President Trump upped the ante beyond financial stability and growth to include marital bliss as a reason he deserves another term.
Speaking at a rally in Lexington, Kentucky on Monday night, Trump made direct ties to family harmony and his economic policies, invoking (as he frequently does), the 401k as an everyday proxy to better connect with working people.
“Think of this—in the history of our country, it’s never done better,” he said to cheers from the audience. “And by the way, that’s not rich, that’s not poor, that’s for everybody. Your 401ks, how you doing? Pretty good right, pretty good.
“People tell me that their wives, their husbands all of a sudden they’ve been running the 401ks for years and they totally lost respect for, let’s say the husband, totally lost respect—now they think he’s a financial genius because he’s up 74 percent. She says: ‘Darling I love you; you are the most incredible, brilliant financial mind.’”
Democrat-induced depression
Targeting his Democrat opponents and the damage he alleges they’ll do, he added:
“And you know what, if the Democrats get in that’s not going down by 50 percent, that’s going down to nothing, it’s going to be worthless, it’s going to be worthless. You’ll have a depression the likes of which you’ve never seen. Mark my words. But hopefully, we don’t have to even think about it.”
President Trump has hit upon similar themes recently, telling an audience in New Hampshire in August that they have no choice but to vote for him.
“If for some reason I wouldn’t have won the [2016] election, these markets would have crashed. That’ll happen even more so in 2020,” Trump told the Granite State faithful. “See, the bottom line is… You have no choice but to vote for me because your 401k, everything is going to be down the tubes. So, whether you love me or hate me, you’ve got to vote for me.”
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
