United States

Submitted by Pater Tenebrarum via Acting-Man.com,

A Shift in Expectations

In an inaugural speech that appealed to the core tenets preached during his presidential campaign, tinged with an overtone of palpable anger and a suggestion of protectionism, Trump revisited the themes that brought him into the White House, and vowed to bring back jobs, fortify America's borders and restore America's wealth, while transferring power from Washington and giving it back to "you, the people."

President Trump’s economic plan will create 25 million new jobs in next decade, “return to 4 percent annual economic growth,” "lower rates for Americans in every tax bracket, simplify the tax code, and reduce the U.S. corporate tax rate” according to a statement just posted on the White House wesbite.

He has also proposed “a moratorium on new federal regulations and is ordering the heads of federal agencies and departments to identify job-killing regulations.”

Following Trump's swearing in, his speech marked a notably anti-establishment tone and that has smacked US equities lower...

• *TRUMP: WE'RE TRANSFERRING POWER FROM WASHINGTON TO `THE PEOPLE'

• *TRUMP: ALL DECISIONS ON TRADE, FOREIGN AFFAIRS, TO BENEFIT U.S.

And the peso tumbles...

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Republicans, Democrats, and Voodoo Economics

Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)