The Cry Baby is on sabbatical ....

Saturday, May 21, 2011

The blunders of Donald Trump - failures and bankruptcies

Donald Trump at a press conference announcing ...Image via Wikipedia
At least the Donald had the courtesy of fire himself from the Republican  presidential race without putting us through more of his birther wackiness. Now, Let's take a look at some of "billionaire" Donald's other mis-adventures: ,  the search engine you’ve never heard of, and will never hear of, was launched in 2006. No surprise: it was shut down a year later. 
• Trump Magazine,  a high-end magazine for the affluent and rich.  Low ad sales force the closure of the magazine  in 2009. 
Trump Vodka, which was marketed as a product that "demand[s] the same respect and inspire the same awe as the international legacy and brand of Donald Trump himself."  The vodka is no longer produced. 
• Trump Mortgage, was launched in 2006 and  Donald Trump Jr. boasted it would become the country's leading home loan company. It closed two years later. 
Trump Airlines, was launched in 1988 (when Trump purchased Eastern Air Shuttle)  and featured such amenities as applewood floors, chrome seatbelt latches and gold-colored bathroom fixtures. The company failed to show a profit and  Trump defaulted on his loans. In 1992 it merged with a new company and the Trump name was removed from the planes. 
And then there are the Trump bankruptcies: 
• Taj Mahal Casino, Atlantic City NJ – 1991 
• Trump Plaza Hotel – 1992 
• Trump Hotels & Casino Resorts – 2004 
• Trump Entertainment Resorts (Renamed from Trump Hotels & Casino Resorts — Trump bailed it out with $72 million of his own money) – 2009

And finally there is Trump's showdown with OPEC: "I’m going to look ‘em in the eye and say, ‘Fellas, you’ve had your fun. Your fun is over.'" Great negotiating strategy that would make John Wayne proud, except Wayne was pointing a gun at the bad guys and the Donald is firing blanks. 

Source: ThePBH Network


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