“[Trump] has no judgment, but he understands the economy,” — Billionaire Leon Cooperman
As you stare into the abyss that your investment account has temporarily become, you may wonder to yourself, why is that oversaturated bronze fucker always staring right back at me?
Wasn’t the Economy the one thing that this dumbass president was supposed to be somewhat better at?
You wouldn’t be crazy for thinking that, but you would be a little misguided.
Trump has been getting hyped up as the Master of the Economy for years now.
You might not know of Cooperman from above, but he went viral back in the 2020 US election along with a cadre of billionaires that were happy to share their brilliant economic insights on Trump:
“I think I might find it harder to vote for Bernie than for Trump… At least Trump cares about the economy.” — Former Goldman Sachs CEO, Lloyd Blankfein
“I look at Bernie Sanders as a bigger threat [to the stock market] than the coronavirus.” — Leon Cooperman
These Wall Street billionaires weren’t popular at all back then, nor are they now, but their opinions still dominate a lot of mainstream narratives:
This isn’t just a Kamala thing either, as Trump has always polled well on the economy:
Is it something about his charisma? The way he walks and carries himself? The confidence conveyed by some overdone spray tan and fake hair?
Would Trump still poll well on the Economy if he looked like the picture on the right?
It’s hard to say why exactly people think he’s good on the economy, but using what looks like AI to calculate the highest average effective tariff rates in over a century likely won’t help him here.
In the wake of one of the worst two-day stretches in stock market history, it remains to be seen how long he can continue to emanate good vibes on the economy without actually doing any good economics. Especially in the midst of his crusade against trade, Canada, and… penguins?
At the end of the day, he’s an incredibly accomplished businessman… When has someone like that ever led us astray?
We get this lie perpetuated across all Western political systems that right-wing parties are better at balancing budgets and stimulating growth but it's not born out by any facts. They're desire for billionaire tax cuts invariably robs the treasury and leading to austerity, which then undermines our collective productivity.
This is a bit dated but you wouldn't guess which party runs the most balanced periodicity budgets from reading the news. https://www.progressive-economics.ca/2011/04/fiscal-record-of-canadian-political-parties/