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Sunday, October 10, 2010

Donald Trump for President? Let’s look at the track record

He hinted in Scotland, where he went recently for a much contested honorary degree that he may run for President in 2012 against Barack Obama. That’s Donald Trump, and the baggage he carries isn’t just his luggage for the trip. David Kennedy, former head of the university in Ireland that bestowed the degree says that Trump is not an honorable businessman.

There is also a checkered past in real estate ventures. In 2007, he had at least 20 U.S. projects and several more overseas. Since then many have been delayed, cancelled, or turned over to the bank. In March his Trump Tower in Atlanta was in foreclosure, and in the early 90s he bordered on bankruptcy. In 2009, Trump Entertainment Resorts filed for Chapter 11 bankruptcy.

Yup, that’s just the guy we need to get us out of this economical mess.

Read more here and here.

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