The former crown jewel of Republican presidential nominee Donald Trump’s disintegrating business empire, the Trump Taj Mahal, is closing for good on October 9th causing thousands of individuals to lose their livelihoods. Once again the faux-job creating failed businessman’s rhetoric is laid bare for all to observe.
Tony Rodio, the president and CEO of Tropicana Entertainment which is the parent company of Trump Taj Mahal, previously issued a statement about the failing casino:
Currently the Taj is losing multi-millions a month, and now with this strike, we see no path to profitability. Our directors cannot just allow the Taj to continue burning through tens of millions of dollars when the union has single-handedly blocked any path to profitability. Unfortunately we’ve reached the point where we will have to close the Taj.
Trump cannibalisticly extracted millions of dollars in profit before being forced to declare bankruptcy and in the process losing his 10 percent stake in the casino, leaving the company millions of dollars in debt while blaming the fiscal problems on employees rather than mismanagement. In February 2016 Trump’s buddy and fellow billionaire Carl Ichan took over majority ownership. Since Icahn’s tenure, the casino has reportedly lost over $100 million.
Workers have been on strike, by protesting with a picket line outside, since the announcement back in August of the casino’s imminent closing, that has not stopped thousands of individuals from turning a blind eye to the plight of workers by continuing to patronize the establishment.
Ultimately due to Trump’s mismanagement, nearly 3,000 workers now find themselves out in the cold. This development is in stark contrast to Trump’s campaign vow that he “will be the greatest jobs president that God has ever created.” Trump has promised to “create 25 million new jobs” if elected president, but an analysis of his plan shows he would actually kill 3.5 million jobs.
The business record of the fake-tanned one is of a most dubious and deplorable nature, littered with failed enterprises and numerous bankruptcies, where he profits himself and damns anyone else connected to the enterprise. Trump has no issue with ruining lives as long as he puts a few pennies in his pocket during the process, which should surely be a concern for any American who is considering putting him at the helm of the world’s largest economy.
Watch Trump’s promise to create jobs:
Lou Colagiovanni is an investigative journalist living in Las Vegas who specializes in politics and crime. His work has been highlighted all over the world and he is regularly featured on television and radio.