Happy New Year 2026
This was year of Donald Trump. Although on the campaign trail Trump denied being guided by the Heritage Foundation’s Project 2025, his policies dovetailed nicely with it. By some accounts, he has implemented about half of the recommendations in Project 2025. Several of the contributors to Project 2025 are now in the administration. Russell Vought is OMB director, Peter Navarro is an advisor, Brendan Carr is head of the FCC, Paul Atkins heads the SEC, Tom Homan is the border czar, John Ratcliffe is CIA director, Monica Crowley is in the State Department along with Michael Anton. Again, it may just be coincidental that his own policies just happened to be many of those found in the document. But that seems highly unlikely, Regardless, the president was a very busy man during this past year and this was perhaps the most consequential first year of any president.
He mandated policy changes in the environment, immigration, foreign trade, foreign affairs, federal workplace, DEI, abortion (what the left calls “reproductive rights”), Title IX and transgender policies among others. During his first term he issued 220 executive orders. He surpassed that in the first year of his second term with 221. He probably won’t break FDR’s record of 1,112 executive orders issued during his four terms in office. But he may come close.
He has continued Biden’s weaponization of the “Justice” Department. In an ideal world the Department of Justice, its investigations and prosecutions are supposed to be free from politics and not pressured by the political and personal preferences of the president. I don’t know if this has ever been the case. Under Richard Nixon the Justice Department dropped its antitrust case against International Telephone and Telegraph (ITT) in exchange for financial support at the Republican National Convention. Justice Department officials were also implicated in the Watergate scandal. President Obama’s department was openly political as his attorney general Eric Holder said that he was the president’s “wing man.”
President Trump got off the ground running. First he fired Justice official Sally Yates for not defending an executive order. During the year over a third of the senior officials have left the department especially in the civil rights division and those of environmental and immigration. Some say this is a clearing out of those attorneys who are not completely on board with the president’s policies. Recall all the chatter about his policies being resisted in his first term by the “Deep State”? Well, the president was determined not to let this happen in his second term and this has led to a mass exodus of federal officials across the entire government. He also fired every attorney involved in the indictments stemming from the January 6 riot (or insurrection as the left calls it).
The president has also – like Biden – sic-ed the Department on his political enemies seeking indictments against James Comey, Letitia James and Adam Schiff. The indictments against Comey and James have been dismissed. An interesting development was the dismissal of the investigation against Eric Adams, the mayor of New York City which prompted the resignation of several of the Justice department’s prosecutors. I don’t know what prompted this action but Trump’s critics said it was politically motivated.
One of the interesting things – and again I don’t know if this is unique to Trump – is his appointing his personal attorneys to positions within the department. Pam Bondi, the attorney general, represented him in his impeachment trial. When he fired the attorney general for Eastern Virginia for not pursuing the indictment of Letitia James, he appointed Lindsey Halligan who had no prosecutorial experience but was one of his personal attorneys. He appointed Alina Habba who represented him in some civil cases as acting attorney general for New Jersey.
Then there was the dismantling of USAID and the cutting off of foreign aid and humanitarian assistance severely impacting several thousands of people, especially in Africa. Who can forget the chaos stemming from Elon Musk and DOGE? Then there was the attempt to abolish the Department of Education or more precisely dismantling it by sending many of its functions to other agencies. The same was true for the Consumer Financial Protection Bureau which gets its funding from the Federal Reserve rather than through appropriations. He has pardoned almost 2,000 people many involved in the January 6 riot. Then there are the name changes, the Gulf of America, the Department of War, the change back of the names of the military bases, the Trump-Kennedy Center. The paving of the Rose Garden. The tearing down of the east wing of the White House to build a new ballroom. The deployment of the national guard to protect ICE and ICE facilities. The deployment of the guard to address crime in democrat run cities. The total shakeup at HHS. The confusion over vaccines. The shutting down of immigration both illegal and legal. The abrupt ending of science grants and the exodus of many scientists to other countries. The firing of the number crunchers at Commerce and the dissolution of voluntary committees at NIH and the Bureau of Labor Statistics. He also seems intent on cratering the National Oceanic and Atmospheric Administration, terminating hundreds of employees and cutting contracts and research. Was this due to Project 2025’s recommendation asserting that NOAA was being used to further claims regarding climate change? Office of Management and Budget Director Russ Vought called the National Center for Atmospheric Research (NCAR) “one of the largest sources of climate alarmism in the country.”
The bombing of Iran’s nuclear facilities intended to dissuade their making of a nuclear bomb. But perhaps the most important items of the year were his successful shutting down of the southern border, his universal “reciprocal” tariffs and his attempts to make peace in some of the world and threaten war in others. He was successful in Israel-Hamas but failed in Russia-Ukraine. He threatened Mexico, Panama, Columbia, Greenland and most seriously Venezuela with military action. Under the pretense of shutting down the Venezuelan drug trade his has openly lusted after its oil. Perhaps he can accomplish both.
He has been less successful on the economic front. Inflation has stayed around 3 percent while he says that affordability is a hoax when it is not. He as cajoled the Fed to do his bidding calling its chairman every name imaginable. He has tried to fire a Fed governor accusing her of mortgage fraud even though documents reveal that he did the same thing on two properties in Florida. His tariff policies have resulted in his retrenching and renegotiating with certain countries and on certain products. He has had to bailout the soybean farmers with $12 billion to offset their loses from the Chinese retaliating against his tariffs just like in his first term.
There is all this and more. At every turn, Trump is sued – to date there have been 530 lawsuit brought against him in 2025. His cases fill the dockets of the courts with the Supreme Court finally beginning to opine on cases involving tariffs and birthright citizenship. But I think the most significant aspect of the Trump presidency has been his relentless effort to expand the scope of presidential power. Presidents have always exercised such power via executive orders but Trump has taken it to another level with his attempts to fire officials that have presidential appointments and are confirmed by the senate for a specified term. He has had mixed success in doing so. This is a reexamination of how independent are the independent agencies that are normally in the executive branch but not under the control of the president.
There is the president’s own industrial policy. Joe Biden’s was centered on green energy, which was the epitome of crony capitalism. Green energy was financed by government loans and tax credits. Its use was mandated by government and would have failed if left to the market. Green energy is not financially competitive without government support and green energy companies fed at the public trough, enriching themselves on the taxpayer’s dime. It also made Al Gore and his buddies rich. Trump is putting a stop to all that ending subsidies and the tax credits, shutting down windmill construction and opening up lands closed to oil and gas development by Biden.
But Trump has his own industrial policy one that would make Bernie Sanders proud characterized by anointing winners and losers. The government taking equity positions in private firms, imposing profit taking deals from companies like Nvidia and demanding voting rights in firms like US Steel. This has evoked cries of socialism, crony capitalism, state capitalism or as I call it American Socialism. While presidential interference in the economy is nothing new – remember Richard Nexon’s wage and price controls or Jimmy Carter’s lending to Chrysler in exchange for stock warrants – Trump as is his wont has taken it to new heights.
Whew! Yes, there is all this and even more leading to the question of “what does 2026 hold”? Will it be as impactful and as chaotic as 2025? We will soon find out.
Happy New Year