As stock slumps drain America’s 401(k)s, Trump props up his billionaire sidekick
By , CNN
As Wall Street reeled for a second straight day on Tuesday, President Donald Trump chose not to appear with worried working people but to prop up the share prices and wealth of the world’s richest man – Elon Musk – with a bizarre sales pitch for Tesla on the White House South Lawn.
The optics of Trump responding on camera in this way to a stock exchange rout that has wiped billions from Americans’ retirement accounts amid anxiety over his trade wars and erratic leadership were striking. That was especially the case given public anxiety caused by sell-offs that have sent the S&P 500 down nearly 10% from its highs and Trump’s yet to be fulfilled vows as a candidate to quickly cut the prices of groceries.
