The Art of Incompetence | United States |Axisoflogic.com

In addition to being the worst president this sorry ass country has ever suffered, it appears Trump was once also the worst businessman that American capitalism ever endured — he represented a kind of wealth inequality in reverse.

The NY Times has gotten hold of information contained in his income tax returns, from 1985 to 1994. His incompetence was as staggering as it is amusing. "The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings," $1.17 billion in losses for the decade."

What's particularly amusing — if dark humor is your pleasure — is that Trump would have been an even worse failure if it hadn't been for dad's' sleazoid boodle: "much of the money Mr. Trump had received from his father came from his participation in dubious tax schemes, including instances of outright fraud."

So just how spectacular of a total loser was Trump the Toy Businessman? "Year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer," reports the Times. "His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years."

I should remind you that Trump's Art of the Deal — 372 pages of pure, ghostwritten fiction — was released two years into his unprecedented misadventures in American capitalism. Simply put, the man was a dolt — a manufactured, fabricated fantasia of ineptitude.

Jon Chait argues that Trump' more recent tax-return secrecy "Is an Insanely Huge Security Risk"; the future presidential puddin-head "was handed hundreds of millions of dollars, flushed it down the toilet, and was desperate to maintain his image of wealth and success. You couldn’t invent a more inviting target for a foreign intelligence service to manipulate."

That may be true. But I see Trump as more of a domestic threat. Anyone as feckless as Trump was in the business world is downright hazardous as the nation's chief executive.

Source URL