A year ago today, President-elect
Donald Trump – perhaps the only politician not shocked by his historic
victory – rallied supporters with a vow to apply his bigger-and-better
business style to the country as a whole.
“America will no longer settle for
anything less than the best,” he declared. And after a divisive
election, the next commander-in-chief pledged to be “president for all
Americans.”
Twelve months later, the changes are seismic.
It is indisputable that the candidate who ran as the get-things-done, board-room executive was great for Wall Street.
The Dow Jones Industrial Average has gained nearly 29 percent since Election Day 2016. The S&P 500 is up 21 percent.
After a rocky first quarter, economic growth also has
picked up to around 3 percent under Trump, while the unemployment rate
has dipped from 4.8 percent in January to 4.1 percent.
Trump marked his election anniversary Wednesday with a tweet congratulating the "DEPLORABLES" who voted for him.
The Trump team and its allies on Capitol Hill are
vowing a bigger economic shot in the arm soon
if they can muscle through a massive tax overhaul in the coming weeks
and months – aiming to unleash growth by slashing corporate tax rates,
simplifying the tax system and boosting the standard deduction.
But the deal isn’t yet sealed, and congressional
leaders are cautious given their repeated failure to pass an ObamaCare
overhaul as promised during the campaign.
While the president has struggled to get his
legislative agenda passed on Capitol Hill, Trump often boasts of his
nomination – and the successful Senate confirmation – of Neil Gorsuch to
replace the late Antonin Scalia on the Supreme Court when talking up
his accomplishments to conservative audiences.
Elsewhere, 12 months of Trump have brought mounting complications.
NOT-YET-UNITED STATES
In the days after Trump’s election, Gallup conducted a poll finding
a record 77 percent of Americans
think the country is divided on key values. The country hasn’t
demonstrated much unification since then. Trump’s inauguration was
countered with massive protests in cities across the country. Far-left
activists have since rioted on college campuses and far-right
demonstrators – including neo-Nazis – have taken to the streets, notably
in Charlottesville where a counter-protester was killed in August.
Moderate Republicans are increasingly speaking out against the president, like Tennessee Sen. Bob Corker, who plans to retire.
(AP)
The president’s scorched-earth approach to politics –
largely conducted via his Twitter account – also has fueled divisions on
Capitol Hill, where moderate Republicans are increasingly speaking out
against the president and bucking the White House on key votes like
health care, even when it invites his Twitter wrath. The most outspoken
are those, like Sens. Bob Corker and Jeff Flake, who plan to retire.
PROBE POLITICS
Meanwhile, a backdrop of investigations and grievances
over those investigations has kept both sides of the political aisle in
an outrage cycle.
In a stunning sequence of events that started with
Trump’s firing of James Comey at the FBI, Special Counsel Robert Mueller
was appointed to investigate Russian meddling in the election and
possible collusion with Trump associates. The first indictments
were announced last week,
though they didn’t speak specifically to campaign collusion with
Moscow. The investigation is ongoing, as are related congressional
investigations – giving Democrats, especially book-touring Hillary
Clinton, a hook for continuing to question the fairness of the 2016
race.
Special Counsel Robert Mueller was appointed to
investigate Russian meddling in the election and possible collusion with
Trump associates.
But Republicans have increasingly countered with
allegations of their own, with some even calling for the appointment of a
second special counsel to investigate Obama and Clinton-era
controversies – including claims that the Clinton email case was
mishandled and questions over how much the FBI relied on a research firm
that commissioned an unverified anti-Trump dossier. It has recently
emerged that the research was funded with help from the Clinton campaign
and Democratic Party.
IMMIGRATION CRACKDOWN
Nothing energized Trump’s base during the campaign like
his promises to get tough on illegal immigration, build a wall and
institute extreme vetting for refugees and others entering the country.
The Customs and Border Protection agency recently unveiled prototypes of a new wall design from several contractors.
(Reuters)
Implementing those policies hasn’t been easy, but the
Trump administration has sought to make a hard break from the Obama
years: Shortly after taking office in January, the president signed an
executive order temporarily banning immigration from several
majority-Muslim countries while restricting entry for some Syrian
refugees. That led to protests across the country and federal court
challenges, which forced the administration to revise the order. The ban
expired last month, as the administration keeps pursuing revised rules.
