Last updated on July 17th, 2023 at 09:04 pm
The evidence is mounting that Donald Trump isn’t as rich as he claims as an investigation into his business holdings revealed twice as much debt as he reported on his federal disclosure forms.
The New York Times looked into Trump’s business interests and found a mountain of debt:
But an investigation by The New York Times into the financial maze of Mr. Trump’s real estate holdings in the United States reveals that companies he owns have at least $650 million in debt — twice the amount than can be gleaned from public filings he has made as part of his bid for the White House. The Times’s inquiry also found that Mr. Trump’s fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign.
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For example, an office building on Avenue of the Americas in Manhattan, of which Mr. Trump is part owner, carries a $950 million loan. Among the lenders: the Bank of China, one of the largest banks in a country that Mr. Trump has railed against as an economic foe of the United States, and Goldman Sachs, a financial institution he has said controls Hillary Clinton, the Democratic nominee, after it paid her $675,000 in speaking fees.
The Times investigation provides a possible answer to the question of why Trump wants to be president. As President, Trump would have the power to make direct decisions that would impact his business. Donald Trump could get very rich off of the decisions made by President Trump. The Trump campaign is definitely about an out of control ego who really believes his own self-created superhero status. The President Of The United States is the most famous person in the world, and Donald Trump craves that fame.
Donald Trump is also interested in making more money for himself, and if elected president, Trump use the powers of the office to enrich himself in ways that would make third world dictators envious.
Trump will never release his tax returns because they will confirm that the “Trump empire” is a paper only house of cards built on debt, much of it to the same foreign countries that the Republican nominee promises to get tough on during his campaign speeches.
The GOP nominee is a fraud, and his secrets and no matter how hard he tries to hide them, his secrets are leaking out as the presidential campaign moves forward.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
