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Socialism - how ridiculous?!

Discussion in 'GatorNana's Too Hot for Swamp Gas' started by obgator, Feb 21, 2020.

  1. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Do you have any evidence or a link to support that theory?
     
    • Funny Funny x 1
  2. chemgator

    chemgator GC Hall of Fame

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    Not necessarily. New York real estate is a very difficult business to be in. It's feast or famine, which leads to outrageous fortunes and spectacular crashes. Trump never really diversified in any significant way to reduce his exposure to the down side of big city real estate.
     
  3. ursidman

    ursidman GC Hall of Fame

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    During Trump's stewardship, Trump Hotel and Casinos lost big money and went kaput with investors getting pennies on the dollar at a time when its competitors were very successful. However, whilst they were losing money the Donald paid himself $49 million and a private jet. VAg8r1 has posted those charts and graphs many times.
     
  4. ursidman

    ursidman GC Hall of Fame

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    Sometimes its bad only when the other guy does it.

    https://www.washingtonpost.com/opin...H-iz7opoR0ELVTWoF-4RryKdb5MLKwtmS7MtoiuEnBNfE

    Trump loves to red-bait “Crazy Bernie.” Unlike his preferred boogeymen (and boogeywomen) on the far left, though, Trump has actually implemented anti-market, Soviet-style, centrally planned policies, and he has used the power of the state to punish political enemies. He has merely chosen different beneficiaries (and victims) of his Big Government bigfooting.

    With nary a peep from his party, Trump has tried to prop up pet industries, such as coal, by government fiat. Indeed, other Republicans have since copied his strategy at the state level.
    Likewise, in a move that once would have had Republicans screaming bloody murder, Trump has slapped tariffs on virtually every major trading partner around the world to protect favored industries, such as steel. This not only failed to rejuvenate steel but also led to widespread retaliation, including tit-for-tat tariffs aimed at farm country, a key part of the Republican base.

    Trump then decided even more central planning was in order. Again, his party didn’t stop him.
    First, the president unilaterally decided to use taxpayer funds to bail out farmers hurt by his trade wars. When that didn’t work, he did it again. In a tweet Friday, he suggested that a third bailout might yet be necessary.

    If conservatives are genuinely frightened by Sanders’s proposed downward redistribution of wealth, they might consider the sort of redistribution practiced by Trump — in particular, the many ways Trump has used his office to redistribute taxpayer dollars into his own pocket. Just last week, during a tour of western states, Trump elected to fly his entourage back to his hotel in Las Vegas each night rather than stay in the other cities he was visiting. Whatever Sanders’s flaws, at least he doesn’t try to steal everything that’s not nailed down. If you’re a Never Trumper worried that Sanders will take this country down the road to serfdom, beware: President Trump has already paved the path.
     
  5. demosthenes

    demosthenes Premium Member

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    I don’t agree. At minimum NY is no worse than any other market. My company uses the NY construction market to help tide us over during recessions and slowdowns. We’ve had steady work in the city for 20 years including through the “great” recession - in fact we did two of the largest jobs in our history during that time and we’re arguably the premier company in our sector. No, it’s not real estate per se but the NY construction market doesn’t build without an anchor tenant signed on. No one is building on spec.
     
    • Informative Informative x 1
  6. VAg8r1

    VAg8r1 GC Hall of Fame

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    Pure speculation with no real evidence but based on Trump's history of exploiting any opportunity to enrich himself I wouldn't put it beyond him and as president he has the opportunity to manipulate securities markets like no other individual.
     
    • Agree Agree x 1
  7. gatorknights

    gatorknights GC Hall of Fame

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    It's easy to win the bet when you can directly influence the outcome. I wonder who were in short positions yesterday morning. ;):emoji_thinking:
     
  8. avogator

    avogator VIP Member

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    If you attended public school, went to the University of Florida, receive social security and medicare you are a socialist. Get over it
     
    • Agree Agree x 1
  9. gatorpa

    gatorpa GC Hall of Fame

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    Many companies lose millions, shares prices plummet and the CEO's still get paid... See fannie/Freddie and all the big banks during the bubble..
    Look how many MLP's went bankrupt when Oil got crushed in 2015, all their CEO's and boards made out like bandits.
     
    • Like Like x 1
  10. gatorknights

    gatorknights GC Hall of Fame

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    Kenneth Lewis, Angelo Mozillo, Brian Moynihan, and GK agrees. Pull an 80 million going away present, have the shareholders pay to fines, get promoted to new CEO, and told to GTFO while your 401k is down 90% and your 10 figure monthly income is erased. I'm pretty sure this was a set up, because they could short their stock holdings, burn the building down, and then cash out on the short position on top of the 80 million going away prize. Captialism at its finest. Thanks for nothing BOA.
     
    • Winner Winner x 1