Trump also tasked his attorney general, Jeff Sessions,
with ramping up enforcement of immigration laws, including cracking down
on sanctuary cities by threatening to deny them federal funding. Trump
also announced plans to end DACA, the Obama-era executive action
protecting young immigrants from deportation, while calling on Congress
to pass a remedy. All of this has been complicated by Trump’s public
criticism of Sessions for recusing himself from the Russia
investigation.
The wall along the southern border has yet to be built –
and Mexico still insists it won’t pay for it, as Trump promised during
the campaign – but the Customs and Border Protection agency recently
unveiled prototypes of a new wall design from several contractors.
REGULATION ROLLBACK
Gridlock in Congress has not stopped the president from
unraveling former President Barack Obama’s executive action legacy,
with Trump portraying his regulatory rollbacks as a boon for business.
Gridlock in Congress has not stopped the president from unraveling former President Barack Obama’s executive action legacy.
That includes withdrawing from the Paris climate
agreement, green-lighting the Dakota Access and Keystone XL oil
pipelines, moving to roll back the Clean Power Plan and using the
Congressional Review Act, an obscure rule-killing law, to wipe out a
wave of last-minute regulations pushed through before he took office.
THE WORLD IS STILL A DANGEROUS PLACE
The president has spent a considerable amount of his time over the last 12 months dealing with threats – at home and abroad.
As the Islamic State orchestrated terror attacks and
declared a caliphate in Iraq and Syria during the 2016 presidential
campaign, Trump famously promised during to “bomb the sh-t” out of ISIS.
Last month, after the liberation of Raqqa, the president boasted that
“more progress” had been made “against these evil terrorists in the past
several months than in the past several years.”
Tensions with North Korea, however, have escalated
since Trump took office, with the president mocking leader Kim Jong Un
as “Little Rocket Man” over the country’s nuclear program. During a
speech in South Korea this week,
the president warned North Korea: “Do not underestimate us. And do not
try us." As for the nuclear threat from Iran, Trump announced last month
that he would decertify the 2015 Obama-era Iran nuclear deal, while
leaving to Congress whether to restore sanctions.
President Trump has mocked North Korean leader Kim Jong Un as “Little Rocket Man.”
(AP)
In recent months, the president has flown on Air Force
One to sites of deadly disasters in the country, including hurricanes in
Texas, Florida, and Puerto Rico. He also traveled to Las Vegas last
month after the massacre at a country music festival – the deadliest
mass shooting in United States history. Democrats have reiterated their
calls for new gun control measures in the wake of more mass shootings,
including after the slaughter of a Texas church last weekend, but the
NRA-backed president has suggested he has no appetite for restricting
the gun ownership of law abiding Americans.
ORDER IN THE WEST WING?
There’s been no shortage of drama, rivalries and
turnover inside the West Wing. Many aides -- including national security
adviser Mike Flynn, chief strategist Steve Bannon, chief of staff
Reince Priebus, press secretary Sean Spicer -- joined the White House at
the beginning of the administration but have since been fired or
resigned from their positions. Anthony Scaramucci lasted just 10 days in
office. And the presence of Trump’s daughter, Ivanka Trump, and
son-in-law, Jared Kushner, as White House aides has complicated
dynamics.
But some of that drama has calmed since this summer’s
selection of retired Marine general and Homeland Security Secretary John
Kelly for White House chief of staff. Kelly has attempted to bring
order to an unruly West Wing environment as the president pushes
Congress to pass a tax reform package, a campaign promise Republicans
acknowledge having to fulfill after failing so far to repeal ObamaCare.
Homeland Security Secretary John Kelly has attempted to bring order to an unruly West Wing as chief of staff.
In an
op-ed for USA Today
on Wednesday marking the anniversary of the election, Vice President
Pence argued that tax reform would pass in the Republican-controlled
Congress by the end of the year.
“It has been a year of accomplishments, and we’re just
getting started,” Pence said. “Before this year is out, we’ll pass
historic tax cuts for the American people. And with President Trump’s
leadership, I know: We will Make America Great Again.”