Trump: Winning more than ever

Obstructing the confirmation of his Cabinet nominees is churlish and will not succeed. The facts are that Trump is almost certain to produce a superior health-care system than the shambles of Obamacare, and he has slowed down the process to avoid the chaos of repealing one system before the next is in place. He is almost certain to produce tax cuts for the middle and working classes. It is too early to say how his efforts to repatriate capital accumulations and jobs will go, but, because they are based on incentive economics, they are unlikely to be fruitless.

And the president is picking his opponents astutely. He will eat some of Wall Street’s free fiscal lunch, but give with the other hand as he dismantles the moronic regulatory excess of Sarbanes-Oxley. A group of bankers was in to see him last week, including former ostentatious Democrat Jamie Dimon of JPMorgan Chase, who was rewarded for his fervent support of Obama with a $13 billion fine over his handling of the (government-created) mortgage bubble. Dimon is now a Trump supporter, although Trump publicly criticized him for caving to the Justice Department without a fight.

The surest financial barometer of all of what very big, very smart money thinks is the revelation that that other great Democrat, Warren Buffett, has invested $12 billion in the U.S. economy since Election Day. After only two working weeks as president, Trump is already chipping away at blocs of Democratic support, in the limousine-liberal business community and with selected labor unions, including some he knew from his career working with the rough building-trade unions across the country. He has gone a long way to rallying the conservatives, including many intellectual conservatives, by nominating Judge Gorsuch to the Supreme Court in an elegant ceremony. As noted above, his confirmation (he was unanimously confirmed by the Senate to his current position as a federal appeals-court judge) might be necessary to get final approval of Trump’s travel ban, but the Democratic appointees on the Supreme Court are a great deal more substantial as jurists than the poltroon who gained his 15 minutes of world fame by starting this controversy.

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