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Donald Trump, he is the greatest at all the deals and the money, but he is REALLY the best at not paying people what he owes them. Guess what! He thinksAmerica should do that too! Stiffing our creditors? What could go wrong?


See, as Mister Donald J. Trump sexplains, the country owes a lot of "debt." So why not just call up your grandma who bought you a $5 treasury bond that on your 75th birthday will be worth $50 and ask her if it's okay if your $5 treasury bond is worth $3 instead. Grandma Millie won't mind, right? After all, Grandma Millie LOVES GETTING FUCKED IN THE ASS.

Asked whether the United States needed to pay its debts in full, or whether he could negotiate a partial repayment, Mr. Trump told the cable network CNBC, “I would borrow, knowing that if the economy crashed, you could make a deal.”

He added, “And if the economy was good, it was good. So, therefore, you can’t lose.”

Oh, can't you? Walk it back, Mister Trump:

Pressed to elaborate on his remarks, Mr. Trump did appear to step back. He said that he was not suggesting a default, but instead that the government could seek to repurchase debt for less than the face value of the securities. The government, in other words, would seek to repay less money than it borrowed.

Well, I am very sure nobody will mind, it will not cost billions and billions in higher interest rates (like when "real conservative" Ted Cruz cost the country $19 billion to make a point, the point being "holy shit everyone hates Ted Cruz"), and the entire "full faith and credit" of the United States would not become a tragic and hilarious Zimbabwe-style laughingstock.

New York Times, got any ways Donald Trump is a total crook who will make Enron's Ken Lay look like ... oh, sorry, I tried to come up with an example for "a corporate person or businessman known for having good ethics," and came up with bupkis. Anyway, he would make Ken Lay look "better":

Repurchasing debt is a fairly common tactic in the corporate world, but it only works if the debt is trading at a discount. If creditors think they are going to get 80 cents for every dollar they are owed, they may be overjoyed to get 90 cents. Mr. Trump’s companies had sometimes been able to retire debt at a discount because creditors feared they might default.

(It is because he is always declaring bankruptcy, because he is terrible at business.)

Have fun crashing the world economy, America!

[NYT]

Rebecca Schoenkopf

Rebecca Schoenkopf is the owner, publisher, and editrix of Wonkette. She is a nice lady, SHUT UP YUH HUH. She is very tired with this fucking nonsense all of the time, and it would be terrific if you sent money to keep this bitch afloat. She is on maternity leave until 2033.

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'Bella" by Wonkette Operative 'IdiokraticSubpoenaKommissar'

Sunday already, which means a substantial portion of US America is preparing to be astonished/heartbroken/outraged by the series finale of that show with the dragons, while another portion is just going to stay off Twitter for three days because nothing will make any sense. Yr Dok Zoom tends to come very late to trendy things, so get ready for our own thoughts on the gamy thrones show sometime in about 2023, or never. But we'd be glad to tell you just how much we enjoy the brilliance and humanity of the Cartoon Network series "Steven Universe," which debuted in 2013 and we started bingeing on the Hulu last month, late again.

Hell, we still want to talk about that one Mrs Landingham episode of "The West Wing," which we first watched years after it aired (We finally bought our new used car yesterday, and know one thing: don't drive over to the White House to show it off to President Bartlet). We might even get around to reading Infinite Jest someday. We hear it has something to do with a superhero team and a guy named Thanos. So hey, let's talk about culture and missing out and patching together some knowledge of what's happening anyway.

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Get Me Roger Stone

Roger Stone, his wife would like you to know, is broke. And he is not dealing with it well. Once in khaki suits, gee, he looked swell, full of that yankee-doodle-dee-dum, but now no one calls him Al anymore and he has to stand on a street corner singing "Brother Can You Spare A Dime?"

Yesterday, the conservative but also kind of Never Trumper site The Bulwark revealed the details of a grifty "fundraising" plea sent out by Stone's wife Nydia, begging supporters to give money to the Stones in order to help them keep up the lifestyle to which they have become accustomed.

It was titled "I am embarrassed to write this."

"Dear Friend," begins the missive. "My husband and I have an urgent new problem and we need your help. I told my husband I was going to write you, one of his most valued supporters. I am embarrassed to write this, but I must."

"Mrs. Roger Stone" tells a tale of woe: FBI agents swooping in on them at the crack of dawn to arrest her husband, a subsequent "fake news" feeding frenzy causing friends and fans to abandon the Stones.

"He laid off all our consultants, contractors and employees, and we have 'pulled in our belts' like so many Americans in 'tight times,'" she wrote, sounding for all the world like a plucky working-class patriot, not the wife of a man who made and lost his fortune lying in the service of power.

She should have been more embarrassed.

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