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Saturday, February 27, 2016

Little white lies from Little Rubio

The professionals tell us it's extremely difficult to put together a campaign strategy on the fly. The new Marco Rubio that has emerged in the past few days confirms as much. One charge he has leveled against Trump caught my attention. According to Rubio and the story was sourced by an outfit that should know better, namely the New York Times, Trump was given $200,000,000 by his father, a real estate developer in Queens, New York. The senior Tump built multi family housing units in the neighborhoods of Coney Island, Bensonhurst, Sheepshead Bay, Flatbush, and Brighton Beach in Brooklyn, and Flushing and Jamaica in Queens. These are not high rent districts but certainly Fred Trump did accumulate considerable wealth. But how much wealth? Did he ever have $200 million to burn?
Going back to 1975 when Donald Trump was begriming his career, a little research reveals that in that year Johnson and Johnson, the pharmaceutical company, earned $200.9 million. Motorola did a little better at $205.2 million and the brewing giant Anheuser-Busch earned a whopping $215 million. Looking at it another way $200 million in 1975 dollars would be worth roughly $880 million in today's world. Rubio may want to rethink this claim.

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