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Trump says 'This is truly the golden age of America' in remarks

cultureJul 21, 2026191,142

President Donald Trump declared "This is truly the golden age of America" in recent public remarks. Critics point to reporting in The Bulwark that Trump personally earned $2.2 billion as president in 2025 and has treated the White House like a private palace, including outfitting parts of it with gold plating. The Bulwark says Trump, his family, and allies have used public office to extract payouts, payoffs, and pardons, and that a new pardon economy in Washington reportedly fast-tracks pardons for "$1 million and up." In November 2025 Trump pardoned crypto billionaire Changpeng Zhao after Zhao donated software to help the Trump family launch a cryptocurrency; Trump said he would "rather not have you ask the question" about appearances of corruption and asked, "Will we be No. 1 in crypto?" The Bulwark argues the presidency has become a lucrative grift but notes legal remedies exist: disgorgement laws and civil asset forfeiture can follow and recover ill-gotten gains, operate outside presidential pardon power, and could be used to claw back proceeds distributed to third parties. The piece urges applying those tools to recover public funds rather than rely on pardons or criminal prosecutions alone.

Steve Rattner
@steverattner.bsky.social

Trump claimed his tariffs would bring about a golden age of American manufacturing. Yet since his re-election, we've lost 75,000 manufacturing jobs. Over the same time period, Biden had created 625,000.

29946d ago
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