Is Donald Trump a successful businessman? Let’s look at his record

Donald Trump and his friends, the Clintons
Donald Trump and his friends, the Clintons

This post is from Daily Wire, and it lists a number of Donald Trump’s business misadventures:

  • United States Football League 
  • Trump Steaks 
  • Trump Vodka 
  • Trump’s board games 
  • Trump Airlines 
  • Trump Mortgage 
  • Trump Magazine 
  • Trump hotels and casinos (four bankruptcies)
  • Trump University

But most interesting of all is the Trump University case.

Here’s an article from National Review about that:

Many people believe that higher education is a de facto scam. Trump University, Donald Trump’s real-estate institution, was a de jure one.

First thing first, Trump University was never a university. When the “school” was established in 2005, the New York State Education Department warned that it was in violation of state law for operating without a NYSED license. Trump ignored the warnings.

[…]Trump University is currently the defendant in three lawsuits — two class-action lawsuits filed in California, and one filed in New York by then-attorney general Eric Schneiderman, who told CNN’s New Day in 2013: “We started looking at Trump University and discovered that it was a classic bait-and-switch scheme. It was a scam, starting with the fact that it was not a university.”

Trump U “students” say the same. In his affidavit, Richard Hewson reported that he and his wife “concluded that we had paid over $20,000 for nothing, based on our belief in Donald Trump and the promises made at the [organization’s] free seminar and three-day workshop.” But “the whole thing was a scam.”

In fact, $20,000 is only a mid-range loss. The lead plaintiff in one of the California suits, yoga instructor Tarla Makaeff, says she was “scammed” out of $60,000 over the course of her time in Trump U.

How could that have happened? The New York suit offers a suggestion:

The free seminars were the first step in a bait and switch to induce prospective students to enroll in increasingly expensive seminars starting with the three-day $1495 seminar and ultimately one of respondents’ advanced seminars such as the “Gold Elite” program costing $35,000.

At the “free” 90-minute introductory seminars to which Trump University advertisements and solicitations invited prospective students, Trump University instructors engaged in a methodical, systematic series of misrepresentations designed to convince students to sign up for the Trump University three-day seminar at a cost of $1495.

[…]But according to the New York complaint, none of the instructors was “handpicked” by Trump, many of them came from fields having nothing to do with real estate, and Trump “‘never’ reviewed any of Trump University’s curricula or programming materials.” The materials were “in large part developed by a third-party company that creates and develops materials for an array of motivational speakers and seminar and timeshare rental companies.”

Furthermore, Trump’s promises that the three-day seminar ($1,495) would include “access to ‘private’ or ‘hard money’ lenders and financing,” that it would include a “year-long ‘apprenticeship support’ program,” and that it would “​improve the credit scores”​ of students were empty.

How is it that the mainstream media never told us about this? I suspect they will – once Trump is declared the Republican nominee. For now, they prefer to keep it hidden.

Donald Trump inherited a lot of money from his father. Should we assume that he knows something about business just because he did? Or should we look at his record and see how good of a businessman he really is?

10 thoughts on “Is Donald Trump a successful businessman? Let’s look at his record”

  1. I usually like your subjects very much but not this one. As a business man I know that you win some and loose some because you are taking risk. Why didn’t you also list his successes ALSO? Come on be fair. I know Trump is not your guy but this is a hit piece.

  2. Trump is a con man, such a master at emotionally manipulating people to get them to do what he wants that he wrote two best selling books on how to do just that. His philosophy is more big government cronysm akin to the Hillary/Obama type, but he is also a strong man populist more in line with Bernie Sanders. He is not at all for the little guy which his past business flops speaks well to.

    People like that speaks out about illegal immigration however so really nothing else matters. Even though he is for amnesty, increased HB1 Visa’s, etc…

    1. Evidence? Here you are doing just what I object most to what Trump does. He is not the only one. This has been going on since he entered the race, The Neocons have completely disgusted me. I am a big William Buckley fan but these people are no William Buckleys.

