Why Catholics Should Vote for Trump article

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Bankruptcies can occur for many reasons wholly unrelated to how well the business is run.

I’d think that the spike in businesses killed by COVID would make that evident.

Many business bankruptcies are in fact done strategically. Bankruptcy insiders even have a term for bankruptcy where creditors are on board with the case when it is filed (“pre-pack”, short for “pre-packaged”). The fact that Trump’s companies have often reorganized (and Chapter 11 is a reorganization, not a liquidation; there’s a difference), yet the man is a billionaire with many free-standing and thriving businesses, shows the man’s strategic and financial…genius.
 
Under the current state of the bankruptcy laws, they can’t. Municipalities can and have. California and New York are very close to needing to.

Suffice it to say this is an area I have much familiarity with.
 
VonDerTann said:
Bankruptcies can occur for many reasons wholly unrelated to how well the business is run.

I’d think that the spike in businesses killed by COVID would make that evident.

Many business bankruptcies are in fact done strategically. Bankruptcy insiders even have a term for bankruptcy where creditors are on board with the case when it is filed (“pre-pack”, short for “pre-packaged”). The fact that Trump’s companies have often reorganized (and Chapter 11 is a reorganization, not a liquidation; there’s a difference), yet the man is a billionaire with many free-standing and thriving businesses, shows the man’s strategic and financial…genius.
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A Chapter 11 bankruptcy, as I understand it, takes at least some of the day-to-day running of the business out of the hands of the owner/proprietor - the courts have to approve some business decisions.

In effect, it sounds like the “genius” Trump was considered to be so “genius” that he was not allowed to have final say in some aspects of how he ran his companies and courts had to oversee those. Hardly a ringing endorsement of his abilities.
 
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VonDerTann said:
Bankruptcies can occur for many reasons wholly unrelated to how well the business is run.

I’d think that the spike in businesses killed by COVID would make that evident.

Many business bankruptcies are in fact done strategically. Bankruptcy insiders even have a term for bankruptcy where creditors are on board with the case when it is filed (“pre-pack”, short for “pre-packaged”). The fact that Trump’s companies have often reorganized (and Chapter 11 is a reorganization, not a liquidation; there’s a difference), yet the man is a billionaire with many free-standing and thriving businesses, shows the man’s strategic and financial…genius.
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How many of Trump’s bankruptcies were caused by COVID?
 
Uh, no.

A “debtor in possession” (which is what a debtor is in Chapter 11s unless removed for misfeasance) remains in full control of their operations. Some actions (like selling real estate or seeking new financing) require court approval.
 
He gave up his business ownership when he became President.

I should charge tuition for what I teach folks.
 
VonDerTann said:
Uh, no.

A “debtor in possession” (which is what a debtor is in Chapter 11s unless removed for misfeasance) remains in full control of their operations. Some actions (like selling real estate or seeking new financing) require court approval.
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How can you be in full control of your business when a court has to approve some of your dealings? Full control means just that.

And how can a “genius” real estate mogul end up in a position where he is not even allowed to sell that real estate without say-so of a court?
 
Considering that he 1) strategically used Chapter 11s yet still retained a vast fortune; 2) repeatedly turned holes in the ground into luxury high rises; and 3) won a presidential election with zero political experience…

(Plus he’s married to a classy supermodel!)

…Yep, Trump’s a genius. He’s the smartest man most of you will ever so much as see a picture of.
 
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VonDerTann said:
Considering that he 1) strategically used Chapter 11s yet still retained a vast fortune; 2) repeatedly turned holes in the ground into luxury high rises; and 3) won a presidential election with zero political experience…

(Plus he’s married to a classy supermodel!)

…Yep, Trump’s a genius. He’s the smartest man most of you will ever so much as see a picture of.
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His first wife had more class (and intelligence) in her little finger than the current model. Wearing a jacket with “I really don’t care, do you?” scrawled all over the back is definitely NOT a class move from FLOTUS.

And very few people heard of Melania before she married him, so hardly a “supermodel”.
 
It doesnt take much to impress some people.

Wealth equals success. I guess ghandi and mother Teresa were failures.

Filing bankruptcy and getting personal gains out of it is to be admired now. Morally questionable but deserves admiration.

Convincing folks by holding a carrot in front of them and coming up with a catchy slogan to follow blindly is great if you dont expect much from a president. Ever look into what demographic is still with him.

Doubt his picture will be anywhere near the list of nobeluriets in the country or world. I guess if one reads comic books they will see his picture often.

I am having too much fun for a Catholic forum. I must stop.
 
LilyM said:
How can you be in full control of your business when a court has to approve some of your dealings? Full control means just that.
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Same as an owner of a company that is in full control but needs bank financing. Underwriters will have to approve. Happens thousands of times every day.
 
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farronwolf said:
Convincing folks by holding a carrot in front of them and coming up with a catchy slogan to follow blindly is great if you dont expect much from a president. Ever look into what demographic is still with him.
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Over 90% GOP approval and nearly 30% from the black community which should put him in. Hispanics too are warming to his success.
 
Peeps said:
I’m so sorry! I know so many people who are struggling with depression because of the COVID pandemic. It’s so stressful. And it’s frightening, too–we see the stories about people who were fine one week and in the hospital the next.

I hope you feel better. I’m saying a prayer for you, and hope that the Holy Spirit, the Comforter, will bring comfort and peace to you this week!
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Thank you so much! Being forced to stay away from people and to work remote away from co-workers - whom I had grown very close to thru the years - can cause extreme emotional pain, especially for someone like me who has dealt with family issues for years. That, and watching the whole world suffer and feeling powerless to stop it. It’s unbelievably heart-breaking. I appreciate your kind post and your prayers more than you know. During these times when people are too busy fending for themselves to pay much attention to the emotional suffering I’m enduring, it really helps to know that there are people who care.
 
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