News Is Donald Trump Really Considering a Presidential Run in 2012?

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The discussion centers around the potential candidacy of Donald Trump for the presidency, with participants debating his viability as a candidate and the implications of his business background. Some argue that Trump's lack of political experience could hinder his chances, while others believe his outsider status and business acumen might appeal to voters dissatisfied with traditional politicians. Concerns are raised about Trump's history of bankruptcies and whether this would negatively impact his reputation as a businessman. The conversation also touches on the current political landscape, with predictions that the incumbent president may struggle for reelection if economic conditions do not improve. Participants express skepticism about Trump's ability to create jobs and question the effectiveness of his business strategies, while also discussing the broader implications of corporate influence in politics. Overall, the thread reflects a mix of skepticism and cautious optimism regarding Trump's potential run for office.
  • #61


russ_watters said:
Heck, I'd go so far as to say he's literally a joke: I'd bet he got the reality TV show for being the living characature of the rich corporate elite

The TV show I think they originally thought would fail, but decided to try it anyway.

I would not call him a "literal joke" though, as he is a billionaire and one of the most successful real-estate developers in the world. No, his history isn't perfect and no his projects are not always successful, but as mentioned succeeding in real-estate development isn't easy.
 
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  • #62


mheslep said:
Yes I don't track this either Gokul. Are saying there's an Obama plan that somehow differs from that clear statement in the 2008 NH speech?

Where has Obama proposed a tax increase on people making < 250K? How is he not keeping his pledge?

Unless something happened in the last few days that I haven't heard about, nothing that you've said about this makes any sense. In fact, to me it seems that you are being deceptive, so please clear this up.
 
  • #63


My mind boggles to think that this is causing communication difficulty. The promise was that "no family making less than $250,000 a year will see any form of tax increase", and there's a fairly large tax increase for families making between $30,000 and $250,000 coming in just three months. What's not to understand?
 
  • #64


russ_watters said:
Yes, but I haven't been forced to eliminate most of my debt due to inability to repay, have you? .

I wasnt a fan of trump, let alone him running for president until you posted this Russ, now it sounds like he has just the kind of experience we need in the Washington.
 
  • #65


Ivan Seeking said:
Where has Obama proposed a tax increase on people making < 250K? How is he not keeping his pledge?
His pledge was that no family making under $250k would see a tax increase under his plan and families under $250k will see a tax increase, so either his plan failed or he changed his mind. How is that difficult to follow?

I'm just guessing here, but it seems you and Gokul want to play a game with 'but it isn't his fault the tax cut is expiring...' Do you really think the voting public will go for that? The best he can hope for is that they will believe he was powerless to stop it and forgive him for making an unkeepable promise. I wonder if his 'Gitmo promise will work that way (and I'm still waiting for my nuclear waste report)...
 
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  • #66


Jasongreat said:
I wasnt a fan of trump, let alone him running for president until you posted this Russ, now it sounds like he has just the kind of experience we need in the Washington.
Egad, you want him to tell our debtors the US is at risk of defaulting on its debts? That would be a disaster!
 
  • #67


CAC1001 said:
I would not call him a "literal joke" though, as he is a billionaire and one of the most successful real-estate developers in the world. No, his history isn't perfect and no his projects are not always successful, but as mentioned succeeding in real-estate development isn't easy.
According to Donald Trump:
The Don said:
My brand alone is worth $5 billion.
http://www.huliq.com/3257/91937/donald-trumps-net-worth-goes-worlds-richest-ranking-goes-down

And google is full of testimonials from investors who trusted him because of who he is and lost money on his deals, so it looks to me like being the joke is a very profitable thing for him personally. The most important thing for a rich elite type (and what people hate about them most) is to profit from your own failures and it seems that he's been able to do that very well. His net worth rose even as his company went bankrupt.

That very issue (CEOs making huge paydays even as their companies were failing) was a big deal to people during the financial bailouts.

I'll certainly have to admit his reputation seems a lot more two sided than I realized. It looks like he's been able to play-up and profit from both sides of the same stereotype:

1. The characature of the evil rich corporate elite - a manifestation of everything that is wrong with corporate America...

and...

2. ...but he's rich so I should still trust him with my money.
 
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  • #68


russ_watters said:
According to Donald Trump:
The Don said:
My brand alone is worth $5 billion.

