Posted in Crazy Mishaguyas, Political Mishaguyas

Why I think Bernie Madoff would make a better President than Donald Trump

I feel that Bernie Madoff would make a better President of the United States than Donald Trump. Both of these gentlemen (I use that term loosely) have made a living off the backs of the “working-class” people, flinging themselves boldly into business endeavors, keeping themselves in the public eye, and showing blatant disregard for everyone but themselves, Bernie Madoff rises to the top for a variety of reasons. Now I know what you are thinking, “Trump is running against Bernie Sanders, not Bernie Madoff, fool!”  You, of course, are correct in that.  I am not comparing Sanders and Trump; I am comparing Trump and Madoff.  Bernie Sanders is a much better choice for President than Trump or Madoff, in my view, but that is not the point of my paper. Both Trump and Madoff have similar backgrounds and origins.  Both were born in Queens, New York [1][2]. Both started companies, The Trump Organization (1971) and Bernard L. Madoff Investment Securities LLC (1960) with little or no money down. Both made fortunes off the backs of “working-class” people. When I say “working-class,” I include everyone making less than $200,000 per year, and all retirees.  What makes them different?

The first thing that makes these two different is how they started their companies, and continued to “earn” their money. Bernie Madoff started Bernard L. Madoff Investment Securities LLC in 1960 with $5000 that he earned from working as a lifeguard and a sprinkler installer [4]. He put his company on the stock market as a penny stock and borrowed $50,000 from his father-in-law.  Trump was handed control of his father’s company, and used tax breaks and loop-holes to build his empire.  Trump also borrowed money and invested it. Unlike Bernard L. Madoff Investment Securities LLC, The Trump Organization, almost went under during bankruptcy proceedings in 1991[5].

The Second thing that is different is how they work with others and own up to their mistakes. Trump blames others for problems.  Trump is the victim.  Trump has assets tied up so they can’t be taken. Madoff accepted responsibility for his mistakes, and admitted them.  He allowed his possessions and assets to be sold so people could be repaid.

The third thing that makes them different is how they live (or lived lived) their lives every day. Trump, who is worth between $3 billion and $10 billion[6][7][8], lives in opulent luxury.  Madoff, worth an estimated $17 billion[9] at the time of arrest) lived in an upscale and expensive area of town[10], but at the lower end and understated area with minimal possessions.  Madoff tried to stay out of the public view while Trump stays in the public eye.  Trump has had his own reality show, in addition to his current bid for President.

In closing, I feel that Bernie Madoff, despite his being jail would make a better president than Donald Trump, because he made more money in his public life than Trump has. Madoff made his initial money by working for it, while Trump has been handed it and or stolen and used loop-holes in the law to gain wealth. Bernie Madoff lived lived a low-key lifestyle against Trumps opulent “in-your-face” one. Finally, when “caught” in wrong doing, Madoff admitted his faults, while Trump has passed the blame to others.  For these reasons, I feel Madoff would be a better president than Trump.

Works Cited:

[1] https://en.wikipedia.org/wiki/Donald_Trump

[2] https://en.wikipedia.org/wiki/Bernard_Madoff

[3] Trump, Donald; Bill Zanker (2007). Think Big and Kick Ass in Business and in Life. HarperCollins. pp. 79, 123, 211. ISBN 9780061547836. Retrieved July 15, 2012.

[4] Foley, Stephen. “The Madoff Files: Bernie’s Billions.” Independent. N.p., 28 Jan. 2009. Web. Retrieved 1 Mar. 2016.

http://www.independent.co.uk/news/business/analysis-and-features/the-madoff-files-bernies-billions-1518939.html

[5] http://www.time.com/time/magazine/article/0,9171,972889,00.html

[6] Costa, Robert, and Maria Gold. “Donald Trump Will Declare $9 Billion in Assets as He Reveals 2016 Plans.” https://www.washingtonpost.com/politics/exclusive-trump-will-declare-9-billion-net-worth-as-he-reveals-2016-plans/2015/06/15/a00e74c0-137c-11e5-9ddc-e3353542100c_story.html. The Washington Post, 15 June 2015. Web. Retrieved 1 Mar. 2016. 1 Mar. 2016.

[7] “Donald Trump”. Forbes. September 30, 2014 Retrieved 1 Mar. 2016.

[8] Melby, Caleb; Rubin, Richard (July 28, 2015). “Here’s Our Tally of Donald Trump’s Wealth”. Bloomberg. Retrieved 1 Mar. 2016.

[9] “Madoff Pleads Guilty, Is Jailed for $65 Billion Fraud.” http://www.reuters.com. N.p., 13 Mar. 2009. Web. Retrieved 1 Mar. 2016.

[10] Creswell, Julie (January 24, 2009). “The Talented Mr. Madoff”. The New York Times.

 

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Author, actor, director, technician, student of life, lover of all that is good, friend to everyone. I care.

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