Do Trump Reversals on Key Policies This Past Week Mean He’s Becoming a Mainstream Politician?


During the presidential campaign, some political pundits believed that if Trump got elected he would move away from conservative positions to a more centrist agenda. There is some evidence to suggest that’s underway.

In an announcement that rocked currency markets, Trump told the Wall Street Journal [WSJ] that the U.S. dollar ‘is getting too strong’ and he would prefer the Federal Reserve keep interest rates low.  ‘I do like a low-interest rate policy, I must be honest with you.’”

Candidate Trump spoke in favor of a strong dollar and higher interest rates.

Another key pillar of the election campaign for Donald Trump was his criticism of President Barack Obama for failing to label China as a “currency manipulator.” In the same WSJ interview, President Trump explicitly said that China is no longer a currency manipulator. It was evident that he didn’t want to upset China while trying to enlist its help in dealing with the rogue North Korean regime.

Pundits also wondered what a President Trump would do regarding the reappointment of Janet Yellen to chair the Federal Reserve’s board of governors.

He singled out Yellen during the campaign, saying she was acting politically to keep interest rates low in order to prop up the stock market to help President Obama.

President Trump now indicates he will consider keeping Yellen and noted that he likes and respects her.

Another topic of concern prior to the November election was the future of the Export-Import Bank. Conservatives have criticized the bank as a crony capitalist tool to selectively subsidize U.S. exports. Candidate Trump voiced his agreement on that issue. Now, it appears his view is shifting.

It turns out that, first of all, lots of small companies are really helped, the vendor companies,” Trump told the Journal. “Instinctively, you would say, ‘Isn’t that a ridiculous thing,’ but actually, it’s a very good thing. And it actually makes money, it could make a lot of money.”

On the national security front, candidate Trump was very critical of NATO, maintaining that it may be obsolete and that its members weren’t paying their fair share.

After meeting with NATO Secretary General Jens Stoltenberg this past Wednesday, President Trump told a news conference that he no longer considers the alliance “obsolete” and that he wants to work with members to ramp up efforts to share intelligence regarding terrorism.

He’s still pushing for member countries to meet their financial obligations and reduce the burden placed on the United States.

Perhaps the most dramatic recent policy shift came when President Trump authorized cruise missile strikes against a Syrian airbase in response to the chemical gas attack on Syrian civilians.

Candidate Trump was very outspoken about any further U.S. involvement in the Syrian civil war, arguing the United States had already gotten bogged down in multiple situations in the Middle East.

These policy changes in key economic and national security arenas seem to indicate that President Trump understands the full weight of the responsibility of his office. It appears he sees a need to pursue a more center-right agenda to win support from Americans who may not have voted for him.

Source: Zero Hedge

 



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