value is reasonable or low, it's a nothing burger, as explained below.

There was a thread on twitter with a lady that explained it fairly well. I'll post them. FWIW, I haven't fact checked the numbers that she's using but this is how commercial real estate works.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Folks in the media are claiming that bc Trump has more than $400MM in loans maturing over the next few years, he is facing massive defaults and will consequently be desperate to cut a deal. <br><br>One the the deals journalists have been referencing is a $100MM loan on Trump Tower (1/) <a href="https://t.co/qHSrzsOOna">https://t.co/qHSrzsOOna</a></p>— Molly Prince �� (@mollyfprince) <a href="https://twitter.com/mollyfprince/status/1310682295733452802?ref_src=twsrc%5Etfw">September 28, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

I'm not going to post all of them but she starts a thread and has multiple tweets on the topic.

It's really conceptually similar to a mortgage - except commercial is primarily balloon notes versus traditional 30 year fixed. Is it that people are so financially illiterate or are they being willfully obtuse to rail on someone they don't like? If you owe $100,000 on a $400,000 house you hold a strong equity position. If you owe $1b on $4B worth of real estate you are likewise in a strong equity position.

Bigger strain on Trump's pocket book has to be hotels sucking wind right now. Work from home trends stand to pressure office rents, lots of potential problems in commercial real estate right now, IMO.

 

[Rogue219]

I'd spend more time and energy focused on how people in Congress, many of whom never worked in the private sector, make $150k to $170k end up having net worth in the millions.

Let's take a deep dive into that swamp.

Many of them are already millionaires when they get there. It is a revolving door of lobbyists to Congress people and Congress people to lobbyists.

In 2018, my congressman had been in since 2006. He lost, and now he's lobbying.

The guy who replaced him is a millionaire who prior to being elected was a lobbyist.

Never ends, my friend.

 

[Bluto]

I watched that interview where the Proud Boy explained that to the CNN reporter intent on pushing the narrative that they were racist & then sexist. The PB representative stood his ground, remained calm & debunked her rhetoric. He also happens to be of Cuban descent. Again, they seem to be some para-military boys club vs the 2nd coming of the KKK.

The only folks I’ve seen advocating for anything close to the primacy of Europeans lately is when Bernie & other Leftists touting Scandinavian countries’ healthcare & trying to raise them up as the epitome of “Democratic Socialism” (even though they themselves reject that label).

Anyways, all will be well come January 2021 when Les Miles & his jack-booted sidekick take the oath of office.

https://www.adl.org/resources/backgrounders/proud-boys-0

“During an October 2018 brawl outside the Metropolitan Republican Club in Manhattan, for which two Proud Boys members were convicted and sentenced to substantial prison terms, and seven others pled guilty, the Proud Boys were joined by the 211 Bootboys, an ultra-nationalist and violent skinhead gang based in New York City. In October 2019, members of the Denver chapter of the Proud Boys marched with members of Patriot Front and former members of the now-defunct neo-Nazi group Traditionalist Worker Party. These relationships show the Proud Boys to be less a pro-western drinking club and more an extreme, right-wing gang.”

“McInnes announced the foundation of the group, describing its members as ‘Western chauvinists who refuse to apologise [sic] for creating the modern world’ ”

Interesting take by the ADL. The thing about groups like the Proud Boys is that once morons like Mciness (who is Canadian ironically enough) let the belligerent, fascist genie out of the bottle it tends to be hard to control.

 

[TorontoGold]

https://www.adl.org/resources/backgrounders/proud-boys-0

“During an October 2018 brawl outside the Metropolitan Republican Club in Manhattan, for which two Proud Boys members were convicted and sentenced to substantial prison terms, and seven others pled guilty, the Proud Boys were joined by the 211 Bootboys, an ultra-nationalist and violent skinhead gang based in New York City. In October 2019, members of the Denver chapter of the Proud Boys marched with members of Patriot Front and former members of the now-defunct neo-Nazi group Traditionalist Worker Party. These relationships show the Proud Boys to be less a pro-western drinking club and more an extreme, right-wing gang.”

“McInnes announced the foundation of the group, describing its members as ‘Western chauvinists who refuse to apologise [sic] for creating the modern world’ ”

Interesting take by the ADL. The thing about groups like the Proud Boys is that once morons like Mciness (who is Canadian ironically enough) let the belligerent, fascist genie out of the bottle it tends to be hard to control.

But they're the exact same as Bernie! The guy who wants healthcare for everyone is just like the group who has an initiation rule to assault people.

 

[dublinirish]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Always remember the survival rates of this virus per the CDC.<br><br>0-19: 99.997%<br>20-49: 99.98%<br>50-69: 99.5%<br>70 & over: 94.6%<br><br>I would put POTUS in the 20-49 category due to his strength and stamina.<br><br>Retweet if you agree.</p>— Dr. David Samadi, MD (@drdavidsamadi) <a href="https://twitter.com/drdavidsamadi/status/1312067213105471499?ref_src=twsrc%5Etfw">October 2, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

haha i thought for sure this was a parody account

 

[Irish#1]

Offshore betting odds off the board now. Before the announcement, they had spiked to the highest pro-Biden odds to date.

