The Donald Trump Thread

https://www.washingtonpost.com/business/economy/trump-signs-order-to-begin-rolling-back-wall-street-regulations/2017/02/03/650668d8-ea30-11e6-80c2-30e57e57e05d_story.html?hpid=hp_hp-top-table-main_doddfrank-640pm:homepage/story

Getting rid of Dodd-Frank,you know, that regulation that was put in place because of the feckless and unscrupulous lending policies of the banks, the ultimate globalist swine who helped fuck up the economy so badly almost a decade ago.
Exactly. I was just writing this as you posted...

Trump sold himself as the people’s champion against Wall Street. Now he’s rolled back Obama’s regulations put in motion to prevent another financial crisis like 2008.
 
Two weeks in, and he's blown it... lol... so much crap in that article I gave up after a few paragraphs... and they wanted me to pay 7.99 a month for impartial reporting, what a joke.

Where do you disagree with the article?
 
Where do you disagree with the article?

Where it says it's a ban on muslims...

Where they claim he's blown it in two weeks...

Trumps appears to be a good businessman, if you understand him as such, his actions as president are perfectly predictable... everything he's done so far as regards foreign policy is perfectly OK to me, it's both logical and predictable, if you understand he's just a straightforward businessman.
 
Trumps appears to be a good businessman, if you understand him as such, his actions as president are perfectly predictable... everything he's done so far as regards foreign policy is perfectly OK to me, it's both logical and predictable, if you understand he's just a straightforward businessman.

I read you are in business, Max. I was, too. How do you imagine our clients and suppliers would respond to us if we negotiated the Trump way, "Just to let you know, before we begin, it's me first, me first ... oh, and did you know how successful I am." In a long career I have met one or two a little like that (perhaps 25% Trump, haha) and their success was well and truly proscribed by their attitude.

The only way a zero sum game works is if you are a bully. Bullies, thankfully, tend to have a limited shelf life. Oh, and I am an Australian, too, and after this week's revelations give Trump our famous single finger salute!
 
Where it says it's a ban on muslims...

Where they claim he's blown it in two weeks...

Trumps appears to be a good businessman, if you understand him as such, his actions as president are perfectly predictable... everything he's done so far as regards foreign policy is perfectly OK to me, it's both logical and predictable, if you understand he's just a straightforward businessman.

I hardly think a man required constant bail outs from his father, and made loses on a casino is the sign of a good business.


His foreign policy has also managed to alienate a number of his allies. The travel ban was signed without any consultation with the various defence depts. The head of the state department only found out when he saw Trump sign it on TV. It is also utterly illogical, as the states that it applies to have not produced any terrorist attacks against the US. If he'd picked the Saudis, I'd understand a bit more.
 
I hardly think a man required constant bail outs from his father, and made loses on a casino is the sign of a good business.


His foreign policy has also managed to alienate a number of his allies. The travel ban was signed without any consultation with the various defence depts. The head of the state department only found out when he saw Trump sign it on TV. It is also utterly illogical, as the states that it applies to have not produced any terrorist attacks against the US. If he'd picked the Saudis, I'd understand a bit more.

I don't accept any of that, you need to broaden your sources of news.
 
I read you are in business, Max. I was, too. How do you imagine our clients and suppliers would respond to us if we negotiated the Trump way, "Just to let you know, before we begin, it's me first, me first ... oh, and did you know how successful I am." In a long career I have met one or two a little like that (perhaps 25% Trump, haha) and their success was well and truly proscribed by their attitude.

The only way a zero sum game works is if you are a bully. Bullies, thankfully, tend to have a limited shelf life. Oh, and I am an Australian, too, and after this week's revelations give Trump our famous single finger salute!

I deal with plenty of business people, and most are pretty damn poor...
 
http://www.independent.co.uk/news/w...orrow-money-a7562636.html?cmpid=facebook-post

Hahahaha, he's even admitting it's to benefit his mates. Drain the swamp. Looool.

You don't have to be rich to be affected by the regulations. I recently got a home improvement loan and the local banker was complaining to me about all the unnecessary hoops she has to jump through now that merely make it more of a hassle and more time consuming for her.

What pulled us back from the brink was not new regulations, but trillions of liquidity handed to the banks. A few new rules were added so the congressmen could act like they were being tough on banks while giving the banks trillions of dollars in handouts.

The biggest causes of the 2008 crisis were loose Fed policy, the repeal of Glass-Steagal, and derivatives.

Trump has said the repeal of Glass-Steagal was a mistake and that it needs to be reinstated. He's also reportedly interested in a gold backed currency which would handcuff or eliminate the Fed.
 
From qz.com -

Phil Angelides was chairman of the Financial Crisis Inquiry Commission from 2009 to 2011, created by the US Congress to investigate the causes of the crisis. Angelides got to see the impacts up close: He oversaw 700 witness testimonies and public hearings from Miami to Sacramento, while interviewing banks and regulators. Dodd-Frank was passed while he was on the job. He said yesterday that Trump’s plans to pull it apart were “insane.” Here is his full statement:

"In the wake of the financial crisis, millions of families lost their homes. Millions of people lost their jobs. The economy was wrecked and communities across the country were devastated. Big Wall Street banks admitted wrongdoing and paid tens of billions of dollars in fines. And now, with bankers at his side, President Trump begins to rip apart protections put in place to protect America’s families and our economy. Insane."
 
