New Book Explores Trump's Financial Mismanagement

In their new book, 'Lucky Loser: How Donald Trump Squandered His Father's Fortune and Created the Illusion of Success', New York Times reporters Susanne Craig and Russ Buettner reveal how Donald Trump misrepresented his wealth and business acumen throughout his career. The authors detail how Trump inherited over $400 million from his father but failed to grow this fortune, declaring him a 'black hole' for money rather than a successful businessman. They document his six bankruptcies, the financial failures of his casinos, and how he profited from his presidency despite ethical violations. The book critiques Trump's self-made narrative, showcasing the significant losses his businesses endured, including over $1 billion from 1985 to 1994. As the election approaches, the narrative challenges voters to reconsider Trump's claims of success. Ultimately, the authors argue that Trump's appeal is built on illusion rather than reality, leaving a divided public to grapple with their perceptions of his character and capabilities.