Finneran: The 100 Days War

Friday, April 28, 2017

 

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Donald Trump

Can we stipulate that the “100 days” measuring test for newly-elected Presidents is reflective of woeful civic ignorance?

This is America. We do not have royal edicts. We do not have Sun-kings, God-kings, or Emperors. We have Presidents, constrained by a Constitution and occasionally constrained by a balky Congress or balky judges. 

Let’s further stipulate that there is a steep learning curve for Presidents, a curve with a lot more than a mere 100 days duration. I suspect that Donald Trump, once upon a time as a New York real estate developer, took a lot more than one hundred days to learn his craft. The same holds true for Donald Trump as President. He’s learning on the job and that is not the end of the world. 

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Indeed, his three predecessors in office---Presidents Obama, Bush, and Clinton---had steep learning curves themselves, as all came into the office hampered by outsized egos and limited national experience. None of them lived up to their self-proclaimed 100 days’ goals. Nor did they achieve the majority of their self-proclaimed legacy agendas. Remember those balky Congressional folks and those balky judges? They do not disappear.............

We continue to witness the collision of rhetoric and reality, a collision anticipated and intended by the wise folks who wrote that Constitution. May such collisions long continue, for no civically sentient human being would want to live under the thumb of one all-powerful person. Diffusion of power is a healthy tonic for any group of self-governing beings.

I suspect that the nation’s obsession with “the first 100 days” standard comes from the Roosevelts. First Teddy, then Franklin. By all accounts, Teddy was a physical dynamo as well as a dramatist. He craved physical action and robust oratory and it seems likely that he bulled at least some of the journalists of his era into thinking that his oratory was the equivalent of action. Thus a few months of forceful announcements might have left many observers with the impression of achievement.

Franklin Roosevelt’s early days as president were crammed with the various challenges of the Depression. Foremost among these challenges was a run on the banks as the general public panicked about losing their meager savings to a series of bank failures. Invoking some “emergency powers”, FDR declared a bank holiday and then pressured a not-so-balky Congress into passing major banking reform legislation. Other crises cascaded upon Roosevelt and he took advantage of the nation’s desperate desire for change. Circumstances dictated that his first one hundred days were indeed impressive for their sense of empathy, action, and achievement.

Yet that is not the yardstick by which to measure any President. In fact, history is not so kind in its judgements about FDR’s economic policies. Today he is more favorably viewed for his wartime leadership than for his economic theories.

It is true that President Trump’s rhetoric has been overblown and that he has miscalculated a few equations. He will either learn some lessons and gain some credibility or he will lose some power. He could consult Barack Obama about that. A mere two years after Obama’s historic 2008 election, buoyed by initial goodwill, standing in complete political control, and supremely confident of his abilities, he got slaughtered in the 2010 mid-term elections and he never really recovered. 

Trump’s most significant accomplishment in these first one hundred days has been the nomination and confirmation of Judge Gorsuch to the Supreme Court. In the end, Trump will need to do more, much more than that to be judged an effective President.

One hundred days into a 1,461 day term is not predictive of anything. Stay calm and stay tuned.

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Tom Finneran is the former Speaker of the Massachusetts House of Representatives, served as the head the Massachusetts Biotechnology Council, and was a longstanding radio voice in Boston radio.

 

Related Slideshow: Trump’s Win - What Does it Mean for Rhode Island?

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Jennifer Duffy

Cook Report

"We don't really know what a Trump presidency means for the nation, never mind the smallest state.  One of the unintended consequences of last night's results is that Sen. Jack Reed won't be chairman of the Senate Armed Services Committee.  Chalk that up as a loss for RI."

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Pam Gencarella

Head of Ocean State Taxpayers' Association

"Trump’s win means that his signature issue, illegal immigration, could have a big impact on RI, hopefully reversing our course as a sanctuary state and saving the state taxpayer millions of dollars.  While we agree with his 'repeal and replace' Obamacare stance, we have no idea what that means to the RI debacle known as UHIP.  It is not a stretch to believe that federal funding for this kind of system will be off the table so, will RI be stuck with this massively expensive system that still doesn’t work and that is expected to cost another $124 million to fix?  

