Posted on Dec 1, 2016
Trump says he will back away from business to focus on White House - One America News Network
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Posted 8 y ago
Responses: 11
this is a good thing...
Looks Like he is handing off to the family...
..."After Trump won the Nov. 8 election, his company, the Trump Organization, had said it was looking at new business structures with the goal of transferring control to Donald Trump Jr., Ivanka Trump and Eric Trump – three of his adult children who are involved with the company.
Trump gave few details in a series of early morning tweets but said that “legal documents are being crafted which take me completely out of business operations” and that his children would attend the news conference. He did not say what the planned change might mean for ownership of his businesses...."...
Looks Like he is handing off to the family...
..."After Trump won the Nov. 8 election, his company, the Trump Organization, had said it was looking at new business structures with the goal of transferring control to Donald Trump Jr., Ivanka Trump and Eric Trump – three of his adult children who are involved with the company.
Trump gave few details in a series of early morning tweets but said that “legal documents are being crafted which take me completely out of business operations” and that his children would attend the news conference. He did not say what the planned change might mean for ownership of his businesses...."...
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SPC Randy Torgerson
I think we can honestly say that giving up control of his empire, makes Trump the first President to sacrifice more than any other President.
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Basically, the Left will want to punish Trump for being successful every chance they get. What Trump does for business will benefit the rest of the USA. Just my opinion of course.
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Cpl Tom Surdi
SPC Randy Torgerson - Here is some interesting stats about Trump's business dealings over the year. Take what you will from it, or ignore it altogether. This all comes with citations so you can check out the research for yourself.
https://www.internationalbusinessguide.org/trump-business-career/
https://www.internationalbusinessguide.org/trump-business-career/
A Guide to Donald Trump’s Business Career - International Business Degree Guide
Let’s take a look at Trump’s biggest successes and failures in business.
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SPC Randy Torgerson
Cpl Tom Surdi - Its an interesting read.... but I'm not sure what is your point? Are we in agreement that he has a lot of money or no?
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Cpl Tom Surdi
SPC Randy Torgerson - Well one, no matter if you think Trump is a good or bad businessman, he still has more money than us. Second, he isn't that great of a businessman, he fails more than he succeeds. Before The Apprentice started airing, Trump was actually spiraling down into nothing with only a few ventures giving him any real success. What Trump excels at, what he is REALLY good at and better than most people on the planet, is self promotion. He would have made an excellent Self Help Guru if he hadn't been born into money.
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SPC Randy Torgerson
Cpl Tom Surdi - Born into money, spiraling down? Whatever he was born with, he has lost and then gained back. If you ask the 10 richest people in the world how many times they had failed before one idea took off, I think you would be surprised. To deny his success is petty. His name is on buildings all over the world. He is President of the United States. He is successful. Lets move on my friend.
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LTC Stephen F. - So it's been over a year since you posted this. What do you think now, since he DIDN'T divest from his companies and only placed them in trust. He still has full control of his business and can take that trust back at any time. It's things like this why I can't and will never be able to trust Trump. If you look back at the little over a year he has been in office you will see a startling trend. Not once has his business or business of any of his family been affected by this trade war. Dozens of other business have, everything from Agriculture to Steel, but not real estate. No sanctions or tariffs have come close to affecting Trump interests. In fact, his company is STILL doing business with foreign countries. Now if he was fully divested, it probably wouldn't be such a big deal, but he isn't and it is. Just wondering if Trump has fully earned that trust you so freely gave him?
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LTC Stephen F.
Thank you for taking the time to develop a well-thought-through comment Cpl Tom Surdi. Coincidentally my wife and I set up a trust a couple years ago so we could leave assets to our children and grandchildren. We have roughly $1 million which is much less than the assets President Trump has. Our trust was initiated by an attorney who specializes in and he changed a flat fee [some charge a percentage of the assets].
1. Where I live in Northern Virginia we are seeing signs of recovery. One of the biggest changes I have seen is a resurgence of the coal industry which affected VA, WV, PA, TN, KY. It has taken a year or so for the business to begin to improve.
2. I am hopeful that Congress will move to rescind the tax breaks that caused many textile businesses to move offshore. We have looked for made in USA clothing when we can afford it. It will take a few years for the garment and textile industries to adequately get back to business in this nation.
