The legal fraternity for one, look set to enjoy a field day, if Trump’s first 30 days are anything to go by. We have witnessed myriad nominations, acting appointments and Executive Orders that will excite Congress and antagonise Trump’s critics.
Is there any ground for optimism that the Trump second term is not going to turn out as painfully as critics fear?
To mark Trump’s first 30 days back in office, investment platform Saxo engaged with two of the sharpest observers of the US political scene in Adam Kinzinger and Anthony Scaramucci. And Saxo enabled GlobalData to sound out Trump’s former Communications Director, Scaramucci and the ex-US Republican Representative, Kinzinger, on the prospects for the second term.
RBI: Will Trump 2.0 pan out as badly as some of us fear?
Anthony Scaramucci: I think the thing that’s going to make Trump 2.0 not disastrous, is time. You don’t have enough time. A lot of the stuff he’s going to do is going to get blocked.
Adam Kinzinger: I think he’s the direct opposite of where I and frankly most kind of traditional Republicans have stood on America’s role in the world and what our role should be with our allies. I think if you’re looking for hope that it’s not going to be a disaster or as disastrous, it’s not going to be for me.
RBI: What do you make of the appointments to date? Do any of the picks look sensible appointments that can give some confidence that this will be a grown-up, responsible administration ?
Anthony Scaramucci: The White House is very concerned about all these prosecutors quitting here in New York over the deal that he cut this very open wound. And so, it’s not just the picks. Bent is a good pick. I feel bad for Rubio because Rubio looks completely out of it. He doesn’t know what to say because Trump is doing things that are so antithetical to common sense. Trump says he’s about common sense and then he sends Vance to give this stupid ass speech.
So, I don’t know if it’s any picks as much as it’s time. Remember, after the midterms, if he doesn’t declare martial law or end the election – something very hard to do in a country like this – I think he’s out of office and the question is who’s going to replace him? And they don’t have a personality like Trump to replace him.
Adam Kinzinger: There are a few good picks. Let’s be clear. Robert C O’Brien is pretty good, right? I know Marco Rubio, and this is a guy that is now saying things and doing things that ten years ago he never would have believed me if I told him he was going to say. For instance, backing, Donald Trump, talking about the role of America and Ukraine should be less. But that’s a good pick. But I think most of his picks, they’re very clear about one thing, a political agenda. This is not an American first political agenda. It’s a nationalist Donald Trump political agenda that’s cloaked itself in conservatism and nationalism.
RBI: So how should Trump’s Republican critics and Democrat opponents plan for Trump 2.0?
Anthony Scaramucci: The Democrats unfortunately don’t have a personality either that they’re willing to galvanise around. If I were the Democrats, I would team up with the former Republicans. I would go to Christie and Haley and I would create a fusion government to beat the MAGA people. The Republican party has really been taken over by Trump. It’s Republican in name only. It’s really the MAGA party.
I would have Adam [Kinzinger] and I would have Haley and Christy But you see the hard left of the Democrats make it hard for them to do that. But I would tell these guys, ‘Hey man, hold your nose. Get in the boat together and start rowing.’ The same way the Brits had to during the war, these coalition governments, I think, could defeat the insanity that were faced with the MAGA people.
Adam Kinzinger: I don’t have a lot of confidence in this second Trump administration. I’m hoping that I’m wrong for the sake of the country in the world, but if not, we’re just going to continue to stand up and I think we need to paint an alternative vision, remind people what actual conservatism really is, and frankly be ready for the end of the Trump administration.
Lynyak advises banking clients to exercise patience
Short term, in financial services the future of agencies such as the CFPB will run and run. Distinguished US attorney Joseph Lynyak has been flooded with requests for guidance from clients regarding mooted financial services legal and regulatory changes. Lynyak, a partner at Dorsey & Whitney specialising in the CFPB banking regulation, tells RBI: “The aggressive exercise of executive authority has resulted in a wave of lawsuits seeking to halt the Administration’s numerous actions and directives. During the course of litigation, in several instances plaintiffs have been successful already in obtaining partial or complete national injunctions that have halted or significantly slowed the pace of changes being implemented by the Administration.
Meantime, Lynyak is telling banking clients that patience is necessary before adopting strategic and tactical plans while the legal authority of the Administration and concomitant challenges by opponents are resolved.
Saxo Bank has created an election hub, link here, for exclusive content surrounding the US election and aftermath
“Trump’s first 30 days: Scaramucci and Kinzinger’s blunt assessment” was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Shelley Larkin is a news writer for Canary Islands News. She writes about arts, construction, automotive, travel, real estate, and fashion. She is also interested in sports and movies.
Shelley enjoys spending time with her family and friends, listening to music and going to the movies.
