Trump Presidency

[GATTACA!]

Shades of Kim Jung-Il shooting a -34 in his first round of golf lol.

How can anyone take this fool seriously?

 

[GATTACA!]

It's a deal that's meant to be an "image cleanser" for those that still believe he's a billionaire. The investors are also going to be retail, so the people buying in that are going to be left holding the bag after the SPAC dumps the stock are going to be Dan and Peggy from Ohio who thought they were being patriots.

At least my puts are going to print. He's gonna pump $DJT to the same fools that bought his NTFs, shoes, etc and then dump it into oblivion.

 

[ulukinatme]

He's obviously had quite a number of business failures, but you'd have to think he's had some successes as well. That kind of goes hand in hand with any big business, you're going to have a number of failures to go with every success. Supposedly 20% of new businesses fail in the first 2 years, 45% in the next 5 years, and 65% in the first 10. Only 25% make it past the 15 year mark. So 3/4 of all businesses don't make it in the long run. With that kind of track record you'd think a lot of people in business would just quit, but that 25% keeps people going and the stubborn ones try to learn from past mistakes and will try again. Whether they do learn or not is another matter.

 

[Irish#1]

View attachment 3055551
Shades of Kim Jung-Il shooting a -34 in his first round of golf lol.

How can anyone take this fool seriously?

Has to be a Caddy Shack joke in there somewhere.

 

[GowerND11]

Has to be a Caddy Shack joke in there somewhere.

It's very Judge Smails-ey

 

[Irish#1]

Looks like the appeals court thought the bond was excessive. Granted an additional 10 days to pay. Trump says he'll have the money.

Trump’s Bond in Civil Fraud Case Is Reduced to $175 Million (Published 2024)

The former president was racing to secure a half-billion-dollar bond, but an appeals court lowered the amount. The surprise decision may help him stave off financial disaster.

www.nytimes.com

Trump news on March 25: Hush money case trial date set, ruling on civil fraud bond deadline

In the civil fraud case, an appeals court ruled former President Donald Trump can pay a smaller bond. In the criminal hush money trial, a judge said jury selection is now set for April 15. Follow here for the latest live news updates.

www.cnn.com

 

[IRISHDODGER]

So an “expert” on CNN told Erin Burnett that Trump’s Mar-A-Lago estate was worth $240M. I thought it was established that it’s only worth $18M? I get real estate valuation is subjective to a point but that’s quite a chasm.

 

[ulukinatme]

Word from liberals last week was that Trump was screwed. He was broke with no way to pay the bond, they were coming for his properties. Now the bond has been cut in half, and this just happened:

Apparently he just posted this on his Instagram

 

[GATTACA!]

Looks like the appeals court thought the bond was excessive. Granted an additional 10 days to pay. Trump says he'll have the money.

Trump’s Bond in Civil Fraud Case Is Reduced to $175 Million (Published 2024)

The former president was racing to secure a half-billion-dollar bond, but an appeals court lowered the amount. The surprise decision may help him stave off financial disaster.

www.nytimes.com

Trump news on March 25: Hush money case trial date set, ruling on civil fraud bond deadline

In the civil fraud case, an appeals court ruled former President Donald Trump can pay a smaller bond. In the criminal hush money trial, a judge said jury selection is now set for April 15. Follow here for the latest live news updates.

www.cnn.com

I don't think they thought it was excessive. I think they knew he had no way of paying it, and I have a feeling the state looked at Trump's assets and determined that even if they fire sold everything they still wouldn't make their full amount back. So better to get something in cash now and still be able to sell off stuff at a later date to get the rest.

He could appeal either way. Paying the $450 million before the appeal just meant that NY couldn't start seizing assets while that was playing out. I'm sure the court would rather not have to seize and start selling things before he loses his last appeal on the 1/1,000,000 chance he actually wins the appeal. Then NY would have to make him whole for everything they already sold plus interest.

 

[GATTACA!]

Word from liberals last week was that Trump was screwed. He was broke with no way to pay the bond, they were coming for his properties. Now the bond has been cut in half, and this just happened:

Apparently he just posted this on his Instagram

No one is surprised by this. He can't sell the his shares or borrow against them for 6 months and the moment he does the stock will plummet to zero. His only option would be to sell his shares at a fixed price to someone like the CCP or Saudi Arabia who don't care that they'd be buying a worthless stock in exchange for influence over him.

 

[GATTACA!]

So an “expert” on CNN told Erin Burnett that Trump’s Mar-A-Lago estate was worth $240M. I thought it was established that it’s only worth $18M? I get real estate valuation is subjective to a point but that’s quite a chasm.

I wonder if that's the projected selling price vs what the return would be minus whatever Trump has leveraged against it?

 

[ulukinatme]

So an “expert” on CNN told Erin Burnett that Trump’s Mar-A-Lago estate was worth $240M. I thought it was established that it’s only worth $18M? I get real estate valuation is subjective to a point but that’s quite a chasm.

