04/18/2017

TRUMP AS PRESIDENT: “President Trump visited the Tennessee estate of Andrew Jackson last month to symbolically claim the mantle of the first genuinely populist president since the 1830s. Just like Jackson, Mr. Trump defeated a political dynasty to take power and was now determined to challenge what the new president called ‘the arrogant elite.’
But last week suggested the limits of the comparison. Where Jackson made it his mission to destroy the Second Bank of the United States, which he viewed as a construct of the nation’s wealthy to wield power over the people, Mr. Trump saved the Export-Import Bank and signaled that he may preserve the leadership of the Federal Reserve, two modern-day tools of federal power in the economy.
As he nears 100 days in the White House, Mr. Trump has demonstrated that while he won office on a populist message, he has not consistently governed that way. He rails against elites, including politicians, judges, environmentalists, Hollywood stars and the news media. But he has stocked his administration with billionaires and lobbyists while turning over his economic program to a Wall Street banker. He may be at war with the Washington establishment, but he has drifted away from some of the anti-establishment ideas that animated his campaign.”

-Peter Baker, “As Trump Drifts Away From Populism, His Supporters Grow Watchful,” The New York Times online, April 18, 2017