Politics ‘Doesn't that make me a smart guy?’: Trump defends Chicago business deals after NYT report
Fact-checking Trump's massively dishonest weekend: The President made at least 66 separate false or misleading claims in three days
President Donald Trump's dishonesty is getting worse. © Mandel Ngan/AFP/Getty Images US President Donald Trump gestures during a rally at Southern Wisconsin Regional Airport in Janesville, Wisconsin on October 17, 2020. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) Trump has been reliably deceptive for his entire presidency, filling his speeches and tweets with lies and other false statements.
President Donald Trump said Wednesday that a report showing he dodged hundreds of millions of dollars in debt proved him to be a “smart guy,” reprising a much-criticized defense of his business and financial practices.
“As a developer long ago, and continuing to this day, the politicians ran Chicago into the ground,” Trumpon Twitter. “I was able to make an appropriately great deal with the numerous lenders on a large and very beautiful tower. Doesn’t that make me a smart guy rather than a bad guy?”
The president’s social media post came after The New York TimesTuesday that his lenders for the Trump International Hotel & Tower in Chicago had since 2010 forgiven roughly $270 million in unpaid bills accumulated as part of the massive real estate project.
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Trump’s latest tweet closely resembles other arguments he has employed in response to news accounts of his financial records. After the Timesin October 2016 that he had declared a nearly $1 billion loss on his 1995 tax returns, Trump during a presidential debate that not paying federal income taxes “makes me smart.”
Democrats have since recalled that line to accuse the president of evading his taxes — part of a broader assault on what they claim are Trump’s decades of shady financial dealings.
The Times alsoin October 2018 that Trump perpetrated dubious tax schemes and outright fraud during the 1990s to bolster the inheritance he received from his parents, the equivalent today of at least $413 million.
Hunter Biden's ex-partner says Joe Biden was involved in China deal
Tony Bobulinski told the New York Post on Wednesday that he personally witnessed Joe Biden discuss business deals with his son, Hunter, contradicting claims by the former vice president. 'I’ve seen Vice President Biden saying he never talked to Hunter about his business.‘I’ve seen firsthand that that’s not true, because it wasn’t just Hunter’s business, they said they were putting the Biden family name and its legacy on the line.
More recently, the Timeslast month that Trump paid only $750 in federal income taxes in both 2016 and 2017, and that he was responsible for loans and other debts totaling $421 million — with most of that amount due to be paid within the next four years.
The president pushed back against that investigation by the Times,that he was “entitled” to take advantage of various financial loopholes while claiming to be under-leveraged and in possession of “very little debt.”
Trump appeared toat an NBC News town hall event earlier this month that he did indeed owe at least $400 million in debt. Although Trump said he did not “owe Russia money,” when asked whether any of the debt was owed to foreign banks or entities, he replied: “Not that I know of, but I will, probably.”
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