Trump's belief that there is significant fraud in the Food Stamp program and the policies that may come from that belief could have a negative impact on RI's local economy since there are businesses in certain cities that rely heavily on this program, fraud and all. On the upside, we may be able to ditch the UHIP program if there is significantly less need for processing welfare program requests (ie. Medicaid and food stamps) resulting from fewer illegal immigrants and less fraud.  While we are ambivalent about his touted child care policies, if enacted, it may force our legislators to revisit the ever growing state cost of subsidies in this area and possibly reduce the fraud and abuse in this system." 

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Kay Israel

Professor at Rhode Island College

"With a Republican President and Congress, Rhode Island will probably be excluded from the 'fruits of victory."  

The congressional delegation will be able to vocally make their presence felt, but in the long term it's more symbolic than substantive.  

For Rhode Island it's a matter of holding on and waiting until '18 or '20 and a surge in Democratic influence."

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Jennifer Lawless

Professor at American University

"The RI congressional delegation just became even less powerful than it was. With unified government, Trump doesn’t need to quell Democrats’ concerns or acquiesce because he’s worried about a Democratically-controlled Senate.

His appointments will reflect that. His executive orders will affect that. And the conservative policy agenda he puts forward will affect that."

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Len Lardaro

Professor at University of Rhode Island

"Well there's a few things -- because there's not going to be gridlock, that's a big difference if it had been Hillary and a GOP Congress, in which nothing would got done. We'll at least get a half a billion in infrastructure that's going to pass which will have an impact.

I think you'll see there will be reduced reliance on government nationally -- and that's where we'll stick out like sore thumb. We've relied way too much on government -- and our government is highly inefficient and ineffective.  Maybe, just maybe, in this who cycle of things we might be forced to be small and more efficient for once.

A couple of other things -- interest rates jumped. The one to follow is the ten year government bond rate -- which is tied to mortgages. It went from 1.7% to 2.05% in one day. The point is -- if the ten year stays high, mortgage rates will start going higher -- and in the short time people will run to re-finance. 

That's the short term impact -- but then if rates stay hight, that will make mortgages more out of reach. And we just passed a bond issue to limit open space -- housing has limited upside here.
The next thing -- the Fed Reserve will go ahead with tightening next month. A strong dollar will hurt manufacturing. When the dollar is strong our exports become more expensive overseas. 

Our goods production sector -- manufacturing and construction -- in the near term will do a little better, but as time goes on will be more limited. But something you won't hear, is there are lags in fiscal policy, of six months to year. So we won't really see the effects until the third our fourth quarter of 2017, going into 2018."
 

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Mike Stenhouse

RI Center for Freedon and Prosperity

"As the unbelievable turned into reality this morning, it struck me that the presidential election was not really all about Donald Trump and Hillary Clinton. It was about a fed-up people, revolting against a corrupt system - the "beast" - that relentlessly favors insiders. Hillary personified the beast, while Donald personified the slayer.

Sadly, based on election results in our state, Rhode Island's version of the beast lives on. I fear our political class has not learned the lessons from the Bernie Sanders and Donald Trump movements - and will continue with their government-centric, anti-family, anti-business status quo."

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Kristina Contreras Fox

VP of Young Democrats of America

"A Trump Presidency means the validation of the ugliest part of America. In RI, as with the rest of the country, the hammer of his hatred will fall hardest on minority communities. Being a blue state doesn't make us immune from this danger.

Trump won over 35% (39.5) of the vote here! We need to look in the mirror, and not lie about what the reflection shows us. No more hiding underneath a blue blanket. I expect those who claim Democratic values to be true to those values. The gulf between words and actions have turned into fertile ground for Trump's message to grow here in RI. If you call yourself a Democrat, if you claim to stand in opposition to Trump, now is the time to prove it. Show up and fight back."
 

 
 

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