NYTimes claims businessman Donald Trump is a failure. They are wrong.

The NYTimes (NYT) showed a lack of understanding of basic economic and business principles, in the article “How China Tariffs Could Make Your Sweaters and Pants Cost More” the writer’s lack of knowledge resulted in conclusions that are simply not incorrect. President Trump would call this fake news. The NYTimes did the same thing on May 8 with the story, “Decade in the red: Trump Tax figures show over a $1 billion losses.”

Again, the writers exhibiting a lack of knowledge of basic accounting principles.

In the May 8 piece, the NYTimes did obtain a copy of Trump’s tax information for 1985 to 1994. Those tax documents showed losses totaling over $1 billion. The NYTimes claimed that those losses show Trump was a poor businessperson:

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

The NYTimes fails, however, to note that Trump did build an extensive collection of high income producing properties worldwide…