Donald Trump in 2006: ‘I Sort of Hope’ the Housing Market Crashes
Posted by Michelle Moquin on May 25th, 2016
Good morning!
After all Trump says and does, did you ever imagine he would be in the position of running for president? Whoever thinks Trump has the country’s best interest at heart is either stupid or thinks they’re going to make it to the 1% to do what he’d like to do. Or both, with the latter proving the former.
Here’s the write from NY Mag:
Donald Trump in 2006: ‘I Sort of Hope’ the Housing Market Crashes’
At least once a week for the past 11 months, Donald Trump has offered the public a new, lurid reason why he should never be president. The litany has become (perilously) familiar: He stigmatizes vulnerable minorities, advocates for war crimes, demeans the disabled, displays contempt for women as often as he blinks, encourages political violence, brags about the size of his penis on national television, contemplates nuking Europe, etc., etc.
But all of the rhetorical sewage that’s forever spewing from Trump’s gaffe hole has obscured a more mundane — but no less important — disqualification for the Oval Office: Trump has no intention of divesting himself from his corporate empire upon inauguration, despite the myriad conflicts of interest his businesses will inevitably produce.
On Thursday night, CNN unearthed a ten-year-old Trump quote that highlights the danger of electing a real-estate-mogul-in-chief:
Two years before the housing market collapsed in 2008 and millions of Americans lost their homes, Donald Trump said he was hoping for a crash.
“I sort of hope that happens because then people like me would go in and buy,” Trump said in a 2006 audiobook from Trump University, answering a question about “gloomy predictions that the real estate market is heading for a spectacular crash.”
“If there is a bubble burst, as they call it, you know you can make a lot of money,” Trump went on to explain in an audio textbook from his con of a business school. “If you’re in a good cash position — which I’m in a good cash position today — then people like me would go in and buy like crazy.”
In 2o12, Mitt Romney placed his complex private-equity investments into a blind trust, to assure the public that their president would not be influenced by private financial incentives. Trump, by contrast, plans to cede control of his diverse holdings to his immediate family members, and the Donald has never been one to delegate — this is a billionaire who does his own publicity.
If President Trump decides he can’t trust the kids to watch the shop, there’s little anyone could do to stop him from effectively running his company and country at the same time. American law bars regular Executive-branch employees from participating “personally and substantially” in any government matter that could affect their own financial interests. But, incredibly, the president is exempted from that rule. According to CNBC, Trump would be within his legal rights to remain his company’s chief executive, even while serving as America’s commander-in-chief. At that point, the only thing that could restrain Trump from putting his financial interests ahead of the public good would be his own sense of shame.
In 2006, the Donald “sort of” hoped for a housing-market crash. What will President Trump sort of hope for in 2017?
*****
Great question. I plan on never having to think about it or even care. Trump will not make it to the white house.
Readers: Thoughts? Blog me.
Lastly, greed over a great story is surfacing from my “loyal”(?) readers. With all this back and forth about who owns what, that appears on my blog, let me reiterate that all material posted on my blog becomes the sole property of my blog. If you want to reserve any proprietary rights don’t post it to my blog. I will prominently display this caveat on my blog from now on to remind those who may have forgotten this notice.
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michelle
Aka BABE: We all know what this means by now :)
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May 25th, 2016 at 10:25 am
If he were an OTW. His run for POTUS would be over. But since the whiteboy is for him, we are told to look over that statement.
May 25th, 2016 at 10:27 am
I can’t believe we would actually consider having a person who said that for POTUS. I guess what he said about killing someone in the street wouldn’t cost him the presidency.
May 25th, 2016 at 10:28 am
This white male will not be voting for the creep.
May 25th, 2016 at 10:30 am
How can anyone take this greedy bastard seriously?
May 25th, 2016 at 10:33 am
It is so good to have you back Michelle. We need to be informed about what this idiot is saying. We certainly can’t count on the media to keep us informed. The public needs to know what he was saying before he thought he was going to run for POTUS.
May 25th, 2016 at 10:37 am
So many of my friends are mad. We may be latino americans, but we were born here and this is our country too. I have stopped accepting my white friends for just their word that they don’t support this racist misogynist. He has a lot of support and it isn’t coming from OTWs.
May 25th, 2016 at 10:42 am
Chris@2, you should believe it. The entire white privilege system is based upon just this kind of racism. Most white males are ecstatic that they can now disrespect OTWs by saying they are just not being “politically correct.” Trump isn’t the first time white America has floated one of their bigots for POTUS. Remember George Wallace?
They have no problem supporting racists as long as the candidate isn’t perceived to be anti white.
May 25th, 2016 at 10:45 am
Michelle, I hope you can open the eyes of people who are eligible to vote. They need to get registered and vote. This is scary. It’s like some last ditch effort by racists whites to hold on to their privileged standing.
If they get to stack SCOTUS, the rights we have attained as OTWs will revert back to the days when we were but servants for these bastards.
May 25th, 2016 at 10:47 am
Michelle, I hope you can inspire white women to think about supporting Trump. If he appoints a Supreme Court, it will be a disaster for women.
