A Chicken in Every Pot
Forty years ago living in N.Y. I was never a Fan of Donald Trump. It had nothing to do with his personal Philosophy, his Political views, his Mannerisms or his Personal Habits. It was the way he handled Money, that turned me off. 1978 when I worked for Solomon Brothers Investment Banking Brokerage House. The first year in a low level job I received a Christmas Bonus of Eight thousand Dollars. One year later when I became Eligible to invest in the Company’s matching Fund Program. Knowing that whatever I Invested, the Company would match the amount. I treated my Money like Monopoly Money. The first year all my Investments were 100% in High Risk.
At the end of the year I was Blown away by how much Money I had made. This is not a Stock Trade Blog, that was just to show you what smart Money handling can do. Now you wonder why Forty years later I still don’t like Donald. If my Father left me 450 Million Dollars, over Forty years of smart Money handling it would be close to Billions. The way he invested that 450 Millions were like when Michael Jackson went shopping, One of this , Five of that and so on. Spending like that doesn’t grow your Wealth, it Diminishes it. Investing in the Stock Market is not For everyone, neither is investing in Real Estate. For instance Curtis who worked on a Loading Dock in New Jersey, hit the Lottery for Six Million Dollars.
As a result of poor Money handling, within one or more years, he had depleted his Lottery winnings and ended up back in his old job. If I invested One Million in High Risk for Six Months it would be worth Millions or Zero after Six Months. That’s how High works. So I ask myself how come Trump is only Paper Rich after Forty Years. When you are Paper Rich, all it represents is Assets, Assets are only Holdings that are Riddled with Debts. Sometimes the Money under your Mattress is worth more than Assets. So why would I believe Trump telling me that he knows more about Money than anyone, Such a Lie. When I worked for Solomon the C.E.O. John Gutfreund made 12 M per year with a 12 Million Bonus.
He Earned the Title King of Wall Street. When he took over the Company, Solomon was an Obscure Name. With his Leadership Solomon Rivaled Goldman Sachs, that’s how someone who knows about Money works. If John had Aspired to become President, every American would have a Chicken in his Pot and Two Thousand Dollars in the Bank. And there you have it, the Motivation for this Blog. Mr Trump’s Legacy is Tarnished from A-Z. The way he handled the Corona Virus made me like him less. My Mother have always told me that there were Good in everyone, even though I questioned her Wisdom on that. Trump has been Lame Duck for Ten Months.
Now all of a sudden Donald the President has surfaced. Slapping Congress in the Face by Criticizing the Stimulus offer of Six Hundred Dollars, that won’t even put a Chicken in the Pot, after you have given it all to your Landlord as a Down payment towards your back Rent. That is the Donald I have waited four years to see. He got your Votes from promising to be a Man for the Poor Working Slob. Yet he spent his first Three years Tweeting. Now the President has surfaced, Thirty Days before leaving Office. If he had came out fighting Congress like he is doing now , and did a better job handling Covid19, he would have been there a second Term.
when the Game is in Double Overtime, trailing badly, he comes out swinging. My Views would have been Different if he had not Twiddled away his Tenure. Remember me telling you that his Penchants were not my concerns, only the way he handled Money, and the way he did his Job. Other than that, I am blown away by his Charismatic Gregarious Nature. So even if Mitch beats him on this One, it’s the Thought that counts. Losing to Mitch McConnell is no Disgrace, the American People is used to losing to him. You had your Moment in the Spotlight, move on Gracefully, like a King Abandoning his Throne for the Greater Good of his People. The American People thanks you for showing up Mitch and McCarthy. Thier’s is not a Congress of the People, for the People by the People. After Fifty years of paying Taxes, I don’t mind giving away my Money to other Taxpayers who finds themselves on a Mile long Line waiting for a Handout of free Food. As I am finishing up this Blog I hear the News that Mitch and the Gang defeated the Vote for Two G’s, so that we can pay for the Three Martini Lunches. The Mid Term is not that far away. Voting Party Lines sometimes is cutting your own Throat.