The latest executive order signed by Trump orders the labor dept. to explore ways to either get rid of the Feduciary rule or reduce its effectiveness. It also orders the date it was supposed to go into effect to be put off.
The fiduciary rule simply requires the retirement fund managers overseeing your 401(k) or IRA to actually act in your best interest—rather than sacrificing your interests for their own personal gain. It is estimated that retirement accounts across the country lost a total of $17 billion per year due to investment advice that clearly isn’t in the consumer’s interest. The reason is rampant kickbacks that financial advisers receive when they recommend certain financial products to their clients. It’s far too easy for an adviser to sell just one annuity, regardless of whether it is a prudent choice for the investor, when a free vacation or an international cruise is waiting for him on the other side of the sale! So why would anyone in their right mind want to get rid of such a common sense ruling to protect our hard earned investments in our future! See next paragraph and I will tell you!
Gary Cohn, a former Goldman Sachs president who now heads Trump’s National Economic Council rolled this out Thursday night. You got that right, a former president of an entity this rule was supposed to protect our retirement and IRA funds from! Trump is already working on getting rid of Dodd-Frank, which prohibited banks from gambling with our money, and having to be bailed out when the gamble failed causing the whole depression in the first place, I am sure under advisement from the other Wall Street people in his administration! How bad do they think our memory is! Even worse, how stupid do they think we are?
I know you guys, by you guys I mean Trumpers, because all conservatives are not Trumpers, think the ban on refugees was the thing to do. We will not get into the religious test, you know, priority to Christians on immigration status, which is expressly forbidden in plain language in the constitution, we will save that for another time. Besides Christians are not innocent when it comes to terrorism! Now Buddhists should be a better pick! They have engaged in wars, but not terrorism in the modern sense, although they have been known to set themselves on fire in protest! But instead lets focus on just who got banned! Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Two things immediately standout with this list of countries! The most glaring is that not one terrorist who has been tracked or caught attacking the U.S. has come from any of these countries! The next little fact is that Trump does not have any major business interests with these countries! The 19 terrorists in the Sept. 11 attacks however, were from Saudi Arabia, Egypt, Lebanon, and the United Arab Emirates and these countries were not included, why? Well the fact is that Trump has business dealings with these countries that have actually spawned terrorists, but somehow got left off the list of banned countries. He is also actively looking at future opportunities in those countries. So if you hold that a ban was necessary, then you have to concede that this executive order was ill conceived and worthless in its power to protect us as written!
So I ask you, is this good business for you and me! Think about it, hasn’t Trump already done in two weeks pretty much everything he was accusing Hillary of doing? Private phone, private email, filling his cabinet full of wall street millionaires and billionaires, targeting the pre-existing medical restrictions he swore he would not remove. He is also working on reinstalling limits on how much paid healthcare you can get before being cut off and left to die, and deciding after meeting with big pharm lobbyists, to go back on his word about getting drug prices competitive, the list is endless!
So all I am asking you to do is quit listening to it’s the biggest, best, most fabulous, outstanding, fantastic, believe me, I am the greatest bullshit, and actually look at whether this stuff hurts or helps you! I mean he tried to blame Obama for the disastrous raid he commanded. Sure it was a plan made under Obama, but Obama shut it down because they did not have enough feedback on the ground, and it also was a full moon at the time. But that is what the daily security meetings are for, you know, the ones Trump is too smart to have to go to! Plus he demoted the people who should be advising him on the security council and promoted a white supremacist over them. Trump would not even go to the situation room while the action was taking place. Hey when you’re the President, you’re the President. Sure he put on a good show by going to meet the remains of the Seal being returned and meeting his family because that is something he is good at, putting on a show! But he made that raid when he did because he could not wait to use the big stick, and you all know it!
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