• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Leadership

Trumponomics Daily—Friday, March 10

By
Tory Newmyer
Down Arrow Button Icon
By
Tory Newmyer
Down Arrow Button Icon
March 10, 2017, 11:13 AM ET

To dismantle Barack Obama’s signature achievement, maybe it makes sense to behave like the anti-Obama. President Trump’s predecessor spent more than a year guiding Congressional Democrats as they drafted, tuned and retuned the fine print on a healthcare package that aimed to remake a sixth of the economy. A grueling slog was made even longer by last-minute tweaks to satisfy the nonpartisan beancounters at the Congressional Budget Office. Reflecting on the process two years later, Obama copped to erring politically by sweating the details at the expense of the bigger picture. “The mistake of my first term — couple of years — was thinking that this job was just about getting the policy right.” he said in a 2012 interview.

Trump’s team is taking a starkly different approach. House Republicans hatched their Obamacare repeal-and-replace proposal this week without holding any hearings. It’s not yet clear what the plan will cost or how many Americans will lose their insurance coverage, because the CBO hasn’t had a chance yet to produce an analysis. Early reviews have been rough, with array of healthcare industry groups announcing their opposition and some conservative Republican lawmakers urging a restart. As the package faces an uncertain future on Capitol Hill, the Trump administration is embracing it and diving head-long into the sales job. The CBO is primed to estimate insurance coverage losses in the millions, so White House press secretary Sean Spicer yesterday launched a preemptive attack on the agency’s credibility. Vice President Mike Pence heads to Louisville, Ky., this weekend to promote the measure, and Trump will headline a rally for it Wednesday in Nashville, followed by visits to several more cities in the coming weeks, according to the administration.

The stakes are nosebleed-high for Trump in the first test of his legislative muscle — and the outside-in approach so far defining it. Some keen observers of Obama’s presidency criticized him for not employing enough of that strategy himself, arguing he could have achieved more by leaving the Beltway bunker. In “The Escape Artists,” a book that chronicled the Obama team’s response to the financial crisis, journalist Noam Scheiber wrote that his administration harbored a “chronic confusion about the connection between politics and governing”:

Too often, the two activities were treated as an either-or proposition in the West Wing. Obama generally believed the way to pass his program was to engage earnestly with the opposition, not take his case public. A president never has more leverage with Congress than when he’s riling up voters, but Obama rarely exploited the massive stature of his office as a tool for influencing legislation.

Has the Trump team over-learned the lesson? The weeks ahead will reveal whether speed and blunt force can undo the work of a slow, deliberate plod.

Tory Newmyer
@torynewmyer
tory_newmyer@fortune.com

Must Reads

The GOP’s Obamacare Replacement Plan Clears First Hurdles in Congress [Fortune]

Two key House committees voted along party lines Thursday to advance the measure, but it's facing objections from the chamber’s hard-right flank and an array of industry groups.

Mnuchin calls on Congress to raise debt limit as deadline approaches [CNBC]

The Treasury secretary warned lawmakers that the federal government will need to resort to “extraordinary measures” to continue servicing its debt later this month without a debt limit hike — moves that could buy a months-long extension.

McConnell: Tax reform unlikely by August [The Hill]

The Senate Majority Leader poured cold water on the administration’s ambition of wrapping work on a reform package by late summer.

Rex Tillerson Recuses Himself from Keystone XL Pipeline Issues [Fortune]

The former Exxon Mobil CEO decided in early February against participating in a review of the project to avoid a potential conflict of interest, according to a letter the State Department sent Greenpeace.

Number of the day

235,000

The jobs added to the economy in the first full month of Trump's presidency. The unemployment rate also ticked down, to 4.7%.

Loose change

Why Politics Is Failing America [Fortune]

Happy Birthday, Bull Market! It May Be Your Last [Fortune]

McConnell on Mexico paying for the border wall: 'Uh, no' [Politico]

Trump SEC nominee's online bio is scrubbed [Politico]

FBI’s Comey Says Americans Should Not Expect ‘Absolute Privacy’ [Fortune]

Massachusetts AG Maura Healey Says She Will Sue Trump Over His New Travel Ban [Fortune]

With Trump in the White House, Some Executives Ask, Why Not Me? [NYT]

About the Author
By Tory Newmyer
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

Latest in Leadership

AIRecruiting
To ease recruiters’ fears of being replaced by AI, Zillow experimented with ‘prompt-a-thons.’ Now the real estate giant has 6 new recruitment tools
By Paige McGlauflin and HR BrewJanuary 6, 2026
45 minutes ago
lurie
North AmericaSan Francisco
‘We took our business community for granted,’ San Francisco’s new mayor admits to city’s failings, but vows not to move fast and break things
By Nick LichtenbergJanuary 6, 2026
55 minutes ago
jon hamm
C-SuiteMarketing
When brands play hard to get: why you’re drawn to products that neg you
By Jaclyn L. Tanenbaum, Karen Anne Wallach and The ConversationJanuary 6, 2026
3 hours ago
RetailLuxury
How a real estate scion’s risky dealmaking pushed Saks Global to the brink
By Phil WahbaJanuary 6, 2026
4 hours ago
Databricks CEO Ali Ghodsi speaking on stage at a Fortune tech conference.
AIEye on AI
Want AI agents to work better? Improve the way they retrieve information, Databricks says
By Jeremy KahnJanuary 6, 2026
4 hours ago
Future of WorkEducation
‘Employers are increasingly turning to degree and GPA’ in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloJanuary 6, 2026
4 hours ago

Most Popular

placeholder alt text
Personal Finance
Janet Yellen warns the $38 trillion national debt is testing a red line economists have feared for decades
By Eva RoytburgJanuary 5, 2026
1 day ago
placeholder alt text
AI
Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer
By Sasha RogelbergJanuary 5, 2026
1 day ago
placeholder alt text
Success
Blackstone exec says elite Ivy League degrees aren’t good enough—new analysts need to 'work harder' and be nice 
By Ashley LutzJanuary 5, 2026
1 day ago
placeholder alt text
Energy
‘Big Short’ investor Michael Burry says toppling of Venezuela’s Maduro will weaken Russia’s global standing as its oil ‘just became less important’
By Marco Quiroz-GutierrezJanuary 5, 2026
1 day ago
placeholder alt text
Economy
Under Biden, America got 150 countries to agree a 15% global corporate tax. Under Trump, America gets an exemption
By Fatima Hussein and The Associated PressJanuary 5, 2026
1 day ago
placeholder alt text
Personal Finance
Current price of silver as of Monday, January 5, 2026
By Joseph HostetlerJanuary 5, 2026
1 day ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.