From: -hh <recscuba_google@huntzinger.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: Nobody REALLY Cares
Date: Thu, 17 Apr 2025 21:27:48 -0500
Organization: A noiseless patient Spider
AlleyCat <katt@gmail.com> wrote:
>
> On Thu, 17 Apr 2025 13:40:44 -0500, -hh says...
>
>>
>> FYI, quick follow-up:
>>
>> Goldman Sachs is now reporting that the USA?s tourism revenue loss will be
>> $90B just in 2025.
>
> Is that all?
>
> Florida:
> "In 2023, Florida's tourism industry generated a total revenue of $131
> billion from visitor spending. This amount reflects a 5%
> increase over the previous year, highlighting the state's continued
> appeal as a travel destination."
>
> So... Florida might lose, what... 10 billion, tops?
GSâs estimate is their initial one; it will invariably be updated as new
data arrives (such as the -30% drop in import).
> We'll be JUST fine, thank you very much.
FL Real Estate sell-off bubble now quite overt:
https://x.com/newslambert/status/1912894546205200728?s=61&t=BwOr14HsTzyD0gnJjDCtLA
>> Of course, there will be some in the cheap seats who will refuse to realize
>> that math like this is why Trump went bankrupt 6 times
>
> Trump did not "go bankrupt". That is a misnomer.
>
> Billionaires bankrupt their own companies on a basis a bit more frequently than you think.
>
> THAT'S the cost of doing business.
No, whatâs typical is to shut down the incorporation and create new ones
without incurring unnecessary additional administrative expenses of letting
the courts meddle.
> Trump's companies declaring bankruptcy is not a new thing.
>
> I think Trump's 6 bankruptcies is pretty good, considering this:
>
> The number of companies that go bankrupt each year is approximately
> 22,000. That's how many business bankruptcies were filed in
> 2021, according to the American Bankruptcy Institute, so there were
> probably more in the following years when Biden's economy
> went to shit with near double-digit inflation and the highest gas prices, ever.
Exceptâ¦
Most businesses are small businesses & donât last 5 years.
> 6 whole bankruptcies over HOW many years?
Plus how many additional failures which didnât get as far in the holeâ¦?
From a business acumen perspective, itâs already been noted that Trump
would have really been rich (& more than heâs ever claimed) if he had
simply done nothing and invested his inheritance in a SP500 passive index
fund.
-hh