The stock market has certainly greeted it enthusiastically, with the Dow currently up approximately up 280 points on the day as of this writing. For a long time the financial press was talking about the possibility of the Dow passing the 20,000 milestone, and a few weeks later we've already passed the 21,000 mark, another milestone.
It must be frustrating for the Democrats to see how enthusiastically the market has greeted Trump's Presidency. The current rally dates from exactly November 9th, the day after the election. The vast majority of prominent money managers who are Democrats have spoken of how Trump would bring economic disaster, and most have voiced corresponding market views.
The market, however, hasn't cooperated.
It was good to see Nancy Pelosi and some of the other Democratic women in the chamber appropriately dressed in "suffragette white." (You do know that Trump plans to take the vote away from women, don't you?)
Okay, now for the speech itself. First, the good stuff:
The Obama administration always seemed to regard police as the enemy, so a shift in tone there was long overdue.
And let's hope that the administration's replacement for Obamacare works out. That program was a disaster for most people who weren't on Medicaid, and certainly allowing interstate competition is a good idea. But only time will tell if Trump can bring down medical costs for the average family; so far no President has been able to do that.
Now, the bad stuff:
While tightening immigrations is a sensible idea, the VOICE program seems a little strained (like its acronym, which stands for Victims Of Immigration Crime Engagement). The fact that some immigrants commit crime, including violent crime, is a factor which should be weighed when considering immigration policy overall, but VOICE seems to create a special class of victims, just as "hate crimes" statues do. Aren't regular laws good enough in both cases?
("Victims Of Illegal Chicano Evil-doers" would have been more straightforward.)
It also seemed that Trump went a little overboard with bringing in special visitors to the gallery. This is a long standing Presidential tradition meant to humanize a sitting President's programs. But it's always seemed a cheap way to gain support. It's almost as if the President is portraying his political opponents as people who would root against the unfortunate person in the gallery. ("Go ahead, I dare you to jeer that poor girl in the wheelchair, or the widow of that Navy SEAL.")
Obama did this more than any previous President, but even he never brought in four different sets of people for a single speech.
But it was still enlightening to see Nancy Pelosi and a few others refuse to stand and cheer for the Navy SEAL widow. (It almost made me admire Pelosi; it takes a certain courage to root against mom and apple pie.)
Anyway, I support most of Trump's policies, so it was good to see him get a chance to speak directly to the public without the media interpreting his words for the rest of us and telling us what to think.
Update, same day: turns out the initial reports may be wrong, and there's some question as to whether Pelosi (and Debbie Wasserman Schultz and Keith Ellison) stood and clapped or not. It may be that they stood and clapped for the first, but not the second round of cheering.