As I write, I am silently celebrating the nomination of Steven Mnuchin to be Treasury secretary. A banker (and not a political hack) in that seat is all right by me. Seriously. And Wilbur Ross as commerce secretary? Terrific.
I can’t tell you how happy I am to have private sector guys in these positions of power. I’ll be candid—for eight years, under Obama, business was the enemy. That mindset is completely changing. It seems foreign because it’s been so long.
I was never a Trump supporter. But this is the reality of it: we have just elected a businessman (however flawed) to the highest public office. Trump is motivated by very different things than Obama was.
If you’re wondering about the newfound ebullience in the stock market, this is it. The last eight years saw an unprecedented expansion of the regulatory state. It will be rolled back.
So Which Trump Do We Get?
On the other hand…
The guy we elected to public office likes to tweet in the middle of the night about throwing people in jail for burning the flag. This can’t continue for four years. I’m surprised it’s continued this long. Donald Trump is the least presidential president we have ever elected—no contest.
It’s also not hard to characterize him as unthinking, anti-intellectual, and maybe even a complete buffoon. Maybe not the best qualities you want in a president. And that’s before we even consider the racial undertones of the campaign.
But a Trump presidency is unquestionably pro-business (if not necessarily free-market), so up, up we go.
Taxes