Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake
Donald Trump has a habit of projecting his anxieties while trying to mask them. You can sometimes tell what’s going on inside the White House by checking the president’s Twitter feed—and assuming the opposite of whatever he claims.
Take the recent White House shakeup that abruptly remade his senior staff. On the morning of 31 July, Trump fired off a tweet extolling the booming stock market and low unemployment rate and then added, a bit defensively, “No WH chaos!”
This was a sure sign that the chaos inside the White House had reached a fever pitch. Within an hour of Trump’s tweet, the president’s new communications director, Anthony Scaramucci, who’d been on the job for only 10 days, was sent marching. This followed the sudden firing of Chief of Staff Reince Priebus, which came only days after the resignation of Press Secretary Sean Spicer. Had Attorney General Jeff Sessions not been so determined to cling to his job—Trump called him “beleaguered” and publicly humiliated him for a week—he, too, might have joined the exodus. When Trump tweeted “No WH chaos!” what he was really signaling was “Total WH chaos!”
And yet Republican sentiment toward Trump’s shakeup was entirely positive, thanks to his appointment of John Kelly, the secretary of the Department of Homeland Security and retired Marine Corps general, to replace Priebus as chief of staff. “He will do a spectacular job, I have no doubt,” Trump vowed. “What he’s done in terms of Homeland Security is record-shattering.” For once, Republicans agreed.
This story is from the August 16, 2017 edition of Bloomberg Businessweek Middle East.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 16, 2017 edition of Bloomberg Businessweek Middle East.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
Pam Codispoti
The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking
This Time It's The Economy
President Rouhani’s budget sets offprotests from people angry about unemployment and inflation
Saudi Prince Counts On Support Of Citizens
State-worker salary increases appeal to the people, but policy may throw the budget off track
Stalin's Legacy Is Choking The Ukrainian Economy
The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors
Catastrophe Bonds Survive A Stormy Year
The turbulence of 2017 couldn’t destroy a market for betting against disasters
Riding The West Bank's Credit Boom
Increased consumer lending is creating a bubble in the West Bank
You'd Be Crazy To Buy Pizza With Bitcoin
Speculative fervour makes the cryptocurrency clumsy for commerce
What If The President Loses His Party?
Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake