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A story about a pathetic man's downfall


Francisco 2.0

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9 minutes ago, Lobo said:

That's kinda what I figured without saying it.  It's been 150+ years of "We gotta stick together or we're fucked" 

I hear way, way more divisive talk about other whites regarding their religion than I do about their ethnicity/nationality.  No hyperbole, it's months between ethic/nation slurs between whites.  But on a weekly basis, it's commentary on the Evangelicals, the Catholics, the Baptists, the Jews, the Cowboy Churches, the Mega Churches,.  

But long posts and levity aside---I wonder as more and more Whites move here from California, New York, Illinois, etc.....if some of that Yankee white-on-white shit will begin to emerge here in Texas.  Or, as you say, will it actually chip away at some of those Euro-centric beefs as Texas becomes more and more a minority-majority state?  My bullshit aside, I think that's actually an interesting topic to explore on a different thread.  'Cause two things for sure---new births in Texas are people of color, overwhelmingly.  And the people currently moving here from all these other states are bringing some white-on-white bullshit with them from way on way back when. 

There’s been some interesting speculation that in the United States, the “founding” settlers attitudes and prejudices remain in place and influential even as the the people themselves become minorities.

And yeah, the religion thing. Most of the original Whites who came to Texas were part of the restless mass of obstreperous Scots-Irish who were not part of the Old South elite— hillbillies from the hilly parts of Tennessee, Virginia, Kentucky, and the Carolinas or poor whites in the planter areas.  And for centuries they could not have given less of a shit about various oddballs from across the channel but they knew they didn’t like Catholics and they had a long history of squabbling amongst themselves over Protestant obscurantism.

And that was definitely definitely the unspoken understanding. Mexicans were Catholic and that’s fine but being a Catholic White person was odd, probably suspicious and mostly for Yankees. Episcopalians were hoity-toity or Yankees or both. Presbyterians, Methodists, Baptists, Campbellites and their offshoots the default. Lutheranism…existed. Jews were not even thought about usually, but anti-Semitism was ABSOLUTELY a bizarre and inscrutable Yankee practice. Pentecostalism definitely not something respectable people did. 

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Deutsche Bank, Wuhan....

Season 4 Wow GIF by The Office

https://finance.yahoo.com/news/moneyman-behind-trump-media-company-233316506.html

Quote

From a WeWork office in Miami, an obscure financier by the name of Patrick Orlando has become an unlikely power behind what is, for a meme-stock minute, the ultimate MAGA stock: the nascent media company of former President Donald J. Trump.

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Orlando’s firm is set to be the money behind Trump Media and Technology Group, the former president’s attempt to fight back against Big Tech. Trump says he plans to start with a social network called Truth Social but has broader ambitions to create a conglomerate -- with news, streaming and technology businesses to compete with CNN and Disney+.

The company will go public through a merger with Orlando’s Digital World Acquisition Corp., and if all goes according to plan, it’ll happen before the 2022 mid-term elections, enabling Trump to reach millions of supporters after he was kicked off Twitter and Facebook for inciting insurrection in the Capitol.

Quote

The head-snapping news that Trump was seeking to launch his own platform via a special purpose acquisition company sent Digital World’s shares soaring, driven by retail investors piling in. The stock rose more than 350% Thursday. On Friday it jumped another 75%, giving the company a market valuation of almost $3.6 billion.

The deal brings together an unlikely cast of characters.

Quote

Orlando, a former Deutsche Bank AG derivatives trader, started banking firm Benessere Capital almost a decade ago. He’s also co-founded a sugar-trading company and worked for a sugar processor.

Most recently he’s embraced blank check companies. Orlando is also the chief executive officer of Yunhong International, a SPAC incorporated in the Cayman Islands and whose offices are in Wuhan, China. Yunhong raised $60 million last year and was meant to merge with battery manufacturer Giga Carbon Neutrality, but the deal was scrapped in September.

