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Author: Subject: Donald Trump and the Art of the Public Sector Deal

World Class Peach





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  posted on 9/19/2015 at 02:08 PM
http://www.nytimes.com/2015/09/20/upshot/donald-trump-and-the-art-of-the-pu blic-sector-deal.html?hpw&rref=upshot&action=click&pgtype=Homep age&module=well-region®ion=bottom-well&WT.nav=bottom-well&_r=0

Donald Trump and the Art of the Public Sector Deal
SEPT. 18, 2015
By JOSH BARRO

“I wrote ‘The Art of the Deal,’ ” said Donald Trump, introducing himself at the beginning of Wednesday’s Republican presidential debate, before moving on to his next qualification for the nation’s highest elected office. “I say, not in a braggadocious way, I’ve made billions and billions of dollars dealing with people all over the world.”

On the campaign trail, Mr. Trump frequently calls “The Art of the Deal,” published in 1987, his second-favorite book in the world after the Bible. He has repeatedly said it’s the best-selling business book of all time, a claim that isn’t true but might be an example of what he terms “truthful hyperbole” on Page 58 of “The Art of the Deal.” In July, he said the United States made a bad deal with Iran because our negotiators failed to read his book.

I read the book this week, with an eye toward what it says about the government, since the next deal Mr. Trump wants to do involves running it. What shone through is a view of government that is more critical on waste and incompetence than you would typically see from the left, but that lacks the leave-us-alone edge of the right.

“The Art of the Deal” is not a free-market book.

This isn’t surprising given the exact nature of Mr. Trump’s business background. It’s hard to make a living constructing large buildings in New York if you can’t stomach public involvement in private enterprise. The government was often a valued partner in the deals of “The Art of the Deal” — providing zoning variances, offering generous tax abatements and in one case buying a piece of land in which Mr. Trump had an interest in order to build a convention center. And in the book, Mr. Trump repeatedly showed off his superior skill in government relations — as when he obtained an Atlantic City casino license that even Hilton Hotels couldn’t get.

“There is no real estate without government,” says Julia Vitullo-Martin, a senior fellow at the Regional Plan Association, an urban planning research organization in New York. “Donald Trump and his dad built their fortunes on government.”

Fred Trump, Donald’s father, made his money building modest apartments for lower- and middle-income people in Brooklyn and Queens with subsidized loans from the Federal Housing Administration. But, as the younger Mr. Trump wrote in “The Art of the Deal,” nobody was doing that by the 1980s because “it’s not profitable and government subsidies have been eliminated.” So the younger Mr. Trump shifted toward higher-profile projects in Manhattan, which also depended on government assistance in the form of tax abatements.

His earliest major construction deal in Manhattan was the redevelopment of the Commodore Hotel near Grand Central Terminal, now the glass-covered Grand Hyatt. Mr. Trump sought and won a 40-year property tax abatement (one so long it is still in place today) over the objections of other hotel operators. Before that, he helped persuade the city to build the Jacob K. Javits Convention Center on a former Penn Central rail yard on the Far West Side; Trump earned an $833,000 fee when the city bought the land, on which he held a purchase option.

A lot of conservatives have criticized public spending on convention centers as a subsidy to the hotel industry, but Mr. Trump called the publicly funded convention center project “critical to reviving the city’s image and, ultimately, to putting its economy back on track.”

When seeking tax abatements and zoning variances for his private projects, Mr. Trump emphasized how great his developments would be for the city. The tax breaks for the Grand Hyatt, he said, were the only way to stop the existing building from becoming a closed, blighted eyesore. His planned Television City development (a now scrapped proposal to bring NBC to a site on the Hudson River in the West 60s) would bring “business worth at least $500 million a year from new residents.”

Sometimes public officials bought these arguments and sometimes they didn’t. But nowhere in the book is there a contention that he shouldn’t have to make them. Never does he say that it’s none of the government’s business how he does business.

This is more evidence for what some conservatives have been shouting with increasing alarm: Donald Trump is not one of us, does not share a gut-level suspicion of government, is not a true believer in free enterprise. Mr. Trump is an enthusiast of business, but as conservative critics of “crony capitalism” emphasize, being pro-business is not the same as being pro-market.

That said, while “The Art of the Deal” is not antigovernment in general, it does contain a lot of complaints about specific actions of government. For example, he disliked Ronald Reagan’s 1986 tax reform, which abolished various tax deductions related to real estate. This move, he wrote, “will be a disaster for the country, since it eliminates the incentives to invest and build — particularly in secondary locations, where no building will occur unless there are incentives.” That is, while Mr. Trump is running on a platform of tax simplification today, he was against it 30 years ago.

Parts of the book presage Mr. Trump’s recent rants about “stupid” politicians. Mayor Ed Koch, he wrote, “has achieved something quite miraculous. He’s presided over an administration that is both pervasively corrupt and totally incompetent.” One chapter is devoted to an almost gleeful description of how the construction of an ice rink in Central Park was botched — they tried to build it on a slope, can you believe that? — and then Mr. Trump took over and got done in six months what the city had failed to do inside six years.

