Trump Takes Power as 45th President

The darkening clouds burst forth rain as he began speaking, but it did not deter Donald John Trump from becoming the 45th President of the United States.

Trump pledged “a great national effort to rebuild our country and restore its purpose for all the American people.”

His fist raised, Trump vowed that, “Together we will make America strong again, we will make America proud again, we will make America safe again, and yes, together we will make America great again.”

Trump struck the same confrontational tone he used throughout the campaign, promising that “America will start winning again,” while assuring the disaffected working-class voters who lifted him to victory that he would put their interests first.

The Trump election is of great concern to the financial services industry, whose members want the new president to reverse some of what they see as burdensome regulations.

Among them are the Dodd-Frank Wall Street Reform legislation, which Trump has come out against, and the Department of Labor fiduciary rule, of which he has said nothing.

Some financial service professionals attended the inaugural and took to Twitter to express their support for the new president:

George Washington was elected as an Independent Candidate. We may be witnessing a modern Independent President in @POTUS DJT #Inauguration

— Ryan D. Oestreich (@EvergreenAdvice) January 20, 2017

Oestreich is senior vice president and financial planner with MML Investors Services in Pennsylvania.

The time for empty talk is over.... We will not fail. - President Trump. @NAIFAAdvocacy @NAIFA @InsNewsNet

— Kevin Mayeux (@KevinMayeux) January 20, 2017

Mayeux is CEO of NAIFA in Falls Church, Va.

"When you open your heart to patriotism, there is no room for prejudice."

- President Donald J. Trump, the 45th @POTUS of the United States pic.twitter.com/NiD5htFZsa

— Anthony Scaramucci (@Scaramucci) January 20, 2017

Scaramucci is a highly successful New York City financier who started with Goldman Sachs. Trump named him a senior advisor. Scaramucci has said the new president will stop the fiduciary rule.

Strikingly populist and nationalistic, Trump said, “We will bring back our jobs. We will bring back our borders. We will bring back our wealth and we will bring back our dreams.”

Wearing an overcoat and his signature red tie, Trump spoke under cloudy skies, the temperatures an unusually warm 50 degrees for Washington in January. The speech was deliberately short, largely written by Trump himself, according to transition officials, with advice from top aides, including Steve Bannon and Kellyanne Conway.

A 70-year-old marketing tycoon with no previous government experience, the new president attacked Washington with unabashed ruthlessness. “The establishment protected itself, but not the citizens of our country,” Trump said.

“Their victories have not been your victories. Their triumphs have not been your triumphs. And while they celebrated in our nation's capital, there was little to celebrate for struggling families all across our land. That all changes starting right here and right now because this moment is your moment, it belongs to you.”

The Associated Press contributed to this story

InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at [email protected].

© Entire contents copyright 2017 by InsuranceNewsNet.com Inc. All rights reserved. No part of this article may be reprinted without the expressed written consent from InsuranceNewsNet.com.

InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at [email protected]. Follow him on Twitter @INNJohnH.