Not according to Interbrand. He doesn't make their top 100, so they implicitly value his brand at less than $3.11 billion.

http://www.interbrand.com/en/knowledge/best-global-brands/best-global-brands-2008/best-global-brands-2010.aspx
 
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  • #69
This just keep getting better. I just found out Trump even owns a pyramid scheme that markets scam weight-loss pills:

http://www.trumpnetwork.com/Products/QuikStik.aspx
 
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  • #70


russ_watters said:
That very issue (CEOs making huge paydays even as their companies were failing) was a big deal to people during the financial bailouts.

I only have a limited understanding of CEO pay, but I believe the way it works is that it is like with an actor/actress in Hollywood. If you star in a movie and really bring the $$$ and viewership, your pay for each movie goes up. Now if you star in a movie and then it flops, then yes, for that movie you got paid a lot, but you will probably get a dent in your paycheck for your next film, and if that does only so-so, the pay adjusts accordingly.

I think CEOs are the same. If you start off as a CEO of a small company, manage that company well, then when you move to larger company, your pay package increases, you manage that one well, your pay package increases further.

Get to a huge Fortune 500 and you are being paid a lot simply to manage the company. If you crash and burn, then yes, for that job you get a big paycheck, but when you go to manage another company, your reputation is dented, so don't expect to keep commanding the huge pay.

I'll certainly have to admit his reputation seems a lot more two sided than I realized. It looks like he's been able to play-up and profit from both sides of the same stereotype:

1. The characature of the evil rich corporate elite - a manifestation of everything that is wrong with corporate America...

I really do not see him this way. He doesn't strike me at all as a caricature of the evil rich corporate elite. Just as a very rich guy with an oversized personality who loves attention.

and...

2. ...but he's rich so I should still trust him with my money.

I don't think anyone trusts him with their money, they will do projects with his brand in the hopes it has the kind of pulling power he claims.
 
  • #71


CRGreathouse said:
Not according to Interbrand. He doesn't make their top 100, so they implicitly value his brand at less than $3.11 billion.

http://www.interbrand.com/en/knowledge/best-global-brands/best-global-brands-2008/best-global-brands-2010.aspx

Trump boasts he is worth around $5 or $6 billion, but I know Forbes Magazine estimates it more at $2 billion.
 
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  • #72
loseyourname said:
This just keep getting better. I just found out Trump even owns a pyramid scheme that markets scam weight-loss pills:

http://www.trumpnetwork.com/Products/QuikStik.aspx

Popular energy drinks that rely on loads of caffeine and sugar to give you a fake boost can leave you feeling empty and depleted. QuikStiks™ rely on botanicals and bionutrients—known to support energy levels and mood—to give you just what you need to get you going in the morning, pick you up in the afternoon, and help you relax in the evening. They're great tasting, fast acting, and so convenient to use. Just break open a QuikStik and mix with water.

How are these "scam weight loss pills" or am I missing something? Sounds like a decent-quality product.
 
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  • #73
CAC1001 said:
Popular energy drinks that rely on loads of caffeine and sugar to give you a fake boost can leave you feeling empty and depleted. QuikStiks™ rely on botanicals and bionutrients—known to support energy levels and mood—to give you just what you need to get you going in the morning, pick you up in the afternoon, and help you relax in the evening. They're great tasting, fast acting, and so convenient to use. Just break open a QuikStik and mix with water.

How are these "scam weight loss pills" or am I missing something? Sounds like a decent-quality product.

That's only one of many products they sell, but the scam isn't necessarily the products. For all I know, they work, but I find it a little strange there's no apparent means of actually purchasing them linked to that site. Instead, you're simply encouraged to get in contact with a marketing agent to find out how you too can build a gigantic residual income stream selling this stuff.
 
  • #74


CAC1001 said:
I don't think anyone trusts him with their money, they will do projects with his brand in the hopes it has the kind of pulling power he claims.

I'd agree with this. More than half of his current net worth is tied up in name licensing for development projects he isn't actually affiliated with. His brand is worth more than his actual ability to manage these days.

Plus, the only person I know he was ever a personal financial advisor for was Mike Tyson, arguably the most spectacular case of personal bankruptcy in American history.
 
  • #75


Ivan Seeking said:
Where has Obama proposed a tax increase on people making < 250K? How is he not keeping his pledge?

Unless something happened in the last few days that I haven't heard about, nothing that you've said about this makes any sense. In fact, to me it seems that you are being deceptive, so please clear this up.

As CRG and Russ say here and I've posted several times elsewhere:
CRGreathouse said:
I can speak for neither mheslep nor Gokul43201, but I think the point the latter was trying to make was that income tax will increase Jan 1 2011 for those making at least ~$34,000, depending on the exact cutoff for the tax brackets and filing status.

