Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Donald Trump, the King of Whoppers 2015.
#1
Love him, hate him or just see him as an eccentric buffoon you cant get away from him. This link/ article popped up on my phone news feed and made some interesting reading ...

Quote:Trump’s Falsehoods


We won’t get into Trump’s controversial policy positions; it’s not a fact-checker’s role to offer opinions on whether it’s a good idea or a bad idea for the federal government to bar Muslims from entering the United States or to kill the families of terrorists, for example. What we focus on here are some of the many cases where he’s just wrong on the facts.

We start with his Nov. 21 claim to have watched on television as “thousands and thousands” of Muslims in New Jersey were “cheering” the fall of the World Trade Center on Sept. 11, 2001. Multiple news organizations and the New Jersey attorney general’s office searched for evidence of public celebrations at the time of 9/11 and found none.

“Never happened,” former state Attorney General John J. Farmer, a Republican appointee who later served as a senior counsel to the 9/11 Commission,wrote in response to Trump.
In a tweet, Trump demanded an apology, citing as evidence one news story about an alleged incident that was unattributed, unverified and not televised. One of the reporters on that story said he visited the “Jersey City building and neighborhood where the celebrations were purported to have happened,” but he could “never verify that report.”
And Trump’s false claim about “thousands and thousands” of Muslims is just part of a pattern of inflammatory claims with little or no basis in fact.

Here are some more — and it’s not an exhaustive list.

§ Trump boasted that he “predicted Osama bin Laden.” Nope. The book Trump published in 2000 mentioned bin Laden once, and predicted nothing about bin Laden’s future plans.

§ Trump “heard” that Obama is “thinking about signing an executive order where he wants to take your guns away.” If so, he misheard. What Obama reportedly considered was requiring large-volume private gun dealers to conduct background checks, not confiscating firearms from those who own them.

§ Trump said he “heard” the Obama administration plans to accept 200,000 Syrian refugees — even upping that wildly inaccurate number to 250,000 in another speech.Nope and nope. The number is about 10,000.

§ Trump said he got to know Putin “very well” while the two were on CBS’ “60 Minutes.”Nope. The two men were interviewed separately, in different countries thousands of miles apart.

§ Trump claimed his campaign is “100 percent” self-funded. Nope. At the time, more than 50 percent of his campaign’s funds had come from outside contributors.

§ Trump said his tax plan is revenue neutral. Nope. The pro-business Tax Foundationestimated the Trump plan would reduce revenues to the Treasury by more than $10 trillion over 10 years, even assuming his plan would create economic growth.

§ Trump told the story of a 2-year old who got autism a week after the child got a vaccine. But there’s no evidence of such a link. The study that claimed to have found a link between vaccines and autism has been exposed as an “elaborate fraud.” It was retracted five years ago by the journal that published it, and the author was stripped of his license to practice medicine in Britain.

§ Trump said Mexico doesn’t have a birthright citizenship policy. It does.

§ Trump claimed credit for getting Ford Motor Co. to move a plant from Mexico to Ohio.Ford says that’s baloney; it made the decision years before Trump even announced his run for president.

§ Trump denied that he ever called female adversaries some of these things: “fat pigs, dogs, slobs and disgusting animals.” He used all of those terms.

§ Trump said in June “there are no jobs” to be had, when official statistics were showing 5.4 million job openings — the most in 15 years.

§ Trump claimed economic growth in the U.S. has “never” been below zero — until the third quarter of 2015. “Who ever heard of this?” he asked. Except it’s not unheard of. Economic growth has been below zero 42 times since 1946.
 


And whilst we are at it, Mr Trump proclaims to be a self made millionaire. Hmmm, more lies by chance ....

Quote:Donald Trump traveled an old-fashioned route to fortune.
As he explained when he announced his bid for the 2016 Republican nomination for president:
“I made it the old-fashioned way. It’s real estate. You know, it’s real estate.”

While Trump did have a big head start — his father, Fred, was a multimillionaire New York real estate developer — there’s no doubt The Donald has created a fortune of his own. But if he’d stopped working 30 years ago, he could have done much better.

All he had to do was shift away from real estate and park his money in the same place that you can: an unmanaged stock index fund.

The background


To compare Trump’s performance to that of an unmanaged index fund, we need to know two things: his beginning net worth and his current net worth.


There’s considerable debate about Trump’s net worth. It’s estimated at $4.1 billion in the latest “Forbes 400” list, which puts him in the No. 133 spot of the richest folks in America. However, in July, he issued a press release announcing his net worth at $10 billion.


Fine. Let’s give him the benefit of the doubt and assume his net worth is $10 billion.


Now we need to establish his net worth at some point in the past.

Trump was on the Forbes 400 in 1982, when the magazine published its first annual list of America’s wealthiest denizens.
That year, Forbes said Trump’s fortune was “estimated at over $200 million,” but also acknowledged that Trump claimed it was “$500 million,” according to Timothy L. O’Brien’s book “TrumpNation: The Art of Being The Donald.”

Again, let’s give Trump the benefit of the doubt and assume he was worth $500 million in 1982.


The math


Imagine Trump had retired in 1982, sold his real estate holdings and invested his $500 million in the S&P 500 — that is, 500 stocks representing the American stock market.


From 1982 through the end of 2014, the S&P 500 index had an annualized return, including reinvested dividends, of 11.86 percent, according to MoneyChimp’s S&P 500 Compound Annual Growth Rate calculator.


Per this calculator, every dollar invested in January 1982 would have been worth $40 by December of 2014. That means Trump’s initial $500 million would have grown to $20 billion. That’s twice what Trump says he’s worth today.


And this Whopper wants to be President of the USA.  Big Grin 
[Image: Crashtestmonkeyredsmall_zpsfc1e3d39.jpg] Croft 2005, Cadwell 2006, Cadwell 2007
Reply
#2
Sorry got bored, can't be arsed to read all that lol
[Image: Crashtestmonkeyredsmall_zpsfc1e3d39.jpg]
Cadwell 2011/ Angelsey2011/ Cadwell 2013 (this one hurt) and retired me Sad
Reply
#3
Seems well qualified to me   :-) ........believes what he says is true which is usual and expected of the forked tongue brigade.  At least he knows what countries (well England and Scotland for starters) are on 'tother side of the pond unlike some previous incumbents of the office.
Supplier of quality decals & logos in cut/full colour vinyl, personalised tea/coffee mugs, banners, digi photos on art canvas etc for the trackdayer/racer.
Reply
#4
Just sums up the world today to me. It's like watching a virtual TV show or Jeremy Kyle with the bullshit he is spouting, but rather than just getting 15 min of fame or celebrity Z list status this utter buffoon is attempting to become one of he most powerful men in the world. Sadly all that inherited wealth and power has clearly gone to his head.

His latest threat (aimed at UK) is that if he were stopped from coming to the UK (it is to be debated in Parliament, but clearly will not happen) then he will pull £700 million of *cough* 'planned' *cough* investments in Scotland. This is of course alongside his other longstanding threats and arguments with Alex Salmond because he couldn't bribe or threaten the Scottish about the windfarms.
[Image: Crashtestmonkeyredsmall_zpsfc1e3d39.jpg] Croft 2005, Cadwell 2006, Cadwell 2007
Reply
#5
He's certainly bringing the presidential campaign to the forefront.

Maybe it's just PR for his own gain.
All the gear, No idea.

[Image: Crashtestmonkeyredsmall_zpsfc1e3d39.jpg] Too many to remember
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)