Trump Casino Executive: He’s Gambling With Economy On Impulse | The Beat With Ari Melber | MSNBC

Trump Casino Executive: He’s Gambling With Economy On Impulse | The Beat With Ari Melber | MSNBC


FROM ITS WORST DAY OF THE YEAR FROM ITS WORST DAY OF THE YEAR SO FAR WITH THE MURDOCH OWNED SO FAR WITH THE MURDOCH OWNED “WALL STREET JOURNAL” STILL “WALL STREET JOURNAL” STILL REPORTING THERE ARE WARNING REPORTING THERE ARE WARNING SIGNS THAT POINT TO A LARGER SIGNS THAT POINT TO A LARGER GLOBAL SLOW DOWN AND FEARS OF GLOBAL SLOW DOWN AND FEARS OF RECESSION. RECESSION. A SLOW DOWN USUALLY HAS SEVERAL A SLOW DOWN USUALLY HAS SEVERAL FACTORS. FACTORS. ONE OF THEM COULD BE TRUMP ONE OF THEM COULD BE TRUMP BARRELING FORWARDED WITH THIS BARRELING FORWARDED WITH THIS CHINA TRADE WAR THREATENING CHINA TRADE WAR THREATENING DEPLOYING TARIFFS, SOMETIMES DEPLOYING TARIFFS, SOMETIMES BACKING OFF THE TARIFFS. BACKING OFF THE TARIFFS. IT’S A GAMBLER’S APPROACH TO IT’S A GAMBLER’S APPROACH TO INTERNATIONAL TRADE. INTERNATIONAL TRADE.>>I THINK THEY’RE RIGHT NOW>>I THINK THEY’RE RIGHT NOW HURTING THEM. HURTING THEM. MEANTIME THEY’RE PAYING US MEANTIME THEY’RE PAYING US BILLIONS AND BILLIONS OF TARIFFS BILLIONS AND BILLIONS OF TARIFFS WHICH IS FINE WITH ME. WHICH IS FINE WITH ME. WE PUT TARIFFS ON CHINA, VERY WE PUT TARIFFS ON CHINA, VERY BIG TARIFFS ON CHINA. BIG TARIFFS ON CHINA.>>A LOT OF COMPANIES ARE>>A LOT OF COMPANIES ARE LEAVING CHINA BECAUSE THEY DON’T LEAVING CHINA BECAUSE THEY DON’T WANT TO PAY THE TARIFFS. WANT TO PAY THE TARIFFS.>>EVEN SOME OF TRUMP’S CLOSEST>>EVEN SOME OF TRUMP’S CLOSEST ALLIES SOUNDING ALARMS. ALLIES SOUNDING ALARMS.>>HUGE PROBLEM.>>HUGE PROBLEM. FOOTBALL THE ECONOMY GOES INTO FOOTBALL THE ECONOMY GOES INTO RECESSION, DONALD TRUMP’S GOING RECESSION, DONALD TRUMP’S GOING TO HAVE A HARD TIME BEING TO HAVE A HARD TIME BEING RE-ELECTED. RE-ELECTED. TRUMP SUPPORTERS PAY ATTENTION TRUMP SUPPORTERS PAY ATTENTION TO THIS. TO THIS. PRESIDENT I KNOW I KNOW IS ALL PRESIDENT I KNOW I KNOW IS ALL OVER IT. OVER IT.