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Comment by gigatexal | Hacker News Reader

What a favorable headline. In reality everyone knows why the economy isn’t growing: Trump’s policies are paradoxically anti business given his public persona of this big bad amazing businessman. The guy failed at selling steaks in America. In America.

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Oh don't worry, Trump and his cronies have been growing their wealth just fine.

His net worth has grown over $4 billion since taking office again, and that doesn't count his sons or other insiders that have been taking bribes and making insider trades.

The single most corrupt politician we've ever had, with a family full of criminals.

As always with these losers, the Biden Crime family was purely projection.

Add to that the myriad of people in his surroundings who profit of this chaos immensely.

But...Hunter Biden's laptop!!!

I think failing at gambling (especially at a time when like 2 cities had a monopoly on gaming in the US) is bigger proof of his lack of acumen.

You say fail, but that's because you're looking at it from a "running a business" viewpoint. Instead, you have to look at "enrich personal wealth" viewpoint. It's possible to run a business into the ground while personally gaining financially. A failing business has some beneficial tax purposes. So people that think these failed businesses are a negative just need to look at them differently. They succeeded in their true purpose. The "running a business" was just the facade.

I guess he did campaign on running the country like one of his businesses. A rare promise kept from a politician. :)

Yeah, the scam is to inflate the value of your properties, then claim a write-off when it fails. For "some reason" you can even use other people's money for the investments and claim the losses for yourself. Then you can use that as a deduction when you actually make money again. One scammer in particular pulled this trick for 10 years, rolling it forward and filing a $916 million loss with the IRS in 1995.

https://www.nytimes.com/interactive/2019/05/07/us/politics/d...

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