As we happen to be discussing this topic today, I believe that the current situation is most unfavorable for Trump, and all proposals that may weaken his support will face great resistance, including his push for cryptocurrency policy. More importantly, if the "Great Beauty" bill is shelved or even vetoed, Trump's ability to advance the agenda in Congress will be severely hit, and the implementation of the tariff plan will also be hindered. This not only affects the implementation of its economic policies, but also can shake Trump's "credit system" itself, thereby weakening its leadership legitimacy in the core voters and financial markets. If this series of policy failures continues, Trump's image as an economic strongman may no longer be stable, and the market will reassess his governance stability.