Of course, strictly speaking, this is not Obama but the current Congress.
CRGreathouse said:
My mind boggles to think that this is causing communication difficulty. The promise was that "no family making less than $250,000 a year will see any form of tax increase", and there's a fairly large tax increase for families making between $30,000 and $250,000 coming in just three months. What's not to understand?

russ_watters said:
His pledge was that no family making under $250k would see a tax increase under his plan and families under $250k will see a tax increase, so either his plan failed or he changed his mind. How is that difficult to follow?

I'm just guessing here, but it seems you and Gokul want to play a game with 'but it isn't his fault the tax cut is expiring...' Do you really think the voting public will go for that? ...

Clear enough?
 
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  • #76


Nobody needs to tell US debtors about the risk of default, nor is any President or Treasury Sec going to change what they already know by telling them any kind of story .
 
  • #77


loseyourname said:
I'd agree with this. More than half of his current net worth is tied up in name licensing for development projects he isn't actually affiliated with. His brand is worth more than his actual ability to manage these days.

Yup, that is his strategy these days.

Plus, the only person I know he was ever a personal financial advisor for was Mike Tyson, arguably the most spectacular case of personal bankruptcy in American history.

Keep in mind though that Tyson fell prey to some real predators, first Robin Givens, then Don King.
 
  • #78


russ_watters said:
His pledge was that no family making under $250k would see a tax increase under his plan and families under $250k will see a tax increase, so either his plan failed or he changed his mind. How is that difficult to follow?
It's not, and it's almost exactly the point I was making, with a further refinement: if you have no evidence that he changed his mind (the citation I have been asking for), the only option that remains is that his plan failed (or more accurately, is anticipated to fail).

1. There's a huge difference between being unable to implement a plan due to Congressional opposition (or whatever other reason), and actually contradicting a campaign pledge,

2. The take home political message, as always, will be about where the blame lies for this failure. Just as easy a political move as it may be to play a clip of the pledge, it might completely backfire, as the counter-punch - that the failure to keep taxes down on lower income brackets was directly due to Republican opposition - might do more damage than the punch.

EDIT: I have meanwhile found that Obama did, in fact, willfully contradict the pledge. The Health Care bill imposes a tax on indoor tanning parlors, and of course there's the penalty (starting 2014) for violating the insurance coverage mandate. The former is an indisputable violation of the pledge, but affects such a small group of people that it might be a hard sell, politically, to use that as the centerpiece of an "Obama broke his promise" campaign ad. The latter could be argued either way, but I think it will be more effective (in an ad attacking Obama's promises) than anything else.
 
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  • #79


russ_watters said:
His pledge was that no family making under $250k would see a tax increase under his plan and families under $250k will see a tax increase, so either his plan failed or he changed his mind. How is that difficult to follow?

I'm just guessing here, but it seems you and Gokul want to play a game with 'but it isn't his fault the tax cut is expiring...' Do you really think the voting public will go for that? The best he can hope for is that they will believe he was powerless to stop it and forgive him for making an unkeepable promise. I wonder if his 'Gitmo promise will work that way (and I'm still waiting for my nuclear waste report)...
Russ, are you referring to the Inheritance Tax cut Bush had in place?

https://www.physicsforums.com/showpost.php?p=2786366&postcount=61

If not, what are you referring to?
 
  • #80


Evo said:
If not, what are you referring to?
The big (primarily income) tax cuts of 2001 and 2003, both set to expire at the end of this year.
 
  • #81


russ_watters said:
I'm just guessing here, but it seems you and Gokul want to play a game with 'but it isn't his fault the tax cut is expiring...' Do you really think the voting public will go for that?
Since, in your opinion, I'm really only playing a game here, why do you expect an honest response to your question?

Russ, I'm getting weary of your personal jabs.
 
  • #82


CAC1001 said:
Trump boasts he is worth around $5 or $6 billion, but I know Forbes Magazine estimates it more at $2 billion.

I was talking about his brand, not his net worth.
 
  • #83


Gokul43201 said:
It's not, and it's almost exactly the point I was making, with a further refinement: if you have no evidence that he changed his mind (the citation I have been asking for), the only option that remains is that his plan failed (or more accurately, is anticipated to fail).

1. There's a huge difference between being unable to implement a plan due to Congressional opposition (or whatever other reason), and actually contradicting a campaign pledge,

Agreed -- I made the same point in post #27.

