DACA Under Siege by Trump and AG Jeff Sessions

Last week, Trump pardoned Arizona’s Sheriff Joe Arpaio, a notorious national symbol of racism who refused court orders to stop his racial profiling in his zealous multi-year campaign of persecution against Latino communities. Now, one week later, Trump is throwing MORE red meat to his anti-immigrant and white supremacist supporters by going after immigrant kids, once again undermining American values in order to feed the bigotry of his extreme base. 

This morning, Attorney General Jeff Sessions announced to the world that we, as a nation, can no longer be trusted to keep its word, that our word is no longer our bond. You see, in a stunning act of cruelty even for Trump, he had Attorney General Jeff Sessions announce termination of key parts of President Obama’s Deferred Action for Childhood Arrivals (DACA) program effective six months from now, upending the lives of 800,000+ young people. That 

DACA recipients – often referred to as DREAMers — were brought to the US as children and for many of them this is the only country they’ve ever really known. Under the DACA program, they registered with the government and passed background checks in exchange for being able to work, pay taxes, and feel secure in their homes without the fear of deportation.

Many on the anti-immigrant Right who have been fighting against DACA since Day One have focused their criticism on the way in which it was done – with an executive order by President Obama. They have claimed that the real problem was just that Congress didn’t pass the law – so now it’s up to Congress to call their bluff and pass the DREAM Act.

Congress needs to act now to protect our investment in their education and assimilation before Trump releases his hordes of ICE thugs to begin deportation of DREAMers as their 2-yr authorizations come up for  renewals. And we even have a head start, because the bill already has bipartisan support!

Congress can undo this outrage by passing the DREAM Act of 2017, which would provide a path to citizenship for DACA recipients and other young undocumented immigrants who graduate from US high schools and attend college, enter the workforce, or enlist in a military program.

In the Senate, the DREAM Act is sponsored by Senators Lindsey Graham (R-SC), Dick Durbin (D-IL), Jeff Flake (R-AZ), and Chuck Schumer (D-NY) … we need to demand that the Senate make this bipartisan bill a priority, to get relief to the DREAMers who need it.

Petition:  << Tell Congress to PASS the DREAM Act of 2017 without delay! >>

Or, better yet, take a moment from your day and call or write your members of Congress and ask them to expedite bringing the Dream Act of 2017 [ House bill#:  H.R.3440 / Senate bill#: S.1615 ] to the floor for a vote AND to vote for its passage:

Trump Set to Deport Dreamers to Appease His Supremacist Base

A Note from Senator Catherine Cortez Masto —

Last month, we celebrated the fifth anniversary of President Obama’s landmark Deferred Action for Childhood Arrivals (DACA) program. This program granted hundreds of thousands of young people the opportunity to come out of the shadows and pursue the American Dream.

Dreamers are our soldiers, engineers, teachers and the future of this great nation. They embody everything we stand for as a country. But right now, DACA is under grave threat, and Dreamers are anxious about their future. Anti-immigrant attorneys general are threatening to sue the Trump administration if he doesn’t end DACA – and recent reports suggest Trump is finally about to follow through with his disgraceful campaign pledge to end the program. Now, more than ever, we need to stand up and defend these inspiring young men and women!

More than 12,000 DACA recipients call Nevada home, and I have been fortunate enough to spend time with many of them. They are fighters. They never give up. These young people were brought to our country as children, and for many of them, America is the only place they’ve ever called home. But now, they face constant uncertainty about their futures. This is wrong. We should be helping them live up to their full potential.

Not only is rescinding this program un-American, it is economically unsound. Deporting nearly 800,000 DACA beneficiaries would cost our economy at least $433 billion over the next 10 years. That’s not an economic policy we should embrace.

Welcoming immigrants is an American tradition. We should not be tearing families apart and inciting fear and discrimination. Dreamers are our loved ones, our friends, our neighbors, and we must protect them.

Thank you for standing up for these extraordinary young people.

¡La lucha sigue! 
The fight continues!

Got a Twitter account?  Tweet your demands to respect and protect DACA to: @POTUS, @realDonaldTrump, @VP, @MarkAmodeiNV2, @SenDeanHeller

Trump to Generals —> US Should Plunder Afghan Minerals

The president also compared military strategy to renovating a restaurant
— by Jake Johnson, staff writer

President Donald Trump holds a meeting with members of his cabinet.
President Donald Trump holds a meeting with members of his cabinet. (Photo: Michael Reynolds-Pool/Getty Images)

In a recent situation room meeting with generals and top national security advisors, President Donald Trump reportedly compared war policy to renovating a restaurant and complained that the U.S. isn’t doing enough to exploit Afghanistan’s mineral wealth.

