Thursday, April 15, 2004

Pissing On The Parade

"[T]his real Trump, like our real president, is a rich daddy's boy, who came into the world with his real-estate developer father's $40 million dollars, housing empire, and considerable connections to the Brooklyn Democratic party, out of which came New York mayor Abraham Beame and New York governor Hugh Carey. (If you want to know how Trump has been able to build just about whatever he wants in New York City, all you need to know are two words: campaign contributions.) Trump is a creation of family wealth and affiliations, and serendipity. He bought his first piece of property in the recession-deep New York of the 1970s when, eager to "revitalize," New York officials were almost giving property away with enormous tax abatements. From there, Trump made the fateful decision to purchase no less than three Atlantic City casinos, which shortly began to compete against each other, severely reducing profits for Trump's company.

"But, then, according to a former Trump lieutenant, John R. O'Donnell, an embittered casualty of Trump's lack of business acumen whose book about Trump -- Trumped! -- Trump has never legally contested, Trump never bothered to learn anything about the casino business before he spent tens of millions in New Jersey. He never tried to pick up any knowledge about the airline industry before he tried and failed to buy American Airlines; or about the business of professional football before he purchased the New Jersey Generals and offered such exorbitant, unprecedented salaries that he helped drive the United States Football League out of business. In 1988, he signed a contract to buy a racehorse named Alibi, changing its name to DJ Trump--he has reduced the profits of his companies by spending millions to get his name on every inch of every property that he owns--and nearly killed the animal when Trump insisted that the horse continue practice-racing when he had a cold. Because of Trump's pushy arrogance, the colt got so sick he almost died and had to have his hooves amputated. He'll never race. As a result, after almost destroying the horse, Trump refused to pay the owner who had sold Alibi, even though Trump had signed his name to papers promising to buy him."

Ahhhh... That felt good.

(I told you I was feeling pissy.)

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