Can a person who is an NPD Narcissist really understand what the average person is going through in these trying times. Can he have empathy or is it fake empathy just to gain more admiration and praise he desperately needs? Can a person who has never ran anything other than a family owned kingdom actually know what to do in a massive public sector job? Those are the questions of today. One of those critical factors is consumer protection vs. corporate free will.
On Friday, the Trump administration rolled out new executive actions, this time calling for a review of the Dodd-Frank financial reform law signed by President Obama. The Labor Department will also have to consider whether a new fiduciary rule Obama put in motion, to be enacted this April, should be rethought or scrapped.
But after the financial industry nearly destroyed the economy in 2008, who on Earth would view deregulating the financial industry as a good idea?
The answer is obvious: the financial industry, of course. The more they’re deregulated, the more they profit — the rest of us be damned.
Republicans don’t like “big government” solutions. No Keynesian stimulus to help the economy, and less welfare aid and direct job creation to help the poor. Nor do they want to make Social Security more generous to help retirees.
They want the private financial industry to solve all these problems instead.
Since it has been more than eight years I suspect that there are some children around who don’t remember the near meltdown of our economic system due to deregulating of the finance sector. Our entire auto industry which is the backbone of what remains of the manufacturing sector was headed for bankruptcy. I think most of us remember those times and the causes for them.
Safeguard laws under the name of Dodd-Frank were instituted by congress to prevent future catastrophes. Now that the is a billionaire in the Oval Office he wants to get rid of those stifling rules that prevents those like him from getting richer faster. If he really was looking after the “little guy” he would be trying like another GOP rebel Teddy Roosevelt finding any loopholes in the existing laws that should be closed. Instead he is doing everything possible to scrap any safeguards now in place.
I am praying that the Republican congress does not allow him to put us back in immenient harms way by undoing their prevention measures. I am hoping and even praying that at least “they” have a sense of public good in their hearts. I doubt this type of resistance will come from Mr. Ryan but maybe those in the ranks will come forward. It can’t be all about the filthy rich getting richer.. It just can’t….