But these are not so much arguments against government as against stupidity. Cost overruns on the Javits Center could have been avoided, Mr. Trump wrote, if the city had awarded the construction contract to him as he had suggested. Not surprisingly, this year, he has talked about the need for infrastructure spending with the zeal of many Democrats — while insisting he can deliver needed upgrades much more cheaply than the government would.

Twenty-nine years is a long time, and “The Art of the Deal,” which he wrote with Tony Schwartz, who is now a contributor to The New York Times, will not necessarily be Mr. Trump’s blueprint for governing. But in his campaign speeches, Mr. Trump has often echoed the meddlesome approach to business he learned from New York City officials. As president, Mr. Trump likes to say, he’d call up the chief of Ford with a threat: Move your factories back from Mexico or I’ll slap a huge tax on your imports.

This is antithetical to the conservative approach that says markets, not the government, should determine the allocation of business capital. But it is fully in line with the ideas in “The Art of the Deal.”

 

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Zen Peach



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  posted on 9/22/2015 at 06:52 PM
I was very distressed to watch the video in this twitter thread of Mr. Trump and Vince McMahon. I don't even know who Vince McMahaon is or what the event was about, but it just seems totally out of character for who I believed him to be as a person.

I mean anyone can be outspoken and that's part of why people like Trump, honesty is always valuable. I am just at a loss to think he could have done that. You may have to scroll down to see it, it was closer to the top yesterday. I am at a loss for words.

https://twitter.com/hashtag/asktrump?src=hash

I came across it from these other links.
http://www.msn.com/en-us/news/politics/trump-ill-close-us-borders-in-my-fir st-day/ar-AAezk3t?li=AAa0dzB&ocid

Trump in his video answer, returning to an issue that accompanied his initial jump to the top of polls.
.@MarieLeff#asktrumppic.twitter.com/ufCLFKeFrN
— Donald J. Trump (@realDonaldTrump) September 21, 2015

Using the #AskTrump hashtag, the real-estate tycoon fielded questions about NFL players, Israel and guns, among other topics.

https://twitter.com/realDonaldTrump/status/646013109216350208


[Edited on 9/23/2015 by gina]

 

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World Class Peach



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  posted on 9/22/2015 at 10:18 PM
yup Gina, he's a piece of work. i really don't trust his honesty or motives. i highly doubt his qualifications for such an important world position.

 

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Flies all green 'n buzzin' in his dungeon of despair

Who are all those people that he's locked away up there

Are they crazy?,

Are they sainted?

Are they zeros someone painted?,

It has never been explained since at first it was created

 

Zen Peach



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  posted on 9/24/2015 at 01:26 PM
I don't think his honesty in question, he tells you exactly what he thinks, he is the only candidate who does not talk in politically correct speech. Motives? I think he is just as fed up with how things are being run as everybody else, which makes him an American fighting for other Americans. His latest point was 'you want to spend money going to Mars, okay, but first let's fix the roads and bridges right here'. Common sense and an orientation to leave other people's alone. (human and terrestrial - it is widely believed that we are not the only life forms in the universe).

 

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Zen Peach



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  posted on 9/24/2015 at 01:29 PM
Trump is terrifyingly thin-skinned. His reactions to even the smallest of perceived slights are quite childish.

 

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  posted on 9/24/2015 at 04:13 PM
quote:
Trump is terrifyingly thin-skinned. His reactions to even the smallest of perceived slights are quite childish.


Did you see South Park last night? It was quite brilliant.

 

Universal Peach



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  posted on 9/24/2015 at 06:44 PM
Why is it that the liberals have such a fascination with Trump?
The Democrats seem to have many comments about Trump but never about any of their own candidates.

Y'all should check out Hillary Clinton. It is a fascinating read. The Grand Jury indictment alone should be a real page turner.







 

World Class Peach



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  posted on 9/24/2015 at 10:18 PM
Boy, why DO people express critical views of the opposition?
 

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  posted on 9/25/2015 at 10:32 AM
I don't think it is a critical view of the opposition Jim, in this case Muleman is right. I think they will offer Hillary a deal, to drop out of the Presidential race or get effed over by the govt. At some point, she will realize she does not want the unrelenting harassment and aggravation from the govt. and will just retire quietly. I also think that bringing her into her position as Secretary of State was a set up from the get go. I think high level people knew about some of the situations in the Middle East and everybody wanted to cover their own backs, so she became the fall-guy. As head of the Secretary of State, her branch /agency is responsible for what goes on over there, so even if she did nothing/knew nothing, it's the old 'well you should have'. Remember Oliver North and Reagan, Reagan said he knew nothing about trading guns for hostages in Iran, the POTUS is always protected by sacrificing others. It was the same with Nixon, and his loyal Secretary covered his butt by erasing those 6-7 minutes of audio tape 'by mistake'. It never changes in Washington. That is why people like Trump, they are just fed up with bull**it.