This is according to senior administration officials who leaked details of the “tense” meeting to NBC News.

Trump also complained that the U.S. is “losing” the war in Afghanistan—which is approaching its 16th year—and said he was contemplating firing Gen. John Nicholson, the commander of American forces in the country, who he has not met.

Here’s how NBC summarized the conversation:

Over nearly two hours in the situation room, according to the officials, Trump complained about NATO allies, inquired about the United States getting a piece of Afghanistan’s mineral wealth, and repeatedly said the top U.S. general there should be fired. He also startled the room with a story that seemed to compare their advice to that of a paid consultant who cost a tony New York restaurateur profits by offering bad advice.

As Common Dreams reported last week, Trump has long been enticed by the prospect of plundering Afghanistan’s untapped mineral reserves. In the meeting with his national security advisors, NBC noted, Trump reiterated his wishes and fumed that China is “making money off of Afghanistan’s estimated $1 trillion in rare minerals while American troops are fighting the war.”

Trump also “expressed frustration that his advisers tasked with figuring out how the U.S. can help American businesses get rights to those minerals were moving too slowly,” NBCreported.

Commentators have in the past argued that Trump’s desire to exploit a war-torn country’s mineral reserves amounts to a longing for “colonialism.”

The response to leaked details of Trump’s meeting with military officials was of a similar tone.

This work is licensed under a Creative Commons Attribution-Share Alike 3.0 License

News & Views | 04.25.17


Betraying ‘Hire American’ Pledge, Trump Rewards Companies Offshoring US Jobs
by Lauren McCauley
Though he has the power, President Trump has yet to wield his executive authority to stop U.S. jobs from being shipped abroad


It’s Now Been Three Long Years Since Flint Had Clean Water
by Nika Knight
Flint, Michigan has not had clean water since the city switched its water source to the Flint River on April 24, 2014


Ivanka Trump Is Booed, Hissed in Germany for Defending Donald Trump
by Nika Knight
German audience also appeared confused by prominent role president’s daughter is playing in the administration


‘Truly Dumb’: Why $2.4 Trillion Corporate Tax Cut Will Not Magically Pay for Itself
by Jon Queally
Economists and tax experts push back against White House reported plan to slash corporate rate by 60 percent


‘Conveyor Belt of Death’ Continues as Arkansas Carries Out Double Execution
by Lauren McCauley
‘The sentences of Jack Jones and Marcel Williams are another heinous example of how the death penalty is applied to people with severe mental impairments and history of abuse’


Ontario to Launch North America’s First Test of Universal Basic Income
by Nadia Prupis
“We want to find out whether a basic income makes a positive difference in people’s lives”


FCC’s “Puppet Bureaucrat” Chair Pai to Announce Plan to Kill Net Neutrality
by Nadia Prupis
“Trump’s FCC chairman has put on blinders because he’s determined to take away basic rights against online discrimination that Congress granted everyone in this country”


Attention, Please: We Can Guarantee Healthcare for All Californians
by Deborah Burger
It’s time for a better plan. One that puts everybody in and leaves nobody out.


Making Sense of the Deportation Debate
by Aviva Chomsky
How Bill Clinton and Barack Obama laid the groundwork for Trump’s immigration policies


Where Is the Elizabeth Warren or Bernie Sanders of Foreign Policy?
by Katrina vanden Heuvel
Many Democrats are positioning themselves to take on Trump four years from now. They’d be wise to seek leadership by demonstrating it.


Why Was Heath Mello Thrown Under the Bus?
by D.D. Guttenplan
Was the candidate for mayor of Omaha held to a different standard than other Democrats?


Why We Are Joining the March on Harrisburg
by Frances Moore Lappé, Adam Eichen
A vibrant pro-democracy movement is on the march


Everything Wrong with Charter Schools on Display in New Orleans
by Bill Quigley
Major challenges of ctiy’s charter schools exposed at recent NAACP Hearing


Trump’s AP Interview: Unhinged, Bombastic, and “[Unintelligible]”
by Nadia Prupis
President sits down with Associated Press to rail against the media, dismiss his 100-day threshold, and discuss his broken pledges


American Dream in Freefall: It’s This Bad
by Andrea Germanos
‘Declines in absolute mobility have been a systematic, widespread phenomenon throughout the United States since 1940,’ the authors of the new study write


