Can you guess who I’m talking about? This morning our Moron-in-Chief sent out this tweet.Okay, first, a 409K is not a thing. What Trump presumably meant was a 401(k) plan, which is an employer-sponsored retirement account to which employees contribute a certain amount that employers match either fully or partially. Second, the plural of 401(k) is not “401K’s,” it’s “401(k)s.”
Third, only 44% of private sector workers participate in a defined contribution — 401(k) — plan. So a booming stock market has little to no impact on 56% of Americans. And if you’re very wealthy, yes, you’ve made a lot of money in the stock market this year, but the average balance across all age groups in 401(k) accounts was only around $103,700 as of last March.
Trump followed up his 409k tweet with another one linking the lowest cancer-death rate in history to his presidency.The American Cancer Society says that’s not true. Trump’s tweet appeared to be referring to the findings of an American Cancer Society report released on Wednesday, which said the rate of people dying from cancer in the United States declined in 2017 for the 26th year in a row. Trump took office in January 2017. The fact is, the cancer death rate has fallen continuously from 1991 through 2017.
Yet the Trump administration has proposed drastic cuts to science and medical research programs. Under the administration’s latest budget proposal, the National Cancer Institute would have been among the divisions to see the biggest slash in funding.
Trump is quick to take credit for good things that he had little or nothing to do with, while he shifts the blame to others, (e.g., Obama) for anything he thinks is bad.
We need to vote this man out of office later this year, because it looks like the Republican senators are going to stand by their man and let him off the hook, meaning he won’t be removed from office due to impeachment.