NYT editorial:

Diluting or repealing Dodd-Frank would be a grave setback. It would reassert the deregulatory sentiment that preceded and precipitated the financial booms and busts of recent decades, including the dot.com bust of the early 2000s and the mortgage bust that preceded the bank bailouts of 2008. Recession was a feature of both calamities. In each case, jobs, wages and wealth took hits from which many American workers have been unable to fully recover while those at the apex of income and wealth emerged even richer.

The Dodd-Frank Act has imposed rules and regulations on what had become a largely deregulated financial system. The law’s overarching aim is to protect workers and consumers by countering the financial speculation, reckless lending and price gouging that inflate bubbles. By design, such rules make it harder for banks to make money, which is why bankers have fought so hard to weaken and repeal Dodd-Frank.

Until Mr. Trump, however, their rollback efforts were of limited success. Under Dodd-Frank, the financial system has become more stable and more responsive to human and economic needs.

Mr. Trump either does not understand or does not care that rolling back Dodd-Frank will undercut his pledge — and his opportunity — to fully revive the job market. History has affirmed that bolstered economic activity in the wake of major financial deregulation is a prelude to disaster for anyone whose economic well-being depends on jobs, wages and salary. Which means most Americans.

Mr. Trump may believe that ending Dodd-Frank will lead to more jobs by making it easier for businesses to get loans. But even if looser credit would help hiring — a very big if — the main problem in the job market today is not too few jobs, but wages that have been too low for too long. A rollback of Dodd Frank will not help that, and will hurt by forfeiting the stability that has helped the economy come this far.
 
From qz.com -

Phil Angelides was chairman of the Financial Crisis Inquiry Commission from 2009 to 2011, created by the US Congress to investigate the causes of the crisis. Angelides got to see the impacts up close: He oversaw 700 witness testimonies and public hearings from Miami to Sacramento, while interviewing banks and regulators. Dodd-Frank was passed while he was on the job. He said yesterday that Trump’s plans to pull it apart were “insane.” Here is his full statement:

"In the wake of the financial crisis, millions of families lost their homes. Millions of people lost their jobs. The economy was wrecked and communities across the country were devastated. Big Wall Street banks admitted wrongdoing and paid tens of billions of dollars in fines. And now, with bankers at his side, President Trump begins to rip apart protections put in place to protect America’s families and our economy. Insane."

Another unintended side to Dodds Frank...

https://www.genfkd.org/is-the-dodd-frank-act-solving-or-causing-problems
 
The sources don't matter...

I disagree.

what matters is that you also seek out, and honestly engage with opposite views of the argument, with a willingness to let your opinion of the the matter be changed by what you find out.

Yes, being able to come to your own conclusions based on an honest reflection of varying opinions and information is a skill we can all hope that the population develops.

Often you find the issue is actually quite grey.

True, but grey is often no less deserving of criticism than black or white.
 
Charles Sykes:
At an event marking Black History Month last week, the president took a detour from a discussion of Frederick Douglass — he described the abolitionist as “an example of somebody who’s done an amazing job and is being recognized more and more” — to talk about the press. “A lot of the media is actually the opposition party — they’re so biased,” he said. “So much of the media is the opposition party and knowingly saying incorrect things.”

Mr. Trump understands that attacking the media is the reddest of meat for his base, which has been conditioned to reject reporting from news sites outside of the conservative media ecosystem.

For years, as a conservative radio talk show host, I played a role in that conditioning by hammering the mainstream media for its bias and double standards. But the price turned out to be far higher than I imagined. The cumulative effect of the attacks was to delegitimize those outlets and essentially destroy much of the right’s immunity to false information. We thought we were creating a savvier, more skeptical audience. Instead, we opened the door for President Trump, who found an audience that could be easily misled.

The news media’s spectacular failure to get the election right has made it only easier for many conservatives to ignore anything that happens outside the right’s bubble and for the Trump White House to fabricate facts with little fear of alienating its base.

Unfortunately, that also means that the more the fact-based media tries to debunk the president’s falsehoods, the further it will entrench the battle lines. (...)

(A)s George Orwell said: “The very concept of objective truth is fading out of the world. Lies will pass into history.” But Ms. Hughes’s comment was perhaps unintentionally insightful. Mr. Trump and company seem to be betting that much of the electorate will not care if the president tells demonstrable lies, and will pick and choose whatever “alternative facts” confirm their views.

The next few years will be a test of that thesis.

In the meantime, we must recognize the magnitude of the challenge. If we want to restore respect for facts and break through the intellectual ghettos on both the right and left, the mainstream media will have to be aggressive without being hysterical and adversarial without being unduly oppositional.

Perhaps just as important, it will be incumbent on conservative media outlets to push back as well. Conservatism should be a reality-based philosophy, and the movement will be better off if it recognizes that facts really do matter. There may be short-term advantages to running headlines about millions of illegal immigrants voting or secret United Nations plots to steal your guns, but the longer the right enables such fabrications, the weaker it will be in the long run. As uncomfortable as it may be, it will fall to the conservative media to police its worst actors.

The conservative media ecosystem — like the rest of us — has to recognize how critical, but also how fragile, credibility is in the Orwellian age of Donald Trump.
 
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