Fox News host Ainsley Earhardt said Wednesday that a bombshell report published by The New York Times on Tuesday chronicling President Trump’s massive business losses over a 10-year period was an “impressive” look at everything the real estate mogul accomplished.
“If anything, you read this and you’re like ‘wow, it’s pretty impressive, all the things that he’s done in his life,'” Earhardt said on “Fox & Friends” after the Times reported that Trump’s businesses accumulated $1.2 billion in losses between 1985 and 1994.
“It’s beyond what most of us could ever achieve,” she added.
The Times report revealed that in 1990 and 1991, Trump’s business losses were more than $250 million. The documents the newspaper received also indicated Trump avoided paying income taxes for eight of the 10 years because of his massive losses.
Brian Kilmeade said that the story actually displayed that the president was a “bold businessman” because he was willing to take risks.
“There’s nothing about this article that should surprise anybody that got the [New York] Daily News and New York Post throughout the last 10 years,” Kilmeade said. “I can’t imagine having that much money, spending that much money and being in debt. For him, it makes sense; he’s buying now, building it up because he had confidence, he knows that the properties will be worth more.”
“For Donald Trump, he says, ‘I got some money but I want to really expand my empire, I want to take chances,’ ” Kilmeade said later. “That’s what he’s done through his entire life.”
“Fox & Friends” co-host Steve Doocy also noted that there’s no suggestion of Trump breaking the law.
“I think the suggestion is simply that he used the tax laws to his benefit,” he said.
Trump called The Times’s report a “highly inaccurate Fake News hit job” in Wednesday morning tweets. He defended his losses, saying that real estate developers in the 1980s and 1990s were entitled to “massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases.”