Trump to Sign Order Dismantling Wall Street Regulation

[Orbitus]

America is a bit weird when it comes to political parties for the poorer people. Democrats are stronger on social policy, and friendlier to minorities. So they get some of the poor vote.

However Republicans are more strongly associated with conservative christian values, so even though they're really the party of the rich, they're also very popular with the bible belt states etc.

Also there's some weird fear that democrats are going to steal everyone's guns, and America loves their guns (not all Americans obviously, but in general).

The whole fear of Democrats stealing everyone's guns is what we like to call "bullshit". Because Democrats like hunting and guns as much as any of the sane Republicans. You have those crazy ones like Alex Jones that probably have a prepping bunker full of guns and ammo because someone mentioned that we might trim down on ammo clips.

[Somewhatconcerned]

Wait, so financial advisors don't have to work in their client's best interest??

How is this justified?

[Espe]

Trump packed his team with Goldman Sachs bankers. And the deplorables still defended him.

Now he's going to do exactly what Goldman Sachs wants: to gut Wall Street regulation, scrap the fiduciary rule so that financial advisers don't have to work in the best interests of their clients, and gut the CFPB which has caught banks and other financial institutions, like Wells Fargo, ripping off their customers in illegal scams.

What a lying hypocrite and fake populist.

And what's even more funny is how hard these idiot Trumpsters, who still defend him, got conned. Who's the cuck now?

Source:


Oh and btw, Dodd-Frank can't be repealed so these giveaways to Wall Street will simply be reversed by the next Democratic president. You know, from the party that actually helps working people, rather than the GOP, the party of Wall Street, trickle-down economics and conning white working class dupes.

Jesus fucking christ.

This is really where our country is at in 2017?

[Orbitus]

Shovel ready jobs and stimulus worked out so great the last $1 trillion dollar try we gave it.

How much money went to fraud, went to unions, went to tax cheats, went to just paying down State debts?

Tax hikes on the rich mean the rich just leave; see California and France.

And more healthcare subsidies means more things that cant be paid for even after the wealth redistribution that claims to be the way its funded.

And nobody is being conned these are the things these Reps were put into office to do.

You mean the stimulus that was in every sense of the word, a SUCCESS?
https://www.washingtonpost.com/blogs...=.e878cc38152d
https://www.brookings.edu/opinions/t...the-recession/

Tax hikes on the rich don't cause them to leave, because if they leave, they go to a country that either makes them pay MORE than they do now or they live in a country that is so dangerous they wouldn't live long.

Without some form of healthcare subsidies, be it increased form of the ACA or single payer, means that healthcare costs are going to skyrocket when Trump repeals the ACA.

And yeah, a lot of people were conned when they voted for Trump. Because they voted for him based on lies. Which is why they have that Trump Regrets twitter feed.

[Deleted]

By the end of Trumps term, you will have regretted voting for him a thousand times, I promise you that.

You're underestimating the power of cognitive dissonance

[Draco-Onis]

Wait, so financial advisors don't have to work in their client's best interest??

How is this justified?

It's a "job killing" regulation

But seriously though companies like Goldman Sachs have been dying to get rid of this rule because it stops them from screwing their clients like they did on a regular basis especially during the financial crisis.

[Caifas]

To flesh this out just a bit, not to further the erroneous argument of the person you were quoting, but since you seemed genuinely curious: The poorest people in the country get two options when it comes to political parties.

1) The Republicans, who will continually ignore and marginalize the poor as stupid, lazy, hopeless slack-asses, all of whom should just try to work harder and they'll "get what they deserve". The popular term for this in 2012 was "Takers". This terminology almost exclusively refers to non-White people. White people in this same position are essentially intellectual prey for the Republicans, who will continually prey on their ignorance, fear, xenophobia, and general discount, whip these people into a frenzy, and tell them that the Democrats are responsible for their current lot in life. If they would only vote in the Republicans, high-paying jobs will fall from the sky, minorities will cease to threaten them, homosexuals will slide merrily back into the closet, and life as they knew it from 1000-1959 will return. They never stop to realize that 9 times out of 10, it's these same Republican politicians that they so ignorantly support are not the ones doing anything to better these peoples lots in life.

