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Size, and republicans pass a corporate tax plan of their own and present it to him to sign as a fait accompli. now, the question there is how will his ego react to having that happen? and that's something i fear we know the answer to all too well. >> peter, this is an interesting point because we've had sort of 16 years really of presidency before donald trump of presidents who have tried to gain more executive power and make the presidency bigger. now it may be that the presidency, as john says, gets smaller. but here's what grover norquist, who i think prior to steve bannon was the most powe...

John, you guys at the economist are unabashed capitalists. but what peter was getting at is there is an inability now regardless of whether you're a democrat or republican in america, there's an inability at the moment for the president to get things done, get those things on his legislative agenda accomplished because the president has no allies. he has been, as my colleague stephanie ruhle said, donkey kicking republicans in congress. he's going to be fighting with the far right now with bannon, and he has got no particular relationship with democrats in washington. >> i think that's a probl...

That you need to do to get things done. so the question of what happens is a good one. one possibility is that the presidency just gets sort of shrunk down to its historical size, and republicans pass a corporate tax plan of their own and present it to him to sign as a fait accompli. now, the question there is how will his ego react to having that happen? and that's something i fear we know the answer to all too well. >> peter, this is an interesting point because we've had sort of 16 years really of presidency before donald trump of presidents who have tried to gain more executive power and m...