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Politics

VERBATIM: 'What kind of 'genius' loses $1B in a year?'

Opening sequence

Opening sequence

Politics

VERBATIM: 'What kind of 'genius' loses $1B in a year?'

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COMING UP:VERBATIM: 'What kind of 'genius' loses $1B in a year?'

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Transcript

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00:00:06
Now a lot of us were wondering, what is he hiding? It must be really terrible. Well, the New York Times has discovered at least part of the answer. Back in the 1990s, Trump apparently lost a billion dollars in a single year. But as a result, it doesn't look like he paid a dime of federal income tax for almost two decades.
00:00:31
The whole story tells us everything we need to know about how Trump does business. After he made all those bad bets and lost all that money, he didn't lift a finger. Yesterday his campaign was bragging, it makes him a genius. Here's my question, what kind of genius loses a billion dollars in a single year?
00:00:55
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APPLAUSE
>> This is Trump to a T. He's taken corporate excess and made a business model out of it. He abuses his power, games the system, puts his own interest ahead of the country's. It's Trump first and everyone else last.