Showing posts with label Dodd-Frank. Show all posts
Showing posts with label Dodd-Frank. Show all posts

Wednesday, November 23, 2016

Is it time to look at Dems working with Trump


Sen. Chuck Schumer, NY
He is the President-elect, although on last count Hillary Clinton was 1.7 million popular votes ahead of him. Major consideration for getting rid of the Electoral College but that's another story and possibly already in the works. So far I have been on Trumps back because during the ugliest U.S. election in many years, he said and proposed some terrible things. Degrading everything from Mexicans to women, never once apologizing, seemingly proud of everything said and done.

It's hard as hell to vote for someone like that; I didn't. It's hard as hell to like anyone like that; I still don't. But if this country is to recover from the vicious competition of the 2016 election, someone has to make a move. And Sen. Chuck Schumer, (D-NY) has done just that. Schumer is new Dem head of the Senate and has shown how we can work with the President-elect. Here's what he said on NBC’s “Meet the Press:
“Surprisingly, on certain issues, candidate Trump voiced very progressive and populist opinions,” Schumer said. “For instance, getting rid of the carried interest loophole, changing our trade laws dramatically, a large infrastructure bill.”
There's more positive input, Schumer names helping American workers with improved trade deals, on carried interest, and rebuilding the infrastructure. It's a good start and there's also a tough side. The new Senate head draws a line on the repeal of Obamacare, not going to roll back Dodd-Frank,” the 2010 law that imposed financial regulations on Wall Street after the 2008-09 crisis, and says Dems won't help him build the wall, instead comprehensive immigration reform .

Schumer doesn't like cabinet appointee Lt. Gen. Michael Flynn, who Trump picked to be national security adviser for his suggestion that fearing Muslims is rational. But strangely, no mention of Trump's powder keg appointment of Steve Bannon as his chief strategist. I'm just waiting for the real fireworks.

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