‘Major Setback’ for Justice as Supreme Court Rejects Torture Report Lawsuit
by Nadia Prupis
“The full report is the definitive account of one of the darkest chapters in our nation’s history, and the public has a right to see it,” said ACLU’s Hina Shamsi


Planet Breaches 410 ppm as Back-to-Back Protests Demand Trump Wake Up
by Lauren McCauley
Bridging March for Science with Peoples Climate March, week of action will focus on creating a just transition from fossil fuels

Not Prepared to Govern

There’s an excellent piece in today’s Washington Post regarding the tracking for key appointments filled thus far by the Trump administration.  I can’t help but compare and contrast Trump with his Republican majorities in both houses with Obama’s 2008 Democrat majorities in both houses and the lackluster performance by the Trump and his Republican majorities.  Clearly, their lackluster performance is yet more proof that Republicans are not only not prepared to govern, but may not know how to govern for ALL Americans.

*Totals above include some posts that are not being tracked as ‘key positions’ in the appointee database.

As of late Tuesday, his 96th day in office, Trump had nominated an estimated 66 officials, just over a third of the 190 President Barack Obama selected in his first 100 days, according to Partnership data. The 100-day number for President George W. Bush was 85; Bill Clinton, 176; and George H.W. Bush, 95.  These positions include Cabinet secretaries, deputy and assistant secretaries, chief financial officers, general counsel, heads of agencies, ambassadors and other critical leadership positions. These are just a portion of the roughly 1,200 positions that require Senate confirmation, but it doesn’t stop there.  There are approximately 4100 appointments the administration will need to make.

Here’s another striking statistic from the Partnership for Public Service: “The pending number of appointees to clear federal ethics requirements is striking compared to that of the Obama administration. As of April 17, Trump had only submitted 41 percent of the nominee reports that his predecessor submitted in 2009, according to Office of Government Ethics data.”

The Senate can only act on nominations that have been formally submitted by the Trump administration. Those marked “awaiting nomination” above have been announced but not yet submitted, while those marked “formally nominated” are awaiting action by the Senate.

Think about their slow progress thus far, and then compound it with the fact that Trump fired all the Ambassadors upon his oath of office.  Trump fired all the US Attorneys.  Trump/Tillerson fired all the career folks at the State Department.  Of 556 key positions requiring Senate confirmation … Trump has no nominee for 468 positions, only 40 are awaiting confirmation, and 24 have actually been confirmed as of April 26th.

So, at this point, he appears to be running the US Government by the seat of his pants whose seat is stained with the stench of Russia.

The article on the Washington Post is a a “tracking post” which means it identifies all the positions to be filled and the status of each position.  You might want to bookmark it for your future reference.

Falsehoods and Incoherence

If there’s one thing we can say about Trump’s presidency, it’s that it foments lies – blatant, continuous, and unsubstantiated lies.  Advance forward through his first 100 days, and his most recent AP interview and here are 16 falsehoods he perpetrated on the interviewer:

