John Bolton called President Trump's UN speech on Tuesday the best of his presidency. Actually, much of it sounded like it had been written by Bolton. It was truly a great speech. Clearly in content. And while this POTUS is not a gifted orator like Reagan, he projected such power, clarity and determination that foreign leaders certainly now know that the US is once again leading – and not from behind.
Not surprisingly, Josh Earnest, former White House Press Secretary for President Obama, opined that President Trump was “foolish to goad or provoke or mock” the North Korean leader. The Venezuelan Foreign Minister also rejected Trump’s threats to promote “restoring” Venezuelan democracy, saying, “For a moment, we didn’t know if we were listening to President Reagan in 1982 or President Trump in 2017.” Reagan is, was, and will be remembered around the world (in the words of NBC News at the time of his death) because, “He stunned the Soviet Union with his tough rhetoric, calling it an ‘evil empire’ whose leaders gave themselves the right to commit every crime.” [Read More]
On May 4, President Trump signed a Religious Liberty Executive Order relaxing IRS enforcement of the Johnson Amendment, which bans tax-exempt organizations like churches from political speech and activities. The “Promoting Free Speech and Religious Liberty” Executive Order also directs “the Secretary of Health and Human Services” to “consider issuing amended regulations, consistent with applicable law, to address conscience-based objections to the preventive-care mandate.”
Presidents since Franklin D. Roosevelt have set 100 days as a target for making early progress on their campaign promises and Donald Trump is no exception. While he hasn’t achieved some of the ambitious goals he set for himself in his “Contract with the American Voter,” there is at least one area where he has done much of what he committed to do, and that is regulation. Since he was inaugurated, President Trump has overturned more than a dozen regulations, rescinded numerous executive actions and established a system of regulatory oversight that, for the first time, incentivizes agencies to evaluate the accumulated stock of regulation before issuing new rules.
The central goal of the Trump administration is to create new jobs and bring home old jobs that have moved overseas. To have any hope of success, President Donald Trump will need to have an innovation policy that supports new technologies and reduces regulatory and legal barriers to growing these technologies.
There are many places to start. Research firm IHS Markit in January released a study of the coming economic impact of 5G, the next generation of mobile technologies. According to the report, 5G will be a significant step forward in the evolution of mobile technologies. This new technology, successfully implemented, will have great economic impact, with the “value chain” amounting to $3.5 trillion of output and 22 million new jobs, many of them here in the United States.
Rachel Augustine Potter writes for the Brookings Institution:
Regulatory politics, not usually the stuff of headlines, is suddenly above-the-fold news. In his first week, President Trump laid out an ambitious anti-regulatory goal of eliminating “75%–maybe more” of existing regulation. Last week he followed up on that pledge, signing an executive order adopting a “2 for 1” policy for new regulations and issuing another order to consider rolling back Dodd-Frank regulations.
However, despite this flurry of activity, it’s too soon to conclude that the regulatory state as we know it is in retreat.