Da Wall

Apr. 24th, 2017 07:28 am
hudebnik: (Default)
[personal profile] hudebnik
So Da Trump wants this week's continuing budget resolution to include billions of taxpayer dollars to build a wall on the Mexican border. The wall won't keep out illegal immigrants, won't keep out drugs, won't serve any useful purpose except to allow Donald Trump to say that he kept a campaign promise -- while conveniently ignoring the other half of that campaign promise, "Mexico's gonna pay for it." Trump says "Oh, Mexico will pay for it at a later date, but we need to get started on it now." Huh?

Let's put this in terms the President will understand, with a real estate analogy. Suppose you were working on a development project, courting two investors, V and M. You tell V that M is going to invest (despite M's repeated public statements that he has no intention of investing), and V somewhat dubiously signs onto your project. M continues saying publicly that he has no intention of investing. M has nothing to gain from the project, and you have no plan to entice or force M to invest that doesn't cost you more than it costs M. Would you put your own money into the project, on the assumption that M would eventually invest and you could reimburse yourself from M's contribution? Would you expect V to put more money into the project, promising V that M would eventually invest and you could reimburse V from M's contribution?

Wait -- that's not just an analogy. That's exactly how the President has actually been putting together real estate deals for decades: lie to one investor about another investor's commitment. As long as none of your own money is on the line, it's all good: if the project goes through, you get a cut of the profits, while if it doesn't, your investors are stuck with the losses. In either case, you go on with your life, find another gullible investor whom you haven't burned yet, and repeat the cycle with a new project.

Date: 2017-04-28 10:03 am (UTC)
hazard: (Default)
From: [personal profile] hazard
"the wall" makes me want to scream and throw things

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