Pandemic deepens economic pain at Trump's company, already suffering from a tarnished brand

[yortsed snacilbuper]

The pandemic in particular has rattled operations at the company. With thousands of Trump’s hotel rooms empty, the company laid off or furloughed more than 2,800 employees and scoured for even the smallest savings.

It eliminated flowers, chocolates and newspapers at its New York hotel and turned off lights in common areas in its Chicago hotel to save on electricity, according to letters that hotel management sent to investors.

The damage of the past months appears extensive. Out of Trump’s five top-earning hotels and resorts, four of them — in Miami, Las Vegas, Scotland and Ireland — shut down in March and remained closed through May.

An analysis by The Post of Trump Organization revenue, based on Trump’s latest public financial disclosure, which covers 2018, indicate Trump probably lost out on tens of millions of dollars in revenue over the past three months.

link

[dalton99a]

1. He'll make up for it by stealing from the Treasury

say a billion or so

[SWBTATTReg]

2. Good. I hope rump suffers too, like so many have in this Country, that he seems to be so ...

out of touch with.

[louis-t]

3. Even without the tens of millions in losses

his businesses still rarely make money. From what I hear, the Scotland golf courses were losing millions.

[ProfessorGAC]

6. Debt Load Is Way Too High

Then with no actual $, they can use BKO to purge debt and protect modest personal assets.

[BComplex]

4. That's ok. He's got Mnuchin on it.

There's $500 BILLION dollars unaccounted for in the care package that congress passed and trump signed. Somehow that money will find its way into trump's pockets.

[keithbvadu2]

8. Or already has... No accountability

[smirkymonkey]

5. Once he's out of office, he will no longer be able to grift taxpayer money from the treasury.

And I have a feeling that the Trump "brand" will never recover. His most loyal supporters can't afford his properties and there aren't enough people who can afford it who would be caught dead there once he is out of power and his reputation has been thoroughly trashed. Besides, there are much nicer places they could go without bedbugs, roaches and mold.

That family is on their way out and down. I hope they all end up penniless and in prison. If they are called on all their debt they are screwed. Nobody else will ever give them a loan big enough to pay it.

[keithbvadu2]

9. Many millions in debt to both Putin and the Chinese.

Many millions in debt to both Putin and the Chinese.

Saudis also?

[smirkymonkey]

10. Probably. Once he can't do them any more favors they are going to come collecting.

He is useless to them as a private citizen. He's broke and deeply in debt. He will be involved in so many lawsuits that any money he does have left will be siphoned off by lawyers. He can't be pardoned for state crimes, of which there are many and if we have a Democratic president who won't pardon him or his children for federal crimes, there goes their business empire. They can't very well run a business from prison. And that's the end of their brand.

Donny the Con is going to be in deep shit. That is why he is so desperate to hold on to the presidency. He is screwed in so many ways if he doesn't.

[Demovictory9]

7. A previous attempt for outdoor tables earlier in Trump's presidency ended after pedestrians regularl

At the D.C. hotel, the patio seating plan was scheduled to restart again Friday. A previous attempt for outdoor tables earlier in Trump’s presidency ended after pedestrians regularly insulted hotel guests and staff, former employees said.

------------------------

he is really hated

[UTUSN]

11. K&R kickety kick

[Cha]

12. & BLOTUS did it to himself. If he hadn't of Claimed

it was a "democrat hoax" and wasted 70 precious days staging hatefest rallies & pissing around the golf source.. America could be like South Korea now.. as far as containing the CV.

But Nooooo