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#BillionDollarLoser: Americans scorch ‘millionaire-at-birth’ and ‘grifter’ Trump for decade of massive loses

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The New York Times’ bombshell exposé revealing that businessman Donald Trump lost more than $1 billion over a 10-year period during Manhattan’s real estate surge of the ’80’s and ’90’s has many Americans furious, while others are choosing to mock and ridicule the President.

#BillionDollarLoser is now the top trending term on Twitter.

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Some are also pointing to Trump’s tweets from Wednesday morning, in which he said he was “entitled to massive write offs and depreciation,” and calling the entire process a “sport.”

Here’s how some are responding to the news:

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Russia and China blast US missile test

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Russia and China warned Tuesday that a new US missile test had heightened military tensions and risked sparking an arms race, weeks after Washington ripped up a Cold War-era weapons pact with Moscow.

The US and Russia ditched the Intermediate-Range Nuclear Forces (INF) treaty this month after accusing each other of violating the accord.

Washington said the agreement also tied its hands in dealing with other powers such as China.

The US Department of Defense announced on Monday it had tested a type of ground-launched missile that was banned under the 1987 INF agreement, which limited the use of nuclear and conventional medium-range weapons.

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Leaked audio shows oil lobbyist bragging about success in criminalizing pipeline protests

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"We've seen a lot of success at the state level, particularly starting with Oklahoma in 2017," said Derrick Morgan of American Fuel & Petrochemical Manufacturers

As a growing number of states move to pass laws that would criminalize pipeline protests and hit demonstrators with years in prison, an audio recording obtained by The Intercept showed a representative of a powerful oil and gas lobbying group bragging about the industry's success in crafting anti-protest legislation behind closed doors.

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Trump’s latest attempt to smear Scaramucci dunked in mockery

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At least one White House or campaign staffer apparently helped President Donald Trump attack his short-lived communications director Anthony Scaramucci -- and he was met with mockery.

The president tweeted out a supercut video late Monday of Scaramucci defending Trump before his recent public disavowal, and attacked his former staffer as a "dope" who's seeking fame.

Nobody ever heard of this dope until he met me. He only lasted 11 days! pic.twitter.com/RzX3zjXzga

— Donald J. Trump (@realDonaldTrump) August 20, 2019

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