The LuLac Edition #4,069, May 9th, 2019
Former White House Press Secretary Joe Lockhart lit into President Donald Trump on Wednesday morning after The New York Times reported the real estate mogul said Trump had financial losses of more than $1 billion between 1985 and 1994.
“I think this story settles a debate that’s been going on on whether he was a tax cheat or whether he was a terrible businessman,” Lockhart said during a panel discussion on CNN’s New Day program. “He’s a terrible businessman,” he asserted. “If you look at the reason he’s not paying taxes, it’s because he was losing money, that’s a reasonable position.”
The former White House official, who served under President Bill Clinton, then called Trump a “con man,” arguing that he has “played the long con now over 40 years.”
“A con man is someone who goes out of his way to take advantage of other people,” Lockhart continued, “and to lie to them and misrepresent his assets.”
Earlier in the segment, legal analyst Jeffrey Toobin pointed out that while Trump lost tens of millions of dollars, he continued to live large while his contractors and subcontractors suffered.
“He kept living like the billionaire he pretended to be,” Toobin said. “Why didn’t he feel any of the pain of losing this money? Why is it other people who had to sacrifice?” he asked. “The famous contractors and subcontractors he didn’t pay, but he never suffered at all.”
On Tuesday evening, the Times published an in-depth report analyzing a decade of summaries of Trump’s tax returns, revealing that the real estate mogul’s finances started unraveling years before it was previously publicly known. Although the president’s financial troubles and bankruptcies have been well documented, the report showed he lost substantial sums of money every year during the decade examined.
“If there was one era in his life that you thought he would have done well, it would have been this,” journalist Susanne Craig, who co-wrote the Times article, explained during an interview on MSNBC. “I wouldn’t have predicted that every year had a loss. This is a guy who wrote a memoir about Art of the Deal in 1987 and lost tens of millions of dollars that year,” she said.
The president has dismissed the report as “highly inaccurate Fake News.” He tweeted about the article on Wednesday morning, arguing that the massive losses were normal for real estate developers during the 1980s and 1990s.
Developers “were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered ‘tax shelter’ … you would get it by building, or even buying. You always wanted to show losses for tax purposes....almost all real estate developers did - and often re-negotiate with banks, it was sport,” Trump wrote on Twitter.
I would venture to guess that Donald Trump is cash poor and the reason he never wanted his taxes released is because people would see what a colossal failure he is/was/and will be.(Newsweek, LuLac)
The Downtown Wilkes Barre Business Association had a meet the candidates night on Monday. Here is coverage from The Citizens' Voice.
https://www.citizensvoice.com/news/wilkes-barre-candidates-talk-issues-at-forum-1.2479199
What I found was that the applause for all candidates was tepid at best. There didn’t seem to be an overall show of strong yelling and clapping for anyone. All candidates for Mayor, Controller and Council got the same amount of polite applause. I can’t really read anything into that but that surprised me.
Join our good friends at the Pittston Library for a free, family friendly event with 18 incredible, local photographers.
On opening night, May 10th from 5pm to 9pm, photographers will be available for a meet and greet while light refreshments will be served.
Photographs will also be on display on Saturday May 11 from 10am to 2pm
Some artwork will be available for sale. A portion of the proceeds will benefit the library.
No reservation is necessary, but do check it out.
Recently Governor Tom Wolf expressed dismay oer the Trump and GOP policies on climate change. “President Trump and Washington Republicans are failing to lead on climate. That means it's up to us.
Last week, I was excited to announce that Pennsylvania is joining the U.S. Climate Alliance -- a bipartisan coalition of states -- to reduce greenhouse gas emissions in line with the Paris Agreement. Working with other states, we can do what the federal government has refused to do and address the need for all of us to reduce greenhouse gas emissions. That's critical at a time when President Trump and his allies are working to roll-back federal regulations and energy efficiency programs. It's up to us to set an example for other states, and also build pressure on Washington to do what's necessary.
Tune in Sunday morning at 6 on 94.3 The Talker; 6:30 on 1400-The Game, NEPA's Fox .Sports Radio and 106.7 fm; and at 7:30 on 105 The River.
ECTV Live welcomes Wayne Hiller to the program during the week of May 13th. Mr. Hiller is the manager of the Electric City Trolley Museum which recently resumed its excursions for the summer season. ECTV Live is seen on Comcast channel 19 and can also be viewed on the electric city television YouTube page. Rusty Fender and David DeCosmo host the show which is directed by Mark Migilore.
ECTV Live is seen three times daily on Comcast channel 19 (61 in some areas) and can be viewed on your personal device on the electric city television YouTube page.
Want to hear some great parodies on the news? Tune in to WILK Radio at 6:40 and 8:40 AM on Mondays. As Ralph Cramden used to say, “It’s a laugh riot!”
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The Oakland Oaks won the second American Basketball Association championship, 4 games to 1,
over the Indiana Pacers in overtime, 135 to 131….The United States Navy announced that it would not seek a court-martial against any of the crew of the USS Pueblo, whose crew had been held captive in North Korea for 11 months after the ship's seizure in 1968, and then were questioned in 80 days of testimony taken by the Naval Court of Inquiry in Coronado, California.
U.S. Secretary of the Navy John Chafee disclosed that the court of inquiry had recommended a
general court-martial against the Pueblo skipper, Commander Lloyd M. Bucher and the officer in charge of the ship's intelligence section, Lieutenant Stephen R. Harris, for allowing the ship, equipment and codebooks to fall in the hands of the enemy. Secretary Chafee said that he had overruled the recommendation because the crew of the Pueblo "have suffered long enough" and added that "I am convinced that neither individual discipline, nor the state of discipline or morale of the Navy, nor any other interest requires further legal proceedings….The Sysco Corporation, the world's largest private distributor of food and related products to hospitals, schools, hotels, industrial caterers and other institutions ordering lower-cost foods in mass quantities, was founded in Texas by John F. Baugh, Herbert Irving and Harry Rosenthal. Sysco is an acronym for Systems and service company….
Saint Christopher, formerly venerated in the Roman Catholic Church as the patron saint of travelers, was dropped from the Church's liturgical calendar along with more than 40 other names of people who had been designated as saints. The image of St. Christopher had been on millions of medallions as a symbol of a prayer for safe travel, and the Caribbean Sea nation of Saint Kitts and Nevis commemorates his name as well. The 40 names had been dropped following research within the Vatican that concluded that the persons identified as saints had never actually existed. In addition to Christopher, Saint Susanna — for whom a Roman Catholic Church for American visitors to Rome was built — was also dropped from the list…..The Battle of Hamburger Hill, which would prove to be the most costly U.S. offensive of the Vietnam War (with 72 Americans killed, seven MIA and more than 400 wounded) began as an air strike during Operation Apache Snow. Major General Melvin Zais ordered a U.S. Army jet and helicopter assault against North Vietnamese artillery on Hill 937 of the South Vietnamese mountain range of Dong Ap Bia, and paratroopers from the 101st Airborne Division were sent in the next day….in Pennsylvania Senator Dick Schweiker strikes an independent pose on the battle of Hamburger Hill
and in Wilkes Barre the coalition majority of Republican Ethel Price and Frank Crossin continue to hold the Majority when crucial county votes are taken…and fifty years ago the number one song in LuLac land and America was “The Boxer” by Simon & Garfunkel
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