Hard to believe, but it seems Donald Trump was an even worse businessman than we thought.

Thanks to Times reporters Russ Buettner and Susanne Craig, we’ve learned that Trump’s old tax records show that during his “Art of the Deal” era, he was pretty much the national champion for financial underachievers. In 1990 and 1991 he had losses of over $250 million a year — “more than double those of the nearest taxpayers in the I.R.S. information for those years.”

Well, you can’t deny he was a record-breaker.

Trump likes to portray his old financial troubles as a temporary product of a recession. But even back then it was pretty apparent that he wasn’t really, truly all that great at deal-making. At the time, I called him a “financially embattled thousandaire” and he took great offense.

Try that yourselves, people. See how often you can refer to our president as “our world-famous thousandaire.” He seems to have more money now, but it’ll still drive him crazy.

Trump would like us to believe all that red ink was actually a canny business strategy. “You always wanted to show losses for tax purposes,” he tweeted after the Times report, adding that “it was sport.”