Opinion
What We Don’t Know About The Presidents We Elect

The Navy proudly draws its newest, most devastating fighter, the McDonnell F4H Phantom II past the applauding President of the United States John F. Kennedy as he reviews the Inaugural Parade, in Washington, DC, on January 20, 1961. / Photo by Bettmann via Getty Images.
Notes on the occasion of an inauguration
Like most Americans, I applaud the recent ceasefire agreement between Israel and Hamas that was approved today by the Israeli security cabinet, and I was glad to learn that the incoming Trump administration was directly involved in support of the Biden team in the most positive way: by telling Israeli Prime Minister Benjamin Netanyahu that a deal had to be made.
I did not like much of the Biden administration’s foreign policy, and I worried a lot, as a journalist and a citizen, about what Donald Trump’s new team would do. But I learned long ago that you cannot tell a presidency by its cover.
In late 1967 I was a freelance journalist in Washington and totally hostile to the ongoing American war in South Vietnam. I was persuaded to join the then nascent staff of the only Democratic member of the Senate, Eugene McCarthy of Minnesota, who was willing to take on President Lyndon B. Johnson, a fellow Democrat, then running for second term, who had escalated the war he inherited with mass bombing campaigns. I would be the press secretary and, while traveling with the candidate, draft daily policy statements and work on speeches.
McCarthy, a member of the Foreign Relations Committee, was far from a shining star. But, as a devout Catholic, he saw the Vietnam War in moral terms and was troubled by the Pentagon’s decision to lower the minimal acceptable scores on the Army’s standard intelligence tests in an effort to enlist more young men from the ghettos and barrios of America, where educational opportunities were fewer, as they still are today. McCarthy publicly called such action “changing the color of the corpses.” He quickly became my man.
A few weeks into the job, I was traveling with McCarthy on a fundraising tour in California and found myself outside a Hollywood mansion where McCarthy was making a money pitch to the rich and famous. Such events were always boring, and I found myself hanging around outside the mansion with a few of the local and national reporters tagging along. One of those outside was Peter Lisagor, then the brilliant Washington bureau chief for the Chicago Daily News. He had joined our antiwar campaign out of curiosity, I suspected, since the chances of forcing Johnson to change his aggressive Vietnam policy seemed to be nil amid relentless US bombings. As I later learned, Lisagor had been one of the few journalists invited to fly in 1966 on Air Force One with the president on one of his early trips to Vietnam. The flight was kept secret until Johnson arrived in Saigon.
Lisagor told me a story—most likely he meant to cheer me up, since we were polling at 5 percent at the time—about time he had spent in 1961 at Harvard and the Massachusetts Institute of Technology. I do not recall whether he was on a reporting project there—he had been a Nieman fellow at Harvard in 1948—but there he was on inauguration day of 1961, while in Washington the glamorous John F. Kennedy was being sworn in as president by Chief Justice Earl Warren.
As Lisagor told it, he was watching the swearing in with a bunch of MIT students and faculty members at a cafeteria that had a TV, and just as Warren pronounced JFK president a young faculty member named Noam Chomsky stunned the small crowd by saying, of Kennedy and his Harvard ties: “And now the terror begins.”
Chomsky’s point, as would become clear in his later writings, was that Kennedy’s notion of American exceptionalism was not going to work in Vietnam. As it did not. And Lisagor’s point to me, as I came to understand it over the years, was that one cannot always tell which president will become a peacemaker and which will become a destroyer. Lisagor died, far too young at age 61, in 1976.
Joe Biden talked peace—and withdrew US forces from Afghanistan—but helped put Europe, and America, into a war against Russia in Ukraine and supported Benjamin Netanyahu’s war against Hamas and, ultimately, against the Palestinian people in Gaza.
Donald Trump is always talking tough but one of his first major foreign moves after winning the presidency was to order his senior aides to work with Biden’s foreign policy people to perhaps end a war in Gaza and save untold thousands of lives. And I hear serious talks are underway to bring an end to the Ukraine War.
One never knows.
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Business
Trump considers $5K bonus for moms to increase birthrate

