Quantcast
Connect with us

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

Published

on

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.

ADVERTISEMENT

“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.”

ADVERTISEMENT

Watch below:


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

Breaking Banner

Dr. Fauci reveals his family is ‘getting death threats’ from people who disagree with ‘science’

Published

on

Dr. Anthony Fauci, the federal government's top infectious disease expert, revealed on Wednesday that his family has received death threats from people who disagree with his scientific recommendations on COVID-19.

During an interview with CNN's Sanjay Gupta, Fauci talked about "unseemly things that crises bring out in the world."

"And getting death threats for me and my family, harassing my daughters to the point where I have to get security is just -- I mean, it's amazing," Fauci explained. "I wouldn't have imagined in my wildest dreams that people who object to things that are pure public health principles are so set against it and don't like what you and I say, namely in the word of science, that they actually threaten you."

Continue Reading

CNN

‘I don’t even know where to start’: CNN analyst tears into Trump’s plan to give re-nomination speech at White House

Published

on

On CNN Wednesday, CNN analyst Dana Bash slammed President Donald Trump's new plan to give the GOP re-nomination speech at the White House.

"I mean, I don't even know where to start," said Bash. "There is a law called the Hatch Act, where it says that you're not supposed to politic from government grounds. The president is exempt from that, so it may be legal grounds for him to stand on, relatively firmly, to do this at the White House. There are questions about the aides that are working for him to do it. But let's just talk about whether it's appropriate."

Continue Reading
 

Breaking Banner

‘He still doesn’t get it’: White House source tells CNN’s Acosta that Trump refuses to take the pandemic seriously

Published

on

CNN's Jim Acosta on Wednesday reported that President Donald Trump this week attended a meeting with his own White House Coronavirus Task Force -- and it quickly became clear that the president is still not taking the pandemic seriously even after the deaths of 156,000 Americans.

“He still doesn’t get it,” the source told Acosta. “He does not get it.”

Acosta's source says that during the meeting on Tuesday, Trump frequently tried to change the subject away from the coronavirus pandemic, despite the fact that the entire purpose of the meeting was to discuss the coronavirus pandemic.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image