Saturday, June 10, 2017

Dumping Dodd-Frank: How we get our economy back

By Monica Showalter June 9, 2017

For eight long years, the Obama administration delivered to us 1-2% GDP subpar growth. It was a miserable "new normal" that showed up in so much of the decline of the country economically, particularly in America's heartland. Under Obama, this part of the country – America's main streets, its flyover, its vital industrial center – became a place of zero growth, social disintegration, low homeownership, methamphetamine dependency, Social Security disability dependency, and welfare. It's as if a huge swath of the country had been thrown away in the name of the Obama Hipster Ideal.

Green regulations are one reason for the disaster, but an even bigger reason was likely that President Obama's 2009 Dodd-Frank bank regulatory act that choked off large swathes of the economy and prevented any growth.

It was the brainchild of two corrupt East Coast Democrats – Sen. Chris Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.), who primarily used their bill as a vehicle to grandstand on their phony claims, to punish investment banks, to promote Elizabeth Warren to carry on their work through the unaccountable Consumer Protection Financial Bureau, and to generally punish the flyover people who seemed to be living too well for their tastes. Obama eagerly signed onto it and then called it a big part of his legacy. .......To Read More....

My Take - As the article points out - Maxine Waters is against this change and that - if for no other reason - must mean is't a good thing. 

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