MeidasTouch host Ben Meiselas reports on Donald Trump’s encore to bankrupting Atlantic City as he systematically destroys Las Vegas. HIMS: Thanks to HIMS! Start your free online visit today at https://hims.com/meidas for your personalized ED treatment options. Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: How is Donald Trump affecting Las Vegas tourism?
Donald Trump, the bankruptor of Atlantic City, is back for his encore, no pun intended, bankrupting Las Vegas. Donald Trump is causing severe damage to Las Vegas, which relies on tourism dollars. As we've reported before on the Midas Touch Network, Tourism from Canada, from Europe, from Australia, and elsewhere is down significantly, reaching levels that are almost non-existent.
Chapter 2: What led to the decline in tourists visiting the U.S.?
Now, Canada started the boycott of tourism in the United States and a boycott of all products from the United States. That boycott has spread to Europe, to Australia, and elsewhere. In addition to boycotting tourism to the United States, it is also obvious why tourists are not coming into the United States.
They're hearing stories about migrants being thrown in detention centers, not getting due process, and being sent to concentration camps in El Salvador.
And they're hearing about backpackers and tourists who are entering the United States who are being treated like it's the Inquisition, being thrown in detention centers, getting strip searched, cavity searched, and essentially treated like criminals and deported and being held for days and sometimes weeks in detention centers into the United States.
So for that reason, tourism has declined significantly. Las Vegas relies on tourism dollars. Now, if you've traveled to Las Vegas recently, if you've been following the Las Vegas trades, if you've been following what's going on at MGM, the largest employer in Las Vegas, and following what the head of the tourism bureau in Las Vegas is saying, it is reaching a dire situation.
Chapter 3: What promises did Trump make regarding Las Vegas?
Employees are getting laid off. And remember, Donald Trump, as part of his scam, his scheme, his fraud on Vegas and elsewhere in Nevada, which voted for Donald Trump this time, talked about no tax on tips, no tax on overtime, no tax on Social Security. Of course, Donald Trump has not enacted that. Trump also said on day one prices would be lower.
He also said there would be peace in Ukraine in 24 hours. and that there would be housing that would be so plentiful that you wouldn't even know what to do with it. But of course, it is all a lie. I want to talk about what's happening in Vegas now, but I think to properly contextualize it, let's go back to the early 1990s when Donald Trump bankrupted his casinos in Atlantic City.
About eight, nine years ago, the great investigative team here –
Chapter 4: How did Trump's casinos impact Atlantic City?
from the 90s from abc it resurfaced nine years ago and they reported on donald trump bankrupting these casinos let me show you what went down when they talk about how donald trump started with this heavy promotion and everything was going to be great watch what happened when trump went to atlantic city in the early 1990s when he defrauded atlantic city play this clip
The hotel was advertised as the eighth wonder of the world when it opened in 1990.
Chapter 5: What were the consequences for Trump's Atlantic City employees?
One step beyond your wildest imagination.
A symbol of Donald Trump's meteoric rise as a real estate tycoon. Filled with Trump's signature glitz and gold, it cost nearly $1 billion to build.
Is it necessary to build on such a scale? The scale, Charlie, is what brings the people. The opulence, the size, the everything is what really is going to make the Taj Mahal, I think, the most successful hotel anywhere in the world.
But Monday at 5.59 a.m., the doors were locked at the Taj after 26 years, leaving thousands of middle-class workers without jobs. So how did Trump's crown jewel go from this... I'm really happy with what I'm seeing. ...to this? I got to show you a picture of what the casino looked like. It was pretty remarkable. Take a look at this.
Chapter 6: What warnings were given about Trump's casino ventures?
Now, there were people in Atlantic City who also had financial acumen, who were aware that Donald Trump's casinos were likely going to cause devastation. Whistleblowers, people who tried to raise the red flag. Donald Trump got those individuals fired, retaliated against them. Let me show you one such story. Play this clip.
One man said he knew it wasn't sustainable. Marvin Rothman, a gaming industry financial analyst.
And I said, well, why would you want to have three casinos? One is going to cannibalize the other.
Just weeks before the casino opened, he told the Wall Street Journal.
When this property opens, he will have had so much free publicity, he will break every record in the books in April, June, and July. But once the cold winds blow from October to February, it won't make it. The market just isn't there.
These are the quotes that made Donald Trump angry.
Live it.
What came next made headlines. Nightline covered Roffman's story.
You apparently saw things with some clarity, at least as far as the Taj Mahal was concerned. And yet when you spoke out on that, you got canned.
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Chapter 7: What did financial analysts predict about the Taj Mahal?
But Rothman turned out to be exactly right about the Taj. It could not bring in enough money. And a little over a year after it opened, the Taj Mahal filed for bankruptcy and Trump's other two Atlantic City casinos followed suit the next year.
And then finally, this is a contractor who tells the story how Donald Trump destroyed the lives of so many contractors in Atlantic City, screwed them over after defrauding them. Here, play this clip.
Had I known that Trump was going to take over the job, I would have never done the job.
He says the Taj job nearly cost him his company, which was contracted to provide glass, mirrors, and doors.
He promised if we did a good job, we would get paid.
He says Trump owed him over $1 million, and he wasn't alone. Rosenberg says Trump didn't honor the contracts of over 100 contractors who helped complete the Taj Mahal.
The man didn't pass because he didn't have the money, bottom line.
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Chapter 8: Who suffered financially due to Trump's actions?
So that was Donald Trump's excursion into Atlantic City, and doesn't it look a lot like what's going on right now?
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So let's take a look at right now and we'll compare a lot of the similarities. So before the election, remember what Donald Trump was saying? This was his message to the people in Nevada and elsewhere, where he said that the reason the economy was doing so well before the election under former President Biden was that it was a fake economy, he said.
And the reality, he said, is that everything was doing good because of him. This is what he said. Here, play this clip. Economy is not, this is just...
It's like a fake economy. Some of the best people on Wall Street are saying the economy is only good because they think, I don't want to say this because other people have said it. That's not me saying it, but they think Trump is going to get elected. That's the only reason our economy is good.
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