It's probably the difference between market value and tax appraised value again, there was a lot of that going on months back. I think the property is valued at $20-30 million by the county, but on the market it's worth a lot more.

 

[TorontoGold]

It's probably the difference between market value and tax appraised value again, there was a lot of that going on months back. I think the property is valued at $20-30 million by the county, but on the market it's worth a lot more.

Trump is assuming the multiple on the resort is around ~20.4x on revenues - assuming that gross revs are ~$30M a year (latest results I found say $21M so I gave him a jump of $9M to be extra conservative) and the value submitted in the FS was $612M.

One valuation service lists hotel valuations at 0.40 to 0.98x, EBTIDA multiples are best but we know Donny doesn't like to disclose financial figures.

So based on the very limited data - a 0.98x multiple on $612M valuation would need to generate $600M in revenue. This is of course ignoring the encumbrances he's placed on the property.

If Trump would put out actual financial statements for the business activity at Mar-a-lago it would help to substantiate any of his claims. Napkin math says he's full of shit and nowhere near his claimed value.

Revenues continue downward slide at Trump's Mar-a-Lago

Revenue at Mar-a-Lago,\u00a0President Trump's private club in Palm Beach, continue to decline since his inauguration in 2017, financial reports show.

www.palmbeachpost.com

'Breathtaking' Mar-a-Lago worth 'over $1 billion,' defense witness tells Trump fraud trial

Trump is accused of deceiving lenders by giving them statements that greatly overstated the values of some of his assets, including Mar-a-Lago

nationalpost.com

 

[ulukinatme]

Trump is assuming the multiple on the resort is around ~20.4x on revenues - assuming that gross revs are ~$30M a year (latest results I found say $21M so I gave him a jump of $9M to be extra conservative) and the value submitted in the FS was $612M.

One valuation service lists hotel valuations at 0.40 to 0.98x, EBTIDA multiples are best but we know Donny doesn't like to disclose financial figures.

So based on the very limited data - a 0.98x multiple on $612M valuation would need to generate $600M in revenue. This is of course ignoring the encumbrances he's placed on the property.

If Trump would put out actual financial statements for the business activity at Mar-a-lago it would help to substantiate any of his claims. Napkin math says he's full of shit and nowhere near his claimed value.

Revenues continue downward slide at Trump's Mar-a-Lago

Revenue at Mar-a-Lago,\u00a0President Trump's private club in Palm Beach, continue to decline since his inauguration in 2017, financial reports show.

www.palmbeachpost.com

'Breathtaking' Mar-a-Lago worth 'over $1 billion,' defense witness tells Trump fraud trial

Trump is accused of deceiving lenders by giving them statements that greatly overstated the values of some of his assets, including Mar-a-Lago

nationalpost.com

He's absolutely full of shit, no question there. I'm just trying to draw a line between the difference in the $200+ million quote difference and the $18-30ish million quote Dodger discussed. I don't think there's a question that he overvalues his properties, no argument there.

 

[TorontoGold]

He's absolutely full of shit, no question there. I'm just trying to draw a line between the difference in the $200+ million quote difference and the $18-30ish million quote Dodger discussed. I don't think there's a question that he overvalues his properties, no argument there.

I think it comes down to seeing the financials. This is a fairly easy case for Trump to win or lose, if he released the financial statements on the property he could get public support easily if he was able to show the EBITDA figures for the underlying valuation. He hasn't and his defenders will stick to a property tax assessment.

The tax assessment is based on the paper value with the encumbrances on the location. In real estate valuations the lower bound figure is always going to be the property tax assessment.

 

[GATTACA!]

Incredible lol

 

[Irish#1]

Nathan Wade resigned from the case after this ruling.

Judge allows Trump to appeal Fani Willis disqualification ruling

Judge Scott McAfee declined to outright disqualify the Fulton County DA.

abcnews.go.com

 

[Irish#1]

C'mon Donnie

Ruby Garcia's sister denies Trump's claim that he spoke to her family

At a campaign event on Tuesday, Trump said that he had spoken to the family of a woman who was allegedly murdered by an undocumented immigrant.

www.nbcnews.com

 

[bobbyok1]

C'mon Donnie

Ruby Garcia's sister denies Trump's claim that he spoke to her family

At a campaign event on Tuesday, Trump said that he had spoken to the family of a woman who was allegedly murdered by an undocumented immigrant.

www.nbcnews.com

Sounds like he made up talking to her family. No need to go down that road, bad move by Trump.

The things he said about her were things others said about Ruby, and he expressed that. Then he threw in "I spoke with some of the family", that is where he crossed the line (if in fact he never did). His team did reach out to the family about coming to the rally in Grand Rapids, MI, but the family declined. So, who knows the full story at this point about how much or little communication there was between Trump, his team and the family. But either way, he messed up saying he talked with them if in fact he didn't.

 

[GATTACA!]

Sounds like he made up talking to her family. No need to go down that road, bad move by Trump.

