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'Spectacular Betrayal' as Trump Hands Economy 'Back Over to Wall Street''The Wall Street bankers against whom Trump ran are making policy now,' says Public Citizen
by Deirdre Fulton, staff writer
President Donald Trump is handing the U.S. economy "back over to Wall Street" on Friday, with a regulatory rollback that critics say could put consumers and the financial system at risk.
"The Wall Street bankers against whom Trump ran are making policy now," said Robert Weissman, president of watchdog group Public Citizen.
"The worst job-destroying economic crisis since the Great Depression was directly caused by deregulation and regulatory failure," he said. "Now the president who ran on a jobs-creation platform announces that he aims to slash the modest measures put in place to prevent a recurrence of the crisis.
If Trump succeeds in rolling back Dodd-Frank rules he will rush the country straightforward into another job-killing financial crisis. This may be the most spectacular betrayal yet by the president of his voters, as he shunts aside their concerns and pushes forward the agenda of his cronies and the well-connected."
http://www.commondreams.org/news/2017/02/03/spectacular-betrayal-trump-hands-economy-back-over-wall-street
spanone
(135,902 posts)nobody knows what he's going to do on any given policy.
he scammed netanyahu on new settlements....
it's the art of the scam
workinclasszero
(28,270 posts)Like a damn republican is going to give a shit about the working class!
What.the.actual.FUCK!?
TeamPooka
(24,264 posts)global1
(25,285 posts)unblock
(52,387 posts)hillary gave a speech to goldman sachs. bad. very bad.
so corrupt. the worst.
so i appointed *five* of those same people to my cabinet. the best. making america great again.
world wide wally
(21,757 posts)workinclasszero
(28,270 posts)Which is well on the way. Iran is first up to bat followed by China.
Yes we are fucked.
Wounded Bear
(58,750 posts)I expect a stock market debacle very soon. It's like they were pissed that Bush bailed them out and they didn't get their REAL depression in '08.
red dog 1
(27,875 posts)"IF Trump succeeds in rolling back Dodd-Frank??
The GOP controls both houses of Congress; so Dems won't be able to stop the bastard from doing ANYTHING!
As usual, whatever Trump wants..he gets...period!
azmom
(5,208 posts)calimary
(81,527 posts)Would think of an article like this? They'll probably never read it. They'll probably keep on believing that Hillary was the Wall Street loyalist who'd do this kind of thing. Man they sure swallowed a load of shit! Wonder if any of them have noticed, yet?
Their precious trump has more Wall Streeters surrounding him than any other recent presidents did, that I can think of. I think trump's even topped reagan in that.
workinclasszero
(28,270 posts)Till the stock market blows up and the Great Depression 2 gets going.
Then they will blame it on PoC and the Democratic party, which the braindead assholes will believe because they want to believe that.