# The Trump Administration: A Clusterfuck in the Making Part Deux (Part 1)

**URL:** <https://boards.straightdope.com/t/the-trump-administration-a-clusterfuck-in-the-making-part-deux-part-1/911083>\
**Category:** The BBQ Pit\
**Created:** [June 22, 2020, 3:36am UTC](https://boards.straightdope.com/t/the-trump-administration-a-clusterfuck-in-the-making-part-deux-part-1/911083 "2020-06-22T03:36:45Z")\
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**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\
**Post date:** [June 27, 2020, 6:54pm UTC](https://boards.straightdope.com/t/the-trump-administration-a-clusterfuck-in-the-making-part-deux-part-1/911083/282 "2020-06-27T18:54:31Z")

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No problem.

It’s the Federal Reserve’s Z1 report, Section B1, line 1 [Derivation of US Net Wealth](https://www.federalreserve.gov/releases/z1/20200611/html/b1.htm)

[![Google Photos](https://lh3.googleusercontent.com/0jsDsojuLxKgCLEbpQ1QOwwrNjN95mT0LVqAqh2CvqDrJuLrgAtEmhCoAai2JxnH1ti0QjjXQx7ADsk6K43jnqHzC60QYgd2Z9qK5PXElr2md13pEp9tNruLqW5AMdIc6mYPKK-i1g=w600-h315-p-k "New item by John Thornton") ](https://photos.app.goo.gl/oTzHdWJSvTaWHdkX7)

The above chart is not adjusted for inflation, but you can see in nominal dollars the country is poorer now than it was at the end of Obama’s reign of terror.

$10 trillion of wealth evaporated between the end of 2019 Q4 and 2020 Q1. That may be a record.

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