The beginning of Donald Trump’s second presidency has been quite extreme, especially when comparing the start of presidential terms over the last century. Recently, a section of “The Times” has published eight different charts comparing Trump’s performance with those in previous years.
Trump signed a record of 26 executive orders on his first day in office, but he didn’t stop there. Some of the executive orders he has signed develop policy in particular areas, such as oil drilling, prescription drug prices, and the water pressure in showers. So far, Trump has issued more executive orders than any other modern president.
In addition, Trump has also been sued in federal court more than any other modern president. In other administrations, legal action emerged later as a reaction to laws and regulations that took months or years to take effect. However, Trump’s earliest executive orders have already sparked an outbreak of lawsuits. Currently, Trump is rushing to cut funding from the Department of Education, fire federal employees, impose additional tariffs, alter immigration policy, and more.
Since Trump’s inauguration, the S&P has fallen by more than 7 percent, which is on track for the worst performance for stocks in this period of presidency since Gerald Ford in 1974. These massive swings in the stock market are most likely the result of Trump’s tariffs, his views on the Federal Reserve, and his interest rate policies.
When Trump first entered office, voters stated that they trusted him to handle the economy and immigration. But now, 100 days into his second term, his approval is completely underwater. A significant portion of the public believes the economy has worsened under Trump’s leadership, further crumbling his support. Not only that, concerns have been raised about the Trump administration’s perceived attempts to expand presidential powers, suggesting a disregard for legal norms.
Cites –
https://www.npr.org
https://people.com/