President Donald Trump suffered an embarrassing loss in the midterm elections.
But the egocentric billionaire still has former President Barack Obama on his mind after those defeats.
Trump, 80, watched MAGA Republicans get demolished across the nation. Obama, 65, saw his Democratic Party take control of the U.S. House and Senate as well as key governorships.
The sitting president gave his first sit-down interview since the electoral rout with “60 Minutes.”
CBS News correspondent Ross Douthat questioned the commander in chief about various topics.
In particular, Trump was asked about foreign entities investing in a private company run by the GOP leader’s son. Voters cited corruption as a top issue behind the so-called blue tsunami at the ballot box.
“Look, every president has a problem,” Trump insisted before going into a long diatribe about his staff, the media, George Washington, Wall Street and cryptocurrency.
Around two minutes later, Trump turned his attention to Obama by pushing a demonstrably false narrative about his White House predecessor.
“Look at Obama. Obama got from Netflix… How much did Obama get? Obama got $100 million to make a movie,” Trump claimed.
Douthat informed him, “Obama did that after his presidency.”
The current president jumped back in to wrongly declare, “No, he didn’t. He made the deal during his presidency.”
Trump’s falsehoods continued when he also said, “Obama got $100 million from Netflix during his presidency. And he made a movie afterward, and the movie made about three cents.”
Factcheck.org called Trump’s assertions “false.” Obama and his wife, former First Lady Michelle Obama, signed a multi-year deal with Netflix in 2018.
The couple’s Higher Ground Productions inked the contract with the streaming giant a year after Obama left the White House. He served from 2009 to 2017. The financial terms of the deal were not publicly disclosed.
Meanwhile, Trump has increased his estimated net worth by roughly $2.7 billion since winning the 2024 presidential election, according to Forbes.
His growing fortune has been fueled by cryptocurrency ventures, including meme coins, international real estate deals and licensing agreements.
First Lady Melania Trump also secured a lucrative entertainment deal ahead of her husband’s second inauguration.
In January 2025, Amazon reportedly agreed to pay $40 million to license a documentary about the former model and a related project.
Trump faced an avalanche of criticism. His attempt to tie his own questionable business connections while in office to Obama’s post-White House move into the entertainment business stirred controversy.
“When someone uses a whataboutism, they are admitting that they are guilty and are just trying to deflect,” suggested an Instagram user.
Another poster on the app wrote, “We are all exhausted from all this grift and corruption, hence the midterm blue trouncing! Read the room, Republicans.”
“What? He lied? What a surprise,” read one sarcastic comment. A second jokester predicted, “In the future, ‘Trumping’ is going to be slang for lying.”
Several people zeroed in on Trump constantly talking about Obama. Many observers believe that obsession stems from Obama making fun of Trump at the White House Correspondents’ Association Dinner in 2011.
“Talk about a guy living rent-free in his head,” joked a commenter about Trump’s one-sided fixation on Obama. Likewise, someone proclaimed, “He is so infatuated with Obama.”
The Obamas’ Higher Ground Productions has been behind several Netflix feature films, including “Fatherhood” and “Worth” in 2021, followed by “Rustin” and “Leave the World Behind” in 2023.
Their documentary film credits on Netflix include the Oscar-winning “American Factory” (2019), “Becoming” (2020), “American Symphony” (2023) and “Air Force Elite: Thunderbirds” (2025).
“We hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world,” Obama stated in a May 2018-dated press release from Netflix.
Michelle, 62, added, “Barack and I have always believed in the power of storytelling to inspire us, to make us think differently about the world around us, and to help us open our minds and hearts to others.”
