A little over two weeks have gone by and the
post-election's dust has yet to settle. It was not supposed to go this way. Why?
The media was giving Clinton an 85% chance or better. There was no way that
Trump could become President. President Obama, Mitt Romney, Jeb Bush, and other
luminaries had said so. It was in the bag! Clinton would be the next President,
and the first female President.
It did not
turn out that way, did it?
Democrats went into shock, then got angry, and some
loudly proclaimed: Not my president!
Celebrities and diehard democrats had vowed to leave the country if Trump would
win, but cowardly have chosen to remain.
Republicans were as surprised as the Democrats. The
media had convinced everyone that there was no way the republican candidate had
a chance to win. Many predicted that the Democrats would win not just the White
House, but control of the Senate as well. Republicans had resigned themselves to
minimizing their losses and vowing to make it next time. Several Republicans
running for office went out of their way to disassociate themselves from their
party nominee.
If You Don’t
Like the Results …
Group dynamics teaches us that groups, when in
defensive retreat, will employ predictable defenses. First, clamor to change
the rules … then to abolish the Electoral College. Second, claim irregularities
with the voting machines and ask for a recount. Third, question the legitimacy
of the winner because he received fewer votes on a national basis.
It is hard to
shift from a sure win to a sure loss.
Someone said that Democrats took Trump literally, while
Republicans took him seriously. Indeed, if you took Trump literally, many should
rightfully be scared. After all, he is racist, homophobe, xenophobe,
misogynist, or worse. The anti-Trump demonstrations that followed his election have
expressed fear of Trump’s potential actions. They imagine hate, divisions,
brutality, dictatorship, and other horrible consequences. A few have the
audacity to accuse the President-elect of being worse than Hitler.
The Benefit
of the Doubt
Many staunch liberals are not open to that. They have
already decided that he is unworthy of the office, which rightfully belonged to
their candidate. They have a tough time imagining Trump as a pragmatic and
well-intentioned politician.
Trump announced his first 100-day priorities. Guess
what? The rhetoric has pretty much toned down. No Armageddon! No mass
deportations, no repeal of Obama Care, no economic chaos!
The DOW broke 19,000 … Unemployment rate drops below
5% … Foreign leaders take a customary, conciliatory approach and welcome
Trump’s victory.
My
Predictions
Nobody can foretell the future, but all of us can
imagine. Here are my 10 guesses for the next four years:
· Obama Care will be mended, not ended.
Republicans might play slight of hand with the nomenclature, but key provisions
will be maintained such as pre-existing conditions, coverage of dependent
children until age 26, and subsidized rates for the poor.
· No mass deportations. Criminal undocumented aliens will be pursued and sent back. The wall
will be built in some form, physical or electronic. Legislation will tighten
immigration rules. Illegal immigrants,
in the country for several years, will be given the opportunity to legalize
their status. Sanctuary cities will feel the squeeze of the federal government
to support ICE or lose significant amounts of transfers. Mayors of Chicago, New
York, Los Angeles, San Francisco and other cities will squawk and complain, but
they will quietly get in line.
· A massive infrastructure bill will pass and
spur a significant rise in economic activity and better paying job prospects.
If the traditional multiplier applies, we can see a significant spill over that
would generate more revenue for the national treasury.
· The tax system will undergo some streamlining in the rates.
U.S. companies with more than two trillion dollars parked overseas will be
encouraged to bring these funds home after paying a nominal fine.
· Women will continue to have the right to an abortion.
Not sure, though, if Planned Parenthood will continue to
receive federal money. Some particulars will be delegated to the States. The
landmark U.S Supreme Court case will not be overturned.
· NAFTA will be renegotiated to eliminate
imbalances and to give the American worker more protection. The Trans-Pacific trade deal is already dead
and so is the Trans-Atlantic trade
deal under negotiation. Trump will favor bilateral agreements.
· The economy will pick up steam during the second year
of Trump’s presidency and grow at the rate of 3-4%. Wages will rise at a
robust 4-5%.
· The pipeline bringing oil from Canada to Texas will be
started. A more even-handed, and less ideological approach to climate change
will give clean coal, gas and oil a fairer treatment while continuing the
diversification of our energy sources.
· The U.S. will find accommodation with Russia to
finally defeat ISL and bring closure to the Middle East wars.
· Educational choices will expand as the federal
government promotes more leeway for parents in selecting a school for their
kids. The competition from charter schools will make public schools more
effective.
Conclusions
If Trump accomplishes 8 out of these ten
“predictions”, the Republican Party will increase its control of the Senate by
at least 6 more senators by dislodging those 6 senators running for re-election
in 2018 from red states.
Furthermore, Trump will have set the path for a
massive victory in 2020 with control of both houses. He will have managed to
clean up his tarnished image and political hatchet job at the hands of his
political enemies.