10 February 2018

The Guardian: Trump's America will be saddled with debt – like his bankrupted hotels were

The Tea Party was a collection of strange people, including one candidate who promised she wasn’t a witch. But the strangest thing happened after Obama moved out of the White House, and an orange man moved in. That was when conservatives all across America decided they didn’t actually hate debt and deficits after all. [...]

Grand Wizard Trump first learned his magic debt spells when he built a palace called the Taj Mahal in Atlantic City. He called it the eighth wonder of the world, and it certainly was wonderful how the business went bankrupt a year after it opened. Five other Trump palaces went bankrupt the next year, but he waved his wand and everything turned out fine. For him. [...]

Normal people find it hard to borrow money or run businesses after so many bankruptcies. But they don’t know the magic spells that Trump knows, and they don’t have a TV show that makes any buffoon look like a real businessman. They also don’t have Russian wizard friends who buy lots of their property at ridiculously high prices because that’s how they do something they call “laundry”. [...]

And he was right. Nobody but Trump could have imagined that Republicans would vote for a trillion-dollar monster after so many years fighting a religious war against Obama for precisely the same thing. Nobody but Trump could have sold the idea of debt so well to the very people who said they hated it.

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