False Claims Against Made Against Trump By The Left

[Rightguide]

For the Record: Contrary to Media Claims, Trump has had Zero Bankruptcies​

by Antonio Graceffo Mar. 7, 2025 9:00 am


As Trump moves to reduce government spending by cutting unnecessary programs and eliminating wasteful positions, mainstream media and liberals on Twitter are attacking both his policies and his business acumen. Yet, the success of figures like Elon Musk makes it clear that innovative leadership speaks for itself—SpaceX and Tesla have revolutionized their industries without needing constant defense. Musk’s overhaul of Twitter, slashing the workforce by 80%, was met with fierce criticism, yet the platform continues to function as effectively as before, now with fewer restrictions on free speech. If Trump can apply a similar strategy to the government—preserving critical functions while drastically cutting costs—it would be a major win for taxpayers.

Attacks on President Trump’s business acumen and deal-making abilities ignore the realities of his success. He started with a $1 million loan from his father in the 1970s and, within a decade, turned it into a billion-dollar empire. Critics who claim they could achieve the same if “daddy gave them a million dollars” fail to grasp the scale of that accomplishment. To put it into perspective, growing $1 million into $1 billion is the equivalent of someone starting with $1,000 and turning it into $1 million—a feat few can genuinely achieve.

Some media outlets claim that Trump received $430 million in financial support from his father over his career, but this is a misleading characterization. As a real estate investor, Trump—like others in the industry—borrowed from multiple sources and accepted investment capital from various investors, including his father’s company. The $430 million figure represents loans and financial transactions over decades, many of which were repaid. It does not reflect a net gain of $430 million for Trump or his businesses but rather the standard financial practices involved in large-scale real estate development.

Another false claim is that Donald Trump inherited significant wealth from his father. His father, Fred Trump, was worth an estimated $250 million at the time of his death in 1999—long after Donald had already become a multibillionaire. Additionally, while some media outlets have speculated that his inheritance “would have been” around 20% of his father’s estate, there is no public record confirming that he received any specific amount. Additionally, by the time of his father’s passing, Trump was already a billionaire, meaning an additional $50 million—if he even received that amount—would have had little impact on his overall net worth.

More here on phony claims: https://www.thegatewaypundit.com/2025/03/record-contrary-media-claims-trump-has-had-zero/

 

[Bn2f]

Not reading all this crap.
Your premise is bullshit.
No one needs to make up false shit about this unhinged individual.

 

[_BassAckwards_]

For the Record: Contrary to Media Claims, Trump has had Zero Bankruptcies​

by Antonio Graceffo Mar. 7, 2025 9:00 am


As Trump moves to reduce government spending by cutting unnecessary programs and eliminating wasteful positions, mainstream media and liberals on Twitter are attacking both his policies and his business acumen. Yet, the success of figures like Elon Musk makes it clear that innovative leadership speaks for itself—SpaceX and Tesla have revolutionized their industries without needing constant defense. Musk’s overhaul of Twitter, slashing the workforce by 80%, was met with fierce criticism, yet the platform continues to function as effectively as before, now with fewer restrictions on free speech. If Trump can apply a similar strategy to the government—preserving critical functions while drastically cutting costs—it would be a major win for taxpayers.

Attacks on President Trump’s business acumen and deal-making abilities ignore the realities of his success. He started with a $1 million loan from his father in the 1970s and, within a decade, turned it into a billion-dollar empire. Critics who claim they could achieve the same if “daddy gave them a million dollars” fail to grasp the scale of that accomplishment. To put it into perspective, growing $1 million into $1 billion is the equivalent of someone starting with $1,000 and turning it into $1 million—a feat few can genuinely achieve.

Some media outlets claim that Trump received $430 million in financial support from his father over his career, but this is a misleading characterization. As a real estate investor, Trump—like others in the industry—borrowed from multiple sources and accepted investment capital from various investors, including his father’s company. The $430 million figure represents loans and financial transactions over decades, many of which were repaid. It does not reflect a net gain of $430 million for Trump or his businesses but rather the standard financial practices involved in large-scale real estate development.

Another false claim is that Donald Trump inherited significant wealth from his father. His father, Fred Trump, was worth an estimated $250 million at the time of his death in 1999—long after Donald had already become a multibillionaire. Additionally, while some media outlets have speculated that his inheritance “would have been” around 20% of his father’s estate, there is no public record confirming that he received any specific amount. Additionally, by the time of his father’s passing, Trump was already a billionaire, meaning an additional $50 million—if he even received that amount—would have had little impact on his overall net worth.

More here on phony claims: https://www.thegatewaypundit.com/2025/03/record-contrary-media-claims-trump-has-had-zero/

 

[BrightShinyGirl]

MAGA is in full damage-control mode.