The things he said about her were things others said about Ruby, and he expressed that. Then he threw in "I spoke with some of the family", that is where he crossed the line (if in fact he never did). His team did reach out to the family about coming to the rally in Grand Rapids, MI, but the family declined. So, who knows the full story at this point about how much or little communication there was between Trump, his team and the family. But either way, he messed up saying he talked with them if in fact he didn't.

When you lie as much as Trump does you lose the right to have benefit of the doubt.

 

[calvegas04]

 

[ulukinatme]

View attachment 3055614

 

[GowerND11]

I always am curious about this. What would Trump have done that Biden didn't to stop war?

 

[ulukinatme]

I always am curious about this. What would Trump have done that Biden didn't to stop war?

It is a bit fishy that Putin didn't bother with Ukraine in the 4 years Trump was in office, but he did while Obama and Biden were active. I don't think anyone fears Biden, I can't say why he still invaded why Obama was there. During his run Trump pushed NATO allies to uphold their commitment to defense spending, and he urged European countries to cut their reliance on Russia for energy (Certainly bit them in the butt in the end). Maybe Putin saw those actions as precursors to conflict or a deterrent, can't say. The fact remains he didn't push the Ukraine invasion while Trump was in office.

 

[GowerND11]

It is a bit fishy that Putin didn't bother with Ukraine in the 4 years Trump was in office, but he did while Obama and Biden were active. I don't think anyone fears Biden, I can't say why he still invaded why Obama was there. During his run Trump pushed NATO allies to uphold their commitment to defense spending, and he urged European countries to cut their reliance on Russia for energy (Certainly bit them in the butt in the end). Maybe Putin saw those actions as precursors to conflict or a deterrent, can't say. The fact remains he didn't push the Ukraine invasion while Trump was in office.

I'll argue that him "stopping it" would be fishy. Biden didn't stop NATO members from contributing more. Biden has been supplying Ukraine with weapons systems and such since the beginning. Biden has encouraged NATO members to provide more.

So short of Biden sending troops (which many have opposed, especially on the right....), I'm not sure how Biden has been directly weak about any of this.

 

[ulukinatme]

I'll argue that him "stopping it" would be fishy. Biden didn't stop NATO members from contributing more. Biden has been supplying Ukraine with weapons systems and such since the beginning. Biden has encouraged NATO members to provide more.

So short of Biden sending troops (which many have opposed, especially on the right....), I'm not sure how Biden has been directly weak about any of this.

What could have been different isn't really relevant when the results speak for themselves. Biden hasn't pushed NATO members to increase their defense spending like Trump did. Biden has sent supplies to Ukraine, you're right, but nothing he's done has deterred or stopped Putin.

 

[TorontoGold]

I'll argue that him "stopping it" would be fishy. Biden didn't stop NATO members from contributing more. Biden has been supplying Ukraine with weapons systems and such since the beginning. Biden has encouraged NATO members to provide more.

So short of Biden sending troops (which many have opposed, especially on the right....), I'm not sure how Biden has been directly weak about any of this.

Not to mention that the Donbas region remained a warzone during the entire Trump presidency. Putin actively engaged in trying to assimilate DPR and LPR into Russia throughout the Trump presidency. He built up forces in the area and actively supported separatists the whole time.

It's like blaming the Great Recession on Obama because he was president during 2008 and 2009. It lacks any sort of context or critical thinking.

 

[GowerND11]

What could have been different isn't really relevant when the results speak for themselves. Biden hasn't pushed NATO members to increase their defense spending like Trump did. Biden has sent supplies to Ukraine, you're right, but nothing he's done has deterred or stopped Putin.

I think it absolutely is relevant. Because the meme is that somehow it would be different if Trump was in office. I don't really think Biden is a particularly good President, but I fail to see where he has failed here.

As Toronto mentions, the Donbas was still active even through Trump's 4 years. So it isn't like Putin and his men weren't spreading propaganda, misinformation, and fighting against Ukrainian backers prior to the actual invasion.

 

[calvegas04]

So would Trump have attacked russia if he was president and invaded Ukraine? Not sure what he did different that kept them from illegally invading?

 

[ulukinatme]

I think it absolutely is relevant. Because the meme is that somehow it would be different if Trump was in office. I don't really think Biden is a particularly good President, but I fail to see where he has failed here.

As Toronto mentions, the Donbas was still active even through Trump's 4 years. So it isn't like Putin and his men weren't spreading propaganda, misinformation, and fighting against Ukrainian backers prior to the actual invasion.

It's not like a hypothetical though "Would it be different if Trump was in office?" He was in office, and Putin didn't invade Ukraine during those 4 years. He did invade during both Obama and Biden's terms. There's no "What if," that's exactly what happened. What we don't know are the reasons. They may have been fishy, or maybe it's purely coincidence, but we won't know the reasons why. We do know Trump pressured NATO to increase that defense spending and cut reliance on Russian energy, so in that respect he wasn't doing Putin any favors.