Trump is finally the best at something... Losing money!

Washington (CNN)President Donald Trump's businesses reported losses of $1.17 billion from 1985 to 1994, The New York Times reportedTuesday, citing information from tax documents from those years.

It appears Trump lost more money than nearly any other individual US taxpayer year after year, the Times reports, according to the 10 years of tax information the newspaper acquired.

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Bulletproof said:

I loved Michelle Wolf at the Correspondents Dinner when she did her bit about Trump not really being all that rich.

Also, in I think it was 1977 Trump and Warren Buffett had the same amount of money, about 100 million. Today Buffett is one of the world's richest people. He's a smart guy. Trump, meanwhile claims he is worth about 3.6 Billion, which is A LOT of money. But had he invested his 100 million into a standard 401k plan in 1977, he'd be worth well over 6 billion today. About double what he's worth (and that's after multiple bailouts via bankruptcy). So Trump UNDERPERFORMED the market massively.

As we've seen, he is not a smart man. As many of us have known, he isn't a good businessman. As world leaders know he isn't a good dealmaker. As all of us know he isn't a good man. So what the **** is he?

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The Thriller said:

Fixed

I agree with everything else you said. And I fear greatly for national security. The dictators of the world see an american *** clown in the White House that they can bribe, push around, coerce, etc because he’s just so damn gullible. And since Russia has so much leverage on him, he’s not going to do anything to secure our elections. Hell, he can’t. Because if he even tried he would be admitting that they played a hand in the last presidential election and he’d see that as admitting that he got help to win.

Just look at how Kim is bending us over. just look at our entire foreign policy. Everything trump has done in this arena, has completely and utterly failed.

I think it’s absolutely critical to get to the bottom of what his debts are and who has leverage on him. Trump is a complete national security threat.

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Bulletproof said:

Trump claims he's worth MORE than 10 Billion. People have estimated his net worth at around 3.6 billion.

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The Thriller said:

trigger warning for all the trumper snowflakes, this story is gonna get you triggered. Leave now Trumpers, you’re gonna be triggered, go back to your conservative safe place thread. Smashing reporting from The NY Times that will undoubtedly trigger Trump into ripping the Times during tomorrow morning’s bowel movement.



So if he lost more money than any other American, who or what has kept him afloat all of these years?



https://www.nytimes.com/interactive/2019/05/07/us/politics/donald-trump-taxes.html

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• Due to President Trump’s pro-growth policies, real gross domestic product (GDP) growth exceeded 3 percent over the last four quarters.
  • Real GDP grew at annual rates of 3.4 percent in the third quarter of 2018 and 4.2 percent in the second quarter.
• More than 5 million jobs have been created since President Trump’s election and the unemployment rate remains below 4 percent.
  • This is the eighth time this year that the unemployment rate has been below 4 percent.
  • Prior to this year, the unemployment rate had fallen below 4 percent only five times since 1970.
  • The unemployment rate for African Americans in May fell to 5.9 percent, which is the lowest rate on record.
  • Asian and Hispanic-American unemployment rates have reached record lows this year.
• Initial weekly jobless claims have hit a nearly 50-year low under President Trump.
• Under President Trump, job openings outnumber the unemployed for the first time on record.
• Recently, more than two-thirds of Americans rated “now” as a good time to find a quality job, tying a record high in a poll by Gallup.
• Americans are seeing more money in their pockets thanks to the booming economy.
  • In recent months, workers have seen their largest nominal year over year wage growth in nearly a decade.
  • In 2017, real median household income rose to a post-recession high.
• President Trump’s policies are helping to lift Americans out of poverty.
  • African-American and Hispanic-American poverty rates reached record lows of 21.2 percent and 18.3 percent, respectively, in 2017.
  • Since the election, 4.6 million Americans have been lifted off of food stamps.
• Consumer confidence has soared under President Trump, recently reaching an 18-year high.
• President Trump is delivering on his promise to bring back American manufacturing.
  • The National Association of Manufacturers’ Outlook Index had the highest annual average in its history over the past year.
  • Manufacturing added 284,000 jobs in 2018, the most added in a year since 1997
• Small Business optimism jumped to a record high under President Trump, according to a survey by the National Federation of Independent Business (NFIB).
  • The NFIB’s Small Business Optimism Index broke a 35-year record in August.
• President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.
• These tax cuts are delivering real results for American families and workers.
  • More than 6 million workers received tax cut bonuses and benefits.
  • More than 100 utility companies have announced lower rates.
• President Trump is ensuring American workers receive the training and education they need to compete in today’s economy.
  • President Trump signed an executive order establishing the National Council for the American worker.
  • More than 185 companies and associations have signed our “Pledge to America’s Workers,” promising more than 6.4 million new training and career opportunities.
  • The President signed legislation that reauthorized the Carl D. Perkins Career and Technical Education Act, making more than $1 billion available for career education programs.
• President Trump has prioritized the economic empowerment of women.
  • The women’s unemployment rate recently reached its lowest rate in 65 years.
  • The Small Business Administration lent approximately $500 million more in capital to women-owned businesses in 2017 compared to 2016.
  • The Administration helped launch the Women Entrepreneurs Finance Initiative, which could leverage more than $1 billion to support women entrepreneurs.

• President Trump has followed through on and exceeded his promise to roll back two regulations for every new one created.
  • President Trump’s Administration surpassed the 2:1 ratio in 2018, eliminating 12 regulations for every new one in 2018.
  • In 2017, the Trump Administration eliminated 22 regulations for every new one.
• Since taking office, President Trump’s deregulation efforts have achieved $33 billion in regulatory savings.
  • In 2018, these efforts alone delivered $23 billion in benefits to American families and business owners.
• President Trump has signed 16 Congressional Review Act resolutions into law, eliminating burdensome Obama-era rules and regulations.
• President Trump announced U.S. withdrawal from the Paris Climate Agreement, which would have harmed America’s economy and cost American workers millions of jobs.
• President Trump signed an executive order to streamline the permitting process for infrastructure projects with a goal of cutting approval time from up to 10 years to an average of 2 years.
• President Trump signed legislation to roll back burdensome Dodd-Frank regulations that harmed community banks.

Heathme said:

View attachment 7299

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