{"id":41434,"date":"2019-05-08T11:54:23","date_gmt":"2019-05-08T18:54:23","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=41434"},"modified":"2019-05-08T12:13:12","modified_gmt":"2019-05-08T19:13:12","slug":"fox-news-pitifully-spins-trumps-billion-dollar-losses-as-impressive-no-really","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=41434","title":{"rendered":"Fox News Pitifully Spins Trump’s Billion Dollar Losses as ‘Impressive’ – No, Really!"},"content":{"rendered":"

Most of the time watching Fox News is a chore that is fraught with frustration due to their brazen and shameless dissemination of lies and unrelenting Trump-fluffing. The network was always a right-wing purveyor of propaganda aimed at advancing a conservative agenda and maligning liberals and Democrats. But in the Era of Trump Fox has devolved<\/a><\/strong> into something more akin to Alex Jones conspiracy theorizing and even challenges The Onion for pure, lunatic satire.<\/p>\n

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Wednesday morning Trump’s favorite Fox program, Fox and Friends, demonstrated why they have earned the ridicule of intelligent news consumers everywhere. They did a segment on the breaking news from the New York Times that Trump had suffered massive financial losses<\/a><\/strong> in the 1980s and 1990s. The story documented losses that totalled over a billion dollars. This is consistent with many of the stories that detail Trump’s business incompetence that includes going bankrupt at least six times, even with casinos.<\/p>\n

In response to the story in the Times, the “Curvy Couch”<\/em> potatoes stiffened their spines to construct a defense that is so ludicrous it’s hard to believe they allowed it to get on the air (video below)<\/em>. Co-host Brian Kilmeade led off with a series of inane excuses for Trump’s failures. He tried to set the stage with dumbfuckery like this: “[Trump] lost a lot of money over the course of 10 years, if you consider a billion dollars a lot of money.”<\/em> And he insisted that there was “nothing about this article that should surprise anybody.”<\/em> Which is true if you’re aware of Trump’s past fiscal fiascos. But then he unleashed this explanation for why Trump’s losses were so spectacular::<\/p>\n

“There might be an incentive to go buy that building, to buy that casino, because I’ll take a loss this year in order that on my tax returns because I wanna buy for a rainy day. […] For me, I can’t imagine having that much much money, spending that much money and being in debt. For him it makes sense.”<\/strong><\/p><\/blockquote>\n

Of course. It makes perfect sense. That’s what all billionaires do. They buy so many failing properties that they lose their entire fortunes. And because U.S. institutions won’t have anything to do with them, they are forced to turn to foreign banks and Russian mobsters<\/a><\/strong> to be rescued. Just ask Warren Buffett, Bill Gates, the Walton family, or – – – oh wait. Never mind. They never did any of that, or lost those sums of money. But Kilmeade wasn’t through. He then offered some examples of Trump’s business prowess:<\/p>\n

“In 1987 he spent $29 million on a yacht. The market crashed the next day. So no problem. He held on to it. He bought a shuttle operation. It didn’t do too well. But he held onto it.”<\/strong><\/p><\/blockquote>\n

Sure. No problem. Except that Trump had to beg for help<\/a><\/strong> from Saudi Prince Alwaleed Bin Talal to take that yacht off his hands after creditors initiated default proceedings. He didn’t hold on to it, contrary to Kilmeade’s deliberate lie. Alwaleed also bought Trump out of the Plaza Hotel in Manhattan as it was falling into bankruptcy under Trump. And he didn’t hold onto that shuttle operation either. It folded and was sold off at a steep loss.<\/p>\n

This is the sort of flagrant dishonesty that Fox News employs to keep their viewers stupid and devoted to the Trump Cult. Co-host Ainsley Earhardt summed it up for the segment by confidently asserting that:<\/p>\n

“If anything, you read this and you’re like ‘Wow, it’s pretty impressive, all the things that he’s done in his life.’ It’s beyond what most of us could ever achieve.”<\/strong><\/p><\/blockquote>\n

Well, that’s true. Most of us will never become lawless, self-absorbed, grifters who live to rip off everyone they come into contact with, and then lie about everything they claim to have accomplished. But only Fox News can twist the reality of Trump’s total lack of ethics and business acumen as “impressive.”<\/em> And only Fox News viewers are willfully blind enough<\/a><\/strong> to accept it as the truth.<\/p>\n

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How Fox News Deceives and Controls Their Flock:
\nFox Nation vs. Reality: The Fox News Cult of Ignorance.<\/a>
\nAvailable now at Amazon.<\/strong><\/p>\n<\/blockquote>\n

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Brian Kilmeade attempts to explain why Trump losing a billion dollars proves he's good at business: "He's a bold businessman, which is chronicled here. … I can't imagine having that much money, spending that much money, and being in debt. For him, it makes sense." pic.twitter.com\/vn4U2rgI5G<\/a><\/p>\n

— Bobby Lewis (@revrrlewis) May 8, 2019<\/a><\/p><\/blockquote>\n