NYT's Dishonest 'Scoop' on Trump's Taxes Left Out a Narrative-Ending Piece of Information


The New York Times desperately tried to paint President Donald Trump as an incompetent businessman for his losses from 1985 to 1994, but left out information about New York City’s own real estate crash.

Trump was one of the countless businessmen caught up in the New York City real estate crash that started in 1988, according to a study from the Furman Center for Real Estate & Urban Policy.

“Along with the rest of the country, New York entered a downturn at the end of the 1980s. Citywide, prices fell by nearly 30%, more than twice the drop witnessed between 1974 and 1980, and even in Manhattan prices fell significantly,” the study said.

“Nearly every major firm has laid off real estate investment bankers to rein in costs as deals dried up,” the Times reported in 1991. “Last year Morgan Stanley, Salomon Brothers and Merrill Lynch pared down the size of their real estate groups.”

“Even Goldman, which has dominated the business on Wall Street, is telling many of its real estate bankers to look for new jobs.”

Strange New Kate Middleton Portrait Causes a Stir: 'What on Earth Is This?'

This is extremely important information to note when discussing Trump’s taxes from that period, but the Times deceived their readers by omitting these key details.

“Mr. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome,” the Times reported Wednesday.

“He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by The New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition.”

It’s common knowledge, however, that Trump’s businesses slumped through those decades.

Do you think Trump is a good businessman?

Trump even wrote a book, “Trump: The Art of the Comeback,” about how he recovered from his financial struggles.

Heartland Americans Are Like This Antelope - They'll Only Take So Much Before Rising Up and Terrifying Their Attacker

The establishment media desperately wanted the newly discovered “tax information” to be a huge scoop against Trump, but the information isn’t all that damning.

If the Times’ “tax information” is accurate, it only supports Trump’s image of a successful businessman who managed to bounce back from the disastrous real estate crash.

And despite the left’s attempts to characterize Trump as someone who doesn’t understand business, the United States economy is booming right now, with unemployment at historically low levels.

Trump is a smart businessman — it’s not a “scoop” that he reported losses during a real estate crash.

Truth and Accuracy

Submit a Correction →

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

, , , ,
Malachi Bailey is a writer from Ohio with a background in history, education and philosophy. He has led multiple conservative groups and is dedicated to the principles of free speech, privacy and peace.
Malachi Bailey is a writer from Ohio with a passion for free speech, privacy and peace. He graduated from the College of Wooster with a B.A. in History. While at Wooster, he served as the Treasurer for the Wooster Conservatives and the Vice President for the Young Americans for Liberty.
Topics of Expertise
Politics, History