Hard to believe, but it seems Donald Trump was an even worse businessman than we thought. Trump likes to portray his old financial troubles as a temporary product of a recession. But even back then it was pretty apparent that he wasn’t really, truly all that great at deal-making. Trump would like us to believe all that red ink was actually a canny business strategy. “You always wanted to show losses for tax purposes,” he tweeted after the Times report, adding that “it was sport.”

Source: New York Times May 09, 2019 00:11 UTC