2) The Democrats, who cater primarily to the two extremes of America: the socially conscious rich, and the hopeful poor. Very often they overlook the middle of the country (both figuratively and literally), which is why you so often see them as the minority in the government, despite a seeming numerical majority (see: 2.8 million more people voting for Clinton instead of Trump). The Democrats have a vested interest in keeping the hopeful poor both hopeful and poor. It's a constituency they take for granted, assuming that disenfranchised black and latino voters in impoverished areas won't bite the hand that feeds them, by which I mean the group that helps push for government programs to help these people maintain something resembling a comfortable, meaningful life. Where Democrats fail, is that they rarely stand up and demand credit for what they've pushed for over the years that HAS been popular and successful in the US: Social Security, Medicare, Equal Rights. And as a result their well-meaning efforts to expand these programs to help the people that need them the most are often unsuccessful, or are so carefully gutted by Republicans and/or special interest groups/corporate interests, that they often don't go far enough or are otherwise weak in their overall effectiveness (see: Obamacare vs. a true single payer system like many European countries successfully run). Also, if these people were suddenly to come into higher-paying jobs, better lives, they might no longer vote Democratic, because they'd no longer be at one of the extremes, they'd be in the middle where the Republicans hunt. I refer you to the Republican section above.

- in a tl;dr fashion, it's the functional difference in how the two parties would approach a man drowning at sea. The Republicans would sail on by, assuming the man got into that situation because he didn't work hard enough to get as good a boat as they did. The Democrats would happily offer the man a life preserver, but they don't help him actually get out of the water and safely back to land because when he got there he might not support them anymore.

Makes sense, according to what I already knew. Whenever I read about what the American Congress is voting on, it always felt like Republicans were ignoring the lower classes for the sake of powerful interests. But Democrats always seem very...pandering. And they are terrible at branding themselves.

Your post was very interesting, thank you.

[Deleted]

I can name some things Democrats have done too.

They opposed the abolition of slavery, they opposed civil rights, they founded the KKK.

Modern era credits include: SJWism, the permanent underclass, BLM, ISIS, $16 trillion in debt.

And lets pop back on topic and consider Wall Street.

Do you know what Obama was doing during the sub-prime crisis? ..or after?

Well republicans are responsible for Conflict diamonds in west Africa, paedophilia cover-up in the catholic church, the spread of AIDS in the US, the crash of the housing market 2007 and internet racism.

[Deleted]

Well republicans are responsible for Conflict diamonds in west Africa, paedophilia cover-up in the catholic church, the spread of AIDS in the US, the crash of the housing market 2007 and internet racism.

that would be homosexuals

[Bodakane]

LoLz.

Were you even aware of how much money flowed from Wall Street to Hillary Clinton's campaign?

Were you even aware that inside speculations expected this very order to be part of her 100 day plan too?

Ha, "helps working people", ha!

Talk about lolz.

[Orbitus]

that would be homosexuals

Guess you don't understand that Reagan didn't help stem the tide of AIDS when it was a rising epidemic under his administration? Just add that to the ever growing list of things you don't know what you are talking about.

[TwistedSkull]

So much for draining the swamp...

[Bakis]

Trumps is like watching a trainwreck in slowmotion except its not slowmo. Goto hand it to the retard he do work fast now in the beginning.

[NED funded]

I really want to see whats the argument for letting advisors do as they want, instead of workkng in your best interest.

[Somewhatconcerned]

Again, someone explain why removing the rule of having financial advisors work in their client's best interest is a wise move.

Oh those poor financial advisors...they must barely be scraping by....

[Jaese]

The Trumpers in this thread are funny. Can only levy claims with no evidence that are rebutted with simple common sense.

When your rust belt jobs don't come back and coal continues to stay dead, you'll come around...hopefully. Because otherwise, you keep voting against your best interests with the GOP.

[Barnabas]

Trump voters are like beaten housewives. They just love the banks pounding them.

Or you will be in a position to make more money?

[Somewhatconcerned]

The Trumpers in this thread are funny. Can only levy claims with no evidence that are rebutted with simple common sense.

When your rust belt jobs don't come back and coal continues to stay dead, you'll come around...hopefully. Because otherwise, you keep voting against your best interests with the GOP.

Coal should stay dead. Dying industry that hurts the health of people and our lands.

Guess what, industries change with the times. Get a better job/education/pull yourself up by your bootstraps, etc. At least that's what the GOP always says, right? I don't know why we are being forced to feign interest in a dying field.

[Deleted]

that would be homosexuals

Or Reagan lol

[Kalador]

don't worry it's all about that sweet Trickle-down effect... When they the next economical crisis happen, don't worry, you know who will have to pay for it while they give themselves million's in bonus....