When you go through a bankruptcy,personal or corporate, someone is going to get screwed. Corporate bankruptcies are not just “debt restructuring.” Someone is not going to get paid.
Now if things have become so bad you have to go through a bankruptcy, there’s no shame in that. And sometimes a company has to go through bankruptcy. Things happen. But serial bankruptcies speak to something different, someone who is playing the rules.
Let’s say you had a “restructuring” and that negotiations and results took five to seven years. Let’s say five and low-ball it. You did it four times. That takes up twenty years of your working career. That’s twenty years of bad decisions, twenty years of other people having to make up for your mistakes.
Now let’s say you’re trying to “make” your money back after these business events. You decide that you’re going to build things. You work with local, state, and federal governments to obtain land so you can build golf courses, casinos, apartment buildings. You work through laws of eminent domain so you can get what you want. You work hard, taking advantage of every loop hole that you can.
By this time, people have lost money being in business with you. People have lost land and homes they owned because you wanted these things to benefit you, not them. You take the money you make and live loudly. You have a lot of money now. You can afford to be louder than most people. People “respect” your money because, in spite of some charity work, you use your wealth like a club. Growing wealth beings power and a louder voice. You get extremely loud. “Yay freedom of speech,” you think. “I can say anything I want!” People forget about
So you proceed to speak your mind. Good for you! Really! Truth is usually appreciated, and there is so little of it in today’s world. Now you’re on a role. You’ve not only been in the media, you’ve become a master of it. You’ve successfully “branded” yourself. You’ve even built a fan base, You want more.
The one problem you have is your past. You’re a serial cheater, multiple divorces. Okay. You handle that by marrying a smoking’ hot babe. Everyone likes a pretty girl. The American public will give an older guy a wink and a nod if they’ve got a pretty girl on their arm. Public displays of wealth help too. Giant towers with your name in glittering letters, television programs, you have it all. Throw enough glitter on a pig, and the first thing you’ll see from then on is the glitter.
Most people don’t go beyond the glitter to find the pig. You begin to ride a wave with social media. You equate having millions of followers with having some special influence. Then one day you’re golfing in Arizona and one of your toadies is listening to one of your tirades, which are legendary by now. He pokes his buddy on the arm and mouths, “watch this.”
“Shut up. I’m trying to concentrate.” You try to line up an easy putt.
The putt completes in 5 strokes. “What do you want?”
“You should run for president!”
The other toady croaks in. “Yeah! You’d make a great president.”
You think for a minute and put your face towards the sun. “Yeah. I would, wouldn’t I?”
Your toadies snicker and turn their faces from you. “You said it first! Run for president!”
This is how you get the idea that you’re going to run for president. It gnaws at you. You’ve become very powerful in the real estate world, and you like it. You’ve done all the rich things from private yachts to private jets to great cars. You can buy buildings, build buildings, tear down buildings. You won’t start with just running for mayor of New York City. You’re going to skip all the preliminary preparation. You jump into the fray. It’s a race!
Your numbers go up every time you open your mouth. You say outrageous things to appeal to a populist viewpoint that increases in its xenophobia and nationalism every day. It stops making sense, but you keep saying things like you can build a wall and get someone else to pay for it without hurting US/Mexican relations for decades to come. But even though you can make shrewd moves and say that if you’re president that you will hire the best, you can’t seem to hire a team that grasps local and state politics. You engage in speculations about dick size and the sex lives of family members. You stumble and blame that stumble on “the system” rather than on your own team that really made a lot of mistakes. You may want to change the system, but if you can’t hire a team that understands it, how are you going to figure out the root of problems, other than speculation? People see these bumps in the road as your numbers keep rising. You get even more outrageous.
You’ve set up a scenario that where, if you don’t get your way, you are perfectly fine with violent results. You’ve encouraged violence by the crowds, seemingly not understanding that your tone, your word choice, no matter how “politically incorrect” you are aiming to be, should never incite or “approve” of violent acts. But hey, you’re gaining in polls, and getting loads of coverage. Any publicity is good publicity, and you understand THAT, at least.
So how would you be as a president? You’re being infuriated by regulations and old set ups in a private political party. What’s going to happen if you run across several different problems across several states where as the federal government it would be proper for you to step in? If you can’t put together a team that understands the system, how are you going to fix it? Knowing what’s wrong and knowing what works to fix things are two different skill sets. And as yet in your life you are unproven as a political leader where you must compromise, watch what and how you say things, understand that the buck stops at the White House, and that when you get in too far, you can’t declare bankruptcy for the entire country, but you can bankrupt us morally as well as monetarily.