 

[DeluxAuto]

To put it into perspective, growing $1 million into $1 billion is the equivalent of someone starting with $1,000 and turning it into $1 million—a feat few can genuinely achieve

This analogy is fucking lol and proves the author blogger is an economic illiterate dipshit.

 

[whiskeytangofoxtrot]

Gateway pundit?!?! Bahahaha!

 

[Hel_Books]

For the Record: Contrary to Media Claims, Trump has had Zero Bankruptcies​

by Antonio Graceffo Mar. 7, 2025 9:00 am


As Trump moves to reduce government spending by cutting unnecessary programs and eliminating wasteful positions, mainstream media and liberals on Twitter are attacking both his policies and his business acumen. Yet, the success of figures like Elon Musk makes it clear that innovative leadership speaks for itself—SpaceX and Tesla have revolutionized their industries without needing constant defense. Musk’s overhaul of Twitter, slashing the workforce by 80%, was met with fierce criticism, yet the platform continues to function as effectively as before, now with fewer restrictions on free speech. If Trump can apply a similar strategy to the government—preserving critical functions while drastically cutting costs—it would be a major win for taxpayers.

Attacks on President Trump’s business acumen and deal-making abilities ignore the realities of his success. He started with a $1 million loan from his father in the 1970s and, within a decade, turned it into a billion-dollar empire. Critics who claim they could achieve the same if “daddy gave them a million dollars” fail to grasp the scale of that accomplishment. To put it into perspective, growing $1 million into $1 billion is the equivalent of someone starting with $1,000 and turning it into $1 million—a feat few can genuinely achieve.

Some media outlets claim that Trump received $430 million in financial support from his father over his career, but this is a misleading characterization. As a real estate investor, Trump—like others in the industry—borrowed from multiple sources and accepted investment capital from various investors, including his father’s company. The $430 million figure represents loans and financial transactions over decades, many of which were repaid. It does not reflect a net gain of $430 million for Trump or his businesses but rather the standard financial practices involved in large-scale real estate development.

Another false claim is that Donald Trump inherited significant wealth from his father. His father, Fred Trump, was worth an estimated $250 million at the time of his death in 1999—long after Donald had already become a multibillionaire. Additionally, while some media outlets have speculated that his inheritance “would have been” around 20% of his father’s estate, there is no public record confirming that he received any specific amount. Additionally, by the time of his father’s passing, Trump was already a billionaire, meaning an additional $50 million—if he even received that amount—would have had little impact on his overall net worth.

More here on phony claims: https://www.thegatewaypundit.com/2025/03/record-contrary-media-claims-trump-has-had-zero/

https://money.cnn.com/2015/08/31/news/companies/donald-trump-bankruptcy/index.html

. . . he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers.

He makes no apologies for having much of his debt wiped out. "These lenders aren't babies. These are total killers," he said at the debate. "These are not the nice, sweet little people."

Here's a look at Trump's bankruptcy track record.

1. Trump Taj Mahal, 1991
Trump's first bankruptcy filing was probably the most personally painful for him. To come up with the funds he needed, he sold a 282-foot yacht, as well as the Trump Shuttle, the airline he operated at the time that flew between Washington, D.C., New York and Boston, according to media reports at the time. He had to give up half of his ownership stake in the Trump Taj Mahal, but he did retain control of the property. His largest creditor was financier Carl Icahn, who held $400 million in bonds. Now Icahn is Trump's pick for Treasury secretary should he be elected.

2. Trump Castle Associates, 1992
In less than a year he was back in bankruptcy court for his other Atlantic City casinos. This bankruptcy included the Trump Plaza Hotel in New York, the Trump Plaza Hotel and Casino in Atlantic City as well as the Trump Castle Casino Resort. He gave up half his interest in the New York Plaza to Citibank, but retained his stake in the casinos.

3. Trump Hotel & Casino Resorts, 2004
Trump didn't go back to bankruptcy court again until November 2004, when he filed to shed debt at his various Atlantic City casinos and a riverboat in Indiana. It was another quick trip through bankruptcy court; the company shed $500 million in debt and emerged from bankruptcy the following May. Trump turned over majority control of the company to his bondholders but remained the largest single shareholder, and he once again kept control of the casinos.

4. Trump Entertainment Resorts, 2009
His most recent bankruptcy came in 2009, after the company missed a $53.1 million bond payment. That was pretty much the end of the road for Trump in Atlantic City. While his name remained on three casinos, he resigned from the board and gave up his remaining stake in the company.

"I had the good sense, and I've gotten a lot of credit in the financial pages, seven years ago I left Atlantic City before it totally cratered," he said during the debate.

The two Atlantic City casinos that still had the Trump name filed for bankruptcy yet again in 2014. At the time Trump made sure people knew he was no longer running the company, and sued to have his name removed.

 

[Rightguide]

Laugh all you want. The left is in love with their ignorance:

"The media frequently repeat the claim that Donald Trump has had six bankruptcies, but this narrative is misleading and often promoted by outlets critical of him. It conflates corporate and personal bankruptcy, misrepresenting the nature of Chapter 11 restructuring.

