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Forbes 400 creator demolishes Trump’s lie that the presidency is costing him billions of dollars

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On Tuesday, President Donald Trump complained at a campaign stop at a Pennsylvania petrochemical factory that the presidency is costing him a “fortune” — possibly as much as $5 billion.

In conversation with CNN’s Erin Burnett, “Forbes 400” list creator and financial journalist Jonathan Greenberg shot down his lie.

“The president says it’s costing me from $3 to $5 billion, does that claim add up?” asked Burnett.

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“No, it doesn’t add up,” said Greenberg. “I mean, Donald Trump has never been worth $3 to $5 billion.”

“So the bottom line is he doesn’t have that much to begin with,” said Burnett. “Then the second part is, I’m losing money, right? I’m losing money because I’m president. Does that add up?”

“No, he’s losing money and he is making money,” said Greenberg. “He’s losing money partly because he is a very bad businessman. He brought the Doral Hotel for example, it’s bigger than his next 10 clubs put together. It loses money because he is a terrible manager and people don’t want to stay at his golf clubs. He’s losing money on luxury apartment buildings because the money launderers, the Russian and drug money cartels don’t want to invest with him because he’s more high profile. He makes money from Mar-a-Lago where he doubled the entrance fees, and he’s making money at the Trump International Hotel in Washington.”

“So, there is a negative, but the positive, you’re saying, overall outweighs,” said Burnett.

“And the legal fees he’s speaking about,” added Greenberg. “Legal fees, they might be $5 million for a case for the — for some of the cases he is talking about. He is talking about $5 billion. That’s 1,000 times that much. And most legal fees are related to criminal activities he has engaged in or suspected of, such as Trump University and his foundation where he took money from them. So those are most of his legal fees.”

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DOJ investigating why consumers are paying record prices for beef during pandemic: report

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On Monday, Politico reported that the Justice Department and Agriculture Department are looking into what they consider to be suspicious price increases of beef for American consumers — on the suspicion that the recent spike in prices may be a result of price-fixing.

"Supermarket customers are paying more for beef than they have in decades during the coronavirus pandemic," reported Leah Nylen and Liz Crampton. "But at the same time, the companies that process the meat for sale are paying farmers and ranchers staggeringly low prices for cattle."

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CNN

Trump is ‘losing it’ and ‘devolving down into rabbit holes of conspiracy theories’: Conservative TV host

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On Monday, conservative CNN talk show host S. E. Cupp slammed President Donald Trump for his behavior amid the coronavirus pandemic.

"I think no matter who the president is, there's always going to be someone criticizing the response to a disaster," said anchor Brianna Keilar. "But something that has been true since the beginning of this is that the president really had a real opportunity, handed one, to unify people, to lead, to set a tone, and he's really squandering it, isn't he?"

"I think we should say, Brianna, this has long gone past offensive, and distasteful. I think what we're seeing is the president losing it," said Cupp. "I don't think that the president's behavior is that of a healthy, stable, balanced person. That he can't focus all of his energy and efforts and attention on this global pandemic, on securing the physical and economic safety and health of this country, is very alarming. Instead, devolving down these rabbit holes of conspiracy theories, baseless conspiracy theories as you pointed out, attacking women for their looks and their weight, you know, threatening governors, one in Michigan for mail-in voting, another in North Carolina for not guaranteeing a full house at the RNC."

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CNN

Trump ally: It’s ‘unrealistic’ to say president shouldn’t golf just because people are dying of COVID-19

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On CNN Monday, former Trump adviser and Republican lobbyist David Urban defended President Donald Trump's decision to take a golf outing as coronavirus deaths approached 100,000.

"Every death is horrible," Urban said. However, "people die in America every day, and just to expect the president to sit frozen in his office is unrealistic."

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The US approaches 100,000 coronavirus deaths, while this weekend President Trump played golf.

Close Trump confidante @DavidJUrban says “every death is horrible," but "people die in America every day, and just to expect the president to sit frozen in his office is unrealistic.” pic.twitter.com/rYnVaUD0Tc

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