As Republicans scrambled to pass a tax giveaway to the wealthy in late 2017, Donald Trump developed a slogan: «How's your 401(k) doing?» Trump floated the inquiry at fundraisers, campaign rallies, and White House events. While less than half of private sector employees even had a 401(k) at the time, some of Trump's most fervent supporters adopted the mantra. As reporters scoured the earth for every last 2016 Trump voter to ask what they thought of the job he was doing, many of them responded like Pavlov's dogs: “My 401(k) has soared under Trump.” The truth is, President Obama's economy grew the stock market more than Trump's did even before the pandemic hit. But that's beside the point. Trump remained focused on the stock market throughout his tenure, and his cult followers were convinced their personal finances had improved by leaps and bounds. Read more