 

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2 hours ago, Lobo said:

Patty Orlando from Miami?

was Jackie Daytona from Tampa busy?

GQP: Believes all kinds of conspiracy theories about lizard people, Oprah and Tom Hanks trafficking little kids for their fluids, all kinds of weird shit about Hunter Biden.

Reality: Trump hires a former Deutsche Bank trader, who is CEO of a company based out of Wuhan, China.

GQP: So?

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26 minutes ago, Pancho said:

Are they turning on him?

 

 

 

Lol, no, they aren't turning on him.  They will bray and pontificate in public how they have been betrayed by Trump, but given the alternative, they will go right back.  

It's interesting, however.   Those folks feel that Hillary committed crimes of some kind, while some like him---who, if I remember correctly actually was in the capitol on January 6---did commit a crime, but in their minds, it was patriotism, not criminal activity.

 

 

 

 

 

 

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41 minutes ago, Francisco 2.0 said:

Lol, no, they aren't turning on him.  They will bray and pontificate in public how they have been betrayed by Trump, but given the alternative, they will go right back.  

Plenty of the Jan 6th types are.  Most of those people are not Rudy or Lin Wood or Sydney Powell or Mr. Pillow or Trump's inner circle.  They signed on because they thought they would get something, and the only thing they are getting are jail sentences, records, attorney fees, etc..  Wood, Powell, Rudy, etc. have access to plenty of money and aren't hurt by this.

These people are doing jail time, they are losing businesses, or jobs and money all the while Trump is raking in tens of millions in donations, even a hundred million or more.

Oh, and Trump, in their minds, had the ability to give them some kind of pardons on the way out of office, and while he pardoned his buddies like Mike Flynn, Joe Smith who paraded around inside the Capitol is fucked.

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7 hours ago, atomheartbevo said:

Plenty of the Jan 6th types are.  Most of those people are not Rudy or Lin Wood or Sydney Powell or Mr. Pillow or Trump's inner circle.  They signed on because they thought they would get something, and the only thing they are getting are jail sentences, records, attorney fees, etc..  Wood, Powell, Rudy, etc. have access to plenty of money and aren't hurt by this.

These people are doing jail time, they are losing businesses, or jobs and money all the while Trump is raking in tens of millions in donations, even a hundred million or more.

Oh, and Trump, in their minds, had the ability to give them some kind of pardons on the way out of office, and while he pardoned his buddies like Mike Flynn, Joe Smith who paraded around inside the Capitol is fucked.

 

7 hours ago, Goredho said:

They’ll go back because Trump legitimizes them in return for their loyalty and support.  If they can’t find a home in Trump’s base, they go back to being fucking deplorables with zero clout.

A pimp's love...

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On 10/22/2021 at 11:23 PM, atomheartbevo said:

It will be fun to watch Trump's social media company fail spectacularly. Trump will make millions on it but there is zero chance it will succeed. Trump will not know how to build and operate a company. He fails at that. What Trump succeeds at is licensing his name and image. If he really wanted a successful company, he would have partnered with something like Gettr, Parler or Gab. I'm not saying those would have succeeded but the chance of that was higher.

The only way Trump could succeed with a new company is if he becomes president again and shamed/bullied every gop politician to only using his platform. This could also lead some conservative media to linking in with this new company giving them some status as the state media.

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5 minutes ago, OneOfTheOutOfFocusGuys said:

the message board aspect of right wing media stuff is just inherently a bad business plan.  their entire existing is based around confrontation.  but the only people that sign up for those things are fellow nutjobs.  they are failing to provide the key part of the equation.

Exactly.  The funny thing is 99.9% are complete wimps in person.  They are mostly cowards...funny to see. 

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2 minutes ago, OneOfTheOutOfFocusGuys said:

the message board aspect of right wing media stuff is just inherently a bad business plan.  their entire existing is based around confrontation.  but the only people that sign up for those things are fellow nutjobs.  they are failing to provide the key part of the equation.

Great point.

