If the 2016 election was a national litmus test to see just how many suckers live in this country, the next round of President Trump’s executive orders are going to make sure those millions of suckers are taken for every last penny.
Trump is poised today to sign a pair of orders that are being sold to the public as attempts to untangle cumbersome financial regulations that make it more difficult for people to do business and invest freely. They’re going to give consumers the freedom to invest as they choose, and bankers the freedom to make money without being told by an overbearing government what they can and can’t do. There’s no downside; it’s freedom.
If you buy that, I’ve got a Trump University diploma to sell you.
One of Trump’s two executive orders today calls for a review of Dodd-Frank Law, a rule that was put in place in the thick of the recession of the aughts. It was supposed to be the law that represented the lessons we’d learned from the 2008-2009 financial crash. Lessons, one would hope, that would have lasted more than the average run of a successful sitcom.