  1. “I saved $725 Million on the 90 planes. Just 90. Now there are 3,000 planes that are going to be ordered.  On 90 planes, I saved $725 million, It’s actually a little bit more than that, but it’s $725 million … And the reason they cut — same planes, same everything — was because of me.  I mean, because that’s what I do.”
    This remains untrue:  Trump was NOT responsible for these savings.  Lockheed Martin had been moving to cut the price well before Trump was elected, multiple aviation and defense experts say.  Just a week after Trump’s election the head of the F-35 program announced a reduction of 6-7% — which was in the $600-700 million range.
  2. “Sombody, yeah, somebody put out the concept of a hundred-day plan.”
    Yes indeed. That would have been Trump himself when he put out his “Contract with the American Voter.”  It even includes his signature.  While he counts as a “somebody,” this is so misleading that it’s worth declaring it as a false statement.
  3. “Well, I’m mostly there on most items.”
    He is nowhere close to fulfilling the terms of his “Contract.”  The AP writes in it’s own fact check: “Of 38 specific promises Trump made in his 100-day ‘contract’ with voters, he’s accomplished 10 mostly through executive orders that don’t require legislation … Of the 10 pieces of legislation he promised, none has been achieved and most have not been introduced.” NPR has done a wonderful annotated article regarding his non-progress in fulfilling his contract.
  4. “I’ve done more than any other president in the first 100 days.”
    No.  See #2 and #3 above. That statement is nowhere even close to being true.  If he meant that he’s issued more executive orders than any other President … well, there just might be some truth in that assertion.  Ironic how the GOP hasn’t chosen to label him Mr. Dictator yet for his excessive use of Executive Orders signed both publicly and in private:
  5. “But President Xi, from the time I took office, he has not, they have not been currency manipulators.  Because there’s a certain respect because he knew I would do something or whatever.”
    China stopped devaluing its currency and started spending billions attempting to prop up its currency before Trump took office, while he was still wrongly claiming that it was attempting devaluation.
  6. “The Democrats, they have a big advantage in the electoral college.  Bit, big, big advantage … The electoral college is very difficult for a Republican to win.”  And … “The election has, you know, look, the Democrats had a tremendous opportunity because the electoral college, as I said is so skewed to them.  You start off by losing in New York and California, no matter who it is …  The Electoral College is so skewed in favor of a Democrat that is’s very, very hard.”
    The existence of Democratic-leaning states does NOT mean the Electoral College is skewed in favor of Democrats.  By the same token, Republican candidates currently “start off” by near-automatically-winning most of the states in the south.  To the extent  there is a “skew,” though, it is toward smaller states that currently lean Republican.  Republican-leaning Wyoming, with just 586,000 people, gets 3 electoral votes, one per 195,000 people; Democratic-leaning California, with 37 million people, gets 55 electoral votes, one per 673,000 people.
  7. “They had a quote from me that NATO’s obsolete. But they didn’t say why it was obsolete. I was on Wolf Blitzer, very fair interview, the first time I was ever asked about NATO, because  I wasn’t in government…So they asked me, Wolf … asked me about NATO … “
    Trump did not tell CNN’s Blitzer that NATO was obsolete. He made the “obsolete” remark the next day, in an interview with Bloomberg. Then he kept repeating it in other interviews and on Twitter.
  8. “You know, back when they did NATO there was no such thing as terrorism.”
    Terrorism long predates NATO‘s founding in 1949.
  9. “You saw what happened yesterday in my statements, because if you look at the dairy farmers in Wisconsin and upstate New York, they are getting killed by NAFTA.”
    The Canada-U.S. dairy dispute Trump complained about, over ultra filtered milk, is not one in which anyone is getting killed by NAFTA: Canadian dairy is not included in NAFTA.
  10. “When WlkiLeaks came out … never heard of WikiLeaks, never heard of it.”
    Trump had heard of WikiLeaks years before the organization published emails that had been hacked from Democratic Party officials in 2016. CNN’s Andrew Kaczynski discovered a 2010 interview in which Trump had described WlkiLeaks as “disgraceful.”
  11. “Look, he turned down many coal ships. These massive coal ships are coming where they get a lot of their income. They’re coming Into China and they’re being turned away. That’s never happened before.”
    China has turned away coal ships before. Though the Chinese government denied media reports that it was doing so in February and March of 2016, it officially announced in December 2016 that it would block the ships for about a month to support U.N. Security Council sanctions aimed at curbing the North Korean nuclear program.
  12. “So she (Clinton) had this massive advantage, she spent hundrecls of millions of dollars more money than I spent. Hundreds of millions … Yeah. Or more, actually because we were $375 she was at $2..2 billion. But whatever.”
    Clinton vastly outspent Trump, but not by nearly as much as he claimed. As of Dec. 9, a month after the election, reported that Clinton had spent $969 million, Trump $531; million; Clinton-supporting “Super PACs”‘ had spent $215 million, Trump-supporting Super PACs $86 million. All together, then, the total was about $1.2 billion to $o.6 billion.
  13. “I mean, here’s a judge (Neil Gorsuch) who is #1 at Columbia, #1 at Harvard and an Oxford scholar. And he got three votes.”
    ch was NOT tops in his class at Harvard; in fact he was not even in the top 10%. He graduated from Columbia cum laude,” failing to qualify for magna cum laude” or summa cum laude.”  Similarly, he graduated from Harvard Law “cum laude.”
  14. “He (Democratic Rep. Elijah Cummings) said you will be the greatest president. He said you will he, in front of five, six people he said you will be the greatest president in the history of this country.”
    This is a claim on “‘which we can only judgthe dueling accounts of the two men involved; theres no hard proof either way. But Trumps claim is so nonsensical that it is obviously inaccurate: Cummings has been a sharp critic of Trump. He explained that he told Trump that “he could be a great president if, if, if he takes steps to truly represent ALL Americans rather than continuing on the divisive and harmful path he is currently on.”
  15. “I have, seem to get very high ratings.  I definitely. You know Chris Wallace had 9.3 million people, it’s the highest in the history of the show.  I have all the ratings for all those morning shows.  When I go, they go double, triple.  Chris Wallace, look back during the Army-Navy football game, I did his show that morning.  It had 9.2 million people.  It’s the highest they’ve ever had.”
    The show drew 2.4 million viewers, so Trump was off by 6.9 million.  He drew the second-highest ratings in the history of Fox News Sunday, not the highest.