>>ONE SOURCE CLOSE TO TRUMP>>ONE SOURCE CLOSE TO TRUMP SAYING A LOT OF US ARE SAYING A LOT OF US ARE CONCERNED. CONCERNED. WITHOUT THE NARRATIVE ON THE WITHOUT THE NARRATIVE ON THE ECONOMY, HE CAN’T WIN. ECONOMY, HE CAN’T WIN. I’M ABOUT TO BE JOINED BY JACK I’M ABOUT TO BE JOINED BY JACK O’DONNELL, FORMER PRESIDENT OF O’DONNELL, FORMER PRESIDENT OF TRUMP’S PLAZA HOTEL AND CASINO TRUMP’S PLAZA HOTEL AND CASINO IN ATLANTIC CITY. IN ATLANTIC CITY. HE KNOWS ABOUT GAM BES TRUMP HAS HE KNOWS ABOUT GAM BES TRUMP HAS TAKEN INCLUDING BUSINESS TAKEN INCLUDING BUSINESS PRACTICES SOME OF WHICH LED HIS PRACTICES SOME OF WHICH LED HIS HOTELS AND CASINOS INTO FAMED HOTELS AND CASINOS INTO FAMED BANKRUPTCIES. BANKRUPTCIES. TRUMP NO LONGER TECHNICALLY TRUMP NO LONGER TECHNICALLY RUNNING THOSE BUSINESSES BUT RUNNING THOSE BUSINESSES BUT HE’S RUNNING HE SAYS THE U.S. HE’S RUNNING HE SAYS THE U.S. ECONOMY WHICH IMPACTS EVERYONE ECONOMY WHICH IMPACTS EVERYONE AND HIS WORDS AND HIS APPROACH AND HIS WORDS AND HIS APPROACH TO HOW TO SOLVE THESE PROBLEMS, TO HOW TO SOLVE THESE PROBLEMS, WELL, COULD BE MORE IMPORTANT WELL, COULD BE MORE IMPORTANT THAN EVEN ANY GAMBLING AND ONE THAN EVEN ANY GAMBLING AND ONE OF THOSE CA SIN NOENDS HERE IS OF THOSE CA SIN NOENDS HERE IS JACK O’DONNELL, AUTHOR OF “TRUMP JACK O’DONNELL, AUTHOR OF “TRUMP THE INSIDE STORY OF THE REAL THE INSIDE STORY OF THE REAL DONALD TRUMP.” DONALD TRUMP.” HOW YOU DOING? HOW YOU DOING?>>I’M DOING GREAT, ARI.>>I’M DOING GREAT, ARI. THANKS FOR HAVING ME ON TONIGHT. THANKS FOR HAVING ME ON TONIGHT.>>YOU’VE BEEN THERE, DONE THAT.>>YOU’VE BEEN THERE, DONE THAT. YOU’RE AN INSIDER. YOU’RE AN INSIDER. NUMBER ONE, HOW STRONG IS HIS NUMBER ONE, HOW STRONG IS HIS LONG-TERM BUSINESS PLANNING? LONG-TERM BUSINESS PLANNING? THIS IS ABOUT MORE THAN DAY THIS IS ABOUT MORE THAN DAY TRADING AND NUMBER TWO, DO YOU TRADING AND NUMBER TWO, DO YOU RECOGNIZE ANY ECHOES OF THE RECOGNIZE ANY ECHOES OF THE GAMBLING IN THE WAY HE’S KIND OF GAMBLING IN THE WAY HE’S KIND OF IMPROVISING THESE TRADE WARS? IMPROVISING THESE TRADE WARS?>>>WELL, I THINK YOU HAVE TO>>>WELL, I THINK YOU HAVE TO UNDERSTAND FIRST OFF THERE UNDERSTAND FIRST OFF THERE REALLY IS NO STRATEGY AND I REALLY IS NO STRATEGY AND I THINK ONE OF THE CONS, ARI WHEN THINK ONE OF THE CONS, ARI WHEN WE ELECTED A BUSINESSMAN AS THE WE ELECTED A BUSINESSMAN AS THE PRESIDENT IS THAT HE WOULD BRING PRESIDENT IS THAT HE WOULD BRING SOME DISCIPLINE AND PERHAPS SOME SOME DISCIPLINE AND PERHAPS SOME REAL STRATEGY TO THE GOVERNMENT REAL STRATEGY TO THE GOVERNMENT AND OBVIOUSLY HOW WE OPERATE AND OBVIOUSLY HOW WE OPERATE INTERNATIONALLY. INTERNATIONALLY. WELL, TRUMP REALLY HAS NEVER HAD WELL, TRUMP REALLY HAS NEVER HAD THAT