Donald Trump, Winning Already
Author: Greg Valliere
November 27, 2024
THERE’S STILL NEARLY TWO MONTHS until Donald Trump’s inauguration, but he already is dominating the political narrative in this town, consolidating political power at an astonishing pace.
THE DEMOCRATS, demoralized and without any clear strategy, are stunned. The business community has no choice but to climb onto the bandwagon. And conservative activists are clearly ascendant.
THE TRACK RECORD since Nov. 5 is remarkable, even though Trump did not quite win a majority of the popular vote. What a list of accomplishments in just three weeks:
U.S. TRADING PARTNERS spent much of yesterday working on possible concessions. Canadian Prime Minister Justin Trudeau immediately picked up the phone and had a long discussion with Trump about how to avoid a trade war.
MEANWHILE, China and Mexico scrambled to assure Trump that they would curb fentanyl shipments to the U.S. and crack down on illegal immigration. Trump will take credit.
THERE’S BEEN MUCH MORE: The likely new Treasury Secretary, Scott Bessent, has pledged to enact more tax cuts. In agency after agency, there’s a strong commitment to slash spending. And there’s a cease fire in Lebanon — just a coincidence?
THE HONEYMOON PHASE won’t last forever — when does Trump have a blow-up with Elon Musk? — but Washington wants to climb aboard this train. And everyone seemingly wants to ride the stock market higher.
TRUMP HAS PLENTY OF FLAWS and a very inexperienced Cabinet, but hey — it’s the day before Thanksgiving. We’ll worry later about Iran and the U.S. budget deficit — Washington loves a good party, and as this long holiday weekend begins, Trump is the master of ceremonies.
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HAPPY THANKSGIVING: We wish you and your families a joyous holiday — and we thank you for your generous support. Back on Monday morning . . .
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