re: US Senate Candidate John Fetterman Got an Allowance from Mommy and Daddy Till He Was 50

Some in South Jersey have a message for Trump: Pay your old Atlantic City casino bills
Mike Kelly NorthJersey.com

Of all the troubling accusations that have followed Trump into the White House, there is little talk these days of the trail of unpaid bills he left behind from his days as an Atlantic City casino mogul.

But for the carpenters, electricians, plumbers, window installers and other contractors who built Trump’s Taj Mahal casino in Atlantic City three decades ago, the wounds from not being paid still fester.

“It’s terrible,” said Jenkins, who runs Triad Building Specialties. “I can’t stand Trump. I think he’s nothing but a snake oil salesman.”

The "Trump" letters no longer adorn the Taj Mahal casino.
Jenkins was just 19 when Triad Building Specialties, started by his father in the mid-1970s, got the $300,000 contract to provide guardrails, doors, stalls and paper dispensers for the nearly 300 public bathrooms at the Trump Taj Mahal casino overlooking the Atlantic City beachfront.

Trump bragged that the Taj Mahal — which he claimed had a price tag of $1.2 billion — was the “eighth wonder of the world.” Not only was it considered the largest casino anywhere, it was adorned with crystal chandeliers from Austria, hand-sewn carpets from Britain, Carrara marble from Italy and 70 onion domes that towered over the Atlantic City boardwalk.

But the Taj, as it came to be called, was built on financial sand.What Trump didn't say was that he financed the Taj with junk bonds. And what he did not tell the scores of contractors who worked on the overly lavish casino was that he could not pay their bills.

Triad Building Specialties ended up taking out a $40,000 loan just to pay its suppliers. And then the firm needed another decade just to pay off the loan. In the end, Triad received only 40 cents on the dollar from Trump for its work on the Taj, said Jenkins, now 49 and the firm’s co-owner. “If it was just us, you could understand, but this has been a pattern over his entire career,” Jenkins said. “He’s owned so many failed or fraudulent companies over the years. It’s staggering to me."

Trump, who once bragged that he was the “King of Debt,” owed $70 million to 253 contractors who worked on the Taj and who, in turn, hired thousands of workers.

When contractors complained about delays in pay, Trump said he needed to complete audits to make sure they weren’t overcharging. Years later, when he ran for president and was asked about his failure to pay, Trump suggested that he needed to carefully check the bills because he feared that some contractors were cheating him.

That kind of strategy in delaying payment on his bills was not new. In “Trump: The Art of the Deal,” he wrote: “You have to be very rough and very tough with most contractors or they’ll take the shirt right off your back.”

In this case, Trump took the shirts off the backs of contractors — and emptied their wallets. Meanwhile, Trump's own wallet seemed as fat as ever. He has never said his poor business dealings in Atlantic City hurt his personal finances. In fact, he says he continued to make money from his casinos. "Atlantic City fueled a lot of growth for me," Trump told The New York Times in 2016. "The money I took out of there was incredible.”

Atlantic City Mayor Marty Small Sr. was only a teenager when the news emerged of Trump’s failure to pay for the workers at the Taj Mahal. But even today, he said, the subject stirs anger in the city.

“It’s still a talking point, anytime his name is brought up,” Small said. “It’s still a horror story for all of these people. He took advantage of people.”

With Trump delaying payments, contractors reached into their pockets to pay their workers and suppliers. In desperation, some contractors eagerly accepted a new offer from Trump: If they would agree to less than they billed, he would pay the lower amounts immediately.

By 1991, when the Taj collapsed into bankruptcy, Trump offered those contractors only 33 cents in cash for each dollar he owed. He promised another 50 cents on the dollar later. But many contractors say it took years to get anything.

And they were the lucky ones.

Wait...are some people in here actually comparing Fetterman to Trump?

That tells me he is one LAZY-ASSED P.O.S.

Why would someone want this underachiever to represent their state? Kinda reminds me of Baton Rouge's very own "GRAVY" who is another lazy shite who just wants to be on the government payroll.

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Some of the most prominent Democrats (Biden, Sanders, Warren, Pelosi, etc.) have never held real jobs. They don't know what it's like to punch a clock, sweat, make payroll, etc., yet they get to dictate to the rest of us how to live.

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You can say that about anybody. Women are going to tell us men how to live? (And of course vice versa - How Dare a Man tell a woman what to do with her body). Unless you have one hundred percent direct democracy that will always exist.

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Of all the troubling accusations that have followed Trump into the White House, there is little talk these days of the trail of unpaid bills he left behind from his days as an Atlantic City casino mogul.

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He declared bankruptcy as did several other casinos. Do you know how bankruptcy works? You are proving my point. This is just silly. Do some research instead of just Parroting anything bad you can find. TDS is real.

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Trump was a millionaire by age eight, borrowed at least $60 million from his father, largely failed to repay those loans, and received another $413 million (adjusted for inflation) from his father's company.

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This is fake news, try to stay on topic. Changing the subject is what dems always do when somebody brings up something that somebody did that Trump also did. It's all they have really.

Don’t worry if he is elected to the Senate he will have scores of millions of dollars by the end of his first term.

Just like ALL the rest.

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Look at his opponent!

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I did. HE certainly still looks MUCH worse.

Do you really think otherwise?

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He craves programming.


What time does Tucker go on tonight?

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You groomers crack me up with this garbage. I remember your post wanting to ban Fox news. Typical Marxist. Can't respond to the merits of the topic, so you go full retard.