Wednesday, 28 November 2018

Trump's influence


Trump is definitely not a popular president that he did not win the popular vote in the 2016 presidential election and his party lost the midterm election this year; however, his influence over the entire country is enormous. Furthermore, though the US Federal Reserve should operate independently, Trump can still influence the Fed. Trump has criticised the rate hike decision made by the Fed chairman who was picked by himself several times, and today Powell, the Federal Reserve chairman declared US interest rates are closing in on "neutral" level, implying the rate hike will be less likely in the future, at least, it is highly unlikely to see a significant increase in rates. Trump definitely played an important role in his Powell's annoucement.

Over the recent two years, Trump has House and Senate, so he can almost get anything done. During these two years, Trump has cut taxes for individuals, especially wealthy individuals, and businesses significantly. In addition, Trump has launched a trade war with China and the relationship between the US and its allies has been damaged by Trump's outrageous claims and behaviour. Therefore, Trump does not influence America domestically but also internationally. Of course, this is the case as all American presidents have such influence. However, Trump is trying to extend his influence to a greater extend. He is trying to influence the judge system and the Fed, those independent government branches.

Some commenters argue that Trump is using his presidency to benefit his family and himself, all he cares is how much he can benefit. However, the wealth is not actually his first priority, his priority is to make him look correct. He never commits any mistake he ever makes and he always looks for someone else to be blamed. However, Trump’s comfortable era will come to an end that Republican lost the control of the House and Democratic Party will control the House starting from 2019. This will make Trump much more uncomfortable as he will be questioned much more frequently and more harshly. Trump is not very good at handling pressure and oppositions; therefore, his behaviour under a Democratic House will become more unpredictable, unstable and outrageous.

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