Monday, September 19, 2016

Trump—the highly UNSUCCESSFUL businessman

Great story from Robert Reich.  

Reich says he asked a Trump supporter why he was for the Donald.  The guy said he was for Trump because Trump was a highly successful businessman.  Reich asked how the man knew Trump was a success.  The man said that Trump must be a success because according to Forbes magazine, he is worth four and a half billion dollars.  

Reich asked the Trump supporter if he knew that in 1976 Trump was worth about $200 million, most of which he had inherited.  Well, said the Trump support, that just proved that Trump was a great businessman.  He turned $200 million into $4.5 billion.

“But,” said Reich,”if he had just put that $200 million into an index fund and reinvested the dividends, he’d be worth twelve billion today.”

So much for Trump’s business smarts. 

And, a lot of Americans want to turn the American economy over to this guy.  We would be better off NOT having a President rather than having Trump run things.  Manage the U.S. economy?  Give me a break.  Trump couldn’t even manage his own money.

Read Reich here:

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