Donald Trump happens to be one of my historical poster boys for the Global Economic Meltdown. His wealth wasn’t so much created as stolen as he pioneered and mainstreamed, as it were, getting wealthy from a continuously money-losing enterprises. In the old days, if your business was in the toilet, you were in the toilet. The Donald changed that. Your business can now suck and you nonetheless become a multi-millionaire. Goodbye, incentive for good management.
And now, his enterprise again hits the skids. Talk about revolving doors….