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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJohn McCain Torpedoed Trump's Attempt to Get Federal Aid For Luxury Housing in 1996
This definitely offers a reason for Trump's animus toward McCain, starting decades ago.
From Mediaite:
https://www.mediaite.com/online/john-mccain-torpedoed-trumps-attempt-to-get-federal-aid-for-luxury-housing-in-1996/
He made a similar attack in 1999, telling Dan Rather McCain was captured. Does being captured make you a hero? I dont know. Im not sure.
Three years before that, though, it was John McCain who took aim at Trump over the then-real estate developers application for federal mortgage guarantees. In a statement that was submitted for the record on McCains behalf, the then-senator singled Trump out while submitting an amendment to an appropriations bill.
In the statement, McCain noted that HUD is processing an application from a team of developers, headed by the venerable Donald Trump, to obtain Federal Housing Authority mortgage guarantees for their luxury apartment development in Manhattan known as Riverside South.
The HUD program to which Mr. Trump and his associates are applying for assistance is intended to promote development within urban renewal areas, McCain continued. To help qualify for the aid, Mr. Trumps group has pledged to reserve 20 percent of the units for low- and moderate-income residents.
The issuance of the Federal mortgage guarantee and the 20 percent low-income reserve will entitle Mr. Trump and his partners to a vast array of municipal tax benefits, which one group calculates to be in the range of nearly $4.5 million per needy individual assistednot exactly what most Americans would consider cost-effective use of Government assistance, McCain wrote.
I certainly have nothing against luxury apartments nor do I have anything against very successful project developers, including Mr. Trump, McCain said. I do object, however, to asking the taxpayer to bear the risk of a development for one of the wealthiest entrepreneurs in the country, to help finance a project that will predominantly benefit upper income Americans.
He noted that if Trumps proposal were approved, taxpayers will be on the hook for over $350 million, and that those taxpayers will take this enormous riskthe largest ever in the history of the programto help provide housing, in some instances, for people who earn an annual income of over $200,000 per year.
McCain went on to say that the Donald Trumps of the world can more than afford to bear the risk of their endeavors, and should not be indemnified with taxpayer dollars.
The amendment that McCain proposed was approved unanimously, via voice vote.
JI7
(89,281 posts)Mc Mike
(9,115 posts)dalton99a
(81,645 posts)irisblue
(33,037 posts)Wounded Bear
(58,751 posts)Blue Owl
(50,532 posts)n/t
rusty fender
(3,428 posts)Lucky Luciano
(11,264 posts)Raven
(13,905 posts)Leghorn21
(13,527 posts)Many many thanks, dem, something finally makes SENSE
Remember Richard Bransons account of having lunch with trump years back? Branson hardly knew him, but went to TT for lunch with him, and the entire time, trump regaled him with stories of who he hated and why, how he was going to exact revenge on them all, and there was just no end to his grousing. Branson was appalled at what a vengeful, petty man trump was.
Not to mention booorrring
Some shit dont never change, eh
Lordy
highplainsdem
(49,046 posts)yes, I remember Richard Branson talking about how obsessed with revenge Trump is.
David Cay Johnston wrote a lot about that in his book The Making of Donald Trump. The excerpt below is from an article at BillyMoyers,com on the book, and it includes a snippet from the book:
https://billmoyers.com/story/making-donald-trump-told-journalistic-nemesis/
Editing to add that the excerpt is from Chapter 3 of Johnston's book, "Personal Values," which opens by descriing a motivational talk Trump gave in 2005 in Colorado, a rambling expletive-laced rant where he sniped at former wives and business associates, but eventurally laid out two recommendations on how to succeed: Trust no one. And get revenge. "Get even. If somebody screws you, you screw 'em back ten times over. At least you can feel good about it. Boy, do I feel good."
Leghorn21
(13,527 posts)read that Branson story just before or after the election and I thought well damn, why didnt you speak up before now??! But its like, everybody knew what a foul cretin he was except me!!...I had never paid attention to trump, he was so repulsive and dulllllll
I swear, this feels like the first time since this apocalypse started that something makes sense
I hope this article gets read far and wide so others can go, Ohhhhhhhhh, now I get it!!
I owe you, dem!!!
dalton99a
(81,645 posts)Stuart G
(38,453 posts)JudyM
(29,294 posts)Pope George Ringo II
(1,896 posts)Thank you.
zentrum
(9,865 posts)Luxury realtors get all kinds of tax breaks to build huge glass boxes if they promise to set aside some small number of units for lower income. They take our neighborhoods and raise the rent values of nearby properties, thereby causng eviction of us ordinary people. To build these ugly condos and hotels they raze the homes of people who've lived in them for decades.
Locals consider it one of the bigger scams and fight it every day. But we're losing.
Wounded Bear
(58,751 posts)but yeah, I get your drift. Very Trumpian strategy, as practiced by many rich assholes.
highplainsdem
(49,046 posts)dalton99a
(81,645 posts)Doodley
(9,151 posts)Stuart G
(38,453 posts)This says it all.