Kate Andrews has narrated this article for you to listen to.
How rare it is to be given a second chance. That’s what the American people have handed Donald Trump.
His second shot at the presidency means avoiding past mistakes, which in TrumpWorld means finally harnessing the full power of the state. Even in the last year of his first term, Trump was struggling to fill all the political appointment vacancies he had at his disposal. This was the consequence of never developing a real plan for governing that went beyond chanting ‘Drain the swamp’.
Elon Musk talked down Bessent as the ‘business-as-usual choice’, but that’s what markets are looking for
This time round, things are going to be different. Trump is announcing new departments and staffing them before he even re-enters the Oval Office. We are about to see a methodical revolution in Washington D.C., which will involve taking an axe to state spending, as well as announcing a sweeping set of tax hikes, in the form of tariffs, months ahead of implementation.
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