Don Wooten: Of Trump's 100 days and the impending conclave - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Economic News
Newswires RSS Get our newsletter
Order Prints
May 4, 2025 Newswires
Share
Share
Post
Email

Don Wooten: Of Trump's 100 days and the impending conclave

Staff WriterThe Dispatch-Argus

The events discussed in last Sunday's column continue to echo this week.

President Trump's first 100 days in his second term ended last Tuesday, setting off a delusional celebration and a flurry of critical reactions. The nine-day period of mourning for Pope Francis ends this Tuesday, with a conclave to name his successor opening the very next day. Both merit further consideration.

Trump went to Michigan last Tuesday to deliver a 90-minute summation of his accomplishments thus far. It was largely a reprise of his standard campaign speech, along with complaints that he isn't getting enough credit for his accomplishments. He once again blamed Joe Biden for the nation's problems and claimed he won in 2020. He also took time to criticize Federal Reserve Chairman Jerome Powell, the media, and "fake polls" that showed him with a 44% approval rating; "if it were a legit poll, it would be in the 60s or 70s — these people are a bunch of crooked people."

He defended his tariffs and immigration program: "We are delivering mass deportation, and it's happening very fast. And the worst of the worst are being sent to a no-nonsense prison in El Salvador." He then showed videos of prisoners having their heads shaved, being bent over and marched into cells. The crowd cheered.

Further cheers were delivered in a subsequent cabinet meeting when its members competed in a circle of sycophancy, each trying to top the others in extravagant praise of the man to whom they owe their jobs. Others, outside the MAGA cult, have been more critical.

Many commentators drew a contrast between Trump and the president who gave us the first 100-day standard, Franklin Delano Roosevelt.

When FDR took office in 1933, the country was in the depths of the Great Depression: "A stricken nation in the midst of a stricken world" as he put it. He immediately called Congress into a special, three-month session and closed the entire American banking system. He and Congress passed the Emergency Banking Act, which was used to create federal deposit insurance before the banks reopened. He then spoke to 60 million radio listeners, telling them "what has been done in the last few days, why it was done, and what the next steps are going to be." Within two weeks, people returned the money they had been hoarding to their banks and the economy stabilized.

During that 100-day period, 15 landmark pieces of legislation and 77 other laws were enacted which constituted the New Deal, forming a government that has sustained the nation ever since.

About six weeks after that opening burst of activity, Roosevelt gave another talk to the nation, reflecting on what had been done during that 100 day interval. Since that time, subsequent presidents have used their first 100 days as a benchmark of their time in office.

Trump is no exception. Armed with executive orders prepared by the Heritage Foundation's 2025 Project, he signed 142 of them, beating FDR's 99; but has signed only 5 laws, far short of FDR's 92. Trump has chosen to rule by fiat; largely bypassing Congress.

If you have watched recent television programs, you have probably seen various journalists drawing contrasts between Trump's record and FDR's. It's important to remember that each man was serving in different times and circumstances. All presidents since Roosevelt have continued to operate within the framework that he established some 90 years ago. The main difference between presidents 32 and 47 is that the former was building a nation that continues to serve the ordinary citizen; the latter is dismantling it for reasons that have yet to be explained.

Continuity is also at question in the conclave that opens Wednesday at the Vatican. The number of cardinals participating is 133, 13 more than the normal limit. Their proceedings will be kept secret, so one can only guess how they go about choosing the next Pope. Are candidates nominated? Do they campaign?

While the process is secret, some information occasionally leaks. When Pope John XXIII was elected it was because the man most wanted was Giovanni Montini, but he wasn't a cardinal. That actually isn't an impediment; cardinals can choose whom they please, but the practice has been to name one of their own. So, they settled on 77-year-old Angelo Roncalli with one stipulation: he was to name Montini a cardinal, which he did.

The expectation was that John XXIII would not live long. He lasted only five years, but during that time, he called a church council which suddenly opened the Catholic Church to reform, something those who selected him did not anticipate or desire. At his death, Montini, the one they preferred, became Paul VI. After Paul, the conclave elected a genial pastoral prelate Albino Luciani who took the name John Paul I, only to die 33 days later.

The following conclave was a contest between two Italian cardinals, each with a solid, unyielding bloc of votes. When it became obvious neither side would concede, the conclave turned to an unlikely choice, Cardinal Karol Wojtyla of Poland: Pope John Paul II.

Now, Francis' successor must be chosen. There is no obvious front-runner. Traditionalists from the United States and Africa may make common cause, but in support of whom? Cardinals rarely know one another. They come from across the globe and seldom have occasion to spend time getting to know their equals. Probably the one most familiar is Cardinal Pietro Parolin, the Vatican's Secretary of State. The 70-year-old Parolin is, in a sense, second only to the Pope and the one cardinal in frequent contact with all the others.

The overriding question is, will the conclave give us another Francis or another hard-liner like John Paul II? The outcome is as hard to predict as Trump's next 100 days.

Older

Gov. Landry might get the insurance laws he wants, but not without ruffling some Republican feathers

Newer

Buffett to step down following 6-decade run atop Berkshire

Advisor News

  • Economic pressure makes boomerang living a new normal
  • Millennials ready to bring their advisor to the family table
  • The gap between policy awareness and investor conversations
  • Younger investors turn to ‘finfluencers’
  • Using digital retirement modeling to strengthen client understanding
More Advisor News

Annuity News

  • A new opportunity for advisors: Younger indexed annuity buyers
  • Most employers support embedding guaranteed lifetime income options into DC Plans
  • InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
  • FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
  • Zinnia’s Zahara policy admin system adds FIA chassis to product library
More Annuity News

Health/Employee Benefits News

  • Letter: Thank you Rep. Kauffmann for insurance reform bill
  • Thank you Rep. Kauffmann for insurance reform bill
  • Humana Reports First Quarter 2026 Financial Results; Affirms Full Year 2026 Adjusted Financial Guidance
  • BILL TO EXPAND PREVENTIVE HEALTHCARE COVERAGE AND SAVE LIVES PASSES SENATE
  • ‘No gap’ private health insurance can save you money. But there’s a catch
More Health/Employee Benefits News

Life Insurance News

  • Are you truly independent? 5 questions to ask
  • NCOIL tackles packed agenda at spring meeting
  • Unum Group Reports First Quarter 2026 Results
  • Foresters Financial revamps accelerated underwriting, raises limits to $2M
  • National Life Group Appoints Matthew Frazee as Chief Financial Officer to Support Continued Organizational Growth
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

A FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Press Releases

  • RFP #T01325
  • RFP #T01325
  • RFP #T01825
  • RFP #T01825
  • RFP #T01525
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet