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Trump’s net worth may be ‘less than zero’ which is why he is hiding his tax returns: Trump biographer

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Trump biographer David Cay Johnston unleashed another brutal breakdown of the president’s finances Friday in a new Daily Beast report. In the wake of Michael Cohen’s testimony earlier this week, in which Cohen testified that Trump had inflated his net worth multiple times over the past few decades, Johnston took the time to highlight some of his past investigative work into Trump’s wealth, or lack thereof.

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“Trump’s financial fakery is good enough to fool millions of Americans, but not the members of the most exclusive rich people’s club in America, the National Football League team owners,” he wrote of Trump’s failed attempt to buy the Buffalo Bills.

“What Trump does is spend enough money to create the appearance of being a billionaire, something I’ve been reporting since I got hold of his financial statement in 1990, which showed he was no billionaire,” he wrote.

The biographer has been sounding the alarm that Trump is nowhere close to being a billionaire for over a decade now, despite many parroting Trump’s claims that he is one, just because Trump, and Forbes magazine, have said so.

“Creating a lifestyle that lets him pose as a billionaire costs less than $12 million annually, I estimate,” Johnston wrote. “And he achieves that not through building wealth, but through his work as a financial locust who devours other people’s money through moving from one shady deal to the next,” he continued. “Along the way he cheats banks, investors, workers, and governments at all levels,” the biographer noted.

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Soon, America may finally get to see actual tax returns from Trump that will prove, one way or another, if Trump is indeed an actual billionaire, or not, thanks to the newly elected Democratic majority in the House of Representatives who have vowed to get Trump’s tax returns, and make the results of their inquiry public.

“When we see Trump’s tax returns, as we can expect to soon thanks to a 1924 anti-corruption law, you can get bet his income won’t support a net worth anywhere near even one billion dollars,” Johnston predicts. “And don’t be surprised if his net worth turns out to be less than zero, as Trump was forced to admit in 1990 when I reported that his net worth was negative $295 million, meaning that you are probably worth more than Donald Trump,” he said.

Read the full story here.

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‘The man who sold America’: Mitch McConnell’s mountain of political sins catalogued in devastating new profile

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Mitch McConnell finally has the power he's longed for since he was a 22-year-old intern for Sen. John Sherman, but his ruthless march to become Senate majority leader has seen him abandon almost all of his stated principles -- and earned him a lot of enemies.

The Kentucky Republican has been unpopular in his home state for years, but this summer has seen his approval rating plunge to 18 percent after MSNBC's Joe Scarborough tarred and feathered him with the nickname "Moscow Mitch," and he's increasingly seen as "the man who sold America," reported Rolling Stone.

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Sarah Sanders rages on Fox News that the ‘out-of-control’ media is ‘making stuff up’ about Trump

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In her new gig as a Fox News contributor, former White House spokesperson Sarah Huckabee Sanders complained to host Sean Hannity that the "out-of-control" media makes "stuff up" about Donald Trump because they hate him for winning in 2016.

Sanders, who once told reporters that "countless" FBI agents had lost confidence in James Comey only to later tell investigators from special counsel Robert Mueller's office that she made it up, complained to the Fox host about the press being untrustworthy.

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There will be ‘nightmarish’ consequences if ‘buffoon’ Trump starts a war with Iran: Rick Wilson

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Longtime Republican strategist Rick Wilson is warning about the severe dangers that will come from President Donald Trump getting America into a war with Iran.

In a scathing column written for the Daily Beast, Wilson warns that the president is "entirely unequipped to handle" any serious fight against Iran, which has been accused of launching strikes against Saudi oil production facilities.

"The mullahs know what they’re seeing when they behold Trump: a buffoon and a bluffer who just might be dumb enough to start a war with nightmarish consequences," Wilson writes. "Iran sees an American defense and intelligence apparatus run by toadies and temporary/acting/provisional/until-the-next-tweet nonentities whose tenures depend not on strategic insight or depth of knowledge, but on their ability to abase themselves before the Dear Leader."

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