In typical Trump fashion, he’s exaggerating the numbers.
Trump blamed legal fees for the decline. But that’s not why the presidency is costing him. It’s true that he has faced a handful of lawsuits and investigations into his financial dealings, which have no doubt run up hefty legal bills. However lawyer’s fees are in the range of a few million dollars—not billions. Instead, it’s Trump mixture of divisive politics and a business built his own persona that have proved to be a net loser for him so far.
That’s led to big losses in key areas. Trump National Doral, the president’s largest golf property, has historically drawn much of its clientele from parts of the country where Trump is unpopular. The resort has seensince Trump went into politics. The Trump Organization’s traditional wheelhouse of luxury rental residential real estate is suffering too, since much of it sits in blue cities like New York and Chicago. And the president’s brand licensing businesses have basically flatlined.
“This thing is costing me a fortune,” Trump said on Tuesday. Fair enough, but in typical Trump fashion, he’s exaggerating the numbers.
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