IMO, a transformational leader could boost American morale and psychology. However, the comparative advantages that underlie patterns of trade are not solely a function of Presidential leadership or public policy. They depend on big factors such as technological evolution, demographics/workforce productivity, etc., that are largely outside the ability of the President or public policy to truly influence. Policy investments that could yield dividends down the road would concern dramatic improvements in the nation's education system, a credible energy policy that creates incentives for the nation to become a leader in emerging energy sources, etc. A transformational leader could increase prospects for such policy approaches. Unfortunately, such leaders are not common. Few leaders have the capability to truly align public support to the extent that FDR, JFK, and Reagan did. IMO, neither the President nor the Congressional leaders (Reid, McConnell, Boehner, Pelosi) fit the bill of transformational leaders. Amidst the current Republican field, it does not appear that there are any transformational leaders, either. At the State level, it is too early to tell, but both Governor Cuomo and Governor Christie have displayed some traits of transformational leadership, but their tenure to date is too short to draw any firm conclusions as to whether they actually are transformational leaders.