This is what Donald Trump said in 2006 just a short time before the housing market collapsed. He started a company, Trump Mortgage, that was gone in 2007.
"As some economists and Wall Street traders began to sense danger ahead of the crippling housing market collapse of 2008, Donald Trump waved away the worries and offered a concrete expression of confidence in the industry."
"In the spring of 2006, the tycoon hosted a glitzy event at Trump Tower to introduce Trump Mortgage LLC, a new firm that specialized in selling residential and commercial real estate loans. He devoted a floor of the Trump Organization headquarters at 40 Wall Street to the new business. And his picture appeared atop the company website with the instruction: “Talk to My Mortgage Professionals now!”
“I think it’s a great time to start a mortgage company,” Trump told a CNBC interviewer in April 2006, adding that “the real estate market is going to be very strong for a long time to come.”
"Within 18 months, as the experts’ worst fears began to pan out and home prices began to dip, Trump Mortgage closed, leaving some bills unpaid and a spotty sales record that fell short of Trump’s lofty predictions. Trump distanced himself from the firm’s demise, saying at the time that he had not been involved in the company’s management and that its executives had performed poorly."
"As a presidential candidate a decade later, Trump says he would use the skills that made him successful in real estate to fix Washington. His decision to embrace the mortgage business illustrates the potential dangers of a business philosophy that has relied in part on a willingness to put aside the advice of experts and take risks."
https://www.washingtonpost.com/politics/trump-mortgage-failed-heres-what-that-says-about-the-gop-front-runner/2016/02/28/f8701880-d00f-11e5-88cd-753e80cd29ad_story.html
Yet supposedly the case for electing Trump is that he's this brilliant, successful businessman. That wasn't too brilliant.
As for ignoring advice, it's' pretty clear he never listens to the voice of reason in any of his decisions. And we've already heard him talk about stuff like arming the Japan and South Korea and ruling in the possibility of using nuclear weapons.
Some have suggested that calling Trump dangerous is not a winning campaign strategy. Then they must have never heard of Barry Goldwater.
LBJ had the most famous negative ad in history: the Daisy ad. Amazing, Trump makes the Daisy ad relevant again. You could play it today and just change the name. Whoever thought that would happen?
Hillary linked his comments in 2006 to a larger point: If he wins, American loses.
"In a series of tweets on Tuesday, the Democratic presidential frontrunner's account slammed Trump for a 2007 claim that he was "excited" about a potential downturn in the housing market because he "always made more money in bad markets than in good markets."
"How cruel do you have to be to actually root for a crisis that would devastate millions of families, all to pad your own pockets?" Clinton's account wrote.
http://www.businessinsider.com/hillary-clinton-trump-housing-crisis-2016-5
If Trump wins, America will do more than just lose. It will be over.
http://www.newyorker.com/news/daily-comment/the-dangerous-acceptance-of-donald-trump?mbid=social_twitter
The real danger is in normalizing him as Hillary correctly warns.
Another brilliant Trump prediction: 2012 when he said that 'If Obama wins, gas prices will go through the roof.'
He had claimed that the President had a deal with the Saudis to hold them down a little before the election.
"As some economists and Wall Street traders began to sense danger ahead of the crippling housing market collapse of 2008, Donald Trump waved away the worries and offered a concrete expression of confidence in the industry."
"In the spring of 2006, the tycoon hosted a glitzy event at Trump Tower to introduce Trump Mortgage LLC, a new firm that specialized in selling residential and commercial real estate loans. He devoted a floor of the Trump Organization headquarters at 40 Wall Street to the new business. And his picture appeared atop the company website with the instruction: “Talk to My Mortgage Professionals now!”
“I think it’s a great time to start a mortgage company,” Trump told a CNBC interviewer in April 2006, adding that “the real estate market is going to be very strong for a long time to come.”
"Within 18 months, as the experts’ worst fears began to pan out and home prices began to dip, Trump Mortgage closed, leaving some bills unpaid and a spotty sales record that fell short of Trump’s lofty predictions. Trump distanced himself from the firm’s demise, saying at the time that he had not been involved in the company’s management and that its executives had performed poorly."
"As a presidential candidate a decade later, Trump says he would use the skills that made him successful in real estate to fix Washington. His decision to embrace the mortgage business illustrates the potential dangers of a business philosophy that has relied in part on a willingness to put aside the advice of experts and take risks."
https://www.washingtonpost.com/politics/trump-mortgage-failed-heres-what-that-says-about-the-gop-front-runner/2016/02/28/f8701880-d00f-11e5-88cd-753e80cd29ad_story.html
Yet supposedly the case for electing Trump is that he's this brilliant, successful businessman. That wasn't too brilliant.
As for ignoring advice, it's' pretty clear he never listens to the voice of reason in any of his decisions. And we've already heard him talk about stuff like arming the Japan and South Korea and ruling in the possibility of using nuclear weapons.
Some have suggested that calling Trump dangerous is not a winning campaign strategy. Then they must have never heard of Barry Goldwater.
LBJ had the most famous negative ad in history: the Daisy ad. Amazing, Trump makes the Daisy ad relevant again. You could play it today and just change the name. Whoever thought that would happen?
Hillary linked his comments in 2006 to a larger point: If he wins, American loses.
"In a series of tweets on Tuesday, the Democratic presidential frontrunner's account slammed Trump for a 2007 claim that he was "excited" about a potential downturn in the housing market because he "always made more money in bad markets than in good markets."
"How cruel do you have to be to actually root for a crisis that would devastate millions of families, all to pad your own pockets?" Clinton's account wrote.
http://www.businessinsider.com/hillary-clinton-trump-housing-crisis-2016-5
If Trump wins, America will do more than just lose. It will be over.
http://www.newyorker.com/news/daily-comment/the-dangerous-acceptance-of-donald-trump?mbid=social_twitter
The real danger is in normalizing him as Hillary correctly warns.
Another brilliant Trump prediction: 2012 when he said that 'If Obama wins, gas prices will go through the roof.'
He had claimed that the President had a deal with the Saudis to hold them down a little before the election.
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