Best Description of the Trump Presidency Yet; A "Bust Out Joint"

I got an email from the Dailykos recently with this story.  The person who wrote it is from Chicago and claims to be very familiar with mob terminology.

New York lawyer’s description (on MSNBC) of the Trump presidency: "The Trump Presidency is a bust out joint."

For those not familiar with mob terminology, it works like this.  The mob – through coercion or loan shark debt – takes over a business.  They then buy, using the business’s good credit, as much as possible.  When the bills come due they back a truck up to the door, load everything on and then leave the business to go belly-up.  That business is a “bust out joint.”

Mar-a-Lago meetings (charged to you and me), family vacations for the entire Trump clan at expensive resorts, meetings in Trump tower instead of the White House, and Melania Trump's personal trips on Air Force One, are just the theft we know about done in the process of ‘draining the swamp”.

Each Mar a Lago trip has been estimated to cost $3 million dollars.  So far Trump has been there 17 times.  At an estimated $3 million per trip that has cost the American taxpayer $51 million dollars.  In the grand scheme of things that is a drop in the bucket when we look at the government having a debt of trillions of dollars, but the optics of this kind of extravagance are poor.

As an example of Trump’s personal enrichment at tax-payer expense:  Prior to his inauguration Trump injected himself into the procurement of two Boeing jets for Air Force One.  The Air Force was already in negotiation with Boeing when Trump heard about the process. He may have saved taxpayers $400 million in the process on a basis of billions.  It’s hard to say because we don’t actually know what Boeing’s proposal was prior to the Trump intervention, and other air force purchases were discussed at the meeting. 

From the Washington Post,( italics added):

"Dennis A. Muilenburg, Boeing’s chief executive, called the president-elect and said that for Boeing, the program wasn’t a large profit generator, and that making the presidential aircraft was more a matter of prestige.

Muilenburg told Trump that 'it’s Boeing’s honor to be a part of the program,' the company official said. 'There has never, ever been a major profit built in, and we just want to work with you to try and figure this out.'

The pair met again that month at Trump’s Mar-a-Lago resort. There, Muilenburg laid out for the president that the cost of the airplanes was driven in large part by the requirements set by the Pentagon. But he committed to look for savings. And after they met again in January, this time in Trump Tower in Manhattan, Muilenburg emerged from the meeting and told reporters that they had “made some great progress on simplifying requirements for Air Force One, streamlining the process, streamlining certification.”

Views: 114

Comment by koshersalaami on June 18, 2018 at 7:24am

“Bust out joint?” That actually sounds like a pretty good description of Bain Capital. Not that Romney would have done that to the government itself. 

Comment by Doc Vega on June 18, 2018 at 7:25am

Wow! You sure know how to distort the issues like most lefties! How about Obama releasing 65,000 ICE held detainees with criminal convictions? How about Obama appointees doing everything they could to sabotage the war effort against ISIS? How about the lavish vacations taken by the Obama family to Europe and Hawaii even taken separately on 2 Air Force Ones when they could have used one jet? How about especially as they told Americans they'd have to tighten their belt buckles, we'd never get the lost 8 million jobs back, that 1.5% GDP was going to be the new norm when Trump's current GDP for the US is at 4%! My God man, start thinking beyond the intentional deception of the US media! The Daily Kos? What a joke they're completely biased!

Comment by koshersalaami on June 18, 2018 at 7:36am

What about when the Obamas spent thirty two trillion dollars on a toilet for the White House? What about when Michelle shot her Secret Service detail for being too slow when she ordered them to go get her some McDonalds fries at two in the morning? What about when Sasha put state secrets on EBay to pay for her Junior High prom dress? 

Rodney, how could you ignore this stuff?

Comment by Rodney Roe on June 18, 2018 at 8:03am
Yes, I ignored all of that because I am a true Lefty and ignore everything my guy does because he is, well, my guy. I didn’t mention Obama’s secret pilgrimage to Mecca or the fact that his real birth certificate is buried under a rock in Nairobi.
Comment by Rodney Roe on June 18, 2018 at 8:13am
And, I neglected to say that that is a perfect description of "vulture capitalists".
Comment by koshersalaami on June 18, 2018 at 9:48am

So how are vulture futures doing? Are they traded on the Dow or NASDAQ?

Comment by Rodney Roe on June 18, 2018 at 11:04am

I don’t know. I keep up with their progress on BuzzardFeed.

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