Quantcast
Connect with us

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

Published

on

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.

ADVERTISEMENT

“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.”

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

US military had to bomb our own base in Syria because of Trump’s mistakes — and one Republican is furious

Published

on

President Donald Trump's decision to withdraw in Syria in less than 24 hours put American troops at risk as they were being fired on by Turkey. However, according to the Wall Street Journal , the military was also forced to bomb our own military base.

Republican Rep. Adam Kinzinger, who has been critical of Trump's decisions in the past months, pointed out the factoid in a tweet Wednesday evening, asking, "Is this the America you grew up believing in?"

https://twitter.com/RepKinzinger/status/1184650759377473536

"On Wednesday, the U.S. military said two F-15E jet fighters carried out an airstrike to destroy an ammunition-storage facility, latrines, tents and other parts of the Syria headquarters of the American campaign to destroy Islamic State after pulling its forces from the base," reported The Journal.

Continue Reading

Breaking Banner

Maddow outlines how Giuliani and his arrested pals seem to be leading back to a corrupt Ukrainian oligarch

Published

on

MSNBC host Rachel Maddow detailed the way that President Donald Trump's personal lawyer, Rudy Giuliani, and his two recently-arrested business associates are now linked to an oligarch in Ukraine.

In an NBC News report earlier Wednesday, it was revealed that Giuliani's associates, Lev Parnas and Igor Fruman, were doing work with oligarch Dmytro Firtash.

The report revealed that Firtash was involved in getting partners for an oil and gas company while also helping with the effort to dig up dirt on former Vice President Joe Biden.

Continue Reading
 

Breaking Banner

Trump accused of working to ‘obstruct his own impeachment’ by congressional attorneys: report

Published

on

On Wednesday, Politico reported that lawyers working for the House of Representatives issued a blistering court filing accusing President Donald Trump, among other things, of trying to use the power of his office to "obstruct his own impeachment."

The filing, part of the House Judiciary Committee's attempt to seek testimony from ex-White House Counsel Don McGahn, cites the White House's repeated efforts to block current and former Trump administration officials from testifying — and even some allies of Trump who have never held any position in his government.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image