January 19, 2021
2,710
18
14
1.18%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
5:15Now PlayingDonald Trump departs Washington on Wednesday with Americans more politically divided and more likely to be out of work than when he arrived, while awaiting trial for his second impeachment -- an ignominious end to one of the most turbulent presidencies in American history.
Trump intends to leave in the morning for his Mar-a-Lago club in Palm Beach, Florida, arriving before President-elect Joe Biden is inaugurated. There, the ex-president will begin his post-presidency life attended at least temporarily by a handful of former White House staffers.
The last president who chose not to attend his successor’s inauguration was Andrew Johnson in 1869, another impeached leader. While Trump’s absence will break more than a century of precedent that has reinforced the peaceful transfer of power in the U.S., Biden has said it’s a “good thing” Trump won’t observe his swearing-in.
Biden will arrive in Washington on Tuesday, where Trump isn’t expected to give him a meeting, according to people familiar with the matter, even though the president-elect will stay at Blair House across the street. All of the nation’s other living ex-presidents except Jimmy Carter, who is 96, will join Biden at Arlington National Cemetery after the inauguration to lay a wreath at the Tomb of the Unknown Soldier.
The outgoing president has been transformed into a political pariah in Washington among all but his most loyal supporters in the wake of the deadly Jan. 6 insurrection at the U.S. Capitol, which was inspired by Trump’s refusal to accept defeat and recognize Biden’s victory in the November election.
Unemployment is more than a third higher than when he entered office. About 400,000 Americans are expected to be dead of Covid-19 by the time Trump leaves the White House on Wednesday.
Even with the damage inflicted by the pandemic, U.S. equity markets retained their swagger and posted solid returns during the Trump years. The Standard & Poor’s 500 Index rose 66% through Friday; the tech-heavy Nasdaq Composite Index climbed 135%.
Trump has left the door open for a second act in national politics, buoyed by the 74 million people who voted for his re-election despite his failure to contain the U.S. coronavirus outbreak.
Yet his popularity has fallen considerably since the election and the Capitol riot, however. Several polls have shown that as he leaves office, record low numbers of Americans -- less than 40%, according to an average by RealClearPolitics -- approve of his performance as president.
The final Gallup poll of Trump’s presidency, released Monday, found him with 34% support on Monday -- tied with Carter and George W. Bush, who left office with the country mired in the worst financial crisis since the Great Depression and Americans disillusioned with the Iraq War.
Trump’s attempts during his final weeks in office to tout his achievements, including his border wall and the withdrawal of U.S. troops from the Middle East, were drowned out by the fallout from the riot. The violent storming of the Capitol left five people dead and showed the danger of Trump’s weeks-long campaign to whip his supporters into a frenzy over the election outcome.
Three quarters of Americans, including more than half of Republicans, say Trump bears some responsibility for the attack, according to a Pew Research Center survey.
The Washington that Trump leaves behind now looks more like a military base than the seat of the world’s longest-standing democracy. Thousands of National Guard troops patrol the streets, while the Capitol, White House and large areas around them are fenced off to protect against another attack by Trump’s supporters.
And Trump can’t altogether escape the place himself. Rather than being fully unburdened from the pressures of the presidency upon leaving office, he’ll have to eventually defend himself in his historic second impeachment trial in the Senate over his incitement of the Capitol riot.
Barack Obama, by comparison, spent part of his first few weeks as a former president kite surfing in the Caribbean with British business mogul Richard Branson.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.