First of all, an instructor pilot (Kerry would have to fly with a qualified instructor) would never, ever, never, ever allow a unlicensed, unrated in type, unqualified, uncertified, and DV to boot to handle the controls during take off or landing. Those are "critical phases of flight." Second of all, Kerry has more "I's" attached to that paragraph than Clinton's farewell address, as in:
"I, me, I, I, I am, I, I, me, I, I, I did, I..."
Kerry said the colonel then gave him permission to do "a little aerobatics" and that he made a loop at about 12,000 feet.
Third: in a high performance aircraft such as he alluded to, a loop takes anywhere from 10,000 to 12,000 feet to safely accomplish, and then there must be clearance to that inconvenient thing called "the ground." In fairness, he probably didn't recall the exact altitude there were flying at, but it only adds to his lack of credibility to get any facts correct.