At a Monday afternoon press conference at the White House, Trump went so far as to say that “carpenters and policemen and farmers”—millions of ordinary Americans—are “the ones that benefit by having a good stock market, probably more than anybody else.”
Probably more than anyone else? That’s absurd on its face (only 55 percent of Americans report owning stocks, a number that correlates with higher household income, among other things.) But it’s even more disconnected from reality when you collect the receipts: This pandemic period has been a bonanza for billionaires, for whom Trump’s brutalist coronavirus denial and inaction have reaped untold rewards.
Marty Wulfe
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