Trump: I Help Myself Before I Help Others

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Hillary Clinton gave a big speech today laying out the case that Donald Trump is a lousy businessman. Trump’s counterargument, as usual, is that bankruptcy laws are there to be used, and anyway, only four out of his hundreds of companies have ever gone bankrupt. Oddly enough, this is actually true—but only in a hypertechnical sense, not in any sense that actually matters.

The real story is that he went enormously into debt in the late 80s, did a lousy job of running his casinos, and went completely bust. He only avoided personal bankruptcy because his creditors decided it was better to put him on a strict allowance and keep him on the team that liquidated his assets. When Trump finally recovered, no one would loan him money anymore, so he suckered the public into doing it. His shiny new publicly-traded casino company was the only time we ever got a real look at how Trump runs his companies, and it was a disaster. Trump paid himself millions, but the company never made a profit and eventually went under. Mom and pop investors lost everything. If you want all the gory details, Matt Yglesias rounds them up here.

Anyway, this is just a long windup to share with you his campaign’s response to Hillary’s speech:

Ladies and gentlemen, your Republican nominee for president. Makes you feel proud to be an American, doesn’t it?

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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