New Trump Era Brings Virtue and Greatness Trump Will Move Fast


No time to waste implementing economic agenda that won him election. BY CHRISTOPHER C. HULL, PH.D.


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xpect donald trump to move fast dur- ing his first 100 days back in office on his election-winning eco- nomic agenda of tam-


ing Biden-era inflation, yanking jobs back onshore and lighten- ing voters’ tax burden. “Past is prologue,” says Frank


Pallotta, an investment banker and two-time GOP congres- sional candidate, who recalls that after taking power in 2017, Trump moved immediately to implement his economic agen- da, helping more than triple economic growth from 1.8% in 2016 to 5.8% pre-COVID-19. Expect Trump to move fast


again, given that the economy was arguably the number one reason he was elected. To fight inflation, former


Trump White House policy aide Robert Bowes tells Newsmax, the incoming president will aim at “cutting our energy prices in half” and bringing down inter- est rates, to “really supercharge the economy.” “The economy was wrecked


under Biden,” Bowes declares. “We have to quickly repair it,” by revitalizing domestic en- ergy production, lifting oner- ous Biden-era restrictions and slashing oil and gas prices, thereby reducing transporta- tion and manufacturing costs. “If you see the expectation


of deflation or no inflation, like say from energy costs being cut to $30 a barrel of oil rather than $70, you can see how that’s go- ing to have a dramatic impact,”


62 NEWSMAX | JANUARY 2025


says Bowes. He also predicts Trump will


jawbone the Fed into lowering interest rates, which remain his- torically high, especially relative to other economies. “The most beautiful word in


the dictionary is tariff,” Trump told Bloomberg News at the The Economic Club of Chicago be- fore the election. Accordingly, the incoming


president will institute an “Amer- ica first trade policy,” in which tariffs could come hard and fast. Pallotta calls tariffs a negoti-


ating tactic that encourages fair trade practices. In particular, “tariffs, when used the right way, will bring jobs back here to the United States, or keep jobs here” in the first place, he explained.


ufacturing from our enemies to our own shores. “We have unfortunately built


this dependency on China to produce our key pharmaceuti- cals,” he says. Prolonging and deepening


Trump-era tax cuts could create up to 597,000 jobs, estimates the non-partisan Tax Foundation. The Republican roadmap


may lead to a short-term in- crease in the deficit, but longer term, “the strategies in that plan, in my opinion, will lower the deficit.” The key is “putting more money in the hands of our business leaders and our con- sumers and our residents.” Addressing America’s debt


depends in part on resolving the ongoing budget impasse in Washington. For years, Congress has re-


lied on stopgap measures and continuing resolutions, kicking the can down the road instead of passing a comprehensive budget. What’s more, given the GOP’s modest majorities in the


Addressing America’s debt depends in part on resolving the ongoing budget impasse in Washington.


As American goods become


more competitive with tariffs imposed, Bowes agrees, U.S. employers grow domestic man- ufacturing capacity to provide the American alternatives. In this way, Americans over time get jobs currently held by for- eign countries. Thus, the incoming presi-


dent’s policy will actually be focused not just on imposing tariffs alone, but on “onshoring new jobs,” he says. For instance, the incoming


president will likely once again pursue systematically moving America’s pharmaceutical man-


Senate and House, Bowes ac- knowledges he’s “not totally op- timistic” about Congress mend- ing its ways. Still, Bowes believes the


president will leverage execu- tive powers, including so-called impoundment, in which Trump could seize money Congress ap- proved for wasteful projects and return the funds to the general treasury.


Christopher C. Hull, Ph.D., a former chief of staff in the U.S. House of Representatives, is president of Issue Management Inc., a consultancy aimed at achieving policy outcomes for its clients.


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