This article examines one of the earliest novels of the Trump era, Salman Rushdie's The Golden House (2017), as part of a literary corpus that felt compelled to respond to the derealization of political culture by producing fictions commensurate to the new “American reality.” Spanning the years from the first inauguration of Obama to the election of Trump, the novel depicts a nation that has “left reality behind and entered the comic-book universe,” a turn to fantasy that precedes the final irruption of a wealthy vulgarian who calls himself the Joker, and who subverts any previous sense of identity and of what is “real.” Drawing from the notion of national fantasy as argued by Lauren Berlant (1991), Jacqueline Rose (1996), and Donald Pease (2009), the article suggests that Rushdie's novel performs and invites a rare self-examination in the context of early literary responses to the rise of Trumpism.