 

[ll74]

Why does Reichy care to correct the record?

Oh right ....the 47 cock in his mouth.

Trumo University - failed business
Trump steak - failed business

Trump organization can't do business in New York.
Trump casinos - failures.

 

[Rightguide]

Gateway pundit?!?! Bahahaha!

Prove the article wrong instead of hiding behind emojis.

 

[Rightguide]

Why does Reichy care to correct the record?

Oh right ....the 47 cock in his mouth

That would be your mom.

 

[_BassAckwards_]

Laugh all you want. The left is in love with their ignorance:

"The media frequently repeat the claim that Donald Trump has had six bankruptcies, but this narrative is misleading and often promoted by outlets critical of him. It conflates corporate and personal bankruptcy, misrepresenting the nature of Chapter 11 restructuring.

 

[whiskeytangofoxtrot]

Prove the article wrong instead of hiding behind emojis.

all the proof is in the source, gateway pundit. Trash "journalism".

 

[ll74]

That would be your mom.

No, it's very obviously you.

My mother is absolutely anti Trump.... significantly more than I am.

 

[Lance_Castro]

“loans over decades, many of which were repaid.”

Many were repaid! Lol

 

[BrightShinyGirl]

Laugh all you want. The left is in love with their ignorance:

"The media frequently repeat the claim that Donald Trump has had six bankruptcies, but this narrative is misleading and often promoted by outlets critical of him. It conflates corporate and personal bankruptcy, misrepresenting the nature of Chapter 11 restructuring.

How many chapter 11 bankruptcies has Donald Trump overseen?

 

[ll74]

There is a reason why Trump is known to not fulfill his contracts with payment.

There's a reason why nobody wants to do business with him.

He fucks everyone.

 

[Hel_Books]

How many chapter 11 bankruptcies has Donald Trump overseen?

https://money.cnn.com/2015/08/31/news/companies/donald-trump-bankruptcy/index.html

". . . he has filed four business bankruptcies, which Bankruptcy.com says makes Trump the top filer in recent decades. All of them were centered around casinos he used to own in Atlantic City. They were all Chapter 11 restructurings, which lets a company stay in business while shedding debt it owes to banks, employees and suppliers."

 

[TastySuckToy]

"The media frequently repeat the claim that Donald Trump has had six bankruptcies, but this narrative is misleading and often promoted by outlets critical of him. It conflates corporate and personal bankruptcy, misrepresenting the nature of Chapter 11 restructuring.

Even if one assumed every bankruptcy claim was 100% accurate and a 100% failure (rather than a restructuring event as mentioned), that means nothing until compared to the entirety of his businesses track record.

Last time I checked, Trump had about 500 businesses under his management or association. That means when you compare bankrupt businesses to non bankrupt businesses, Trump has a success rate of 98.8% of avoiding bankruptcy.

And that would be in comparison to the average statistical failure rate of any business: 20-25% the first year, 50% after 5 years, and 65% after ten years.

Trump's record is in fact outstanding, even if one just assumes the proposed six examples were absolutely and 100% failures.

 

[whiskeytangofoxtrot]

even though they were not bankruptcies, who can forget Trump University, Trump steaks, Trump water... bahahaha

 

[Bray123]

Trump did profit out of his bankruptcies, in fairness. Although the traders who he did 'business' with lost their homes.

The NY bankers were so outraged at his antics that they refused to do business with him and put the word out. That meant that the only way he could get funds was to bank with Deutsche Direct in Moscow, where Putin personally guaranteed his loans. That's why Trump is now beholden to Putin, in what Putin refers to as 'The Art of The Deal'.

 

[Rightguide]

Even if one assumed every bankruptcy claim was 100% accurate and a 100% failure (rather than a restructuring event as mentioned), that means nothing until compared to the entirety of his businesses track record.

Last time I checked, Trump had about 500 businesses under his management or association. That means when you compare bankrupt businesses to non bankrupt businesses, Trump has a success rate of 98.8% of avoiding bankruptcy.

And that would be in comparison to the average statistical failure rate of any business: 20-25% the first year, 50% after 5 years, and 65% after ten years.

Trump's record is in fact outstanding, even if one just assumes the proposed six examples were absolutely and 100% failures.

If you listen to the left all it takes to become a billionaire is to be economically incompetent and a business failure.

 

[Lance_Castro]

Trump…Possibly one of the most hated people in history!

But he’s very successful.

Butters… Possibly one of the fattest ugliest karens on Lit!

But she gives great phone sex.

 

[Rightguide]

even though they were not bankruptcies, who can forget Trump University, Trump steaks, Trump water... bahahaha

No one here will forget your ignorance.

 

[DeluxAuto]

Prove the article wrong instead of hiding behind emojis.

Prove it's right, Jack.