Donald Trump was not at all empathetic with the financial plight of the typical American when he defended profiting some $2.2 billion during the first year of his second term of office.
In fact, he was downright arrogant about it all when asked if he might be using his presidency to enrich himself. “You know why I’m profiting, because the stock market’s going up, everybody’s profiting,” he told reporters at Joint Base Andrews on July 1.
He then addressed one reporter, saying, “Do you have a 401(k)? How much did you make?” Then, apparently not waiting for an answer, he quipped in the mocking voice that has become his trademark, “Thank you, President Trump.
But let’s fact-check that claim that the increases in 401(k) retirement plan balances” HAVE MADE AMERICANS WEALTHIER.
While the super-wealthy have realized substantial wealth gains, many working-class families are facing declining household budgets as prices of just about everything have increased while wages have remained stagnant. We have most assuredly NOT profited.
Nearly a million Americans lost nearly $3.8 billion cumulatively on Trump’s cryptocurrency and memecoin ventures—all while he has pulled in millions in fees for processing investments by ordinary, trusting, loyalists—as the bottom dropped out by some 97 percent from their peaks. (Of that $2.2 billion in earnings for Trump, $1.1 billion came from his crypto businesses even as his investors were taking a bath.)
THE GUARDIAN quoted one person who would seem to represent the consensus thinking of typical Americans: “I’m one of the lucky ones, and I’m still counting pennies while my president is earning billions while stomping on the backs of Americans.”
Another was even more blunt, calling Trump’s grifting “blatant corruption.”
A third found the contrast between Trump’s extreme wealth and the difficulty many Americans are experiencing in affording things like healthcare “obscene.”
“It is an embarrassment that our system allows such corruption and wealth to be exploited by the top 1%, upon the backs of children who are not receiving proper education and healthcare,” said the man, a retired pediatrician.
And while tye typical MAGHAT will refuse to acknowledge it, he and the rest of working America are most certainly NOT better off than they were before the Rapepublicans took control of the White House, the Senate, the House and the Supreme Court, the fact is, Americans as a society, are far worse off than ever before.
But fear not. As one dedicated and loyal MAGHAT confidently observed when she was confronted with facts about rapist/grifter/autocrat/liar Trump’s utter failure to deliver on any of his grandiose promises:
- Russia/Ukraine war solved within 24 hours;
- Release of the Epstein files;
- No wars;
- Deliverance of a better economy;
- Deportation of only illegal immigrant;
- Eradicate government waste (see ballroom, Reflecting pool, arch, etc.);
- Better healthcare;
- $2,000 stimulus checks;
- Work non-stop (see naps, golf outings)
The response from that true-blue MAGHAT: “He has a plan.”
It would certainly be nice if he’d let the rest of us in on that wonderful plan.




