In a speech on November 1 in Dade City, Florida, Democratic presidential nominee Hillary Clinton motivated voters to support her and to support Florida Sen. Marco Rubio’s Democratic challenger, Patrick Murphy. To connect with the voters, Clinton spent most of the speech talking about her opponent and challenging his qualifications and the things he has said.
One of Clinton’s claims was that “in 1987, Donald Trump took out an $100,000 ad in the New York Times to criticize President Reagan. He said, ‘Our leaders are the laughing stock of the world.’”
The ad is an open letter criticizing American foreign policy and says that “the world is laughing at America’s politicians.” The ad does not directly mention Reagan by name, but rather calls out all politicians.
While Clinton’s direct quote does not appear in Trump’s letter, and the price of the ad was slightly less than she said, The Observatory rates her claim as mostly true as the advertisement does exist and does criticize the country’s leaders.
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New York Times