Dodd-Frank Act

Donald Trump Declares Trade “War” On European Union, Canada, Mexico: Suicidal For Consumers, Workers, Corporations

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Donald Trump has declared a trade “war” on the 28 nations of the European Union, as well as Canada and Mexico.

This protectionist binge will be suicidal for consumers, workers, and corporations.

It will cause rapidly rising inflation in consumer prices; loss of employment in many industries and agriculture; and add billions of dollars in costs to corporations, which will lead to price increases and worker layoffs.

Along with the massive backtracking on the Dodd-Frank Act regulating Wall Street banks after the Great Recession of 2007-2009, it will bring about another Great Recession in the next year, and possibly worse, a return of the conditions of 1929 under Herbert Hoover, leading to the Smoot-Hawley Tariff of 1930, and a great worsening of the Great Depression that affected America for an entire decade.

It will also cause the NATO alliance to fray at its edges, as the European allies, and particularly the major ones–Great Britain, France, Germany–will retaliate against the nation that they used to look to as their leader.

And our relations with our neighbors–Canada and Mexico–will be the worst in a century, and undermine global security and stability.

And the Republican Party, while complaining privately, will show no ability to stand up to Donald Trump, and fight him, and their party will be permanently damaged by their cowardice!

Kentucky: Heavily Poor White State With Two Senators Who Wish To Gut Medicaid And Obamacare, Which Benefits Their Struggling Constituents!

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Kentucky is an extremely poor state, especially in the eastern Appalachia counties, heavily poor whites, who have high levels of preexisting health problems, and depend on Medicaid and ObaamCare, and are now scared to death that they will lose their lifeline, and all because of the mean spirit, lack of empathy and compassion, and selfishness, of the Republican Party.

Kentucky has 60 percent of people in Appalachia on disability benefits, and overall one third of its people are dependent on government programs.

The Opioid crisis also affects Kentuckians at very high rates, due to depression over horrible job prospects, and high levels of unemployment, caused to be greater by the Great Recession, provoked by Republicans and their lack of concern about regulation of banks and Wall Street before 2008, and now ready again to make the same mistakes and repeal the Dodd-Frank Act of 2010 to prevent such future economic disasters.

And in the midst of this issue of struggling constituents, Kentucky has two Republican Senators who do not give a damn about their own population.

Rand Paul, with his crazy libertarian ideas, wants to destroy ObamaCare and gut Medicaid, and Senate Majority Leader Mitch McConnell is even more the villain, as he undermines his own state, having utilized racism and misogyny to keep his Senate seat and the power of the Majority Leader, and to destroy everything Barack Obama did, which benefited Kentuckians and the nation.

How much more evil could two men be, but also, how ignorant a population, that they would be manipulated and tricked into supporting the reelection of, arguably, the worst two Senators combined in any state of the Union?

Barack Obama Should Veto Continuing Resolution, Forcing Congress To Stay In DC And Change $1.1 Trillion Budget!

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One of the most important pieces of legislation to reach Barack Obama’s desk–the $1.1 trillion Continuing Resolution legislation that would cover the government budget through September 30, 2015, and allow Congress to leave, and would avoid a government shutdown—should be vetoed by President Obama!

This is a bold move, to ask Obama to veto the bill, but it has many problems, including allowing the big banks, led by Citigroup, to avoid responsibility for another collapse of the banking system, which seems more and more likely, and would have taxpayers save the banks once again, adding to the national debt! This would be possible by the repeal of the Dodd-Frank legislation that prevents future such disaster! Senator Elizabeth Warren has made national news by her denunciation of this action on the Senate floor.

Additionally, allowing wealthy people to give ten times what they can now contribute to political campaigns is a further extension of the Citizens United Case, in which the Supreme Court has allowed millionaires and billionaires to engage in the “buying” of elections, through unlimited spending!

Also, pension protection for public and private pensions would no longer be guaranteed, causing disaster for millions of workers who would no longer be assured of the protection of their hard earned pensions when they retire, or even for those who have retired.

Additionally, nutrition standards set by Michelle Obama would be relaxed; and DC would not be able to allow marijuana use, losing control over its own jurisdiction by interference of Congress, despite the vote of the population in November’s election.

24 Republicans and 16 Democrats voted against this bill, including most of the progressive wing of the Democratic Party, and it should be vetoed by Obama, on the basis of too much lost and too little gained.

It is time for Obama to show aggressiveness, as what does he have to lose now?