MxM News
Quick Hit:
President Trump voiced support Tuesday for a $5,000 cash bonus for new mothers, as his administration weighs policies to counter the country’s declining birthrate. The idea is part of a broader push to promote family growth and revive the American family structure.
Key Details:
- Trump said a reported “baby bonus” plan “sounds like a good idea to me” during an Oval Office interview.
- Proposals under consideration include a $5,000 birth bonus, prioritizing Fulbright scholarships for parents, and fertility education programs.
- U.S. birthrates hit a 44-year low in 2023, with fewer than 3.6 million babies born.
Diving Deeper:
President Donald Trump signaled his support Tuesday for offering financial incentives to new mothers, including a potential $5,000 cash bonus for each child born, as part of an effort to reverse America’s falling birthrate. “Sounds like a good idea to me,” Trump told The New York Post in response to reports his administration is exploring such measures.
The discussions highlight growing concern among Trump administration officials and allies about the long-term implications of declining fertility and family formation in the United States. According to the report, administration aides have been consulting with pro-family advocates and policy experts to brainstorm solutions aimed at encouraging larger families.
Among the proposals: a $5,000 direct payment to new mothers, allocating 30% of all Fulbright scholarships to married applicants or those with children, and launching federally supported fertility education programs for women. One such program would educate women on their ovulation cycles to help them better understand their reproductive health and increase their chances of conceiving.
The concern stems from sharp demographic shifts. The number of babies born in the U.S. fell to just under 3.6 million in 2023—down 76,000 from 2022 and the lowest figure since 1979. The average American family now has fewer than two children, a dramatic drop from the once-common “2.5 children” norm.
Though the birthrate briefly rose from 2021 to 2022, that bump appears to have been temporary. Additionally, the age of motherhood is trending older, with fewer teens and young women having children, while more women in their 30s and 40s are giving birth.
White House Press Secretary Karoline Leavitt underscored the administration’s commitment to families, saying, “The President wants America to be a country where all children can safely grow up and achieve the American dream.” Leavitt, herself a mother, added, “I am proud to work for a president who is taking significant action to leave a better country for the next generation.”
Business
Trump: China’s tariffs to “come down substantially” after negotiations with Xi

MxM News
Quick Hit:
President Trump said the 145% tariff rate on Chinese imports will drop significantly once a deal is struck with Chinese President Xi Jinping, expressing confidence that a new agreement is on the horizon.
Key Details:
- Trump said the current 145% tariff rate on China “won’t be anywhere near that high” after negotiations.
- He pointed to his relationship with Xi Jinping as a reason for optimism.
- The White House said it is preparing the groundwork for a deal, and Treasury officials expect a “de-escalation” of the trade war.
Diving Deeper:
President Donald Trump on Tuesday told reporters that the steep tariff rate currently imposed on Chinese imports will come down substantially after his administration finalizes a new trade deal with Chinese President Xi Jinping. While the current level stands at 145%, Trump made clear that number was temporary and would be adjusted following talks with Beijing.
“145 percent is very high. It won’t be that high, it’s not going to be that high … it won’t be anywhere near that high,” Trump said from the Oval Office, signaling a shift once a bilateral agreement is reached. “It will come down substantially, but it won’t be zero.”
The tariff, which Trump previously described as “reciprocal,” was maintained on China even after he delayed similar penalties on other trading partners. Those were cut to 10% and paused for 90 days to allow room for further negotiation.
“We’re going to be very nice. They’re going to be very nice, and we’ll see what happens. But ultimately, they have to make a deal because otherwise they’re not going to be able to deal in the United States,” Trump said, reinforcing his view that the U.S. holds the leverage.
Trump’s remarks come as markets remain wary of ongoing trade tensions, though the White House signaled progress, saying it is “setting the stage for a deal with China.” The president cited his personal rapport with Xi Jinping as a key factor in his confidence that an agreement can be reached.
“China was taking us for a ride, and it’s not going to happen,” Trump said. “They would make billions a year off us and build up their military with our money. That’s over. But we’ll still be good to China, and I think we’ll work together.”
Treasury Secretary Scott Bessent also said Tuesday that he expects a cooling of trade hostilities between the two nations, according to several reports from a private meeting with investors.
As the 90-day pause on other reciprocal tariffs nears its end, Trump emphasized that his team is prepared to finalize deals quickly. “We’ve been in talks with many, many world leaders,” he said, expressing confidence that talks will “go pretty quickly.”
White House Press Secretary Karoline Leavitt added that the administration has received 18 formal proposals from other countries engaged in trade negotiations, another sign that momentum is building behind Trump’s broader push to restructure global trade in favor of American workers and businesses.
(Li Xueren/Xinhua via AP)
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