CAPABILITY. THAT CAPABILITY. HE WASN’T STRATEGIC IN HIS HE WASN’T STRATEGIC IN HIS BUSINESS. BUSINESS. HE WAS PEOPLE ARE NOW CALLING A HE WAS PEOPLE ARE NOW CALLING A TRAXAL, IT WAS REALLY JUST THE TRAXAL, IT WAS REALLY JUST THE THOUGHT OF THE DAY. THOUGHT OF THE DAY. DID HE THINGS ON THE SPUR OF THE DID HE THINGS ON THE SPUR OF THE MOMENT. MOMENT. HE BOUGHT THE TAJ MAHAL BECAUSE HE BOUGHT THE TAJ MAHAL BECAUSE IT WAS THE BIGGEST. IT WAS THE BIGGEST. HE BOUGHT AN AIRLINE BECAUSE HE HE BOUGHT AN AIRLINE BECAUSE HE ALWAYS WANTED TO OWN AN AIRLINE. ALWAYS WANTED TO OWN AN AIRLINE. HE DIDN’T BRING ANY ECONOMIC HE DIDN’T BRING ANY ECONOMIC DISCIPLINE TO HOW HE OPERATED DISCIPLINE TO HOW HE OPERATED THE BUSINESS AND WILL HE NO THE BUSINESS AND WILL HE NO STRATEGY TO REALLY GROW THE STRATEGY TO REALLY GROW THE BUSINESS. BUSINESS. SO IT’S PRETTY — IT’S PRETTY SO IT’S PRETTY — IT’S PRETTY OBVIOUS AT THIS POINT THAT HE’S OBVIOUS AT THIS POINT THAT HE’S OPERATING TODAY THE GOVERNMENT OPERATING TODAY THE GOVERNMENT IN THE EXACT SAME MANNER. IN THE EXACT SAME MANNER. HE JUST HAS AN IDEA AND HE HE JUST HAS AN IDEA AND HE IMPLEMENTS IT. IMPLEMENTS IT. IDEAS LIKE I’M JUST GOING TO IDEAS LIKE I’M JUST GOING TO REDUCE TAXES FOR THE RICH SO HE REDUCE TAXES FOR THE RICH SO HE DOES IT. DOES IT. THINKING THAT THAT’S GOING TO BE THINKING THAT THAT’S GOING TO BE SOLVE ALL THE PROBLEMS. SOLVE ALL THE PROBLEMS. HE WANTS TO GET OUT OF THE HE WANTS TO GET OUT OF THE TRANS-PACIFIC PARTNERSHIP TRANS-PACIFIC PARTNERSHIP BECAUSE HE NEVER REALLY LIKED. BECAUSE HE NEVER REALLY LIKED. IT’S NOT PART OF A STRATEGY. IT’S NOT PART OF A STRATEGY. IT’S THINGS DONALD TRUMP WANTS IT’S THINGS DONALD TRUMP WANTS TO DO. TO DO.>>YOU KNOW, A LOT OF THIS USES>>YOU KNOW, A LOT OF THIS USES DIFFERENT FRAMES AND THE FRAMES DIFFERENT FRAMES AND THE FRAMES WE HAVE IN OUR MIND, OF COURSE, WE HAVE IN OUR MIND, OF COURSE, INFLUENCE. INFLUENCE. HE FAMOUSLY TALKED ABOUT IT IN HE FAMOUSLY TALKED ABOUT IT IN THE FRAME OF DEALS AS YOU KNOW. THE FRAME OF DEALS AS YOU KNOW. TAKE A LOOK. TAKE A LOOK.>>I’VE WATCHED THE POLITICIANS.>>I’VE WATCHED THE POLITICIANS. I’VE DEALT WITH THEM ALL MY I’VE DEALT WITH THEM ALL MY LIFE. LIFE. IF YOU CAN’T MAKE A GOOD DEAL IF YOU CAN’T MAKE A GOOD DEAL WITH A POLITICIAN, THEN THERE’S WITH A POLITICIAN, THEN THERE’S SOMETHING WRONG WITH YOU. SOMETHING WRONG WITH YOU. YOU’RE CERTAINLY NOT VERY GOOD. YOU’RE CERTAINLY NOT VERY GOOD. I WANT TO MAKE GREAT DEALS. I WANT TO MAKE GREAT DEALS. THAT’S WHAT IT IS, FOR THE THAT’S WHAT IT IS, FOR THE PEOPLE. PEOPLE.