Trump and the Art of the (Union) Deal
The ascendency of Donald Trump’s presidential campaign is a joke that both bores and terrifies me, but that is not the subject of this blog post. An article in today’s NY Times, “Donald Trump and the Art of the Public Sector Deal,” provides an interesting insight into his shrewd use of public/private deal-making to build up his real estate empire, but misses an even more interesting story about an early example of Trump’s pragmatism around unions. Unlike his more ideological counterparts in the business world, or his Koch-funded competitors for the Republican nomination, Trump has treated unions as a cost of doing business – when, that is, those unions have organized and demonstrated the power to make their existence a fact of life. The Times story tells of how Trump, in 1978, secured a 40-year tax abatement from city and state officials in order to redevelop the “closed, blighted eyesore” […]