Jimmy Kimmel mocked “Fox & Friends” Wednesday night by saying that the show’s attempt to run cover for Donald Trump after the New York Times reported on his business losses during the 1980s and 1990s was vomit inducing.
“The president’s Fox friends did what they could to put a smiley face on the fact that their artist of the deal lost more than a billion dollars in 10 years. I’ll warn you in advance, you’re about to see someone spin so hard it could very well make you throw up,” the ABC late-night host said.
“Jimmy Kimmel Live” then pivoted to a clip of “Fox & Friends” from Wednesday morning, where the hosts were attempting to put a positive spin on the story.
“It is an interesting look though at how New York City real estate developers work in the 80s and 90s,” co-host Steve Doocy said.
“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,” co-host Ainsley Earhardt added.
When re-aired, the line provoked laugher from Kimmel’s audience.
“She almost couldn’t say that word,” the host continued. “She is right about one thing, though. It is impressive. There is a word for someone who could lose hundreds of millions of dollars year after year after year.”
The show then played a clip of Trump saying the word “losers,” which provoked more laughter.
Kimmel was one of several late-night hosts to take shots at Trump after the New York Times obtained 10 years of Trump tax documents from 1985 to 1994. The paper found that Trump reported more than a billion dollars in losses.
“The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade,” wrote reporters Russ Buettner and Susanne Craig.”In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer.”
Trump’s financial distress during much of that period had been no secret. He spoke about it in a promo for “The Apprentice” and even penned a book length explanation in his “Art of the Comeback,” published in 1997.
On Twitter, Trump himself responded to the story calling it “fake news,” but also explaining in some detail how it went down back then.
“Real estate developers in the 1980’s & 1990’s, more than 30 years ago, were entitled to massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases. Much was non monetary. Sometimes considered ‘tax shelter,'” he said. “You would get it by building, or even buying. You always wanted to show losses for tax purposes….almost all real estate developers did – and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!”