|Will this be the New Trump campaign slogan?|
The New York Times reported on May 9th that Donald Trump has turned to the Republican Party for help raising funds.
For anyone who’s paying attention to the lady behind the curtain, that’s a surefire sign that Trump knows his campaign is in trouble.
Trump’s financial MO has always been the same. When he has a loser of a project, he finances it by borrowing money from others and declaring bankruptcy when it crashes.
That’s what happened with the Trump Taj Mahal bankruptcy in 1991, when holders of his junk bonds found out just how junky they were.
It happened again when he bought the Plaza Hotel in New York and didn’t make his debt payments.
It happened yet again when Trump bondholders got shafted over the bankruptcy of Trump’s holding company, Trump Hotels and Casino Resorts.
Trump Hotels and Resorts got reorganized as Trump Entertainment Resorts and guess what? Right, they went belly up, too. So what's this got to do with the trump Presidential campaign?
Trump originally told us we could trust him because he was financing his own campaign and not relying on the kindness of people who want a favor in exchange. But now Trump wants a favor — campaign funds.
His argument is that he needs $1.5 billion. But we have it from The Donald’s own quacking beak that he’s worth $10 billion, so $1.5 billion in election funds is only a drop in his bloated bucket.
So why is he now asking a $1.5 billion favor from Republicans?
Probably for the same reason he issued junk bonds for his casinos.
He knows his election campaign is a losing proposition.