>>EVERYBODY WANTS ME TO>>EVERYBODY WANTS ME TO NEGOTIATE. NEGOTIATE. I’M KNOWN AS A NEGOTIATOR. I’M KNOWN AS A NEGOTIATOR. WE LIKE TO WIN. WE LIKE TO WIN. I CLOSE, I’M A CLOSER. I CLOSE, I’M A CLOSER. EVEN IN SPORTS, I’VE ALWAYS BEEN EVEN IN SPORTS, I’VE ALWAYS BEEN A CLOSER. A CLOSER. I WIN. I WIN.>>FAMOUS FOR HIS NINTH INNING>>FAMOUS FOR HIS NINTH INNING FASTBALL AS YOU KNOW. FASTBALL AS YOU KNOW. BUT IS THE APPROACH TO A BUT IS THE APPROACH TO A MULTIPRONG, MULTICOUNTRY TRADE MULTIPRONG, MULTICOUNTRY TRADE AND TARIFF WAR ANALOGOUS TO A AND TARIFF WAR ANALOGOUS TO A DEAL? DEAL? THAT WOULD INVOLVE PRESUMABLY THAT WOULD INVOLVE PRESUMABLY CHINA COMING TO THE TABLE OR CHINA COMING TO THE TABLE OR CHANGING ITS PRACTICES IN A WAY CHANGING ITS PRACTICES IN A WAY THAT BENEFITS THE U.S. THAT BENEFITS THE U.S. WHAT WE HAVE RECENTLY IS TRUMP WHAT WE HAVE RECENTLY IS TRUMP BLINKING AS STEPHANIE RHULE WAS BLINKING AS STEPHANIE RHULE WAS POINTING OUT THIS WEEK HIM POINTING OUT THIS WEEK HIM BLINKING AND WALKING AWAY FROM BLINKING AND WALKING AWAY FROM SOME THREATENED TARIFFS AND SOME THREATENED TARIFFS AND CHINA LOOKING LIKE THEY MIGHT CHINA LOOKING LIKE THEY MIGHT WAIT THIS OUT THROUGH THE WAIT THIS OUT THROUGH THE ELECTION. ELECTION.>>WELL, I THINK HE DIDN’T THINK>>WELL, I THINK HE DIDN’T THINK THIS THROUGH. THIS THROUGH. THAT’S PART OF NOT HAVING A THAT’S PART OF NOT HAVING A STRATEGIC PLAN. STRATEGIC PLAN. BUT HE’S NEVER BEEN PARTICULARLY BUT HE’S NEVER BEEN PARTICULARLY GOOD AT NEGOTIATING. GOOD AT NEGOTIATING. YOU KNOW, PARTICULARLY WHEN HE YOU KNOW, PARTICULARLY WHEN HE THE HEAT IS ON. THE HEAT IS ON. HE TENDED IN HIS BUSINESS TO HE TENDED IN HIS BUSINESS TO ALWAYS OVERPAY. ALWAYS OVERPAY. AND HE WAS WILLING TO BACK DOWN AND HE WAS WILLING TO BACK DOWN ALMOST IMMEDIATELY AND SO I ALMOST IMMEDIATELY AND SO I THINK WE’RE SEEING WITH THE THINK WE’RE SEEING WITH THE CHINA TARIFF SITUATION IS THAT CHINA TARIFF SITUATION IS THAT IT REALLY WASN’T WELL THOUGHT IT REALLY WASN’T WELL THOUGHT OUT. OUT. HE DIDN’T UNDERSTAND HOW TARIFFS HE DIDN’T UNDERSTAND HOW TARIFFS WORK. WORK. THAT WAS VERY CLEAR AND NOW HE THAT WAS VERY CLEAR AND NOW HE KNOWS HE’S DEALING WITH A KNOWS HE’S DEALING WITH A GOVERNMENT THAT HAS NO INCENTIVE GOVERNMENT THAT HAS NO INCENTIVE TO BACK DOWN. TO BACK DOWN. JUST FOR THE WAY THEY RULE THEIR JUST FOR THE WAY THEY RULE THEIR PEOPLE. PEOPLE.