Trump is leading the nation into another financial crash

Donald Trump has ordered a rollback of regulations over Wall Street, including the Dodd-Frank Act, passed in 2010 to prevent another too-big-to-fail banking crisis.

Perhaps Trump thinks that we’ve forgotten what happened when Wall Street turned the economy into a giant casino, and then – when its bets went sour in 2008 – needed a giant taxpayer funded bailout.

Maybe Trump thinks Americans forget losing their jobs, homes, and savings in the fallout.

Many people who voted for Trump got shafted. I hope they haven’t forgotten that while they suffered, not a single bank executive went to jail.

Trump supporters need to join with Democrats and progressives in stopping this rollback, and holding Trump accountable.

The biggest banks are far bigger today than they were in 2008. Then, the five largest had 25 percent of U.S. banking assets. Today they have 44 percent.

If they were too big to fail then, they’re too big period now.

Getting rid of Dodd-Frank triples the odds of another financial crisis.

Meanwhile, Trump has brought more banksters into his administration than any in any previous administration – mostly, from Goldman Sachs.

The head of Trump’s economic council is Gary Cohn who was president of Goldman Sachs. Other Goldman alumni include Trump’s right hand man, Steve Bannon, Trump’s pick for Treasury, Steve Mnuchin, Trump’s pick for the securities and exchange commission, Jay Clayton and another White House advisor, Dina Powell.

Now remember, a decade ago, Goldman Sachs defrauded investors and ripped off its customers and it’s paid nearly $9 billion in government fines.

Many of Trump’s banksters were there at that time.

Don’t let Trump and the Republicans endanger our economy again. Let’s not make the same mistake twice.

Trump — clueless and ignorant as usual — is causing Republicans serious problems, probably leading to defeat

(CNN)   Republicans leaders are once again scrambling to take a vote this week to repeal Obamacare, with a whip count that remains precariously close.

Amid the frenzy, there are grumblings directed at the White House: President Donald Trump simply isn’t helping.
Trump, who as a presidential candidate campaigned on gutting the Affordable Care Act, has continued to add confusion to an already chaotic process with seemingly out-of-left-field comments about health care. His public remarks about protections for people with pre-existing conditions, in particular, have raised eyebrows on Capitol Hill.
“Pre-existing conditions are in the bill. And I mandate it. I said, ‘Has to be,'” Trump said on CBS’s “Face the Nation” Sunday.
In another interview with Bloomberg, Trump went as far as to claim that the GOP legislation “will be every bit as good on pre-existing conditions as Obamacare.”
Those promises are squarely in tension with what health care experts say about the GOP proposal: insurers would be able to charge people with pre-existing conditions more for coverage, while states will be able to opt out of covering so-called “essential health benefits” mandated under Obamacare.
One key Republican source close to the health care process told CNN Tuesday morning that Trump’s comments about pre-existing conditions caused “confusion” among GOP members.
“We knew what he meant,” the source said. “But the uncertainty isn’t helpful.”
Meanwhile, the White House has continued to get ahead of GOP lawmakers on the timing of a potential vote.
The White House forcefully pushed for a health care vote before Trump’s 100-day mark in office last week. By the end of the week, GOP leaders had to acknowledge that the votes were once again not there.
This week, the pressure is once again coming from 1600 Pennsylvania Ave.
Vice President Mike Pence is once again leading outreach efforts on the Hill. One senior administration official said they are hoping for a Thursday vote, and that they should know by the end of Tuesday whether that is possible.
A Republican close to the health care talks said Health and Human Services Secretary Tom Price has been fielding calls from GOP lawmakers who have specific questions about the bill and what it means for their districts.
“The President can’t do this,” this Republican said. “This is fine print time.”
For his part, Trump expressed optimism — and again injected a sense of urgency — in remarks at the Rose Garden Tuesday afternoon.
“How’s health care coming, folks? How’s it going? Alright, we’re moving along?” Trump said. “I think it’s time, now. Right?”

Trump and Republicans in a real trap over “repeal and replace”

If their latest Obamacare repeal efforts fail, Republicans really have only a few options. And each means political peril for President Donald Trump and Republican congressional leaders.

First, they could keep negotiating with themselves on a repeal and replacement bill, but the difficulties this week make it increasingly clear just how hard it is to write legislation that would bring together a coalition of Freedom Caucus conservatives and moderates in politically vulnerable districts.

Alternatively, they could use executive powers to starve Obamacare by denying funding, while pushing regulatory buttons that unravel it. People would lose coverage, and the whole thing could collapse.

The other option is a more modest “repair” bill that keeps the foundation of Obamacare — such as the online marketplaces, the subsidies and Medicaid expansion — while addressing weaker parts of the law. That effort might even attract some Democrats, but it would be politically risky for a Republican Congress — and president — who campaigned for four election cycles on repealing Obamacare.

None of these options are great for Republicans politically, which is why Congress remains tied up in knots over how to fulfill one of Republicans’ biggest promises.

Isn’t that a shame?  For seven years, Republicans raved about repealing the Affordable Care Act, knowing President Obama would veto any such attempt . . . so, they were safe.  Now that they control the Congress and the White House, they find that maybe “repeal and replace” was a stupid idea from the start.  They deserve everything that’s happening to them.

