Donald Trump: I’m Great With Money
on Monday, November 6, 2017Donald Trump Money Quote saying on AF1 en route to Tokyo that believes he has affected the stock market positively – but must be prepared to also take blame when there are declines. Donald Trump said:
“The reason our stock market is so successful is because of me. I’ve always been great with money” — Donald Trump November 5, 2017
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In this quote, Donald Trump takes credit for the stock market’s success and touts his business acumen. However, a balanced interpretation would be:
- The President has some influence but the market is complex, influenced by global economic factors largely outside any single person’s control.
- Equating the short-term situation with one person overlooks the roles of monetary/fiscal policy, consumer/business sentiment, and other systemic forces.
- “Great with money” is subjective and his casinos/other ventures also experienced bankruptcy; overall business record is mixed like any.
- His self-congratulatory tone could be seen as overstating his impact or lacking humility about limitations of his influence.
Overall, while Trump aims to portray the situation positively and take credit, an even-handed view recognizes both his perspective and that markets typically perform due to various interrelated factors, not any single actor, and reasonable people can disagree on how much impact is attributable to the President versus other dynamics. A balanced interpretation considers multiple reasonable positions.