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Trump Livid After ‘Newsweek’ Reveals He Lied About MBA Degree From Wharton University
Tasha Davis- Political Writer - May 9, 2018

http://bipartisanreports.com/2018/05/09/trump-livid-after-newsweek-reveals-he-lied-about-mba-degree-from-wharton-university/


Let’s be clear about something, all politicians stretch the truth, but Donald Trump breaks it into a million different pieces and then scatters those pieces to the winds. A lot of those lies center around his businesses. Trump claims he is a great businessman, but he really isn’t and Newsweek’s Kurt Eichenwald, who has spent an extensive amount of time covering Trump, can prove it. On Eichenwald’s Twitter feed, you’ll find a list of everything he has uncovered over the course of his investigation into Trump’s past, but this article will focus solely on Trump’s business ventures.

Let’s start at the beginning of Trump’s career. The President-Elect claims his father gave him a “small loan” which he turned into a multi-billionaire dollar real-estate empire. But that simply isn’t true. For starters, Trump’s father loaned him more than $10 million dollars and his early business ventures were all failures.

FIRST PROJECT, GIVEN TO HIM BY HIS DAD, LOST MONEY, ACCORDING TO STATE RECORDS. TRUMP HAS PUBLICLY LIED THAT IT MADE MONEY.’

6. Trump’s first project, given to him by his dad, lost money, according to state records. Trump has publicly lied that it made money.

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

TRUMP’S SECOND PROJECT WAS A BROADWAY SHOW. IT BOMBED, CLOSING AFTER 96 PERFORMANCES. HE LOST HIS INVESTMENT.

7. Trump’s second project was a Broadway show. It bombed, closing after 96 performances. He lost his investment.

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

‘TRUMP’S CLAIM THAT HIS DAD GAVE HIM ONLY $1 M IS A LIE. HIS TRUST FUND WAS $1 MILL. DAD GAVE $10.4 M FOR A BOGUS CONSULTANT JOB… GUARANTEED $70 M LOAN, GOT HIM $35M CREDIT LINE, LAUNDERED $3.35M 2 DON IN ILLEGAL CASINO DEAL, LOANED $7.5M MORE (NEVER REPAID.)’

8. Trump’s claim that his dad gave him only $1m is a lie. His trust fund was $1 mill. Dad gave $10.4m for a bogus consultant job…(1 of 2)

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

..guaranteed $70 m loan, got him $35m credit line, laundered $3.35mill 2 Don in illegal casino deal, loaned $7.5m more (never repaid.) 2/2

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

It can be hard to get started. Maybe Trump just needed time to find his business sense. Unfortunately for his investors, Trump still hasn’t found it, as numerous Trump businesses have gone under.

‘LIST OF TRUMP FAILURES: TRUMPMORTGAGE, TRUMPFINANCIAL, TRUMP HOTELS & CASINO RESORTS, TRUMP SHUTTLE, GOTRUMP.COM…

TRUMP VODKA, TRUMP STEAKS, TRUMP TAJ, TRUMP CASTLE, TRUMP PLAZA, TRUMP DUBAI, TRUMP UNIVERSITY, TRUMP TORONTO, TRUMP HOLLYWOOD…

I COULD GO ON MANY MORE TWEETS LISTING TRUMP’S BUSINESS FAILURES. IT’D BE EASIER TO LIST THE TRUMP BUSINESSES THAT HAVEN’T FAILED.’

23. List of Trump failures: TrumpMortgage, TrumpFinancial, Trump Hotels & Casino Resorts, Trump Shuttle, https://t.co/YpGFDcXmYx…(1/3)

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

24. ..Trump Vodka, Trump Steaks, Trump Taj, Trump Castle, Trump Plaza, Trump Dubai, Trump University, Trump Toronto, Trump Hollywood..(2/3)

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

25. I could go on many more tweets listing Trump's business failures. It'd be easier to list the Trump businesses that haven't failed. (3/3)

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

Then again, maybe we shouldn’t be too surprised to learn that Trump isn’t a very good businessman. Most, though certainly not all, successful CEOs eventually earn their MBA, but Trump, despite what he claims, never has. He frequently talks about his degree from Wharton, but Trump never attended Wharton. He does have a BA in economics, but he did not earn that at Wharton.

5. While Trump suggests he has an MBA from prestigious Wharton graduate school, only attended undergraduate program for 2 years. Has no MBA

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

Not only are Trump’s business practices largely unsuccessful, they also fly in the face of his “America First” message:

‘TRUMP CALLS FOR RETURN TO AMERICAN STEEL. YET HE SECRETLY USED CHINESE STEEL ON HIS LAST 2 DEVELOPMENTS PROJECTS 2 INCREASE HIS PROFITS’

66. Trump calls for return to American steel. Yet he secretly used Chinese steel on his last 2 developments projects 2 increase his profits

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

‘TRUMP HAS SAID HE HAS BEEN FORCED TO USE CHINA TO MANUFACTURE HIS CLOTHING LINE BECAUSE NO ONE MAKES SUCH THINGS IN USA. THAT’S A LIE.’

70. Trump has said he has been forced to use China to manufacture his clothing line because no one makes such things in USA. That’s a lie.

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

In some cases, Trump’s business practices were even illegal. He bought building materials from companies with ties to organized crime and even violated the Cuban embargo:

‘TRUMP OPTED OUT OF USING STEEL ON MANY BUILDINGS, INSTEAD PURCHASING CONCRETE FROM BUSINESSES CONTROLLED BY GENOVESE CRIME FAMILY.’

67. Trump opted out of using steel on many buildings, instead purchasing concrete from businesses controlled by Genovese crime family.

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

‘IN 1999, TRUMP’S COMPANY SECRETLY VIOLATED CUBAN EMBARGO. MONTHS LATER, IN 1ST RUN FOR PRESIDENT, TRUMP SAID HE NEVER WOULD.’

‘TRUMP OFFICIALS WERE ADVISED TO HIDE THE PAYMENTS SPENT IN VIOLATION OF CUBAN EMBARGO AS BEING RELATED TO CHARITY WORK.’

63. 1.In 1999, Trump’s company secretly violated Cuban embargo. Months later, in 1st run for president, Trump said he never would.

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

64. Trump officials were advised to hide the payments spent in violation of Cuban embargo as being related to charity work.

— Kurt Eichenwald (@kurteichenwald) November 7, 2016

In summary, Trump’s talk of being a great businessman, like his promises to “drain the swamp,” appear to be little more than talk. If Trump lacks any real business sense then what is he bringing to the White House aside from a cabinet of billionaires?

Featured image via Getty Images.