The “Failing” *New York Times* Reveals That Trump Lost $1.17 Billion Between 1985-1994. What Say Ye Jerry Falwell?

Trump-thinking-900

Court evangelical Jerry Falwell Jr. recently said that Christians no longer vote according to social issues.  For example, he likes to say that he backed Donald Trump because he was a great businessman.  On January 27, 2016,  Falwell Jr. published a piece at The Washington Post in which he said the following:

I admit my view of the world is colored by my legal and business experiences at Liberty. I respect the opinions of those who believe that it is now more important to elect a career politician who shares their constitutional views or someone who shares their faith instead of a business professional, but I cannot agree.

In my opinion, this nation needs a citizen legislator who is a tough negotiator, one who has gone head to head with the best business minds in the world and won, a businessman who has built companies from the ground up, and who will use those experiences to be tough with China, ISIS and nations that are taking advantage of the United States by stealing our jobs.

When Falwell Jr. endorsed Trump for president he said that he supported the reality television star because he was a “successful executive and entrepreneur.”

In this interview, Falwell Jr. said:

What earns him my support is his business acumen. Our country was so deep in debt and so mismanaged by career politicians that we needed someone who was not a career politician, but someone who’d been successful in business to run the country like a business. That’s the reason I supported him.

I realize that Jerry Falwell has a lot on his plate right now, but I wonder how he feels about The New York Times report that Trump lost more than a billion dollars over a ten year period between 1985 and 1994.

Here is a taste of Russ Buettner and Susanne Craig’s article:

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits.

Trump likes to refer to this newspaper as the “failing New York Times.”

It seems the American economy is doing well right now in spite of the fact that we have a failed businessman at the helm.

14 thoughts on “The “Failing” *New York Times* Reveals That Trump Lost $1.17 Billion Between 1985-1994. What Say Ye Jerry Falwell?

  1. What Say Ye Jerry Falwell?

    What Else?

    “Every Knee Shall Bow,
    Every Tongue Confess,
    Donald Trump Is LOOOOORD!”

    Like

    • Rick,
      “Genius” might be too strong. Donald has had his ups and downs like many people within business. Actually, I don’t think that business per se is his strongest skill. He is reasonably good at business but he is outstanding at publicity and promotion. Even before he entered politics, he was known as much as a celebrity as a businessman. By the way, that appellation is not necessarily something to be scorned. It carries with it business value.
      James

      Like

    • When I was in my doctor’s waiting room last week, one of the business/local cultural magazines said that in the CEO suites of “the Silicon Coast” (local version of Silicon Valley), the current fad to become the next Elon Musk or Steve Jobs was — microdosing LSD. Yes, you heard that right — drop acid for SUCCESS.

      After reading that (and it was a serious article), nothing will surprise me about Secular CEO Business Geniuses.

      Like

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