President Donald Trump is thrilled with the stock market. Trump marvels at the sustained rise of equity prices in public appearances and tweets, marshaling it as evidence that “we’re doing tremendously well” and there’s “no WH chaos!” Yes, the story is more complicated than that, but this is a standard politician’s tack: Find something that’s going well, and hint oh-so-subtly that it’s going well because of you. Trump’s ballyhooing of stocks, while not objectionable, does track with an important, budding political development: the fading of his populism. “Populist,” admittedly, was always a strange label for a man who proudly uses a gold-plated commode ...

August 22 2017

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Stock-Market Populism

Theodore Kupfer

President Donald Trump is thrilled with the stock market. Trump marvels at the sustained rise of equity prices in public appearances and tweets, marshaling it as evidence that “we’re doing tremendously well” and there’s “no WH chaos!” Yes, the story is more complicated than that, but this is a standard politician’s tack:...

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