Fox & Friends reacts to Trump's financial ineptitude: “If anything, you read this and you’re like ‘Wow, it’s pretty impressive, all the things that he’s done in his life,’ ” co-host Ainsley Earhardt said. “It’s beyond what most of us could ever achieve.” “He’s a bold businessman, which is chronicled here,” co-host Brian Kilmeade said. “I can’t imagine having that much money, spending that much money, and being in debt. For him, it makes sense.” Kilmeade, who casually tossed out that Trump “lost a lot of money over the course of 10 years, if you consider a billion dollars a lot of money,” added: “It’s as if you buy something and it doesn’t pay out right away or ever you’re a loser. No, you take shots, you have an opportunity to do things, that’s the way you live. The reason why we all knew Donald Trump’s name is because for 30 years that’s what he did … What do people not understand about he’s a little bit different from most people?” In fairness to the show’s hosts, their analysis was more astute than that of one of their guests, Newt Gingrich, who saw the report for what it was: proof that the Trump tax cuts would work. “When you lower taxes, there is less reason to have shelters, and when you lower taxes there is less reason to create losses for tax purposes,” Gingrich said. “So, in a very real way, the Trump tax cuts are vindicated by the New York Times story.”
Sure, it's bold to risk your shell corporation's rep when you can charge off the paper losses for your other ventures. I'm sure the suppliers and real working people that didn't get paid are impressed. They're so feeble their lawyers can't even get their credit rating back so they can move on to other scams, er, projects.