      1. Charles, I realize you feel differently about Trump and I don’t mean any disrespect towards you by being so harsh in my judgement of him. And yes I’m judging here because the man deserves it. Trump’s past bankruptcies ended up stiffing a lot of working class people, the same with Trump University which is all pretty easy to research along with his hiring of illegals and HB1 Visa people to build his hotels with cheap labor. Then there is his horrible practice of patterning with government via eminent domain to force poor people out of their homes and properties for the benefit of his hotels which he still defends to this day. Add to this his very Liberal stances on abortion, universal health coverage, wealth taxes, amnesty and his continual donations to major Democrat players throughout the years and you get someone very different than who he portrays as the man who wants to be your president.

        I believe it’s essential we get this country on a path towards honoring the constitution with our laws and its people with individual liberty. I also believe Trump will take us in the absolute opposite direction of this.

        More about my views on this can be found here,

        I promise, it’s not a hit piece on Trump. ;)

        1. I hear your litany of Charges against Trump but all they are is charges. I have paid careful attention to all the issues you brought up and have paid attention to them. What iI have found from the very beginning is that usually Trump did not actually say what his detractors accuse him of or they distort it. This process has led me to support Him. Have you found anything he has been accused of which is not true? I ask to see how objective you are.

          1. Yes Charles and I’m glad you asked that. I think Trump has been wrongly accused of being racist for his outspokeness against illegal immigration and the Muslim threat. I didn’t like the way he said certain things but they were subjects that needed airing.

            I also think the latest hoo haw over KKK leader David Duke is pretty dumb. Even though he lied about not knowing who Duke was, he did condemn in 2010 when he left the Reform Party because Duke was also a member.

            As far as my “charges” on his political stances about PP, wealth taxes, universal healthcare, amnesty and gun control (forgot that one) they are all out there on video and in news articles. Trump himself doesn’t deny it, only that he’s changed.

            Eminent domain abuses too, all those cases are public record. The most recent I believe involved an elderly woman being kicked out of her home so Trump could build a lot for the limos at one of his hotels.

            The man has no political record to judge so we can only go by his past actions and present temperament. It’s my opinion they paint a very poor picture.

            I can respect though that we share different views about the man. Is there anything about him you find troubling?

  3. I agree that the mainstream media is out to get him, and it will intensify once he’s the nominee.

    The education operation is common with many persons doing it — but, here, it is clear that some third party ran the business. So, one shouldn’t besmirch Trump with this.

    1. I do not like Trimps vulgarity but I prefer it to a sugar coated turd. I wish he was more a principled conservative. As an Evangelical Christian I wish he was stronger in his faith and didn’t have so many flaws. I dislike him calling names but join the party. On a positive side he is pragmatic and a deal maker. As a business man I like that if he does it for us. I prefer that to weak president like we have. I have been shocked at my Republican party and feel used by it. I have been a loyal supporter for years. My eyes have been opened to what a manipulative bunch they are. They are not going to reform without a fight. They couldn’t control Trump so they are going to try to destroy him. They demanded He sign the pledge but we will see who keeps their promise. For all his flaws I don’t see anyone better. My second choice is Cruz and I also sent him money. I like the bottom two guys as well and do not feel they are bad guys. My first choice was Bobby Jendell but he went out soon.

      I am highly educated with two masters degrees and 12 years of college and graduate work.

    1. As a business man myself, failure is a good teacher. I have failed many times but that is not the only thing to judge me by. Also look at my successes and you will get a balanced picture. Do you know the Golden State Warriors have lost five games and one of them was to the poorest team in the league by over 30 points. They have been heard yelling and cursing in the locker room at half time as they fight between themselves. As a Christian I have committed some grievous sins and if I was God I would fry myself. So Trump has a list of failures but I hear nothing of his successes. Why? Something else is going on here. Do we all want to be judged this way. Since the day he started running he has been called every name in the book. He is a fighter so if you want to fight him, you will be hit back. This does not fit with my faith and I wish he didn’t do it. Given the circumstances, I will not act as if he is the only one.

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