GOP Is In Chaos—and 2018 is just around the corner

70 days in and it’s already been pretty rough for residents of Trumpland.

  • The “Obamacare” repeal? Couldn’t get a vote.
  • The Muslim ban 1.0 and then 2.0? Laughed out of court.
  • The budget? “Dead on arrival,” at least, according to Senator Lindsey Graham.
  • “You’re fired” seems to have taken over as the mode of operation, thus far: every US Ambassador effective upon his inauguration (without a single identified replacement to date),  every high-level State Department employee,
    46 District Attorneys General, Acting US Attorney General, National Security Advisor Mike Flynn, Deputy Chief of Staff Katie Walsh 
  • The president thinks it’s a great idea to threaten and mount primary challenges against ultra conservative Republican Freedom Caucus members who defy his will. (He might want to look back in history.  That tactic didn’t work so well, even for a very popular FDR.)
  • This is supposed to be the presidential “honeymoon” period.  Uh — not with ratings in the mid-thirties and dropping like a rock!
  • House Intelligence Committee chairman Devin Nunes, who was also a member of the trump transition team, flunked the “smell test” and appears to have completely derailed the House’s efforts to investigate Russian interference in the 2016 election and whether the trump campaign colluded in any way with the Russians.
  • Then there’s our Internet Privacy? ISPs are now free to sell your browsing history to the highest bidder without our permission.
  • Via executive fiat, climate change is now collectively being ignored across the board in every governmental department and LGBT statistics have been wiped from the 2020 census.
  • And what’s next? Passage of an actual budget and the need to once again raise the debt ceiling to pay for government spending Congress has already authorized.  Is yet another government shutdown on the near horizon? Will that force Democrats to vote for passage of a horrific budget just to keep the United States afloat?

The corruption of this administration is both brazen and incompetent. Case in point: Trump’s son-in-law, Jared Kushner, is about to sell his debt-laden Manhattan office tower to a bank owned by the Chinese government —> for several billion dollars above fair market value.

And if that’s not bad enough, it appears there might be evidence of Trump’s campaign coordination with Russian intelligence, strong enough that Mike Flynn won’t testify  before Congress without immunity.  Isn’t that the same Flynn who raled about if  one needs immunity, that’s an indication of being guilty?  The same guy who went on an on about that throughout the campaign?

Surprisingly, the Republican congressional delegation continues to insist that the emperor is fully clothed and has all his real hair. They are going to go down with this ship.  Once again, the Republican party is destroying itself.

Now the question is: Are progressives ready with a positive vision of a just society and the policies?  Are you ready to step up and run against the void?  Are you ready to step up to the plate and throw your hat in the ring?  Let us know, we’re listening and ready to step up and support your campaign run.  Need training?  Need folks willing to contribute or provide shoe leather for door-to-door canvassing?  We can help with that!  We just need to know who you are and how we can help.

Looking forward to hearing from you!

‘Spectacular Betrayal’ as Trump Hands Economy ‘Back Over to Wall Street’

‘The Wall Street bankers against whom Trump ran are making policy now,’ says Public Citizen
— by Deirdre Fulton, staff writer at Common Dreams

Executive orders seen as “a cave-in to the power of Wall Street and the financial lobby.” (Photo: Dave Center/flickr/cc)

President Donald Trump is handing the U.S. economy “back over to Wall Street” on Friday, with a regulatory rollback that critics say could put consumers and the financial system at risk.

According to the Wall Street Journal, Trump signed executive orders Friday “establish[ing] a framework for scaling back the 2010 Dodd-Frank financial-overhaul law” and rolling back an Obama-era regulation requiring advisers on retirement accounts to work in the best interests of their clients. That rule was set to go into effect in April.

Trump signed the orders after meeting with bank CEOs.

“The Wall Street bankers against whom Trump ran are making policy now,” said Robert Weissman, president of watchdog group Public Citizen.