To add to that, the right is a spectrum of people from those who casually identify as republican to full-on GQP who believe every conspiracy. If there is a platform of nothing but the right, it can actually turn off the casual republicans. It won't turn them liberal but they will avoid the conspiracy minded platforms.

I know a few republicans that were horrified to read Parler when it was the thing for a short while. Instead of the realization of what ideals their side was supporting, they chose to delete parler.

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19 minutes ago, OneOfTheOutOfFocusGuys said:

the message board aspect of right wing media stuff is just inherently a bad business plan.  their entire existing is based around confrontation.  but the only people that sign up for those things are fellow nutjobs.  they are failing to provide the key part of the equation.

I sense a job opportunity!

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12 minutes ago, Nice Guy Eddie said:

Great point.

To add to that, the right is a spectrum of people from those who casually identify as republican to full-on GQP who believe every conspiracy. If there is a platform of nothing but the right, it can actually turn off the casual republicans. It won't turn them liberal but they will avoid the conspiracy minded platforms.

I know a few republicans that were horrified to read Parler when it was the thing for a short while. Instead of the realization of what ideals their side was supporting, they chose to delete parler.

Yeah, there are quite a number of pretty hardcore Trump supporters that have little idea what their fellow travelers are like and the complete stupidity and insanity that he has unleashed in the GQP.

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4 hours ago, Nice Guy Eddie said:

It will be fun to watch Trump's social media company fail spectacularly. Trump will make millions on it but there is zero chance it will succeed. Trump will not know how to build and operate a company. He fails at that. What Trump succeeds at is licensing his name and image. If he really wanted a successful company, he would have partnered with something like Gettr, Parler or Gab. I'm not saying those would have succeeded but the chance of that was higher.

The thing about those three companies is that they are run by people who are True Believers in the sense that they want their platforms to succeed and grow.  It's not so much about the money for them, as it is about providing an actual alternative to twitter, FB, etc. that won't see people booted off for posting batshit disinformation.  They are pouring a lot of themselves into those platforms, and they want the users to be happy and feel safe and all of that.

This venture Trump is forming with this other group, 100% of everybody involved in making decisions from Trump to the Wuhan-based former Deutsche Bank employee are just out to make money, and probably wanting to sell all of their interest in it as soon it makes a profit and somebody makes a decent offer.  They will not lose sleep if Trump Social goes under, as long as they made some money.  They couldn't give a shit about any users of Trump Social.

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3 hours ago, OneOfTheOutOfFocusGuys said:

the message board aspect of right wing media stuff is just inherently a bad business plan.  their entire existing is based around confrontation.  but the only people that sign up for those things are fellow nutjobs.  they are failing to provide the key part of the equation.

3 hours ago, DigglerontheHoof said:

Exactly.  The funny thing is 99.9% are complete wimps in person.  They are mostly cowards...funny to see. 

3 hours ago, Nice Guy Eddie said:

Great point.

To add to that, the right is a spectrum of people from those who casually identify as republican to full-on GQP who believe every conspiracy. If there is a platform of nothing but the right, it can actually turn off the casual republicans. It won't turn them liberal but they will avoid the conspiracy minded platforms.

That's one of the biggest negative things that social media like Facebook and twitter have done - they have provided a platform and a welcoming environment (in the sense that they are connecting with like-minded people) with little-to-no filters for these people.

I've known quite a few people for decades, who bust out with some batshittery on Facebook, and on the one hand, yes, it was always who they were, but on the other hand, in-person, they would never have said these things either because they didn't know how you would feel about them, or they knew they were socially unacceptable to say.  But FB, etc. surrounds them with like-minded folks who cheer them on.

Absolutely quiet/meek in person.  Put them online with other people clicking their like buttons and they make Alex Jones look mild.

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Are people really suggesting that this media company isn't a good idea, from a business perspective?

Quote

 

"Former President Trump announced he was creating a new media venture last Wednesday and since then, the share price of a company that’s taking it public has been on a ride reminiscent of GameStop and AMC in the early days of 2021.

