THE TRUMP ASCENDANCY
Many think of Donald Trump as a politically-bereft blowhard; nevertheless, he’s showing considerable smarts so far with his appointments, and that’s where the power lies. The future looks good.
He’s picked several aides with political and international knowledge and shows signs of more of the same with people like John Bolton and David Petraeus (both with considerable international savvy) in the wings. Already there are Secretary of Transportation Elaine Chao, Secretary of Education Betsy DeVos, HHS Secretary Tom Price, Wilbur Ross (Chairman of the Budget Committee), Secretary of Defense (Gen.) James Mattis, and Secretary of the Treasury Steven Mnuchin all with considerable experience—some of it bi-partisan—in their respective fields and government as well. These people all bode well for a successful Trump administration. Anybody as Secretary of State other than the last two we’ve had will be a major improvement, and having Trump for a boss won’t hurt—that’s what he does better than most despite howls to the contrary. We’re headed for better times. The markets already reflect this fact.
And so does the whole political spectrum. The proper people are enthusiastic, and the others sufficiently perturbed, to suggest an improvement in national stature.
Draining the swamp is a large problem, as is infrastructure and foreign policy generally. These will require patience and time to shake themselves out. Keeping businesses in the US will require give-and-take. Nevertheless, the future looks encouraging.
All-in-all, things look good, in contrast with all the negative talk from the media. Time will tell, but there’s considerable hope for even the immediate future.
It most certainly could have been much worse…