>>AND HE’S GOING TO HAVE TO>>AND HE’S GOING TO HAVE TO BLINK HERE. BLINK HERE.>>WHEN YOU WORK FORD HIM, WHAT>>WHEN YOU WORK FORD HIM, WHAT DID YOU THINK THE ODDS WERE THAT DID YOU THINK THE ODDS WERE THAT HE WOULD BECOME PRESIDENT? HE WOULD BECOME PRESIDENT?>>OH, WELL, I DIDN’T THINK.>>OH, WELL, I DIDN’T THINK. HE TALKED ABOUT IT BACK THEN, HE TALKED ABOUT IT BACK THEN, ARI. ARI. AND. AND.>>HE SAID WHAT?>>HE SAID WHAT? HE TALKED ABOUT IT. HE TALKED ABOUT IT.>>YEAH, HE TALKED ABOUT RUNNING>>YEAH, HE TALKED ABOUT RUNNING BACK THEN. BACK THEN. BUT WE JUST NEVER TOOK HIM BUT WE JUST NEVER TOOK HIM SERIOUS. SERIOUS. AND YOU KNOW, WHEN IT HAPPENED AND YOU KNOW, WHEN IT HAPPENED THIS TIME, LISTEN, I’LL BE THE THIS TIME, LISTEN, I’LL BE THE FIRST TO SAY I DID NOT THINK THE FIRST TO SAY I DID NOT THINK THE MAN COULD BE ELECTED. MAN COULD BE ELECTED. I WAS WRONG. I WAS WRONG.>>DOES IT LOOK LIKE THE SAME>>DOES IT LOOK LIKE THE SAME GUY TO YOU NOW? GUY TO YOU NOW? WHEN YOU SEE HIM LEANING IN AS WHEN YOU SEE HIM LEANING IN AS WE COVER TONIGHT, HIS ATTACKS ON WE COVER TONIGHT, HIS ATTACKS ON SQUAD, ALLEGED ABUSES OF POWER, SQUAD, ALLEGED ABUSES OF POWER, THE BIGOTRY, WAS THAT VISIBLE TO THE BIGOTRY, WAS THAT VISIBLE TO YOU THEN? YOU THEN?>>OH, THE BIGOTRY WAS ALWAYS>>OH, THE BIGOTRY WAS ALWAYS VISIBLE, ARI. VISIBLE, ARI. I THINK IT’S GOING TO BE I THINK IT’S GOING TO BE SOMETHING HE’LL ALWAYS GO BACK SOMETHING HE’LL ALWAYS GO BACK TO. TO. YOU SAW IN THE LAST 24 HOURS THE YOU SAW IN THE LAST 24 HOURS THE ECONOMY BECAME THE STORY. ECONOMY BECAME THE STORY. HE IMMEDIATELY WENT BACK TO HE IMMEDIATELY WENT BACK TO RACE. RACE. THAT IS GOING TO BE A THAT IS GOING TO BE A FUNDAMENTAL FOUNDATION OF HIS FUNDAMENTAL FOUNDATION OF HIS CAMPAIGN BECAUSE THAT WILL CAMPAIGN BECAUSE THAT WILL ALWAYS KEEP THE BASE WITH HIM. ALWAYS KEEP THE BASE WITH HIM. THE QUESTION OF COURSE, AS YOU THE QUESTION OF COURSE, AS YOU KNOW, IS THE BASE GOING TO BE KNOW, IS THE BASE GOING TO BE ENOUGH THIS TIME. ENOUGH THIS TIME. AND HOPEFULLY IT WON’T BE. AND HOPEFULLY IT WON’T BE.>>JACK O’DONNELL, TELLING US>>JACK O’DONNELL, TELLING US ALL THE OLD WAR STORIES. ALL THE OLD WAR STORIES. THANK YOU FOR BEING HERE.

