We Must Think Big and Dream Even Bigger

By Larry Kudlow In all the media back and forth over President Donald Trumps inaugural speech most have missed a central point: His address was infused with a wonderful sense of optimism. As an old Ronald Reagan guy I have learned through the years that optimism equals true leadership. And yes true leadership cannot be achieved without optimism. Toward the end of his speech Trump said We must think big and dream even bigger. To understand Trump and his message on Inauguration Day is to appreciate the importance of that sentence. He then added: The time for empty talk is over. Now arrives the hour of action. Do not let anyone tell you it cannot be done. No challenge can match the heart and fight and spirit of America. We will not fail. Our country will thrive and prosper again. All the medias talk about the so-called dark nature of the speech completely obscured these crucial lines. I dont know about you folks but I am tired of all this talk of permanent American decline secular stagnation a new normal that dooms us to slow growth falling living standards weak middle-class wages and all the rest. You hear it enough that you could almost come to believe it. Yes in recent years the country has fallen into a pessimistic funk. But this is not the America I know. And far more important its not the America President Trump wants. Trump was a change candidate who blasted away at the establishments failures at the expense of ordinary Main Street folk. And he successfully ran with the simple idea that things can be fixed. And he brought that optimism to his inaugural address. As he said: Now arrives the hour of action. Do not let anyone tell you it cannot be done. Decades ago when Reagan was elected president the intellectual consensus was that high inflation high unemployment and American decline could not be changed. The idea was that the country was ungovernable. But Reagan put an end to that. He did it with a clear set of easy-to-understand policies to fix the economy and restore American leadership abroad. And he guided that plan into place with his quintessential optimism. Trump and Reagan are very different people. And Trumps governing style will be nothing like Reagans. But the underlying principle of optimism is the same. Finally we must think big and dream even bigger he said. How quintessentially American is that? Can we return to being the proverbial City Upon a Hill? Yes we can. For these reasons I believe President Trump has the potential to be a transformational figure. And he is moving fast. His actions and energy in just the first couple of days have been remarkable. Everywhere he repeats the theme of economic growth with lower taxes and fewer burdensome regulations. The war on business is over. We will reward success not punish it. He talks bilateral trade deals that can be enforced. He is freezing federal hiring proposing to cut government spending $10.5 trillion over 10 years doing away with Obamacare mandates getting the Keystone XL and Dakota Access pipelines in place welcoming a constant flow of visitors from businesses and unions and taking calls from foreign heads of state. He has set up a meeting with British Prime Minister Theresa May moving a U.S.-Britain free-trade agreement from the back of the queue to the front. He is making it clear that he will seek border security replace catch-and-release with catch-and-deport institute skills-based legal immigration (rather than family-based) deport criminal illegals and end sanctuary cities. Following up on his inaugural pledge to eradicate the Islamic State group -- to unite the civilized world against radical Islamic terrorism which we will eradicate completely from the face of the Earth as he said -- he is calling for a military strategy memo from the joint chiefs and backing an allied coalition of ground forces to take the IS stronghold in Raqqa Syria. There will be no more containment of IS but rather the eradication of IS. We have wanted to hear this for years. Trump said it and he means it. Finally conservative journalists are recognized at the beginning of press conferences; Cabinet nominees are getting through confirmation; and Republicans on the Hill are finding they can work with the new president. In all this -- from strength at home to strength abroad -- Trump is moving at warp speed. And he is keeping to his inaugural pledge that Every decision on trade on taxes on immigration on foreign affairs will be made to benefit American workers and American families. This is what he ran on. Thankfully he is not about to change. And thats why he has the potential for greatness. Right now I truly wish folks would help him not seek to harm him. Give him a chance. We must think big and dream even bigger.