After five weeks (and months of campaigning) filled with speeches about how bad things are in the U.S. and the dangers of refugees, immigrants, and ISIS, Donald Trump addressed a joint session of the Congress in the House chamber on Tuesday. Just about everyone expected more of the same, with Trump stirring controversy with every off the cuff remark. But President Trump changed things up and focused on the future of the country instead of the past.
What Can We Take Away From Trump’s Speech?
Instead of incendiary, Trump chose to be soothing. The president, seemingly for the first time since announcing his candidacy for presidency, treated Senators and House Representatives with respect, formality, and tradition. Instead of focusing on “making America great again” and focusing on the past, Trump talked about optimism and unity.
Why the sudden shift in rhetoric?
Most likely, it points ties back to Trump’s abysmal approval rating, which sits below 50 percent – the worst ever for a new president 5 weeks into office. While his voter base loves him, the rest of the country of isn’t quite as fond of Donald Trump in office. Trump bending to the people doesn’t just raise his approval rating, it also helps get things done. If Democrats aren’t fighting Trump every step of the way, the government can run more smoothly and efficiently. And in regards to getting things done, Trump did just ask for $54 billion in defense spending. With a little formality, he’s putting himself in a much better position to secure that budget.
In a speech to the National Republican Congressional Committee’s March fundraiser, March 21, President Trump ple… https://t.co/oyc59WUdBk
— Thus Spake (@thus_spake) March 22, 2017
Without too much detail, but lacking his usual glossing over guarantees of how great it’ll be, Trump focused on the country’s future. He called for easing the Food and Drug Administration’s regulatory oversight of new drug development, citing an example of a sick girl whose father started a drug company just to save her life, but is hampered by regulations.
He touched on the country’s highways. And instead of talking about how badly they’re falling apart, he described the interstate highway system as “the last truly great national infrastructure program” and called for $1 trillion in new spending to rebuild the country on a grand scale.
As a result, after snapping it’s 12-session streak of record high closes Tuesday, the Dow Jones responded to Trump’s speech by shooting up more than 300 points (1.46%), with the Nasdaq and S&P 500 seeing similar percentage rises.
Watch the analysis of Trump’s Congressional Speech from USA Today:
If Trump continues to look to work within the government instead of creating his own within the administration, markets should continue to thrive – along with the economy.
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