Trump personally led the witch hunt to find the Park Service employee who released photos of the small crowd at his inauguration

Newly released internal emails from the National Park Service show President Donald Trump got, “directly involved” in the NPS investigation into the source of a tweet with unflattering crowd sizes on Inauguration Day.

CBS News reports that, “after the retweet and ensuing news coverage of its deletion, the size of the crowd at the inauguration became one of the dominant news stories of Mr. Trump’s first days in office.”

The controversy began with an Inauguration Day retweet — from the official NPS twitter account — of a crowd comparison with Barack Obama’s 2009 swearing-in. The initial tweet came from New York Times correspondent Binyamin Appelbaum:

 

Now, 995 pages of government documents released in response to a Freedom of Information Act request show the direct involvement of Trump.

Previously, the Washington Post reported that NPS director Michael T. Reynolds was pressured the morning after the inauguration to produce photos substantiating the President’s claims of a million to a million and a half in attendance. “Experts, however, have estimated that the 2017 turnout was no more than a third the size of Obama’s eight years earlier.”

Four days after the NPS twitter account posted evidence documenting Trump’s small turnout, the Badlands National Park twitter account became an internet sensation after tweeting on Climate Change.

The White House ignored CBS News’ request for comment on Trump’s involvement.

Hmmm.  Does anyone remember the movie “The Caine Mutinty” — Captain Queeg’s search for the crew member who ate the strawberries?  Trump is insane.

Captain Queeg: Ahh, but the strawberries that’s… that’s where I had them. They laughed at me and made jokes but I proved beyond the shadow of a doubt and with… geometric logic… that a duplicate key to the wardroom icebox DID exist, and I’d have produced that key if they hadn’t of pulled the Caine out of action. I, I, I know now they were only trying to protect some fellow officers…

Jared Kushner learned a lot from his father-in-law: Kushner did not reveal his business ties and his $1 BILLION in debt

Jared Kushner didn’t disclose his business ties with George Soros, Peter Thiel, and Goldman Sachs, or that he owes $1 billion in loans, The Wall Street Journal reported on Tuesday.

The top White House adviser and son-in-law of Trump failed to identify his part ownership of Cadre, a real-estate startup he founded, which links him to the Goldman Sachs Group and the mega-investors George Soros and Peter Thiel, sources told The Journal.

Business Insider first reported on Kushner’s involvement with Cadre last June. Here’s more about what Cadre is.

Jamie Gorelick, an attorney for Kushner, told The Journal in a statement that Cadre was part of BFPS Ventures LLC, a company Kushner owns and identified in his government financial-disclosure forms.

Gorelick also said a revised version of Kushner’s form that includes Cadre would be made available once ethics officials have looked at it.

Kushner also failed to identify debt of more than $1 billion from 20 lenders and personal guarantees to pay more than $300 million of that, according to The Journal.

While Gorelick called revisions to the disclosure “very normal,” ethics experts told The Journal that the loans and guarantees should be disclosed so officials could decide whether Kushner needs to recuse himself from issues that involve his lenders. Investment in startups like Cadre should definitely be disclosed, experts said.

“Anything that presents a potential for the conflict of interest should be disclosed so that the public and the press can monitor this,” Trevor Potter, a former chairman of the Federal Election Commission, told The Journal.

A source told The Journal that Kushner planned to recuse himself from anything that concerned Deutsche Bank or RBS, two lenders that have given him money for his properties or companies and to which he has provided personal guarantees on loans.

He still owes money to Bank of America, Blackstone Group, Citigroup, UBS, Deutsche Bank, and RBS, all of which were not disclosed, according to The Journal.

The Art of the Deal

TRUMP (May 1, 2017): I would’ve used my deal-making skills to prevent the Civil War

TRUMP (May 2, 2017): I can’t get anything through a GOP Congress

Make up your mind, you moron.

Senior Capitol Hill Republicans befuddled by Trump’s raving . . . “He just seemed to go crazy!!”

Senior Republican aides confided this week that President Donald Trump’s puzzling statements over the last few days have left them confused.

According to Politico, GOP aides on Capitol Hill and at the White House have been unable to explain why Trump unleashed a string of baffling claims over a 24-hour period in interviews with Bloomberg, CBS News and SiriusXM radio.

The president claimed that President Andrew Jackson was very angry about the Civil War and could have prevented it, even though Jackson died 16 years prior. Trump said that he was considering breaking up the banks and establishing a gas tax. He said that he would be “honored” to meet with North Korea dictator Kim Jong-Un, and then said that “nobody’s safe” from North Korea’s nuclear weapons. And to top things off, Trump praised the high approval ratings of Philippines strongman President Rodrigo Duterte.

Politico reported that White House officials insisted there was “no broader strategy” for scheduling the interviews.

“They were not helpful to us,” a senior administration official explained. “There was no point to do all of them.”

Republicans on Capitol Hill, however, were dumbfounded.

“I have no idea what they view as a successful media hit,” one GOP consultant told Politico.

“He just seemed to go crazy today,” a GOP aide lamented.