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Trump To Tear Apart Dodd-Frank

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Elizabeth Warren, Facebook

President Donald Trump said Tuesday that he wants to tear apart the onerous regulations imposed by Barack Obama and Elizabeth Warren’s Dodd-Frank Act.

CNBC reports:

“For the bankers in the room, they’ll be very happy because we’re really doing a major streamlining and, perhaps, elimination, and replacing it with something else,” Trump said on Tuesday.

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“That will be the minimum. But we’re doing a major elimination of the horrendous Dodd-Frank regulations, keeping some obviously, but getting rid of many.”

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The Dodd-Frank Act of 2009 — passed during that term’s Democratic supermajority — imposed stifling regulations on the banking sector, which economists believe had catastrophic effects on the American economy. In particular, regulations imposed on small banks forced account holders to seek out bigger banks, which only increased the big banks’ stature and portfolio. Additionally, big banks were unable to give out the kinds of concessions that account holders normally expected.

It’s possible that Dodd-Frank could be repealed through Congress, but even if it’s not the Trump administration can still break it apart through various smaller regulatory-reform bills and executive actions.

The sluggish Obama economy — marked by that president’s failure to increase exports or to re-invigorate the small business sector — has given way to a newfound Trump recovery. The Trump White House Tuesday touted the president’s Strategic and Policy CEO Forum with top business leaders.

Congress

Sen. Josh Hawley Folds? Blames Trump for ‘Inflammatory, Irresponsible, Wrong’ Comments

Hawley is no leader.

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Sen. Josh Hawley (R-MO) has been criticized for leading the GOP’s electoral college objection amidst widespread allegations of voter fraud, and he has responded by throwing former President Donald Trump under the bus.

Hawley issued a statement to oppose the impeachment of Trump following the conclusion of his presidency, which is unprecedented and unlawful, in which he threw Trump under the bus and essentially blamed him for the violence in the U.S. Capitol on Jan. 6.

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In the aftermath of the violence, many left-wing voices accused Hawley of sedition and treason for asking for an investigation into a laundry list of irregularities that have been widely ignored by authorities.

There have even been calls by Democrats to revoke the will of the people by ejecting Hawley from office in order to punish him for drawing attention to voter fraud, as Big League Politics has reported:

Conventional wisdom can often be misleading and at times dangerous if we believe in it too strongly.

Take for example West Virginia Senator Joe Manchin. He is constantly marketed as the Democrats’ most moderate Senator. There is a grain of truth to this. Manchin has publicly stated that he opposes ending the filibuster and has also poured cold water on $2,000 stimulus checks. But that’s where the moderation ends.

Manchin is now saying that the Senate should entertain the idea of expelling Senators Josh Hawley (R-MO) and Ted Cruz (R-TX) by using the 14th Amendment over their recent decision to challenge the Electoral College results.

On PBS’s Firing Line, Manchin said the Senate should look into the option after right-wing activists stormed the Capitol on January 6, 2021. Manchin is of the opinion that President Donald Trump and Senators like Hawley and Cruz “incited” these demonstrators.

“That should be a consideration,” Manchin stated. “He understands that. Ted’s a very bright individual, and I get along fine with Ted, but what he did was totally outside of the realm of our responsibilities or our privileges.”

According to the 14th Amendment, no elected official “shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.”

Hyped up leftist pundits believe that the 14th amendment is applicable to Cruz and Hawley due to how they allegedly “incited” the riot by talking about electoral fraud and pointing out electoral irregularities.

Hawley finally caved under the pressure, and he has shown he is not the man to take the reigns to lead the America First movement after Trump.

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