3. I was terminated after 20 years from a not-for-profit consulting company based on my disabilities - many of which are military-service connected at the end of June 2013 as the Affordable Care Act was being initiated. I was 55 at the time and around here many people in my age group were terminated. Younger people were hired with less disabilities at a lower cost.
4. Steel was affected by the moratorium on coal since coal is used in that and other manufacturing processes. You probably remember some of the problems which surfaced with Chinese manufactured steel [not all Chinese steel is substandard]
5. Tariffs are tricky business. Import and Export businesses are most affected by tariffs.
6. One of the larger issues was that the USA and most nations allow the currency to float internationally. Communist nations tended to artificially manage their currency and not let it float. China has done that for decades and because they are a major manufacturer they can make and ship at a lower cost than most nation's could compete with. I am hopeful that China will be convinced to level the field and allow thei currency to float.
I am not privy to the financial information about the various assets among the Trump family. Perhaps they have not been affected; but, most-likely they are wise and divest so that some things increase while others decrease in value. I learned to do that long ago through mutual fund investing which others manage [First Command has managed me investments since 1985 [for no cost through 2015]. My investments took a beating during the lean former POTUS Obama years. [that was fairly common]
In the past year my investments have gone up significantly with periodic reductions while the markets adjusted.
I generally support what the Trump Administration is attempting to do - encourage businesses to move back to this nation; reduce conflicting regulations which have stifled business for too long; and restore confidence in the USA through consistent foreign policy.
What do you think? COL Mikel J. Burroughs LTC Stephen C. LTC Orlando Illi Lt Col Charlie Brown Maj Bill Smith, Ph.D. Maj William W. "Bill" Price CPT Jack Durish Capt Tom Brown MSG Andrew White SFC William Farrell SGT (Join to see) Sgt Albert Castro SSG David Andrews Sgt Randy Wilber Sgt John H. CPL Dave Hoover SGT Mark Halmrast SPC Margaret Higgins SrA Christopher Wright
1. Where I live in Northern Virginia we are seeing signs of recovery. One of the biggest changes I have seen is a resurgence of the coal industry which affected VA, WV, PA, TN, KY. It has taken a year or so for the business to begin to improve.
2. I am hopeful that Congress will move to rescind the tax breaks that caused many textile businesses to move offshore. We have looked for made in USA clothing when we can afford it. It will take a few years for the garment and textile industries to adequately get back to business in this nation.
3. I was terminated after 20 years from a not-for-profit consulting company based on my disabilities - many of which are military-service connected at the end of June 2013 as the Affordable Care Act was being initiated. I was 55 at the time and around here many people in my age group were terminated. Younger people were hired with less disabilities at a lower cost.
4. Steel was affected by the moratorium on coal since coal is used in that and other manufacturing processes. You probably remember some of the problems which surfaced with Chinese manufactured steel [not all Chinese steel is substandard]
5. Tariffs are tricky business. Import and Export businesses are most affected by tariffs.
6. One of the larger issues was that the USA and most nations allow the currency to float internationally. Communist nations tended to artificially manage their currency and not let it float. China has done that for decades and because they are a major manufacturer they can make and ship at a lower cost than most nation's could compete with. I am hopeful that China will be convinced to level the field and allow thei currency to float.
I am not privy to the financial information about the various assets among the Trump family. Perhaps they have not been affected; but, most-likely they are wise and divest so that some things increase while others decrease in value. I learned to do that long ago through mutual fund investing which others manage [First Command has managed me investments since 1985 [for no cost through 2015]. My investments took a beating during the lean former POTUS Obama years. [that was fairly common]
In the past year my investments have gone up significantly with periodic reductions while the markets adjusted.
I generally support what the Trump Administration is attempting to do - encourage businesses to move back to this nation; reduce conflicting regulations which have stifled business for too long; and restore confidence in the USA through consistent foreign policy.
What do you think? COL Mikel J. Burroughs LTC Stephen C. LTC Orlando Illi Lt Col Charlie Brown Maj Bill Smith, Ph.D. Maj William W. "Bill" Price CPT Jack Durish Capt Tom Brown MSG Andrew White SFC William Farrell SGT (Join to see) Sgt Albert Castro SSG David Andrews Sgt Randy Wilber Sgt John H. CPL Dave Hoover SGT Mark Halmrast SPC Margaret Higgins SrA Christopher Wright
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