Understanding America’s Future Under Trump


Trump Taj Mahal, Atlantic City, via Wikipedia

Trump Taj Mahal, Atlantic City, via Wikipedia

With very little fuss or national media attention, Trump Taj Mahal in Atlantic City, New Jersey, is being liquidated. All references to Trump have been carefully removed but, make no mistake, this is Trump Taj Mahal, Donald Trump’s biggest project, which is being sold to the highest bidder.

Photo Credit: Mark Makela for The New York Times

Photo Credit: Mark Makela for The New York Times

This week, the contents were sold. A liquidation specialist, National Content Liquidators, had price tags on everything; furniture – some of it pretty tacky – and linens, supplies and miscellaneous gambling paraphernalia. All being sold. Two bankruptcies, stiffing creditors and bondholders. At least five homicides. A billion dollars in other people’s money. Trump called it the “Eighth Wonder of the World.”

New York Times reports people were in line early in the morning to get their kitsch bargains.

Trump himself lost any ownership interest coming out of the second bankruptcy. But his name was on it until it closed in 2016.

Don’t confuse this financial debacle with Trump Plaza, another Trump Atlantic City casino, also failed. Also closed.

This is the man who ran on his reputation as a successful businessman.

But it’s a pretty good signpost for Trumpian America. Maybe we should be getting in line for the liquidation sale?

 

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