Drudge Retort: The Other Side of the News
Sunday, November 19, 2017

Donald Trump has an inflated view of his assets. The president's family business is worth about one-tenth of the value he has claimed, according to an analysis of the latest figures he has filed with the federal government. Some of the discrepancy is due to a downturn in business, but the rest is credited to an overheated imagination, according to Crain's New York Business reporter Aaron Elstein, who examined the numbers. Elstein told NPR he feels a bit like he was played. In 2016 the Trump Organization reported nearly $9.5 billion in revenues. But recent public filings by the president indicate that the company actually earned only as much as $700 million that year, Crain's said. Crain's determined that Trump has been reporting inflated revenue since at least 2010. After examining the latest figures Trump has filed, Crain's this month bounced the Trump Organization from the No. 3 spot on its list of largest privately held New York City companies down to No. 40.

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"It was obviously very important to Donald to have his company on the top of the list ... but the numbers that he presented are just flagrantly untrue," Elstein told NPR. Crain's said the $9.5 billion in revenue looks "preposterous in light of federal filings made by the president in the past year." Trump's properties aren't doing so well, even though it's "halcyon days" for real estate developers, according to Crain's. The average price per square foot for condos at Trump Tower has fallen by 23 percent since 2015, The Wall Street Journal reported, while prices at other midtown developments have remained steady. At Trump's International Hotel and Tower on Central Park, the average price per square foot is down 24 percent. And revenue is are down on the Trump Golf Links at Ferry Point in the Bronx, falling by more than $1.1 million in the past two years, to $5.7 million, Crain's reported.

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Damn. Trump's ego is going to end up costing his family everything before this is over. He should have kept his grifting and con artistry out of this nation's consciousness since inevitable scrutiny had to follow.

We don't currently have a Commander In Chief, we have a Liar And Thief. And he needs to be removed from office for the safety and security of this nation which he has no earthly business ineptly trying to use in furtherance of his own family's business interests.

#1 | Posted by tonyroma at 2017-11-19 11:04 AM | Reply

Damn RCAde, please fix the headline. I changed "claimed" to "claim" and didn't take the "s" off of "he".

#2 | Posted by tonyroma at 2017-11-19 11:05 AM | Reply

He should have kept his grifting and con artistry out of this nation's consciousness since inevitable scrutiny had to follow.

I'm sure his family wishes they were out of the spotlight. donald himself couldn't care less.

#3 | Posted by REDIAL at 2017-11-19 11:35 AM | Reply

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Drudge Retort