(Yahoo Finance) ‘If Donald Trump had campaigned for president by promising to make bankers richer, boost real-estate speculation and put Goldman Sachs in charge of the economy, would he have won?
Maybe not, yet these types of moves are among Trump’s first major actions as president. Trump, in fact, may be nation’s first ironist-in-chief, given that he ran a populist campaign focused on helping the “forgotten men and women of America,” but has greatly aided elites since winning last November. Eventually, Trump seems to think, the help will trickle down to the little guy.
But first, the ranks of the 1% are poised to reap a windfall. Trump just signed an executive order, for instance, that sets the stage for rolling back the 2010 Dodd-Frank banking rules passed in the wake the of the 2008 financial meltdown. There’s no obvious connection between the Dodd-Frank restrictions on banks, and a struggling middle class that’s hurting from lack of good-paying jobs. Banks freed from red tape won’t create those jobs.’