Trump just said part of the U.S. Constitution is 'phony' in long rant about Obama, George Washington (VIDEO)

President Donald Trump just gave a meeting with the press that is being described as "20 minutes of nonsense" by CNBC reporter John Harwood, who was unfortunate enough to have listened to it.

“That was a sad performance from the president just now,” Harwood said.

Trump's comments came shortly after a cabinet meeting where he defended his decision to abandon a key military ally in Syria. He also insisted that part of the U.S. Constitution was "phony." He's mad that he's come under pressure for wanting to hold next year's G7 meeting with foreign leaders at his Doral hotel.

Here is the full context of the comment:

"I don't know if you know it — George Washington, he ran his business simultaneously while he was president. There weren't too many rich presidents, but there were a few. They ran their business. Obama made a deal for a book? Is that running a business? I'm sure that he did not discuss it while he was president. He has a deal with Netflix? When did they start with that? That's only a couple examples. ... I don't think you people with this phony emoluments clause — and by the way, I would say that it's cost me anywhere from $2 billion to $5 billion to be president. And that's okay."

We have news for Trump: the emoluments clause is not "phony."

It prohibits federal officeholders from receiving any gift, payment, or other thing of value from a foreign state or its rulers, officers, or representatives.

But, that's not all, though. The Constitution also contains a "domestic emoluments clause" (Article II, Section 1, Paragraph 7) which prohibits the president from receiving any “Emolument” from the federal government or the states beyond “a Compensation” for his “Services” as chief executive.

Right now, there is a pending case with a federal appeals court in Virginia that will hear an emoluments case brought by the state of Maryland and the District of Columbia that alleges Trump has profited from the presidency.