BillHampReturns wrote:
As an aside, Trump is more successful than anyone he is going up against. Regardless of what Oliver or any other talking head has to say, Trump's success is quite obvious. These stories about bankruptcy or failed university attempts come across as exactly what they are .. desperation. People are tired of politics as usual and if the establishment hasn't caught on, then good riddance.
Trump is successful as a marketer, building a brand and licensing it. There is little evidence that he is actually successful at building and running a business. No matter how successful his opponents have been in business, or havent been, this is worth pointing out as he is currently marketing himself to the American people as a successful businessman, not as a marketer and brand developer.
Having said that, how successful or unsuccessful in business his opponents are is a bit of a red-herring as that is not what they have chosen as a career. They have a record in politics and should be judged on that, they are not the ones attempting to translate their successes in one field to another.
I do find the stories about bankruptcy a bit hollow. I know several people in real estate and it is very common to create single purpose entities for each project. In that scenario, one or more bankruptcies simply means that not every project was successful, not that the overall business was poorly run. Most businesses have projects that fail. As an analogy, Microsoft is a very successful company, but they still had Windows ME and Vista. In a real-estate model, Windows ME and Vista would have each been their own company which went bankrupt, but the umbrella company, Microsoft, would still be considered successful.
On the other hand, the Trump Steaks, and Trump University and Trump etc, are telling, to me. One, they show his business for what it is -- a licensing business and brand development, not real-estate development. Two, as mentioned above, I personally know others in real-estate. For those who are successful, they wouldnt bother with most of this shit, because its not worth their time -- they make more money working on their RE deals. So this really suggests he is not as successful as he claims. Three, part of his claim is that hes very good at picking the right people, but the failures of many of these ventures suggests his record for picking the right people is not as good as he claims it is. He certainly didnt pick the right people to license his name to in Trump Steaks or Trump University.