Showing posts with label Trump Mortgage. Show all posts
Showing posts with label Trump Mortgage. Show all posts

Tuesday, March 01, 2016

Trump the Incompetent

The Times reports the welcome news that Hillary Clinton's brain trust is taking the Trump threat very seriously and studying approaches to convince the disaffected that his promises are empty. Here's the emerging Democratic thinking, according to Amy Chozick and Patrick Healy:
The plan has three major thrusts: Portray Mr. Trump as a heartless businessman who has worked against the interests of the working-class voters he now appeals to; broadcast the degrading comments he has made against women in order to sway suburban women, who have been reluctant to support Mrs. Clinton; and highlight his brash, explosive temper to show he is unsuited to be commander in chief.
One potential problem, as Greg Sargent argues this morning, is that the "heartless businessman" attack used on Romney may not work in this case, because the nature of Trump's appeal is different. His followers respond to his assertions of "strength" -- and past heartlessness may only reinforce that. It might be more effective, as Kevin Drum has suggested, to point out Trump's serial business failures -- emphasizing not just that he hurt people, but that his promises were empty, his judgment comically bad, his execution terrible.

The Washington Post's account yesterday of the rise and swift fall of Trump Mortgage (founded in 2006!) provides a distilled essence of Trump's art of the debacle. Here's the Rise and Fall pattern, recounted by Tom Hamburger and Michael Kranish:

1. Ignore market signals
“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.”