Trump wants to use public sector to do deals, he already has, working with unions, hiring immigrants to work on his bldgs. He is a businessman and he has the financial experience to handle the economy. His only lack of knowledge is in foreign policy, but he is smart enough to hire people who do have the knowledge and expertise so I don't think that is a problem for him. Even with Bush Jr. Cheney had his daily meetings with the Intel people at 4:30 am, then Cheney met with Bush Jr. after that, and the meetings that the intel people had with Bush occurred after the private meetings with Cheney. Cheney was running the show, they only told Bush what they wanted him to know.

Trumps latest thing is to court religious minded people. He wants the votes of everybody.

http://www.msn.com/en-us/news/politics/playboy-no-more-trump-courts-christi an-right/ar-AAeMLjp?li=AAa0dzB&ocid

But what does he mean by this?

Trump likes to boast about the Bible being his favorite book, but has refused to quote his favorite biblical verse when asked to say what it was. He raised eyebrows in June when he said at the Family Leadership Summit in Ames, Iowa, that he has never asked God for forgiveness and described Communion as "when I drink my little wine, which is about the only wine I drink, and have my little cracker."

Comment: Cracker is a slang term meaning white person, so his little cracker might be a reference to his wife, and if that is what he is saying, OMG, I think you get the rest of it.

 

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Zen Peach



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  posted on 9/25/2015 at 10:40 AM
quote:
He is a businessman and he has the financial experience to handle the economy.


I know you like to do research. Do you have any idea how Trump has built his wealth?

 

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Zen Peach



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  posted on 9/25/2015 at 10:42 AM
I thought it was from his Father's real estate business, am I wrong?

 

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Zen Peach



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  posted on 9/25/2015 at 10:47 AM
Yes, that's how he started. Some just have various levels of faith in his business acumen as related to how effective of a Chief Executive he would be.

Then there's the discussion on whether or not government should or should not be run like a business, or if it is or isn't already.

Who's the only President who had an MBA?

 

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  posted on 9/25/2015 at 11:15 AM
quote:
Yes, that's how he started. Some just have various levels of faith in his business acumen as related to how effective of a Chief Executive he would be.

Then there's the discussion on whether or not government should or should not be run like a business, or if it is or isn't already.

Who's the only President who had an MBA?
G-Dubs. Harvard no less.

 

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True Peach



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  posted on 9/25/2015 at 11:32 AM
quote:
I thought it was from his Father's real estate business, am I wrong?


"He's got the worst voting record in the United States Senate. He's never there, meaning he doesn't work or he's too lazy to go back and vote," Donald J. Trump said. "Marco Rubio ... he's like a kid. He shouldn't even be running in this race as far as I'm concerned."

I'm not a Rubio supporter, but Trump has a lot of temerity to attack Rubio on the basis that he does. Marco is the child of working class immigrants who got through law school, paid his debts and made his way to leadership in Florida and the Senate. Donald is the son of Freddy Trump, a New York real estate mogul who made himself into.....a New York real estate mogul.

 

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Zen Peach



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  posted on 10/3/2015 at 11:07 AM
quote:
Yes, that's how he started. Some just have various levels of faith in his business acumen as related to how effective of a Chief Executive he would be.

Then there's the discussion on whether or not government should or should not be run like a business, or if it is or isn't already.

Who's the only President who had an MBA?


I think he has very good business acumen. He set up Trump University where people could take the courses they need to be successful in business, real estate or wealth preservation management. His idea was why waste so much money at these Ivy League schools taking a bunch of courses you do not need that waste your time and money. You need to get the info. necessary for you to be successful in business, and while the colleges will give you that, we can give it to you sooner for less money. It was focused education to help people be successful.

We definitely need someone with accounting knowledge in the White House, balancing a budget of a country is a BIG job. Donald has budgeted projects for years. People criticize his banktuptcies in Atlantic City, but as he pointed out, he knew when to get out, when it was not going to be able to be turned around, and he took action accordingly. He didn't kick the can down the road. He recognized the situation and acted on it. That is responsible leadership.

Some expressed concerns about his foreign policy knowledge but there are enough military strategists I think he can rely on to bring him up to speed. Even Obama has meetings, gets consensus opinions on the problems, options, and then decides on a course of action. It would be no different under Trump of anyone else. They do not go it alone with regards to wars or national security.



[Edited on 10/3/2015 by gina]

 

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"Mankind is a single nation" "Allah did not make you a single people so he could try you in what he gave you, to him you will all return, he will inform you where you differed". Quran Chapter 2 Sura 213

 

World Class Peach



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  posted on 10/3/2015 at 12:03 PM
LOL Trump University. He is being sued over that scam and has changed the name.

 

____________________
Flies all green 'n buzzin' in his dungeon of despair

Who are all those people that he's locked away up there

Are they crazy?,

Are they sainted?

Are they zeros someone painted?,

It has never been explained since at first it was created

 
 


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