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Friday, October 28, 2016

Donald Trump's insane banter about the Clinton Foundation continues.

It is important to note that nobody is actually leaking anything about Donald Trump's emails. And Donald Trump would be the only president over the past 30 years to not release his income tax papers. 

It is also important to note that when Donald Trump received close to 2 billion dollars in debt forgiveness back in the 90's, (around 900 million from the IRS and 900 million from his investors desperately trying to salvage some of the Trump properties that were headed for bankruptcy), that to actually pay back that almost 2 billion dollars in debt would have required AT LEAST another 1 to 2 billion dollars in interest rate charges and perhaps 5 to 10 years to pay back that debt. So in total, Donald Trump received at least 3 Billion dollars in debt forgiveness.

It also important to note that bankruptcy laws were changed and significantly toughened against consumers, and one wonders if there is a smoking gun pointed at Donald Trump's excesses that led to the clamping down on the consumer!

It is important to note the 3 billion dollars in total debt forgiveness that Donald Trump has received has basically allowed Mr. Trump to pay for his 2016  ENTIRE  PRESIDENTIAL CANDIDACY, with about 2.5 to 2.8 billion dollars left over.

So when Donald Trump talks about Bill Clinton being greedy, lets have context. How much money has gone to actually help those in need via the Clinton Foundation, and how much money is still slated to help those in need, and how much money was Bill Clinton paid to speak? What are the ratio's we are talking about? 

If, and I stress IF, Bill Clinton has received 10 million dollars in public speaking fees while the Clinton Foundation collected a billion dollars, I don't see anything wrong with that. As I recall, Bill Clinton is only paid a dollar a year from the Clinton Foundation, so where is his income coming from. Um, Public speaking perhaps?

So lets end the spittle that being paid to speak is automatically some type of infraction and show me the money.  If you can cite that the Clinton Foundation has raised a billion dollars, and Bill Clinton  has received 100 million dollar in speaking fees, that would concern me,  unless the speaking fees were the reason that the Clinton Foundation received the billion dollars, then it would not.

The premise Donald Trump is using is that Bill Clinton is not allowed to be a millionaire because he runs a Foundation, even as Donald Trump has basically being forgiven almost 3 billion dollars worth of debt.



Please consider signing the Debt Neutrality Petition by by clicking here.

2 comments:

Joseph said...

Superb post. I may quote a good chunk of it, if you don't mind.

Alessandro Machi said...

Not at all. Thank you Joseph.

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