Stock Market up 5 months in a row!
So said Donald J. Trump via Twitter today.
I share the president’s enthusiasm about the Dow Jones Industrial Average. It speaks to burgeoning investor confidence in the nation’s economy and, presumably, about the president’s vision for the future.
We actually have some skin in that game. Our retirement portfolio contains holdings in the stock market. So I happen to be as glad as the president about the Dow’s performance for much of 2017.
Didn’t the president campaign as a “populist”? Didn’t he tell us while winning the 2016 presidential campaign that he was for “the little guy”? He tried at times to sound more populist than, say, Democratic presidential candidate Bernie Sanders, the independent U.S. senator from Vermont and self-proclaimed “democratic socialist.”
A true-blue populist, by my definition of the term, should be skeptical, wary, even alarmed that the big ol’ rich guys are profiting so handsomely as their stock portfolios rocket skyward.
So, is the president a populist or is he a Populist in Name Only — a PINO?
My gut tells me I should go with the latter.