ICYMI: President Trump Is “President for Main Street, Not Wall Street”

Whitehouse.gov ^ | April 9, 2025 | The Whitehouse

[SoConPubbie]

Last night, President Donald J. Trump made clear whose side he is on — everyday Americans, not the globalist politicians who have spent decades selling out American workers to foreign countries.

Here’s what you missed during President Trump’s speech:

• President Trump on his motivations: “I’m proud to be the president for the workers, not the outsourcers; the president who stands up for Main Street, not Wall Street; who protects the middle class, not the political class; and who defends America, not trade cheaters all over the globe.”

• President Trump on the America First agenda: “Our opponents are not afraid that our America First policies will fail, they’re terrified that our strategy will succeed and we’re going to get bigger and stronger and better … and that is what’s happening … We’re going to prove that all of their treasonous years of betrayal will not be forgotten.”

• President Trump on trade: “The shrill voices that you’re hearing this week about tariffs are the same scoundrels and frauds who never thought twice about when the United States lost 90,000 factories and plants … since NAFTA.”

• President Trump on deporting foreign terrorists: “Last month, we officially designated Tren de Aragua, MS-13 and the Mexican drug cartels as Foreign Terrorist Organizations. And thanks to the Supreme Court yesterday … We will continue to deport these monsters under the Alien Enemies Act.”

• President Trump on his second term: “I had somebody say the most successful first month in the history — now they say the most successful 100 days in the history of our country, and I believe that’s right, and we’re going to continue that way, if not more so.”

• Keith Siegel, an American held hostage by Hamas, delivered moving remarks: “I am here and I am alive. President Trump, you saved my life. You saved the life of 33 hostages because of your efforts.”

[P.O.E.]

bttt

[Nervous Tick]

I really need to make myself a “Hell YES I Voted For This!” lapel pin...

[millenial4freedom]

my support for him is unwavering, but I’m worried too many independents who swung to Trump in the election are harboring some degree of anger looking at their 401Ks...

[Magnum44]

I look at my 401k. I just make my 2025 IRA contributions for me and Ms Magnum ($16k total) based on the current low.

We are at about 20% down from a peak DOW record of 45,000. Buying today is like buying over a year ago. More shares for same price. If you look at all of market history, most corrections are not more than what we see today. I think the housing bust in 2008 was more, but that also was a buying opportunity. History says that within a year or so, the market will be at or headed up toward a new high.

Now is the time to buy, or make those conversions from non-Roth to Roth.

[millenial4freedom]

sound advice, I am doing the same as I am not retiring anytime soon and can tolerate day-to-day gyrations.

my father, who just retired 2 weeks ago, is a bit more concerned than I am...

[libertylover]

I know that Wall Street does matter, but Main Street is a lot more immediate to me. The price of groceries, the price of gas, and the price of eating out is what I most directly see.

I recently went out to lunch and had a hamburger, onion rings, and a Coke, and the bill was over $15 BEFORE tip!

[Magnum44]

Not that its my business, but if you can say, how much did he retire with?

I have been planning for this my whole life, with some expensive bumps along the way (nasty divorce). I kept my nose to the grind the whole time, saving and investing consistently at least 15% of my income. I never really knew how much I’d ultimately need since I never count on SS being there when I start to draw, probably about 4 years from now at 67. I will have a small military pension that just covers my mortgage, and I will have a similar size pension from my civilian job. But the majority of my retirement will be from my own 401k investing.

I recently asked a co-worker what was sufficient to retire and he said the magic number is generally about $3M in a 401K assuming no other income sources. That should easily cover current standard of living and get one through market dips.

Thats just an arbitrary bench mark. My 401K is not there (yet) but with the pensions and the fact that most of my 401K is now in Roth, I should do just fine. The tax benefits of being in Roth vs a taxable income source is more than you would think over a 30 year retirement, like in 7 digits. But to make it worth the conversions to Roth from non-Roth, you want to start before you actually retire.