Analysis: The legend of Donald Trump’s rich cop
President Trump greets police officers after addressing the 38th annual National Peace Officers' Memorial Service on Capitol Hill in Washington on May 15, 2019. By Philip Bump Philip Bump National correspondent focused largely on the numbers behind politics Email Bio Follow May 21 at 4:09 PM Listen to any politician over the course of his career, and you’ll eventually become familiar with certain components of his patter.
Nine months ago, Trump told a story about an unnamed NYPD cop who thanked him for a "39%" increase in his 401, which made the cop's wife think the cop was a "genius" investor.— Daniel Dale September 5, 2018 On Tuesday, Dale revisited the idea: The police officer, now described as a “big, strong guy," told Trump that his 401 retirement plan had increased by 47 percent under Trump’s watch.
“I love to say hello to our folks in uniform whether it’s the military, whether it’s law enforcement. And we had people backstage and I always want to take my time. And a man comes up. He was a police officer in New York City. The first time anyone said this to me. He said, Mr. President, I want to thank you. My family thinks I’m a financial genius. My 401 is up 39 percent in nine months.”
Notice how using the general, unnamed individual he can inflate the number significantly. Suddenly, anonymous people are seeing value that’s 67 percent higher. Wow!We took the 16 mentions Trump has made and graphed them, using the highest value mentioned by Trump as part of his patter. The result looks like this.“This big, strong guy comes to me,” Trump said earlier this month in Florida, “I was in New York, and he said, ‘Sir, thank you. My 401...,’ and that was a year ago.
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