The Real Reason For Dollar's Dominance Is Its Credibility
President Donald Trump’s electoral victory last November was decisive and sweeping. He now has majority control over both legislative houses, i.e., the lower house called the Congress or House of Representatives, and the upper house called the Senate. Sometimes, both houses together are also misleadingly called the “Congress.” He has, of course, the control of the White House, and this is called a “governing trifecta,” which is a sweet spot.
He has already exercised his increased influence in the passage of 64 executive orders in barely three weeks of assuming office of the president for the second time. Unlike his first, term which began in 2017, he also has a two-thirds majority of the conservative judiciary.
This might prove crucial if he tries to deliver on his promise of no birthright citizenship. This cannot be merely done by an executive order and might require a constitutional amendment, which might in turn be challenged in the Supreme Court. The apex court could come to Trump’s aid, although this is not guaranteed in this case of citizenship debate. Trump’s popularity is also supposed to be ten percent higher than what he got from his voters, which means that even some of those who did not vote for him now support his policies.
These policies cover tariff action against trading partners, stricter action against illegal aliens, withdrawing from expensive wars in distant theatres and making NATO allies pay more, and finally reducing the size of the government. The president has threatened that America will charge reciprocal import........
© Free Press Journal
