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FT: Trump Governing Like a 'Traditional Republican'

FT: Trump Governing Like a 'Traditional Republican'
Americanspirit | Dreamstime.com

By    |   Wednesday, 03 May 2017 10:24 AM

Despite all the controversy and volatility in his first 100 days, President Donald Trump is governing like a “traditional Republican,” the London Financial Times reported.

“Albeit chaotically, he is governing more as an orthodox post-Reagan Republican than most expected,” wrote Martin Wolf, chief economics commentator at the Times.

“This now seems true in all the main policy areas, both domestic and international. It is clearly true in economic policy,” he wrote.

“Trump’s policies look ever more like Reagan’s,” he said.

Wolf does have doubts about details and ramifications of Trump's plans so far.

"Trump won the nomination by promising to be a different sort of Republican. He is not," Wolf said.

"Post-Reagan Republicans reached out to the base by campaigning on cultural issues, while legislating for the upper 1 percent. That is 'pluto-populism.' Trump added infrastructure spending, trade protectionism and support for Medicare and social security. But he too plans to deliver for the top 1 percent," Wolf wrote.

"Pluto-populism is highly politically effective. But it works by making the base ever angrier and more desperate. That is playing with political fire. The republic may survive Mr Trump. But what comes after?"

For his part, veteran financial guru and former Ronald Reagan adviser Larry Kudlow is urging any impatient investors to just give Trump a chance to fully enact his strategies to reform healthcare, spark economic growth and redesign the tax system.

After all, Trump has been in office a relatively short time and has inherited a mountain of problems from the past two decades. “He's trying to fix a lot of problems that have gone unfixed in the last 20 years,” Kudlow explained to CNBC.

Meanwhile, many other respected economic voices are predicting robust growth and additional stock-market gains amid Trump's blueprint to truly "Make America Great Again."

David Horowitz, author of the best-selling book "Big Agenda: President Trump's Plan to Save America," told Newsmax TV that the market rally since Republican Donald Trump won the election has more room for gains as the president pushes his pro-business agenda.

“There's more upside. Starting from when he was president-elect he started this stock market boom,” he told Newsmax TV's “The Income Generation Show.”

“There will be corrections. There are going to be setbacks along the way like the healthcare which they hurried too fast. If you're looking over the long term of this administration I think the stock market is going to love Trump,” Horowitz said.

(Newsmax wires services contributed to this report).

© 2019 Newsmax Finance. All rights reserved.

   
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Despite all the controversy and volatility in his first 100 days, President Donald Trump is governing like a "traditional Republican," the London Financial Times reported.
Trump, Governing, Traditional, Republican
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2017-24-03
Wednesday, 03 May 2017 10:24 AM
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