55 thoughts on “Trump Casino Executive: He’s Gambling With Economy On Impulse | The Beat With Ari Melber | MSNBC”

  1. Cadet Spanky McBonespurs is an imbecile…
    this orange con man won't stop until he runs this country into the ground…
    the Donald is proof that money can not buy you any class…or intellegence…

  2. Trump has no idea about hard working families trying to save and invest for their future….he just doesn't care! Dump Trump 2020!!!!!

  3. Trump is sabotaging the American economy as a favor to China for all the trademarks and patents they have given him since he's been president

  4. China is going to grind the USA into the ground. And in 10 years will be the number one economy. Anyway America had a good run while it lasted

  5. Trump is a "surface" president. He does not known anything about anything beyond his "surface" statements. And, the worst part of all this is that he never, ever, wants to learn anything more! According to White House aides he comes downstairs at 11-12 noon, refuses to read any of the prepared information and keeps sneaking off to the dining room to watch TV. Then, he goes back to his bedroom and GOES TO BED AT 6:30. This almost-man is not only a "surface", no nothing, don't want to learn anything person, but he is quite possibly the "laziest" man alive! He will take the US right "down the tubes", just like all his businesses, and he is too "lazy" to care!

  6. This is hard to understand. A tariff on imports is paid by the domestic consumer via price increases. The exporter longterm may suffer from decreased orders due to slowing down of sales but they do not pay a premium or tariff. Time and time again, this method has proven to be fruitless and flawed. From a deal or negotiation position, I don't think Donald Trump has shown a propensity for success whereas China has it in their DNA. Simply it's not going to work and your President has an empty toolbox of ideas.

  7. Bill O'Reilly – "people, Trump supporters, gotta pay attention to this, the president I know, I know, is all over this"
    Lol – how the heck do you think we got to here Bill, Trumps hands all over it? Ya think? Ya can't fix stupid BILL.

  8. "I'm going to run this country just like I ran my business." – t'rump

    Yeah. Straight into the ground! 😄😆😅😂

  9. Jack O'Donnell is a treasure of how Trump's mind works from experience. It is very clear, America made one of it's BIGGEST MISTAKES by electing the Master Con Man, Trump. The whole country & the world (except for Russia) has/will suffer.

  10. Trump has the impulse control and the decision making skills of a toddler, plus he likes really big big BIG trucks, so I'm sure he knows what he's doing.

  11. Anyone that has went bankrupt as many times as this loser shouldn't be trusted with giving you change for a dollar.

  12. I never thought your smart and intelligent peoples would elect trump, shows how stupid I am. at the same time I am very happy to live in Canada. with my free health care. good luck my southern cousins, you'll need it.

  13. Informal poll: If for some reason you were tasked with picking the next President of The United States, who would you choose?

    I mean it could be literally be any eligible person. Even if they don't want to, they would have take the job and execute the oath of office to the best of their ability.

    So who would you choose?

  14. Oh yeah, our POS POTUS is CERTAINLY a closer…he’s the best at closing any business he either starts or buys. Besides the fact he has never actually grown a business, he is/was notorious for buying a business and subsequently sucking all cash flow out of it and into his pockets until it was time to either sell (or more likely) declare bankruptcy and do whatever he could to avoid paying anyone what he and/or the company owed.

  15. Oh my this guy just said in unsaid words that Trumps base Is Racist. I already knew that but did not expect someone to point it out on live news.

  16. Chapter 11 trump……. we were warned……. chapter 11 America…
    Now we're seeing the fall of America under trump the liar.
    Everything trump touches DIES!!!

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