Sunday, April 17, 2011

Can Trump Relate to Blacks and Poor?

Donald is the fourth of five children of Fred Trump, a real-estate developer based in New York City and self-made millionaire. Donald was strongly influenced by his father in his eventual goals to make a career in real estate development, and upon his graduation from the Wharton School of the University of Pennsylvania in 1968, Donald Trump joined his father's company, Elizabeth Trump & Son; taking over in 1971 and renaming it The Trump Organization. "After I graduated from the New York Military Academy in 1964, I flirted briefly with the idea of attending film school... but in the end I decided real estate was a much better business. I began by attending Fordham University... but after two years, I decided that as long as I had to be in college, I might as well test myself against the best. I applied to the Wharton School at the University of Pennsylvania and I got in...I was also very glad to get finished. I immediately moved back home and went to work full time with my father, in his book, Trump: The Art of the Deal. Trump began his career at his father's company, the Trump Organization, and initially concentrated on his father's preferred field of middle-class rental housing in Brooklyn, Queens and Staten Island. One of Donald's first projects, while he was still in college, was the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio, which his father had purchased for 5.7 million dollars in 1962. Donald became intimately involved in the project, personally flying in for a few days at a time to carry out landscaping and other low-level tasks. After $500,000 investment, Donald successfully turned a 1200-unit complex with a 66% vacancy rate to 100% occupancy within two years. The Trump Organization sold Swifton Village for $6.75 million in 1972. In 1971 Trump moved to Manhattan, and took advantage of the economic opportunities in the city, specifically large building projects in Manhattan that would net high earning profits. Trump obtained the rights to develop the old Penn Central yards on the West Side, then turned the bankrupt Commodore Hotel into a new Grand Hyatt. According to Forbes, Trump's wealth was valued at $2.7 Billion in March 2011. Based on his background and past, is Donald Trump a person that black and poor people can feel comfortable with, as their President of these United States. Can he truly relate to the plight of the less fortunate? During these hard economic times, a person who can is needed.

No comments:

Post a Comment