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?

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

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