Digital World Acquisition Corp., which is a SPAC (special purpose acquisition company), soared from $9.96/share before the announcement to $94.20—a jump of 846%. Even in the wild world of SPACs, that’s an unhinged rally, and it reflects heightened interest among retail traders looking to make a quick buck.

The implied value of the new company is now more than $8.2 billion. Since Trump appears to own more than 50% of the enterprise, according to SEC docs, it would make him the richest he’s ever been."

 

Two points:

1) Those who were saying back when he was on twitter, if he would just create his own "twitter" and get all his followers to join because they are sheep; y'all were right.

2) This guy can't lose. He has to be the luckiest guy in the world. He's going to live to be 120 years old and succeed where he should fail at every turn. He's obviously made a Faustian deal with the devil, right?

Edited by DonkeyCigars
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Let's see, how would Trump go about monetizing that on-paper share value?  Selling it maybe?  And what would that signal?  And what would that signal do to the price?  

When Trump abandons something, he doesn't just do a covered call and slink out the back.  He fails spectacularly and with wanton disregard for everything and everyone around the business.  He doesn't just bankrupt casinos, leave warehouses of rotting steak, enter a decade of litigation over Trump University, of get multiple accusations of sexual assault by Teen USA contestants...he scorches the Earth behind so that not even he can return to the field of play to try his hand one more time at wealth creation.  

I still give him credit though.  I've worked on some complex workout deals with private credit restructuring and/or LBO.  But his solution was something I never dreamed of, nobody in business school ever did.  He achieved the greatest forbearance terms of all time...he became President of the United States.  I didn't even know that was an option.  

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1 minute ago, Lobo said:

Let's see, how would Trump go about monetizing that on-paper share value?  Selling it maybe?  And what would that signal?  And what would that signal do to the price?  

When Trump abandons something, he doesn't just do a covered call and slink out the back.  He fails spectacularly and with wanton disregard for everything and everyone around the business.  He doesn't just bankrupt casinos, leave warehouses of rotting steak, enter a decade of litigation over Trump University, of get multiple accusations of sexual assault by Teen USA contestants...he scorches the Earth behind so that not even he can return to the field of play to try his hand one more time at wealth creation.  

I still give him credit though.  I've worked on some complex workout deals with private credit restructuring and/or LBO.  But his solution was something I never dreamed of, nobody in business school ever did.  He achieved the greatest forbearance terms of all time...he became President of the United States.  I didn't even know that was an option.  

I'm guessing, on top of that, that Trump can't liquidate any shares or ownerships for a period of time. But I don't think tanking the price would matter to him if he gets paid...until he gets charged for some kind of insider trading. 

 

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1 minute ago, SydneyCarton said:

I'm guessing, on top of that, that Trump can't liquidate any shares or ownerships for a period of time. But I don't think tanking the price would matter to him if he gets paid...until he gets charged for some kind of insider trading. 

 

He probably would get charged, but declare executive privilege.  Rudy would claim that the stock price was influenced by the fact that the primary shareholder used to be President of the United States and will be again some day, so that executive privilege should technically extend to any business venture attached to said former President if it was directly tied to his time in office (social media presence, for instance).  And sadly, it would get help up in the 11th circuit, or wherever the fuck we now appeal Florida/Cayman/Wuhan financial cases to in this fucked up timeline. 

But the guy would still try to sell some of his NQSO/ISO to some overseas derivatives trader for pennies on the dollar for current cash needs.  The derivatives trader would still have to hold the options or exercise warrants for x years while Trump took the immediate lump sum.  It would be like those daytime commercials for those law firms that'll buy out your long-term settlements for an NPV of 60 cents on the dollar.  Of course it would all be illegal, but it'd be all over before anybody could raise enough of a fuss about it.  So word gets out eventually that Trump is exiting the media company and it tanks, but about the time the derivatives trader is gonna exercise, Trump announces for 2024 and will only release his exclusive media content on this new Truth Social platform, sending the stock soaring back up.  Everybody is happy.  