“The worst job-destroying economic crisis since the Great Depression was directly caused by deregulation and regulatory failure,” he said. “Now the president who ran on a jobs-creation platform announces that he aims to slash the modest measures put in place to prevent a recurrence of the crisis. If Trump succeeds in rolling back Dodd-Frank rules he will rush the country straightforward into another job-killing financial crisis. This may be the most spectacular betrayal yet by the president of his voters, as he shunts aside their concerns and pushes forward the agenda of his cronies and the well-connected.”

Furthermore, White House National Economic Council director Gary Cohn, who formerly served as president of Goldman Sachs, told the Journal that Friday’s memoranda were merely “a table setter for a bunch of stuff that is coming.”

Also in the administration’s cross-hairs are the  (FSOC)—which has the ability to designate and rein in giant financial institutions that are “systemically important” to the global economy—and the Consumer Finance Protection Bureau (CFPB), which has cracked down on predatory payday lenders; set new standards for the mortgage market; and recovered and sent back billions of dollars for consumers harmed by illegal practices of credit card companies, banks, and debt collectors. Both entities were established by Dodd-Frank.

Bloomberg described the orders as “the most aggressive steps yet by Trump to loosen regulations in the financial services industry and come after he has sought to stock his administration with veterans of the industry in key positions.”

In addition to Cohn, Trump’s cabinet includes Goldman alums Steven Mnuchin, the nominee for treasury secretary, and chief strategist Steve Bannon, who worked at the institution in the 1980s. Wall Street lawyer Jay Clayton, Trump’s pick to run the Securities and Exchange Commission (SEC), also has ties to Goldman Sachs.

Former Wall Street worker Alexis Goldstein laid out the implications of Trump’s orders in a series of tweets on Friday:

Meanwhile, in an op-ed Friday, Lisa Donner of Americans for Financial Reform and Ed Mierzwinski of U.S. PIRG focus specifically on the CFPB, saying any attempt to “defang” the agency “will be seen for what it is: a cave-in to the power of Wall Street and the financial lobby. Hollowing out the CFPB would be terrible for American consumers and families, hugely increasing the ability of banks and financial companies to write their own rules and control their own regulators.”

In a separate statement after Trump signed the orders, Donner declared: “Wall Street titan Goldman Sachs seems to be taking over financial regulation in the United States, trying to make it easier for them and other big banks like Wells Fargo to steal from their customers and destabilize the economy. That is a betrayal of the promises Trump made to stand up to Wall Street. If they succeed it will have painful consequences.”

And Sen. Elizabeth Warren (D-Mass.), who on Friday released a report (pdf) detailing the kinds of prizes and kickbacks currently offered to retirement advisers for selling certain financial products—the very conflicts of interest that the so-called fiduciary rule seeks to eliminate—blasted Trump’s orders.

“The Wall Street bankers and lobbyists whose greed and recklessness nearly destroyed this country may be toasting each other with champagne,” she said in a statement, “but the American people have not forgotten the 2008 financial crisis—and they will not forget what happened today.”

This work is licensed under a Creative Commons Attribution-Share Alike 3.0 License

The Republican Speaker of the House on the Fiduciary Rule

The Department of Labor Fiduciary Rule is a Rule, created by the Obama DOL, that is scheduled to be phased in April 10, 2017 – Jan. 1, 2018. In simple terms, it expands the “investment advice fiduciary” definition under the Employee Retirement Income Security Act of 1974 (ERISA) to ensure financial advisors are NOT  acting unethically to pad their pockets while picking yours. Basically, the DOL’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients’ interests above their own.  It leaves no room for advisors to conceal any potential conflict of interest, and states that all fees and commissions must be clearly disclosed in dollar form to clients.  Read more about what it does HERE.

Waiting to sign his next executive fiat directing the Treasury secretary to review the Dodd-Frank financial oversight law & to DOL to delay implementation permanently of the new fiduciary rule. Brendan Smialowski/AFP/Getty Images

This morning, the president basically “permanently” delayed any implementation of the Democrat’s “deeply flawed rule” designed to protect investors from predatory advisors.

Speaker Ryan’s Statement on President Trump’s Executive Action on the Fiduciary Rule
“President Trump’s action to delay the Obama administration’s fiduciary rule for further study is a wise one. This regulation is deeply flawed. It would significantly raise the cost of seeking financial advice, making it even harder for families to plan their future and save for retirement. It is essentially Obamacare for financial planning. Now we have the chance to study any unintended consequences before it is too late. In today’s economy, people’s access to sound financial advice must be protected.”

Hello?  Has he even read the rule? I guess they represent the banks and financial interests.  They’re certainly doing everything possible to screw their citizen constituents.