Despite what any liberal would say, President Trump has already been hard on the cronies that run Wall Street.
On the campaign trail, Trump slammed Wall Street for “getting away with murder”, and actually promised to break up the big banks and force those criminal finance “gurus” to pay higher taxes.
But it’s the hypocritical former-President Obama – who once called greedy Wall Street bankers “fat cats” – who is about to make $400,000 to speak at one of these “fat cat” institutions.
Meanwhile, Trump is following through with his campaign promise and is considering a drastic move against the Wall Street bankers.
“President Donald Trump is open to the idea of breaking up giant Wall Street banks, separating consumer lending and investment banking, according to Bloomberg News.
‘I’m looking at that right now,’ Trump said.
‘There’s some people that want to go back to the old system, right? So we’re going to look at that.’
The stock markets dipped briefly in response to Trump’s comment but returned to normal levels.”
This tweet shows that dip.
— CNBC Now (@CNBCnow) May 1, 2017
But the stock market has never been stronger in the entire history of the United States since being under Trump’s administration.
CEO’s of Under Armour and Uber also echoed that Trump is an asset to the U.S. economy. Then the angry liberals came out of the woodwork to protest the companies, and by proxy, deprived the employees of their livelihoods.
But despite liberal anger, Trump is great for the American economy.
“Trump made his remarks in an interview with Bloomberg News reporters in the Oval Office on Monday. He was asked about his campaign suggestion that he would implement a version of the Glass-Steagall law that was passed in 1933.
The law required consumer lending and investments to be separate, but it was repealed in 1999 under former president Bill Clinton.
The idea was included in the Republican Party platform and endorsed by then-campaign manager Paul Manafort in July 2016.
‘We believe the Obama-Clinton years have passed legislation that has been favorable to the big banks, which is why you see all the Wall Street money going to her,’ he said. ‘We are supporting the small banks and Main Street.’
Earlier today, Vice President Mike Pence and Donald Trump met with a group of community bankers at the White House.
Trump vowed to get rid of onerous regulations like Dodd-Frank that hurt small banks.
‘You might be small and community banks but you have a big, big impact on a growing American economy,’ Pence said, adding that President Trump knew ‘when community banks are strong, America is strong.’”
And he’s right. The fate of the United States shouldn’t be run by one literal street.
On the other hand, if things need to be shaken up, Trump knows what he’s doing. He’s a billionaire mogul after all.