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REVEALED: Trump tax report details how president’s best source of income came from lying to the press

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President Donald Trump speaking at the annual NRA convention in 2019. (Screenshot/YouTube)

President Donald Trump’s political career has been defined by his constant pattern of lying. His business career also saw success when he would lie, The New York Times bombshell report on the president’s taxes revealed.

The report detailed staggering loses for Trump after multiple failed business ventures.

However, Trump did find a way to make money. Not by constructing buildings or managing casinos, but by lying to the press.

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“As losses from his core enterprises mounted, Mr. Trump took on a new public role, trading on his business-titan brand to present himself as a corporate raider. He would acquire shares in a company with borrowed money, suggest publicly that he was contemplating buying enough to become a majority owner, then quietly sell on the resulting rise in the stock price,” The Times explained.

However, the tactic lost power as people came to distrust Trump’s public statements.

“The tactic worked for a brief period — earning Mr. Trump millions of dollars in gains — until investors realized that he would not follow through,” The Times added. “As with many things Trump, his adventures in the stock market were more image than substance, helped greatly by news reports quoting anonymous sources said to have knowledge of Mr. Trump’s actions.”

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Mary Trump sheds light on the president’s bizarre pattern of psychological projection

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President Donald Trump's niece, psychologist Mary Trump, appeared Friday on CNN to discuss her uncle's behavior during the recent president debate.

CNN host Anderson Cooper noted that Tony Schwartz, who is best known for ghostwriting "Trump: The Art of the Deal," has said "that when the president attacks people, the words he uses, the attacks he wages against other people are really things that are true about himself."

The CNN host said a similar dynamic was at play during the final presidential debate when Trump attacked Biden as being part of an organized crime family.

"It is amazing how much projection there is and I don't know if that's the term," Cooper said.

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WATCH: Shep Smith ends his show with a passionate plea to ‘follow the Fauci’ as COVID-19 surges

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CNBC host Shepard Smith, a former veteran newsman at Fox News, on Friday begged Americans to follow guidance from Anthony Fauci to prevent the spread of COVID-19

“Those of us in New York and the Northeast are worried about you, our friends, our loved ones and our viewers across the country, now more than ever really,” Smith said. “This new COVID surge is awful. So, follow the Fauci. Not for us, we are mostly good around here, we are worried for you. So please, follow the Fauci," he said.

New York was hit hard during the initial stages of the novel coronavirus outbreak in the United States. "We lived the horror of neighbors and friends sick and dying," Smith said.

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Trump gets schooled by a historian for comparing his achievements to Abraham Lincoln’s

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During the final presidential debate on Thursday, President Donald Trump boasted that he had done more for Black Americans than any president since Abraham Lincoln. On Friday, historian Doris Kearns Goodwin appeared on CNN and blasted Trump for his remark.

“The most important thing in a time of crisis is for a president to be willing it take responsibility. One of FDR’s aides once said when things are going on right, people don't have to think a lot about the character demanded by the presidency. He can just stay in that old picture frame,” she told CNN host Chris Cuomo.

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