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Originally Posted by discostu
This is everything.
The Trump Administration can do a lot. It's possible to maintain the administration's own social distancing protocols while getting Americans working again by tackling a campaign promise regarding infrastructure projects.
The major hangup however is that economic success is viewed within the administration as a direct tie to the stock market, and that is a fallacy. The response all along has been to stop or limit the cratering of the stock market, and that affects such a small percentage of Americans.
Now, he's done a great job convincing people that the stock market's success is somehow indicative of the success of everyday Americans, so hats off to him...but it's really problematic when people begin to realize that they are left out of this "boom." He also previously touted record unemployment numbers, however the big picture is that many weren't making ends meet with those jobs.
He absolutely has the ability to dig the country out and better the country, but I think the only way he can do that is by moving away from the stock market as a focal point of economic success. And while I hope he does an FDR-styled approach to this, I don't see that happening.
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You've been beating this drum over and over and it's just not true.
This article is from Forbes and says the number of Americans without a retirement program is close to 25%. That means 75% of Americans do have retirement programs which are heavily influenced by the rise and fall of the stock market.
https://www.forbes.com/sites/niallmc.../#781fc7473ebf