Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Once again, America needs to deal with Donald Trump

by
November 7, 2024
in Top News
0
Once again, America needs to deal with Donald Trump
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

DONALD TRUMP wasn’t my choice for president. In fact, I urged Americans to vote for Kamala Harris. But he won fair and square. So let’s get on with it.

Republicans had an exceptionally good night, taking the Senate and likely holding their narrow majority in the House, but their paper-thin majority should not be mistaken for a mandate. The challenges facing the country can only be tackled effectively with bipartisan compromise.

One irony of the outcome is that, on almost every issue that voters identified as a priority, Trump’s proposals would likely make matters worse. The goal for Congress over the next four years should be persuading the president to avoid these bad ideas and offering him better alternatives. Trump himself should recognize that what plays in a campaign is often far different than what works in government.

Take inflation, a top concern for most voters. Trump’s plans for comprehensive tariffs, regressive tax cuts, a devalued dollar, and a newly politicized Federal Reserve seem tailor-made to push prices up, just when the Fed has largely succeeded in getting them under control. Enacting any element of this agenda would be irresponsible, not least because it would worsen the country’s spiraling fiscal problems, to the tune of perhaps $15 trillion in additional debt over a decade.

Lawmakers, including Republicans, should have every interest in averting this course. They could assert Congress’ rightful power to refuse his across-the-board tariffs, for instance, while offering the president more targeted ones focused on national security and market access. A prudent revision of the expiring 2017 tax cuts — one that pairs a higher corporate tax rate with more generous expensing rules, say — might also be feasible. Forming a fiscal commission would be a good way to get on with the hard choices needed to forestall a looming budget crisis.

On immigration, too, Trump’s proposals are hugely misguided. It’s true that the current administration has made a hash of things at the border. But the mass-deportation effort Trump has theorized would be (in addition to cruel) prohibitively costly, while also impeding economic growth and doing little to fix the underlying problem. Legislators should instead revive a bipartisan reform effort, focused on popular policies such as easing the path to citizenship for foreign graduates of US colleges combined with more restrictive enforcement measures. They should also push Trump to focus on the quasi-effective policies from his last term, such as the Migrant Protection Protocols, and avoid needlessly inflammatory rhetoric.

A final priority must be to thwart the corruption that marred Trump’s first term. The president is entitled to his own agenda, but not to his own rules. (The recent Supreme Court ruling granting presidents sweeping immunity could be interpreted to give Trump enormous latitude, but it may be tested in the courts.) Public servants should do their duty while availing themselves of whistleblower protections if asked to engage in misconduct. Reporters and watchdog groups should be on the lookout for Trump’s reflexive financial malfeasance. Congress should pass levelheaded laws that respond to the legitimate concerns of Trump’s voters, while also opposing him as needed, as Mitch McConnell, the departing Republican Senate leader, did during Trump’s first term. Republicans must not allow the president to obliterate norms of American democracy.

Democrats, for their part, might ask themselves how exactly they lost to Trump, an ailing 78-year-old who much of the country despises. It probably wasn’t great to cover up President Joe Biden’s infirmities until they became undeniable on live TV. It wasn’t ideal that party elders replaced him with Harris, a nominee who had received no electoral votes and had failed decisively in a previous presidential run.

But for now, the country will simply need to deal with Trump, and begin to restrain his worst excesses, one more time.

Dealing with a reckless president is an exhausting job, but it can and must be done – and it’s a job for members of both parties.

BLOOMBERG OPINION

ShareTweetPin

Related Posts

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026
Top News

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026

June 11, 2026
FTSE 100 edges higher as investors balance financial recovery and AI risks
Top News

FTSE 100 edges higher as investors balance financial recovery and AI risks

June 11, 2026
SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares
Top News

SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

June 11, 2026
Dow futures surge 370 points: 5 things to know before market opens
Top News

Dow futures surge 370 points: 5 things to know before market opens

June 11, 2026
Why Claude Mythos Preview is a wake-up call for Wall Street
Top News

Why Claude Mythos Preview is a wake-up call for Wall Street

June 11, 2026
SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63
Top News

SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63

June 11, 2026
Next Post
Monde Nissin income down 13.8% on foreign exchange loss, restructuring costs

Monde Nissin income down 13.8% on foreign exchange loss, restructuring costs

Recommended

Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

June 1, 2025
BARMM studying Malaysia’s programs

BARMM studying Malaysia’s programs

October 1, 2024
Carlo Paalam’s bid for Paris Games gold is off and running

Carlo Paalam’s bid for Paris Games gold is off and running

August 1, 2024
Village Gym Partners with HYROX Fitness Challenge for UK Training Programme

Village Gym Partners with HYROX Fitness Challenge for UK Training Programme

October 1, 2024
SMIC board greenlights property-for-share swap

SMIC board greenlights property-for-share swap

August 20, 2024
Collaboration between Infinigate and Acronis broadens reach throughout Europe and the Middle East

Collaboration between Infinigate and Acronis broadens reach throughout Europe and the Middle East

October 30, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Chevron CFO reveals why gas prices are stuck 

    Chevron CFO reveals why gas prices are stuck 

    June 29, 2026
    Apple’s AI problem hits loyal customers, and iPhone could be next

    Apple’s AI problem hits loyal customers, and iPhone could be next

    June 29, 2026
    A former prison now welcomes guests as luxury hotel

    A former prison now welcomes guests as luxury hotel

    June 29, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved