Trump's Hotel Was Set to Fail After He Took Office, Then the Trump Effect Took Full Swing
If there has been one group of “biggest losers” in the last two years, it might be critics who bet against Donald Trump.
First, they treated his candidacy as a complete joke. When Trump caught them off guard by securing the GOP nomination, “experts” gave Hillary Clinton over a 98 percent chance of winning the White House. Well, we all know how that turned out.
Now, President Trump has defied naysayers by ushering in a booming economy and record-breaking stock market. At the same time, another Trump-branded project that was labelled “doomed to fail” by pundits has stunned everybody and become a rousing success.
“Trump International Hotel in Washington, D.C. was projected to lose money, but it raked in a staggering $2 million in four months, according to a Friday report,” stated The Daily Caller.
“Even the critics of the Washington property acknowledged that it actually turned out better than maybe expected — one of the better of the Trump properties, if not among the best,” admitted Bjorn Hanson, a professor of tourism and hospitality in New York, according to The Daily Beast.
Hanson explained that most hotels expect to lose money for the first two years of operation. Instead, the Trump International Hotel is in the black, and made close to $2 million in the first four months of being open.
As they did in the presidential election, Trump’s critics seem to have completely overlooked the influence of one group: conservatives.
“Since Trump entered the White House in January, the hotel has emerged as a Republican Party power center and popular destination for conservative, foreign and Christian groups holding meetings in Washington, earning Trump’s company $19.7 million through April 15,” The Washington Post reported.
Not surprisingly, left-leaning pundits are wringing their hands over the fact that Trump’s name is attached to the business he helped build. However, the president has handed over control of the Trump companies to his adult children, and refused to take profits from the hotel chain while in office.
“What I’m going to be doing is my two sons, who are right here, Don and Eric, are going to be running the company,” then president-elect Trump told reporters before his inauguration. “They are going to be running it in a very professional manner. They’re not going to discuss it with me.”
Liberals who decried Trump all the way to the White House might be crying over their negative economic predictions, as well. The Trump hotel’s success mirrors the overall gains in the U.S. economy since the election… but anti-Trump pessimists don’t want to admit that they were wrong.
“In preparation for a completely unpredictable Trump presidency, I sold all stocks in my kids’ education accounts today. I urge u to do same,” anti-Trump MSNBC contributor Kurt Eichenwald declared in September 2016. Other liberal outlets made similar doom-and-gloom economic predictions.
In preparation for a completely unpredictable Trump presidency, I sold all stocks in my kids’ education accounts today. I urge u to do same.
— Kurt Eichenwald (@kurteichenwald) September 26, 2016
Since then, the Dow Jones Industrial Average has surged from around 18,200 to nearly 25,000 today — a gain of 37 percent. So much for “expert” liberal financial advice.
It’s amazing how well being pro-business, pro-success, optimistic and ambitious actually works. Nothing silences critics quite like results.
Trump promised to “Make America Great Again” — and if the economic boom is any sign, the next several years are well on their way to being exactly that: great.
Please press “Share on Facebook” if you’re tired of critics constantly underestimating the president and America!
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