Gokul43201 said:
I have meanwhile found that Obama did, in fact, willfully contradict the pledge. The Health Care bill imposes a tax on indoor tanning parlors, and of course there's the penalty (starting 2014) for violating the insurance coverage mandate. The former is an indisputable violation of the pledge, but affects such a small group of people that it might be a hard sell, politically, to use that as the centerpiece of an "Obama broke his promise" campaign ad. The latter could be argued either way, but I think it will be more effective (in an ad attacking Obama's promises) than anything else.

There are also other minor examples -- an increased tax on tobacco, for example -- but I felt they were unimportant so I hadn't mentioned them.
 
  • #84


CAC1001 said:
I only have a limited understanding of CEO pay, but I believe the way it works is that it is like with an actor/actress in Hollywood. If you star in a movie and really bring the $$$ and viewership, your pay for each movie goes up. Now if you star in a movie and then it flops, then yes, for that movie you got paid a lot, but you will probably get a dent in your paycheck for your next film, and if that does only so-so, the pay adjusts accordingly.

I think CEOs are the same.
That's probably true, but Trump has mostly just been CEO of one company. He hasn't had to worry about impressing other boards to get hired. At the same time, he does need to get investors for his projects, but since they are real estate projects, a great many of the investors are ordinary people buying condos.
I really do not see him this way. He doesn't strike me at all as a caricature of the evil rich corporate elite. Just as a very rich guy with an oversized personality who loves attention.
Fair enough.
I don't think anyone trusts him with their money, they will do projects with his brand in the hopes it has the kind of pulling power he claims.
Isn't that "trusting him with their money?" Here's an example from the google I referenced:
Stephen and Linda Drake cast aside concerns about owning property in Mexico because they believed in Donald Trump.

The Southern California couple paid $250,000 down payment on a 19th-floor oceanfront condo in Trump Ocean Resort Baja in 2006 before the first construction crew arrived.

But admiration for the celebrity developer and star of “The Apprentice” has now turned into anger and disbelief as Trump’s luxury hotel-condo plan collapsed, leaving little more than a hole in the ground and investors out of their deposits, which totaled $32.2 million.
http://seattletimes.nwsource.com/html/nationworld/2008824545_trump07.html

Though I'm not certain, I suspect Trump makes money from a deal like that whether the property succeeds or not - like a stock broker.
 
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  • #85
On reflection, I believe I'll have to back up a little on Obama's tax pledge and admit the situation between the President and Congress complicates the issue, at least with respect to the pending Jan 2011 tax increases.

The significant history:
Again the '08 campaign pledge, repeated several times and places:
Obama said:
"I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes."

Then, from the http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/message.pdf" released earlier this year it appears Obama remained aligned with the pledge:
FY 2011 Budget said:
the Budget eliminates the Bush tax cuts for those making more than $250,000 a year and devotes those resources instead to [...]

Finally in the http://www.oliverwillis.com/2010/09/08/text-of-obama-speech-in-cleveland-on-the-economy/" in Sept:
Obama Sept Cleveland speech said:
Under the tax plan passed by the last administration, taxes are scheduled to go up substantially next year. Now, I believe we ought to make the tax cuts for the middle class permanent.

So at least by pronouncement the President has remained aligned with his pledge.

Then again, public pronouncements are one thing and actions are another. He is the President with large party majorities in both houses, yet taxes on millions of taxpayers making less than $200/$250k will none the less increase as of Jan 1. It seems to me that if the President really wanted to make this happen, we would have at least had a vote on the matter in the House.
 
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  • #86


Gokul43201 said:
Since, in your opinion, I'm really only playing a game here, why do you expect an honest response to your question?

Russ, I'm getting weary of your personal jabs.
Well I'm weary of gamesmanship in here, Gokul. I feel like I'm being forced to combat it in way too many places in here and get irritated when people make veiled implications, don't explain them and force others to guess what they mean. The point mheslep made was very clear and you asked for a citation for a claim he didn't make and obliquily referenced a beef with the point but didn't explain it. That's gamesmanship. What I expect (and the forum rules require) is a straightforward response to a straightforward point: Ie, your post #78 should have been your post #9.

Anyway:
It's not, and it's almost exactly the point I was making, with a further refinement: if you have no evidence that he changed his mind (the citation I have been asking for), the only option that remains is that his plan failed (or more accurately, is anticipated to fail).
Both possibilities still exist and without the ability to see inside his head and without clear evidence, none of us are in any position to judge which it was. Obama has no obligation to tell us he changed his mind (in fact, it is often to a politician's benefit to do his best to hide it). This is not a 'if you can't prove he's guilty he must be innocent' situation. That's not an accusation of a flip-flop, just an analysis of the two possible options...which is why your request for citation is unreasonable/irrelevant.

