Hint: Trump is not working with Paul Ryan to disassemble Medicare as we know it.
Those of us who predicted gridlock, stasis, and an excessively weak Trump presidency are so far right. Hardly anything has gotten through, though we have managed to scare off 40% of the potential foreign applicants for higher education, one of America’s most successful export industries. Tax reform, which is not an ideological touchstone, won’t be easy, and the Republicans have not reached prior agreement on many of the (numerous) details. Russia will continue in the headlines. The weakness of political parties remains an underlying theme. Overall, it is good that health care reform is off the table for now, because superior alternatives were not likely to result.
Is it good or bad, all things considered, that foreign governments are seeing increasing latitude to ignore Trump’s threats? And why exactly does Trump dislike Germany so much?
By the way, the end of global QE is rapidly approaching, with U.S., European, and possibly Chinese central banks all tightening at about the same time; maybe that’s the real news!
Addendum: Alex writes to me:
39% of responding institutions reported a decline in international applications, 35% reported an increase, and 26% reported no change in applicant numbers.