Most importantly, I hope that everyone in the Trump administration -- as well as those exposed at the debate, Cleveland Clinic, and his fundraiser yesterday -- come through this in good health. There are a lot of ghouls out there reveling in the irony of the situation.

Assuming that happens, this is a brand new race and everyone needs to reset their expectations. The one thing Donald Trump has not been for four years is a "sympathetic" character.

CNN is lapping it up. Says we're now in a national security crisis.

raising the grave possibility of more American crises over governance and national security at an already perilous moment.

I'm of the mind this probably won't help him in the polling numbers, but I'm curious to see what the polls show in about a week.

 

[Irish#1]

The hairstylist for The Apprentice got $70,000 per Trump's tax return. Without further credits or deductions or further income from other sources, the hairstylist would pay $5,029 in federal taxes. Unemployment compensation, assuming they could not work due to the economic consequences of the coronavirus, would depend on what state they lived in, of course, as well as state taxes.

https://www.calcxml.com/calculators...0&Dispatch=submit&skn&mobileEnabled=1#results

Nobody cares about the hair stylist.

 

[Irishize]

“During an October 2018 brawl outside the Metropolitan Republican Club in Manhattan, for which two Proud Boys members were convicted and sentenced to substantial prison terms, and seven others pled guilty, the Proud Boys were joined by the 211 Bootboys, an ultra-nationalist and violent skinhead gang based in New York City. In October 2019, members of the Denver chapter of the Proud Boys marched with members of Patriot Front and former members of the now-defunct neo-Nazi group Traditionalist Worker Party. These relationships show the Proud Boys to be less a pro-western drinking club and more an extreme, right-wing gang.”

“McInnes announced the foundation of the group, describing its members as ‘Western chauvinists who refuse to apologise [sic] for creating the modern world’ ”

Interesting take by the ADL. The thing about groups like the Proud Boys is that once morons like Mciness (who is Canadian ironically enough) let the belligerent, fascist genie out of the bottle it tends to be hard to control.

Like you said that’s the ADL’s take. And we’ve heard from Toronto’s infallible unbiased source LOL.

I think you’re source touches on the surface of what happened. Watch the link below and you’ll get the entire story behind it which is hilarious when you see how it evolved. I agree On your last statement...spot on...McInness bit off more than he could chew by not realizing his little drinking club blew up & went viral. As Rogan says, “when you start a club w/ no membership screening, you’re gonna get some whack jobs & that’s who will get the attention”. People give idiots waaaay too much credit but the media has to have their bogeyman.

<iframe width="560" height="315" src="https://www.youtube.com/embed/TFaK6N5mz2U" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

 

[ACamp1900]

Can Bluto, Legacy and Toronto PM me their addresses?? I just saw an ad for the Trumpy Bear and want to send y’all a nice gift....

 

[PraetorianND]

CNN is lapping it up. Says we're now in a national security crisis.



I'm of the mind this probably won't help him in the polling numbers, but I'm curious to see what the polls show in about a week.

Of course they are. Fake news media has been saying that for one reason or another since Trump was elected.

Remember when RBG had cancer 25 times and the Left said to leave her alone so she could do her job. They definitely won’t do that for POTUS.

They’re just a bunch of hypocrites, non-stop. It’s not even worth acknowledging at some point.

 

[PraetorianND]

<iframe width="560" height="315" src="https://www.youtube.com/embed/rGEZQzXqifE" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Sorry for the out of context post. A couple people asked me to share this video in reps.

This is the Hillary getting tossed into a van like a side of beef video. I think they said she had heat stroke or something. There was even a shoe left behind on the sidewalk if I remember correctly.

 

[dublinirish]

Of course they are. Fake news media has been saying that for one reason or another since Trump was elected.

Remember when RBG had cancer 25 times and the Left said to leave her alone so she could do her job. They definitely won’t do that for POTUS.

They’re just a bunch of hypocrites, non-stop. It’s not even worth acknowledging at some point.

remember when Trump mad fun of Hilary's health though

 

[PraetorianND]

remember when Trump mad fun of Hilary's health though

Ya, I didn’t think that was very cool. It’s fine for me to do it, but the president shouldn’t.

 

[dublinirish]

Ya, I didn’t think that was very cool. It’s fine for me to do it, but the president shouldn’t.

you hold CNN to higher standards than to the POTUS it seems

 

[TorontoGold]

Can Bluto, Legacy and Toronto PM me their addresses?? I just saw an ad for the Trumpy Bear and want to send y’all a nice gift....

Sorry can't give away the Antifa HQ address!