May 25th, 2016 at 10:53 am
Michelle, many of my white female friends are lining up to support Trump. I am appalled and astounded. What is going on? Even if white women believed this liar could improve the economy, why should women care if their quality of I life will not improve because they will be kept from being equal to men.
I want equal pay. I want men to stay out of my panties and ovaries. I don’t need to be told that I have to check with them before I can use birth control.
Nothing seems to reach these women. I remember back in the day when Robert said that white women follow white men in lock step. I was highly offended. But it seems he knew more than I did.
May 25th, 2016 at 10:54 am
I am really curious to hear what Zen Lill has to say about Trump.
May 25th, 2016 at 10:56 am
I hope we are just seeing white women pretending to support Trump. I can’t believe my fellows are that dumb.
May 25th, 2016 at 10:58 am
The way I see it is if OTWs don’t find trump enough of an incentive to get their asses to the polls and send the moron back to New York, then they deserve what they get if he gets POTUS.
May 25th, 2016 at 11:00 am
When It comes to men, the republican don’t have a monopoly on selfishness. Look at Bernie. And again white women are lining up to support him over Clinton.
May 25th, 2016 at 11:13 am
Larry#4:
As long as white America believes Trump will keep them on top of the OTW when it comes to benefits, rights, privileges, he will be supported. What scares me is the number of Asians that believe they are on the same benefit bus as white males.
It just goes to show you the old adage If you don’t know your history, you are doomed to repeat it. It wasn’t that long ago that millions of Chinese were killed or deported back to China after they helped build the railroad for white America or that Japanese americans were put into concentration camps.
May 25th, 2016 at 11:15 am
Patricia#12 – It is my fervent hope that you are right. But considering all the white male misogynists they have helped to put in Congress, I doubt it.
May 25th, 2016 at 1:23 pm
If you think that Trump cares about anything but furthering his brand, you are an idiot.
May 25th, 2016 at 6:11 pm
Welcome back Michelle!! Welcome back your movement!
This current political race is like a suspense film. Lots of twists n turns and curve balls. The fact that Tro is viable is downright scary. And Bernie surprises again : http://thehill.com/blogs/ballot-box/presidential-races/280941-sanders-names-cornel-west-keith-ellison-to-platform-
/SB
May 25th, 2016 at 6:12 pm
…trump. Not Tro … (Somethings stay the same – my ineptness )
/SB
May 25th, 2016 at 6:28 pm
http://thehill.com/blogs/ballot-box/presidential-races/280941-sanders-names-cornel-west-keith-ellison-to-platform
/SB
May 26th, 2016 at 6:01 am
Social Butterfly@18
I couldn’t access your link, but even here in Wales we can understand the difficulty Mr Sanders is bringing to the ability of your democratic party to focus on the scary Trump republican nominee. The very concept that a major political party could offer a person with his obvious inability to understand world affairs is astounding.
May 26th, 2016 at 6:04 am
Social Butterfly Says: May 25th, 2016 at 6:12 pm
I wouldn’t worry about how you pronounce or spell the idiot’s name. He is a No trump bid in a serious bet for world peace and economic stability.
May 26th, 2016 at 6:06 am
Social Butterfly, I am happy to see you back. It appears you return with the same benefits you left with, the ability to get in when others obviously can’t. I tried for hours to breach that gap after 2Pm. No luck. Hope this one gets in.
Still I love the way you have of putting your finger on crux of the matter.
May 26th, 2016 at 6:11 am
So the players are returning. Can Robert, Zen Lill, Howie, Al and ugh, George be far behind? I like Pres. Obama’s quote on trump or tromp.
“[He only has] an interest in getting tweets and headlines instead of actually through about what it is that is required to keep America safe and secure and prosperous and what’s required to keep the world on an even keel.”
May 26th, 2016 at 6:13 am
The way I see it both Bernie and Trump are white men who can’t see anything beyond them becoming POTUS. Both will stoop to any level to gain that office.
May 26th, 2016 at 6:17 am
Hafa Adai
It’s the most anticipated music event of the year featuring the Pacific’s finest musical acts. The third Lotte Duty Free Guam Live International Music Festival returns to Tumon this Sunday.
Ladies, that means Rapa Nui and Cook Islands will be in the house!
Social Butterfly glad to see you back. Think Guam for your next holiday. The Girlz of Guam would love to see you in person.
May 26th, 2016 at 7:15 am
I’m just so happy your blog is back. Many of my friends had stopped calling. We used to converse about what was said on your blog and by whom. How I miss those days.
June 9th, 2016 at 9:10 am
[…] Barbara: I’m with you. I feel the same way. I want our president to empathize with women. Only a woman can do that. Men will never be able to walk in our shoes or understand our issues, concerns or the plight of women around the world. I’m sick of men trying to sympathize by pitying us because that compassion only goes so far. I appreciate the gesture when it’s sincere but sympathy is as far as a man can go. And it’s not enough for us women to get done what we want to get done. […]
June 11th, 2016 at 10:24 am
[…] Kersha, Holly: I will do my best. And the best needs to come from everyone in order for us to succeed in stopping Trump. Happy to be here with readers who have a passion and purpose to do this. There’s a lot at stake. […]