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Is it appropriate for the President of the United States to issue orders to private companies?

Revoltingest

Pragmatic Libertarian
Premium Member
People have certainly tried. We do know that in the 80’s when Trump became famous for his financial success he was actually deeply in debt and losing money at a staggering rate.
Again I've the question....
Was this him personally or some or all of the LLCs & corporations bearing his name?
Currently Trump is doing everything in his power to prevent exposure of his personal and business financial records. If this matters to you, you will be glad that he is likely to lose that fight.
Fighting to prevent public disclosure is proof only of fighting to prevent public disclosure.
Btw, I highly recommend reading the book “Trumped” by Jack O’Donnell.

https://www.amazon.com/Trumped-Insi...d=1566651737&s=gateway&sprefix=Trumped&sr=8-1

It is written by a top executive of one of Tump’s bankrupted casinos. This is someone who worked closely with Trump and knows how he does business. It is a fascinating and informative read.
Is there anything in there which addresses the issue of estimating financial success?
 

columbus

yawn <ignore> yawn
Again I've the question....
Was this him personally or some or all of the LLCs & corporations bearing his name?
Well, Trump got rich.
The banks and investors and employees and contractors got the shaft.

You tell me if you think that this demonstrates business brilliance or the ability to hire expensive lawyers and advisors, and the ruthlessness to use them in a profoundly unethical way.

And now Trump doesn't want anyone to know what he really did, or how much he's worth. He's been as careful as a mob boss.

So what do you think and why? I think he's a criminal, myself. A criminal with really good lawyers.
And a Christian.
Tom
 

Revoltingest

Pragmatic Libertarian
Premium Member
Well, Trump got rich.
The banks and investors and employees and contractors got the shaft.

You tell me if you think that this demonstrates business brilliance or the ability to hire expensive lawyers and advisors, and the ruthlessness to use them in a profoundly unethical way.

And now Trump doesn't want anyone to know what he really did, or how much he's worth. He's been as careful as a mob boss.

So what do you think and why? I think he's a criminal, myself. A criminal with really good lawyers.
And a Christian.
Tom
I've already posted criticism of his unethical business practices.
But this conversation was about financial success.
 

columbus

yawn <ignore> yawn
I've already posted criticism of his unethical business practices.
But this conversation was about financial success.
Are you suggesting that those are separate things?

If, as I believe, Trump has had little business success but can hire lawyers and accountants and advisors who can (semi-legally) shovel massive amounts of money into his accounts, would that still be your idea of successful business?

Name recognition and business acumen were his only credentials when he ran for president and you voted for him. If his business acumen is as poor and unethical as it looks like, would you still have voted for him? Would you do it again? Would you encourage others to do so?

Why?
Tom
 

Revoltingest

Pragmatic Libertarian
Premium Member
Are you suggesting that those are separate things?
Other posters & I were discussing measures of financial success.
You introduced business ethics.
They are not the same.
.....would you still have voted for him? Would you do it again? Would you encourage others to do so?
You keep wanting to re-live the election.
I've covered every aspect of my vote already.
I suspect you've nothing new to cover.
 

columbus

yawn <ignore> yawn
Other posters & I were discussing measures of financial success.
You introduced business ethics.
They are not the same.
That's not how I remember it.

I've already posted criticism of his unethical business practices.
But this conversation was about financial success.
I don't see that making money with unethical business practices is the same as financial success.
If you do, we could talk about the billionaire Columbian drug lords. They're probably worth more than Trump. Heck, they practically bought a country worth a lot more than Puerto Rico or Greenland.

But I can't help noticing that Trump will claim things that aren't true, and he claims to be worth billions. Well, so did Bernie Madoff. And Kenneth Lay(of Enron fame).
Tom
 

Revoltingest

Pragmatic Libertarian
Premium Member
That's not how I remember it.

I don't see that making money with unethical business practices is the same as financial success.
If you do, we could talk about the billionaire Columbian drug lords. They're probably worth more than Trump. Heck, they practically bought a country worth a lot more than Puerto Rico or Greenland.

But I can't help noticing that Trump will claim things that aren't true, and he claims to be worth billions. Well, so did Bernie Madoff. And Kenneth Lay(of Enron fame).
Tom
When joining an ongoing conversation, tis best to
have read it all before jumping in with objections.
 

Revoltingest

Pragmatic Libertarian
Premium Member
I suppose that's the best you can do.
Bob and weave, rather to explain what you mean by "financial success".
Bless your heart.
You misunderstand things, & then complain that it's my fault.
One might say that you're doing the "bob & weave" by
ignoring the theme of the conversation you barged into.

Are you trying to make your fellow liberals look bad by poeing?
Well, I won't judge Fantome or others by someone else's antics.
 

Salvador

RF's Swedenborgian
If he had invested his inheritance in the S& P 500, he would be far wealthier than he claims to be now.

He's not a financial success; he's mediocre and happened to be born rich.

Without knowing when and how much money Donald received from his father, a comparison analysis of how much wealth Donald J. Trump would have accumulated by investing in a Standard and Poor's 500 index fund in comparison with how he actually invested his inheritance can't be determined.
 

9-10ths_Penguin

1/10 Subway Stalinist
Premium Member
Without knowing when and how much money Donald received from his father, a comparison analysis of how much wealth Donald J. Trump would have accumulated by investing in a Standard and Poor's 500 index fund in comparison with how he actually invested his inheritance can't be determined.
But we do know how much... or at least we know a minimum amount:

Decades of Trump’s inheritance fail to explain how he’s funding mysterious cash purchases

Based on that minimum amount, he underperformed the market. If he inherited more, then he underperformed even more.
 

columbus

yawn <ignore> yawn
Bless your heart.
You misunderstand things, & then complain that it's my fault.
Feel free to explain the difference between getting rich through financial success and getting rich through unethical business practices.
I see those as very different things. Kenneth Lay, Bernie Madoff, a bunch of drug lords, Chinese Communists, etc. all seem to have something in common with Trump. Unethical business practices.

You seem to think that is the same as business success. I don't. I think that business success means doing something beneficial and getting compensated. Not just stealing and getting away with it.

Maybe that's why you're so much more capitalist than I am.
Tom
 

Salvador

RF's Swedenborgian
But we do know how much... or at least we know a minimum amount:

Decades of Trump’s inheritance fail to explain how he’s funding mysterious cash purchases

Based on that minimum amount, he underperformed the market. If he inherited more, then he underperformed even more.

I've inherited a small fortune from by grandfather. I've invested about a quarter of this in indexed market funds and another quarter of this in an individualized stock portfolio , the other half I've used to buy a house and car. I wouldn't expect anyone else either to invest every dollar of his/her inheritance in the stock market.
 

Wandering Monk

Well-Known Member
Is it appropriate for the President of the United States to issue orders to private companies?

I particularly want to hear from our conservative and libertarian members on this. Would it bother you if a U.S. President started giving orders to private companies regarding how they do business, who they do business with etc? Is it ok for the government to take control of the means of production through a President decree?

https://www.history.com/this-day-in-history/fdr-seizes-control-of-montgomery-ward
 

Shad

Veteran Member
Is it appropriate for the President of the United States to issue orders to private companies?

I particularly want to hear from our conservative and libertarian members on this. Would it bother you if a U.S. President started giving orders to private companies regarding how they do business, who they do business with etc? Is it ok for the government to take control of the means of production through a President decree?

Twitter isn't a government channel that has legal power thus there is no actual order. It isn't an EO, it is not a law.
 
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