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New York Times Piece on Trumps Economic Troubles is Old News!

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New York Times Piece on Trumps Economic Troubles is Old News!

By now everyone has read or at least heard of the New York Times’ story about how Donald Trump, then a real estate tycoon, lost a billion dollars in the early 1990s and was able to write off said losses so that he paid zero federal income taxes for about 10 years.

The media and other Trump enemies fell upon the story as a jackal would a freshly killed deer.

The reaction of Neera Tandem, the president of the Center for American Progress, was typical:

“I saw focus groups of Trump voters in 2016. They thought the fact he was a hugely successful businessman would make him a successful president. The fact he was a loser in business will hurt him. And that is why he’s kept his taxes secret.”

One problem exists about this theory.

Trump’s fiscal woes were heavily reported in the New York media at the time.

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