The election ends with a Trump victory, now the real work starts
11 November 2016 | Karen Dunn Kelley - Senior Managing Director, Investments
While we know the Trump won the US election, we don't yet know what policy changes will come to fruition once the hyperbole of the campaign trail gives way to the reality of governing.
One of the most tumultuous and unprecedented presidential election campaigns in US history is now over, with Donald Trump ultimately emerging as the winner and Republicans retaining their control over both the Senate and the House of Representatives. But while we know who won, we don't yet know what policy changes will come to fruition once the hyperbole of the campaign trail gives way to the reality of governing.
The ‘art of the possible’ and those devilish details
As we are often told, “politics is the art of the possible.” President-Elect Trump laid out an extremely ambitious agenda during the campaign. However, despite the fact that he will be working with a Republican Congress, it is by no means sure that he will be able to muster the support necessary to enact the sweeping reforms he has proposed to areas across the policy spectrum, including immigration, trade, health care, energy, personal and corporate taxes and financial regulation, to name only a few. In this regard it is worth recalling that President-Elect Trump is certainly not a conventional Republican, and even during the campaign he at times openly disagreed with senior figures within his own party.