Just speaking for myself here, but I don't really have an opinion on which is correct (or will become correct under the current path). Ultimately it doesn't even matter: he's a politician and will almost certainly do what benefits him most politically in responding or not responding to the issue. I'm just laying out the possibilities and analyzing the situation. So further development:

If the issue is pressed during the current election cycle (before the taxes actually go up)*, he has a pretty decent out: he can blame it on Congressional Republicans. But ultimately, Congressional Republicans can just hammer home the 'he said it wouldn't happen but it did' refrain and can take either tack and profit from it because neither are positive for Obama.
1. There's a huge difference between being unable to implement a plan due to Congressional opposition (or whatever other reason), and actually contradicting a campaign pledge.
Absolutely, but the difference is bigger if the sitting President has a Congress of the opposite party. Since he has a Democratic Congress, people will want him to explain why he couldn't get a Congress from his own party to implement a plan he wanted (or, at least, Republicans will needle him that it makes him look impotent).
2. The take home political message, as always, will be about where the blame lies for this failure. Just as easy a political move as it may be to play a clip of the pledge, it might completely backfire, as the counter-punch - that the failure to keep taxes down on lower income brackets was directly due to Republican opposition - might do more damage than the punch.
Since Congress is Democratic, I'd be surprised if the counterpunch carries that much weight and as I said before, it opens up two more avenues for counter-counterpunchs:
1. Why did you make an unkeepable promise?
2. How are you so powerless that you cannot get a Democratic Congress to do what you want?

But it is the tendency for politicians to go negative, so I suspect you're right that he'll go with that counterpunch if he feels the need to respond. Perhaps he can give republicans a negative on the issue while taking his double-negative. I think the strategy's flawed, but it seems like it's the way politicians like to go. (If an issue is twice as negative for you as for the other guy, I think it is better to downplay/ignore than respond.)
EDIT: I have meanwhile found that Obama did, in fact, willfully contradict the pledge. The Health Care bill imposes a tax on indoor tanning parlors, and of course there's the penalty (starting 2014) for violating the insurance coverage mandate. The former is an indisputable violation of the pledge, but affects such a small group of people that it might be a hard sell, politically, to use that as the centerpiece of an "Obama broke his promise" campaign ad. The latter could be argued either way, but I think it will be more effective (in an ad attacking Obama's promises) than anything else.
I'm not sure what "it" is, but I agree that the tanning parlor thing is not going to be politically useful. I really think most people understand/believe the promise was about income taxes.

*If/when the issue comes up for his re-election, he can reasonably blame Congress in general, but obviously cutting his own party off at the knee carries its own risks.
 
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  • #87
loseyourname said:
This just keep getting better. I just found out Trump even owns a pyramid scheme that markets scam weight-loss pills:

http://www.trumpnetwork.com/Products/QuikStik.aspx

i'd have to know what's in them before i made a judgment. the plain old caffeine and ephedrine combo really does work, and can be sourced botanically.


but back to serious matters... can we please forget this silly trump nonsense and get busy amending the constitution so that schwarzenegger can run in 2012?
 
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  • #88
Proton Soup said:
but back to serious matters... can we please forget this silly trump nonsense and get busy amending the constitution so that schwarzenegger can run in 2012?

New thread?
 
  • #89
CRGreathouse said:
New thread?

please, no. :rolleyes:
 
  • #90


Russ, that's particularly unfortunate timing - coming right on the heels of mheslep's post.
russ_watters said:
Well I'm weary of gamesmanship in here, Gokul. I feel like I'm being forced to combat it in way too many places in here and get irritated when people make veiled implications, don't explain them and force others to guess what they mean. The point mheslep made was very clear and you asked for a citation for a claim he didn't make and obliquily referenced a beef with the point but didn't explain it.
While I don't particularly feel inclined to explain myself to you, the two people on this sub-forum that I have a lot of respect for are mh and CRG. I have no intention of yanking their chains.

That's gamesmanship. What I expect (and the forum rules require) is a straightforward response to a straightforward point: Ie, your post #78 should have been your post #9.
If I violated a forum rule, then report my post and give me an infraction. As I've mentioned before, I don't care much for your psychoanalysis.

Edit: Looking back through my posts to see where I could have been engaging in "gamesmanship" ...
Gokul43201 said:
That's not the citation that I said was missing. I guess I wasn't being clear enough.
Wow! Admitting I may have been unclear in my previous posts. So much for "making veiled implications".
 
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