The re-election of Donald Trump as president has been rightly described as one of the greatest comebacks in American political history. Trump overcame a campaign demonizing him as a fascist, xenophobe, misogynist and convicted felon. Equally telling is the fact that, after a divisive campaign, he is probably securing a majority of the popular vote. Trump's victory, bolstered by the likelihood of Republicans retaking the Senate and retaining the House of Representatives, gives him a solid mandate to pursue the conservative agenda that emerged in his campaign speeches, but is more cogently expressed in policy documents drafted by his close advisors, Project 2025 among them.
The US results rhyme with trends that have been evident in Europe in recent years, where increasing proportions of the population, unhappy about the economic and social directions in which liberal policies are taking them, are voting for parties that mainstream groups ostracize as far right and fascist. The emergence of the new Trumpian Republican ideology could influence attitudes in Europe, tempering some of the undemocratic methods that have been used to keep such parties out of governance.
The Trump agenda includes unrestrained exploitation of America's fossil fuel, bringing more industries back to the US, and creating millions of jobs in the de-industrialized parts of the country, and driving fuel prices down. It includes steep tariff increases—both to induce trade partners to reduce their tariffs and to encourage industry to set up in the US and substitute imports. Tax cuts as an incentive to business has been a consistent Trump mantra.
Sequencing these measures to ensure that inflation does not balloon, wild price fluctuations and supply chain disruptions do not occur, and the fiscal deficit does not continue to rise steeply would be a major challenge. There is, as yet, no indication how this would be done.
Denne historien er fra November 07, 2024-utgaven av The New Indian Express.
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Denne historien er fra November 07, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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THE MASTER WHO REMAINS A STUDENT
Filmmaker Mani Ratnam opens up in a candid conversation with Gautham Vasudev Menon, reflecting on his creative process, and his enduring humility in the face of a celebrated four-decade career
YEAR OF ORIGINS
Six exceptional prequel films prove how 2024 is one of the best years for origin stories
Kili chronicles
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Tumbbad-fame Pankaj Kumar to make directorial debut
According to reports, Tumbbad (2018) cinematographer Pankaj Kumar will be making his directorial debut with the tribal actioner, titled Konyak.
Tiny greens, big impact
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POWER OF POETRY
BODIES, caste, sexuality, desire, and violence—these topics filled the poems penned by Malathi, Kutty Revathi, Salam, and Sukirtharani, in the early 2000s. A new vocabulary of feminist writing slowly solidified.
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What does it mean to live in harmony with nature? How do we, as modern humans, reconcile assurance with balance or abundance with convenience?
GETTING OFF MEDICATION AGAINST DOCTOR'S ADVICE CAN LEAD TO HEART DISEASE
GEORGE (name changed), from Cherthala in Kerala, was 41 when he found out he has high cholesterol during a routine health checkup.
A future where age is just a number
What if we could spend most of our lives in good health?
Gukesh loses as Ding pulls off a classic
After four hours and change in the humble, unglamorous everyday office chair, Ding Liren finally got up. He left the playing hall for a break.
