Trump: I Help Myself Before I Help Others

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Hillary Clinton gave a big speech today laying out the case that Donald Trump is a lousy businessman. Trump’s counterargument, as usual, is that bankruptcy laws are there to be used, and anyway, only four out of his hundreds of companies have ever gone bankrupt. Oddly enough, this is actually true—but only in a hypertechnical sense, not in any sense that actually matters.

The real story is that he went enormously into debt in the late 80s, did a lousy job of running his casinos, and went completely bust. He only avoided personal bankruptcy because his creditors decided it was better to put him on a strict allowance and keep him on the team that liquidated his assets. When Trump finally recovered, no one would loan him money anymore, so he suckered the public into doing it. His shiny new publicly-traded casino company was the only time we ever got a real look at how Trump runs his companies, and it was a disaster. Trump paid himself millions, but the company never made a profit and eventually went under. Mom and pop investors lost everything. If you want all the gory details, Matt Yglesias rounds them up here.

Anyway, this is just a long windup to share with you his campaign’s response to Hillary’s speech:

Ladies and gentlemen, your Republican nominee for president. Makes you feel proud to be an American, doesn’t it?

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate