November 25, 2020 ☼ trump ☼ legacy
Source: The Washington Post - Link
As covid-19 hospitalizations hit another new high on Tuesday, President Trump called a news conference to boast about a different record: the stock market.
The Dow Jones Industrial Average, he crowed, had just pierced 30,000. “That’s a sacred number, 30,000,” he said.
It was a bizarre statement even for Trump. After all, Trump has argued for years that any stock market gains that occur after a presidential election should be credited to the new president-elect, not the guy on his way out the door. In reality, neither presidents nor presidents-elect control stock markets, of course; but even if Trump did unilaterally control equity prices, and even if he had done so for the entire duration of his presidency, his record would still pale in comparison with his predecessor’s.
The man has very little to show for his four years of mismanagement.