The Market Endorses Trump's First 100 Days

Cheryl Sanders
April 27, 2017

While the Trump administration hasn't accomplished more than past administrations in the first 90 days, as he falsely claimed, it has delivered on some campaign promises.

The three-month period subsequently became a gauge used to measure how each new president would perform in the months and years ahead.

I just want to give you an example, a little piece of audio where Press Secretary Sean Spicer did what he often does - describe the president's accomplishments for the day.

PennLive has created a timeline of Trump's first 100 days in office. And regarding the question of whether Trump aides colluded with Russian Federation on this influence campaign, 39% believe this occurred - almost 4 in 10 Americans. Unless the USA stock market collapses in the next two days, Trump will have presided over one of the strongest 100-day stock-price performances of any rookie president since World War II. Another candidate, Jon Ossoff in Georgia, hardly even mentions Trump when he talks. Bill Clinton got one in one year, seven months.

Political scientists caution against looking exclusively at the number of bills passed as a measure of achievement, without looking at the substance of those measures.

"What's really important is what major legislation has passed, not whether they've passed legislation at all", said John Frendreis, a political science professor at Loyola University Chicago.

"The scope of the ethical failings by the president and his administration is breathtaking", said Common Cause President Karen Hobert Flynn.

"If we look at the beginning of the Trump administration, basically neither of those factors are present", Frendreis said. And when it comes to significance, whether these bills change the status quo or introduce a new policy idea, there's less to show for President Trump's first 100 days.

President Trump has also begun a formal process for streamlining, combining and actually eliminating federal programs and even entire agencies that is being overseen by his inspired pick for Director of the Office of Management and Budget, Mick Mulvaney. The president has released plenty of information and I think has given more financial disclosure than anybody else. He didn't endorse his fellow Republican for President and he was one of of a handful of Republicans who was prepared to vote down Trump's proposal to repeal and replace the Affordable Care Act. In terms of stock performance, only John Kennedy and George H.W. Bush "scored" better: In their first 100 days in the White House, the S&P 500 gained 9% and 7.7%, respectively. In the release, Democrats accuse Trump of governing by executive order instead of by seeking compromise through Congress.

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