We tried a thread just about Trump finances on the DT board, with no politics.  I think it actually stayed away from politics but not even the financial savvy folks over there could explain the simplest shit about Trump's finances or business models.  

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Also this is Donald Trump we are talking about. His ego and narcissism is such that as long as Forbes or whomever is having to recognize his huge wealth, it doesn’t matter if he can liquidate it. He’s like Kylie Jenner in that regard, I guess.

Edited by DonkeyCigars
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Just now, DonkeyCigars said:

Also this is Donald Trump we are talking about. His ego and narcissism is such that as long as Forbes or whomever is having to recognize his huge wealth, it doesn’t matter if he can liquidate it. 

good point, but he's getting to a point in his life and in his debt cycle, that even he understands a need for some modicum of liquidity.  Balloon payments are balloon payments.  And no, Don, Jr.......the balloons aren't filled with heroin.  

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23 minutes ago, DonkeyCigars said:

Are people really suggesting that this media company isn't a good idea, from a business perspective?

Two points:

1) Those who were saying back when he was on twitter, if he would just create his own "twitter" and get all his followers to join because they are sheep; y'all were right.

2) This guy can't lose. He has to be the luckiest guy in the world. He's going to live to be 120 years old and succeed where he should fail at every turn. He's obviously made a Faustian deal with the devil, right?

It may be a "good idea" for the next quarter's earnings and valuation, but it's a terrible idea long-term. His social media platform is built on top of an open source software that he's currently in violation of its licensing terms. Like most things trump, this is all sound and fury with little substance that's meant to suck a few more bucks out of useful idiots and true believers.

And again, trump's biggest strength is to sell next year to pay for next week. He is the king of debt. His entire strategy relies on getting fresh rubes to liquidate and suck the capital out of, and then cause any legal battle to become an expensive cluster fuck. 

But to your first point - racists and extremists have been finding fewer and fewer homes online, I'm sure trump will cater to them nicely

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At Friday's $94.20 close those restricted shares are worth about $14 million for each fund. Of course they can't realize that value now, and it’s possible that, six months after the merger closes, TMTG won’t have built a social network, everyone will be bored with this as a meme stock, and the price will have collapsed. I would not bet on that though.[3])

Also, I have to say, if I’m Donald Trump right now, I’m thinking about retrading. He sold something like 21% of his company for $293 million.[4] That 21% is now worth something like $3.4 billion.[5] None of that extra value is going to Donald Trump,[6] though of course if he owns the other 79% (who knows?) that’s now worth something like $12 billion. Some will go to the SPAC’s sponsors, and to the hedge funds who dumped the stock last week. Most of it will go to people — WallStreetBets retail investors, hedge-fund opportunists, etc. — who bought the stock shortly after the announcement and then watched it zoom up. 

To be clear, that value is based on nothing, literally nothing at all; Trump Media & Technology Group’s assets appear to consist of a website and some plagiarized code that isn’t supposed to be live yet. Still Trump seems to have sold $3.4 billion of stock for $293 million and that’s gotta sting. Bloomberg News notes:

With the new media company’s valuation dwarfing the $875 million enterprise value agreed to by Trump, he may have been able to negotiate a sweeter deal. Terms of the agreement will need to be more fully disclosed and could still change before an agreement gets voted on by shareholders, an event that is probably months away.  

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17 minutes ago, Pato del Muerto said:

Numbers like that probably get him pissed off enough to back out so that it all crashes, then go looking for a new partner while demanding numbers like what were forecasted with this one. 

There are absolutely lessons to be learned from all this. I think of a piece I read recently on ancient Greeks like Socrates and such and how performative they had to be, and ultimately it's always been showmanship and large platforms (cults of personalities) that activate and amplify messages. 

Trump is the ultimate personification of a begged question. He will fail forward simply because he is Trump, at this point, and a good 30-35% of America rides with him.

"If [Trump] didn't exist, we'd have to invent him."

Edited by DonkeyCigars
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7 hours ago, DonkeyCigars said:

There are absolutely lessons to be learned from all this. I think of a piece I read recently on ancient Greeks like Socrates and such and how performative they had to be, and ultimately it's always been showmanship and large platforms (cults of personalities) that activate and amplify messages. 

Trump is the ultimate personification of a begged question. He will fail forward simply because he is Trump, at this point, and a good 30-35% of America rides with him.

"If [Trump] didn't exist, we'd have to invent him."

I refused to believe it for the first year or so when Matthew Dowd would say on the Sunday Morning Shows that "Donald Trump tapped into something in America that we suspected was always there, but nobody realized the scope or depth of it."  We would have to invent him, but I thought maybe 10-20 years down the road.  Our only saving grace was that he was/is an incompetent buffoon.  We were fine on that.  What we are not fine on is the ugliness does much deeper than anyone previously thought.  

Anyway, back to the t-shirt.

Can the back have Eric Trump's face with a caption, "And I like to watch."  

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Just now, Lobo said:

I refused to believe it for the first year or so when Matthew Dowd would say on the Sunday Morning Shows that "Donald Trump tapped into something in America that we suspected was always there, but nobody realized the scope or depth of it."  We would have to invent him, but I thought maybe 10-20 years down the road.  Our only saving grace was that he was/is an incompetent buffoon.  We were fine on that.  What we are not fine on is the ugliness does much deeper than anyone previously thought.  

Anyway, back to the t-shirt.

Can the back have Eric Trump's face with a caption, "And I like to watch."  

This is the part that caught me off guard.  I, of course, knew there was a ton of stupidity and racism in the U.S.  I didn't realize how deep and wide it was, though.  

The intenseness of the stupid and hatefulness is stunning. 

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10 minutes ago, DigglerontheHoof said:

This is the part that caught me off guard.  I, of course, knew there was a ton of stupidity and racism in the U.S.  I didn't realize how deep and wide it was, though.  

The intenseness of the stupid and hatefulness is stunning. 

Unfortunately, it was something I was clearly aware of.  I went to college at Loyola New Orleans.  Greek Week events included both the traditional Greek organizations as well as the Black Greek Letter organizations.  At a step show, one of traditional Greek sorority members made an absolutely hideous comment about the performers.  It was a shock to everyone.  It resulted in Marc Morial (he was NOLA Mayor at the time) and a lot of others performing a sit in.  The girl who made the comment was suspended for the rest of the semester and had to join alcoholics anonymous (she was drunk when she said what she said) and go through diversity and bias training.  

Don't get me wrong, I knew that racism existed.  But I wasn't aware at how pervasive it was.  This girl, I knew her.  I thought before this, she was perfectly lovely.  That was also my indicator that now everyone grew up like I did with both my parents and myself having a very diverse group of friends when it came to race and culture.  

 

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The racism was always there both in breadth and depth.   But leaders in 2021 weren't giving it a platform like they did in the 60's and 70's.   Like others have written, the quiet parts are now being said out loud.  And churches are spread heading it.

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On 10/24/2021 at 6:03 PM, Pancho said:

Are they turning on him?

 

 

 

dOTarD promised:

 

coal jobs, manufacturing jobs, a border wall "from sea to shining sea" that mexico would pay for, cheap healthcare like you've never seen, law and order. None of that horseshit moves the needle, but OMG he didn't lock up Killary!!!! brings the outrage.

 

 

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5 hours ago, High Plains Drifter said:

 

 

dOTarD promised:

 

coal jobs, manufacturing jobs, a border wall "from sea to shining sea" that mexico would pay for, cheap healthcare like you've never seen, law and order. None of that horseshit moves the needle, but OMG he didn't lock up Killary!!!! brings the outrage.

 

 

Promises made, promises kept. 

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  • Bozo_Casanova changed the title to Poll: President Trump's Major Announcement


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