Yes, to the old gang of Fox and Friends, losing $1 billion is just more evidence of Trump’s overwhelming awesomeness.
Host Ainsley Earhardt said of the NY Times report exposing Trump’s losses,
“If anything, you read this and you’re like ‘wow, it’s pretty impressive, all the things that he’s done in his life. It’s beyond what most of us could ever achieve.”
In 2018 The Times published a report that found Trump had inherited some $400 million from his father, Fred Trump and now, their follow-up investigation has shown he lost it all and then some, to the tune of over a billion dollars in 10 years.
Tax documents show that in 1989 President Art of the Deal lost $181.7 million, after purchasing Eastern Airlines, which never made a profit, for $365 million. In 1990 and 1991, which coincided with the opening of the Trump Taj Mahal Hotel and Casino, the genius businessman lost a combined $517.6 million. According to reporters Russ Buettner and Susanne Craig—who just won a Pulitzer for their reporting on Trump’s finances—between 1985 and 1994, the president hemorrhaged “more money than nearly any other individual American taxpayer,” so much so “that he was able to avoid paying income taxes for eight of the 10 years.”
Trump said of the report,
“…very old information put out is a highly inaccurate Fake News hit job!”
“While Donald Trump reported hundreds of millions of dollars in losses for 1990 and 1991, Fred Trump’s returns showed a positive income of $53.9 million, with only one major loss: $15 million invested in his son’s latest apartment project.”
(Photo, screen grab; via Vanity Fair)