Trump's America will be saddled with debt – just like his bankrupted hotels. By Richard Wolffe
Even the prayer people
were happy to set aside their morals. They know that Trump’s kind of magical
thinking is precisely what the world needs right now, otherwise everybody would
get very upset at the way the planet is warming, the threat of nuclear war, and
the global refugee crisis. Right now we obviously need the kind of leader who
is completely ignorant about the consequences, and just lives in the moment… Because
if we don’t live in the here and now, we might start thinking about all those
Trump-sized debts that will land after a corporate tax cut that blew
apart the federal budget and a spending deal that now promises to do
the same… Fortunately we live in a time when Republicans have learned from his
leadership and abandoned all their old ways of thinking, which they used to
call principles.
Once upon a time,
conservatives said they hated Barack Obama because of his budget deficits. They
said he was destroying America and its future, which made them very angry
indeed. They were so mad about all those Obama debts that they invented a new
party, and named it after the revolution-aries who opposed a nasty British king. The Tea Party was a
collection of strange people, including one candidate who promised
she wasn’t a witch. But the strangest thing happened after Obama moved
out of the White House, and an orange man moved in. That was when conservatives
all across America decided they didn’t actually hate debt and deficits after
all.
That was just one of
the many ways Donald Trump made everyone happy in America all over again.
Another one was the stock market, which sometimes goes up and sometimes goes
down. Everyone was happy when it went up, and nobody talked about it when it
went down. Donald Trump knows a
lot about debt because he has created
so much of it himself. He’s like a grand wizard of debt because he has
magically escaped from several dark boxes of it. He also knows a few grand
wizard types and thinks they are some very fine people.
Grand Wizard Trump
first learned his magic debt spells when he built a palace called the Taj Mahal
in Atlantic City. He called it the eighth wonder of the world, and it certainly
was wonderful how the business went
bankrupt a year after it opened. Five other Trump palaces went
bankrupt the next year, but he waved his wand and everything turned out fine.
For him. How did he escape from
all that debt? “On occasion,” he told Hillary Clinton on television, “we used
certain laws that are there.” That certainly put her in her place.
Normal people find it
hard to borrow money or run businesses after so many bankruptcies. But they
don’t know the magic spells that Trump knows, and they don’t have a TV show
that makes any buffoon look like a real businessman. They also don’t have Russian
wizard friends who buy lots of their property at ridiculously high
prices because that’s how they do something they call “laundry”… read more:
https://www.theguardian.com/commentisfree/2018/feb/09/trump-saddle-america-debt-bankrupted-hotels