Author Topic: Art of the Deal  (Read 18859 times)

LC

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Art of the Deal
« on: December 29, 2018, 10:24:50 AM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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Parsad

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Re: Art of the Deal
« Reply #1 on: December 31, 2018, 06:11:53 PM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".

He is not a good deal maker.  He uses threats and litigation in his business, and he does the same as President...if I don't get what I want, I will shut the government down.  Cheers!
No man is a failure who has friends!

Orchard

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Re: Art of the Deal
« Reply #2 on: January 01, 2019, 07:43:06 AM »
I'm not a Trump fan. I quite dislike him.

Nonetheless I took some time to study the guy since he's now everywhere and in the late 80s he had quite a presence in the stock market as well.

His first deal seems to have been the Commodore Hotel. He got a large tax abatement from the city and partnered with Pritzker to put the Grand Hyatt banner on it. At the time he was in his twenties and I'm sure a lot of people would have loved to re-develop that hotel. On the other hand it's not clear to me that his return was that remarkable on it. I think Pritzker made a lot more on it than he did.

The next deal was the Trump Tower. He still got a large tax abatement from the city by suing them (Roy Cohn was the lawyer). However, the real deal here was purchasing the site. You would think that a lot of people were interested in it but he was ultimately the one that got it.

Personally, I think these were quite remarkable deals. Other than that the Mar A Lago purchase was shrewd in a more sinister way.

After this I didn't find any deals that impressed me.

I can see how these deals would build up quite a reputation in the real estate industry. It's obviously a stretch to believe that this would translate to other fields.

I have some friends who played high level sports when they were young and still talk about it today, 20 years later. If you listen to them it sounds like it all happened just this morning but you know they haven't done anything in years (think LaVar Ball). He reminds me of those people.

ERICOPOLY

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Re: Art of the Deal
« Reply #3 on: January 01, 2019, 10:26:21 AM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".

He is not a good deal maker.  He uses threats and litigation in his business, and he does the same as President...if I don't get what I want, I will shut the government down.  Cheers!

He is financially harming the Federal workers (shooting the hostages) until he gets his way.


Parsad

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Re: Art of the Deal
« Reply #4 on: January 01, 2019, 06:48:00 PM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".

He is not a good deal maker.  He uses threats and litigation in his business, and he does the same as President...if I don't get what I want, I will shut the government down.  Cheers!

He is financially harming the Federal workers (shooting the hostages) until he gets his way.

Although he would describe it as "flesh wounds"!  Cheers!
No man is a failure who has friends!

Gregmal

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Re: Art of the Deal
« Reply #5 on: January 01, 2019, 07:00:21 PM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".

He is not a good deal maker.  He uses threats and litigation in his business, and he does the same as President...if I don't get what I want, I will shut the government down.  Cheers!

He is financially harming the Federal workers (shooting the hostages) until he gets his way.

Although he would describe it as "flesh wounds"!  Cheers!

While I'm sure there are some great folks(I know plenty who are), these are also in many cases folks who get paid well with great pensions and benefits, for doing easy stuff from 9-4 with a 2 hour lunch break....

If our real blood and sweat workers like farmers(who by the way don't make great money, don't have pensions, and usually pay their own health insurance) can take one on the chin to fix some problems and improve the country, so can they....

wescobrk

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Re: Art of the Deal
« Reply #6 on: January 01, 2019, 08:19:21 PM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".

He is not a good deal maker.  He uses threats and litigation in his business, and he does the same as President...if I don't get what I want, I will shut the government down.  Cheers!

I'm not a Trump supporter, but Obama did the same thing as a senator. He voted to shut down the government and not fund it when W was in office.

Parsad

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Re: Art of the Deal
« Reply #7 on: January 01, 2019, 11:14:40 PM »
I saw a comment recently that made me think - one of the traits people claimed Trump had was the ability to make a deal.

I am curious how those who voted for/support him view this in light of the government shut down, and Trump's inability to convince (1) Mexico (2) A Republican Congress, to pay for one of his most memorable promises - the "wall".

He is not a good deal maker.  He uses threats and litigation in his business, and he does the same as President...if I don't get what I want, I will shut the government down.  Cheers!

I'm not a Trump supporter, but Obama did the same thing as a senator. He voted to shut down the government and not fund it when W was in office.

And two wrongs don't make a right.  If Trump is trying to distinguish himself from Obama, he should learn from Obama's mistakes...not repeat them.  Cheers!
No man is a failure who has friends!

LC

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Re: Art of the Deal
« Reply #8 on: January 02, 2019, 09:59:04 AM »
And let’s not forget the last shutdown was over 3.4 billion for healthcare - something which actually benefits people’s lives. Apparently at the time Republicans thought we couldn’t afford that- but 5B for a wall that won’t work, apparently that is totally affordable.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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LC

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Re: Art of the Deal
« Reply #9 on: January 02, 2019, 10:04:54 AM »
Here’s the problem with this wall, these are two comments I saw but IMHO explain (1) the situation and (2) the reason why.


Planet Money did a podcast on the feasibility of building the wall and from most accounts its doable but it would be extremely expensive.

First you need to acquire all the land needed to build the wall and some areas sit on private property.
Second you need to build an infrastructure of roads and other infrastructure structures just to be able to reach some of the remote areas to build the wall.
Third you need to actually build the wall.
And finally you need to maintain the wall which is estimated to cost up to three times the cost of the actual wall.
This doesnt take into account the inevitable lawsuits, funding issues, government waste, etc.

If you really want to secure the entire border. The better idea is a series of drones and ground sensors. While improving the walls of the areas that are most commonly crossed.



The problem for Trump is that "The Wall" was never about how effective (or cost-effective) it would be. It was about what he has been about his entire life: building large gaudy shit and putting his name on it. That's why it was his go-so solution and the centerpiece of his campaign. You can't put "TRUMP" on a ground sensor and stand in front of it so everyone can see how big and not-Toad-shaped your dick is. He wants something big and physical that everyone has to say is the Trump Thing of Trump Made By Trump.

Nothing about how important this is to him has to do with efficacy. It's 100% about ego and symbolism.
"Lethargy bordering on sloth remains the cornerstone of our investment style."
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