Trump is elected and given another opportunity

Wed Nov 06 2024
Rachel Long (681 articles)
Trump is elected and given another opportunity

“I want to express my gratitude to the American people for the incredible honor of being chosen as both your 45th and 47th president. I promise to stand up for you, your family, and your future, every citizen. I will be fighting for you every single day, and I will not stop until we have created the powerful, secure, and prosperous America that you and our children deserve. “This is going to be America’s golden age,” Trump said.

And now since we’re going to support our nation, it will take on a new significance. We will provide assistance to our nation. We have a nation in dire need of assistance. Our borders will be fixed. Everything in our nation will be fixed. And tonight, we made history for a reason, and that reason will be simply that we conquered challenges that no one believed were achievable, and it is now evident that we have accomplished the most amazing political feat,” he continued.

Notably, since George W. Bush in 2004 — more than 20 years ago — no Republican has won the popular vote, including Trump in 2016. The only other American president to earn a second term after losing his initial attempt at reelection after meeting Grover Cleveland is Donald Trump. It’s an incredible achievement and a historic political resurgence.

The 21st century’s political understatement would be to claim that the former president has been a model of tenacity. Following the Capitol disturbance on January 6, 2021, he was virtually written out as a potential candidate, even by us. However, Democrats’ politicized use of lawfare and their biased Jan. 6 probe helped to bring him back to life. Mr. Trump’s chances of winning the nomination would have been ruined by the Bragg indictment in New York on jerry-rigged accusations. Another pivotal aspect in the campaign was his bravery following the initial assassination attempt.

In the end, his victory on Tuesday wasn’t as close as the polls indicated. With a coalition that comprised more youthful voters as well as more Black and Hispanic men, he was able to reclaim the states he had lost in 2020. He may even win the national popular vote because he narrowed the gap between his defeats in the states he lost. The victory is greater than it was in 2016.

But without the Biden Administration’s and Congressional Democrats’ policy blunders, Mr. Trump’s return would not have been feasible. Because voters have grown disenchanted with the outcomes of President Biden’s progressive initiatives over the past four years and because he has failed to deliver the unity and prosperity he promised, he won again.

Instead of bringing the nation together, Mr. Biden swung to the left to bring Democrats together, and he trusted the historians—that would be you, Jon Meacham—who warned that he might become another FDR. During his first two years on Capitol Hill, he appointed Nancy Pelosi to lead his agenda and Elizabeth Warren to lead his regulators.

The outcome was turmoil at the southern border, a divided cultural agenda fueled by identity politics, a drop in real wages as inflation skyrocketed, and the breakdown of American deterrence overseas. According to the exit polls, Mr. Trump’s top concern was the economy in particular. Voters who rely on income and salaries rather than assets felt otherwise, despite the media’s insistence that the economy is doing well.

When it became obvious that Mr. Biden would lose, Democrats attempted a last-minute change of direction by forcing him out of the race, and it nearly succeeded. Although Kamala Harris made an effort to position herself as a “new way forward,” she was unable to break free from her four-year relationship with Mr. Biden. She ultimately failed to convince enough people that, in a world of increasing geopolitical peril, she was capable of carrying out the duties of President.

Republicans had a political edge based on these principles, and a younger GOP candidate free of the burden of January 6 might have achieved more success. According to exit polls, Mr. Trump’s character and the threat to democracy were significant Democratic advantages. Even in this case, however, Democrats overplayed their hand since their analogies to Hitler and fascism were untrue.

Will Mr. Trump be able to lead more effectively in his second term than he did in his first? As we went to print, the House majority was too close to call. However, as we write this, he will have a working GOP majority in the Senate, with at least 51 senators and possibly more. That will facilitate the confirmation of his judges and cabinet nominees. Mr. Trump’s second term is unlike any other in almost a century, but most second administrations end in failure. In the words of Democrat Rahm Emanuel, “it would be a terrible thing to waste a second chance.”

The exit polls’ main policy takeaway is that Mr. Trump must maintain a laser-like emphasis on economic expansion. He is mandated to abolish the Inflation Reduction Act’s climate directives and electric vehicle requirements.

The most important thing he needs is growth with low inflation that boosts incomes, particularly for American households without assets or homes. It will be essential to expand the pro-growth tenets of his 2017 tax reform and deregulation in order to attract corporate investment. Adopting the union feather-bedding and income redistribution policies supported by the big-government right would not achieve that outcome.

Trump also praised Musk during his rally in West Palm Beach on election night, saying that Musk was instrumental in helping him win important states like Pennsylvania. “He has personality. Regarding Musk, Trump remarked, “He’s a special guy, he’s a super genius.” “We must safeguard our geniuses,” the former president continued. There aren’t many of them here. The billionaire’s sustained financial and public endorsements of the Republican nominee preceded Donald Trump’s comments. Musk has contributed millions of dollars to Trump’s PAC, making him a significant contributor to the campaign’s momentum.

Elon Musk expressed his optimism in Donald Trump’s victory and his ambitions for the future of the nation as the results came in. With the humorous message, “Let that sink in,” Elon Musk posted an altered image of himself in the Oval Office, alluding to his well-known prank of bringing a kitchen sink into Twitter’s San Francisco offices to commemorate the conclusion of his $44 billion acquisition of the company. Furthermore, Elon Musk is more than just a verbal supporter of Trump. He has stated his plan to have Musk lead an audit of government waste and has openly promised to turn the US into the “bitcoin and cryptocurrency capital of the world.”

Trump and Elon Musk’s partnership has been extensively reported, since the two have been seen together at events and campaign rallies. By contributing $75 million to Trump’s PAC and interacting with voters on social media, the tech tycoon has played a significant role in Trump’s campaign to win the presidency again. Musk’s role in constructing the story of Trump’s electoral comeback has been further cemented by his prominence throughout the election. When Musk wrote, “Game, set, and match,” a plethora of responses congratulated him and Trump on their expected “win” in the 2024 US elections.

Rachel Long

Rachel Long

Rachel Long is our Desk Correspondent covering Stock Markets across the globe. She is based in New York