"A Classic State Capitalist": How Donald Trump Profited from Public Subsidies & Political Favors

http://democracynow.org - "It’s not been easy for me. It has not been easy for me. I started off in Brooklyn. My father gave me a small loan of a million dollars." Those were the words of presumptive Republican nominee Donald Trump during a town hall event last year in New Hampshire. Today we look back at Trump’s rise to power and how he profited from his father’s deep pocketbook and political connections. Decades before Donald Trump became a household name, his father Fred Trump emerged as one of New York’s most prolific real estate developers, building more than 27,000 homes in Brooklyn and Queens. In 1927, Fred Trump made the news when he was arrested at a Ku Klux Klan riot in Queens. We speak to Wayne Barrett, considered the preeminent journalist on Donald Trump. As a reporter at The Village Voice, Barrett began reporting on Donald Trump in the late 1970s. Barrett’s 1991 biography of Trump was just republished as an ebook with the title of "Trump: The Greatest Show on Earth: The Deals, the Downfall, the Reinvention."

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