Who? Who elected this men in shiny suits and grins in the Capitol and who walk around like gentleman and ladies in Washington D.C. That is the question I ask today, since first the House of Representative under the key leader Paul Ryan passed the American Health Care Act (AHCA) to repeal the Affordable Care Act (ACA). This was done on the 4th May 2017 and they had such a wonderful victory speech by President Donald Trump in the rose garden. Than, after the vote, the CBO score came in and it showed no mercy to the ones who needs medical care or health care, neither was the legislation made for safety of the American people, more a tax-relief for the wealthy who pays for poor. So they can get health-care under current legislation. That is something sinister in the eyes of Republican Party in the United States. Therefore, they have behind closed doors in the Capitol or the Congress, worked to make a new Health Care Bill based on the House of Representative vote in May 2017. And by June the legislation made in the dark, has come to light. Yesterday, the leak of the “Better Care Reconciliation Act of 2017” was also broke down by the Congressional Budget Office (CBO), BCRA are the still an ugly duck compared to the ACA or Obama-Care. Just take look at important quotes from their report and it proves the devastating acts of the Senate and House of Representatives,
The quotes I have taken, is just like last go-around on the members of society who will be cut off from Health-Care by new legislation. How much monies the 1% saves and how much the wealthy get tax-relief is benign since it is so many lives at stake and so many more people who will not be covered or can afford a Health Care Plan or Health Insurance under the new legislation. That is more dire, than if the state saves a few billion dollars, because the rich cannot afford to have some solidarity because their need for golden showers and Bentley’s. Take a look!
“The Senate bill would increase the number of people who are uninsured by 22 million in 2026 relative to the number under current law, slightly fewer than the increase in the number of uninsured estimated for the House-passed legislation. By 2026, an estimated 49 million people would be uninsured, compared with 28 million who would lack insurance that year under current law” (CBO, P: 1, 2017).
“CBO and JCT estimate that, in 2018, 15 million more people would be uninsured under this legislation than under current law—primarily because the penalty for not having insurance would be eliminated. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 22 million in 2026. In later years, other changes in the legislation—lower spending on Medicaid and substantially smaller average subsidies for coverage in the nongroup market—would also lead to increases in the number of people without health insurance. By 2026, among people under age 65, enrollment in Medicaid would fall by about 16 percent and an estimated 49 million people would be uninsured, compared with 28 million who would lack insurance that year under current law” (CBO, P: 4, 2017)
“Medicaid. Enrollment in Medicaid would be lower throughout the coming decade, with 15 million fewer Medicaid enrollees by 2026 than projected under current law in CBO’s March 2016 baseline (see Figure 4). Some of that decline would be among people who are currently eligible for Medicaid benefits, and some would be among people who CBO projects would, under current law, become eligible in the future as additional states adopted the ACA’s option to expand eligibility” (CBO, P: 16, 2017).
Just think about it, 49 Million uninsured compared to 28 million. The 28 millions uninsured under current legislation should be the worry today, not make sure there are another 21 millions who joins the club of ill-health and possible side-effects of not affording to pay for their health care bills. The Republican party and the Senate, as the House of Representatives are morally bankrupt. They don’t care or have no issues making provisions for a possible 21 million citizens without health-care. That means, they can easily do so, since the donors and rich-backers needs a Tax-Holiday. That is the seriousness and the bottom-line. Nothing beautiful about this. Just hardcore tax-relief so fewer people can afford to treatment and get people healed through Health-Insurance. Seriously, who votes this gang of brothers in and who would accept this sort of treatment? Can someone please explain to me what this dude Mitch McConnell still doing in the Capitol when he can serve this sort of legislation?
The numbers themselves are insane and the other aspects of the law is bad. There aren’t any good news in this one, unless your wealthy and don’t care about the society you sponge of in general. That is what this bill does, it isn’t “Better Care Reconciliation of 2017”, so to translate to a proper name of the bill it should be named: “We don’t Care Act of 2017”. Sponsored by the honorable men and woman of the Republican Party, with they new slogan to the public: “because we don’t care! We don’t care if you cannot afford to go to the hospital, have a per-existing condition, planned parenthood or any sort of benefits because of your low-pay-grade, you are just a Smuck-On-Wheels for voting for us and we are making sure that you cannot be covered in the future”. Why you say? We the Republican’s Just don’t Care! Peace.
Congressional Budget Office – ‘H.R. 1628 Better Care Reconciliation Act of 2017’ (26.06.2017)
There has been a draft release Executive Order without a date, but planned for June 2017 by the Trump Administration. The United States Government and soon the American Health Care Act (AHCA) or the Trump Care is run through the Senate after the amendments for the law after the vote in the Representatives House. So it seems like the Trump Administration trying to patch the ill-will and the gained reputation for draconian laws with a medicine and a remedy. Still, if people cannot afford health care plans or afford health-care insurance, what help is in making medicine and pills cheaper. When you cannot afford to get to the doctor, what help is that the pills and medicine cost less. Needs help from the doctor to find the needed treatment. That is simple, but forgotten math by the Republicans and the Congress these days. Not like President Trump understands that, unless tanning became more expensive for him.
While we’re at it, let’s look into major quotes from the Draft Executive Order:
“Section 1 Policy:
b) Reduce burdens caused by regulatory and administrative actions that inflate or distort prices for beneficiaries of Federal health programs or that provide more favorable pricing for intermediate actors in the medical product supply chain than the prices available to beneficiaries” (Executive Order, 2017).
So the Trump Administration plans to put down the prices and control the prices of medicine. It is special that the Administration cares about the Federal Health Programs, when the new TrumpCare laws want to relief the state of Medicaid and other supplementary subsidized programs through the Affordable Health Care Act (AHCA) or ObamaCare. Health Care News Emily Kopp: “This probably refers to the 340B program, which provides hospitals that serve low-income patients with a discount on intravenous drugs, anti-nausea drugs for cancer patients and some other outpatient drugs. Donald Trump’s interagency working group on drug prices has weighed scaling back the 340B program, KHN reported earlier this month. Critics say the discounts don’t truly benefit patients, including PhRMA, the influential pharmaceutical lobby” (Kopp, 2017). Certainly, the repeal will make sure these sort of programs get phased out as well as the pricing on the Health Care plans that the citizens has to get through insurance companies. But this draft plans to take it further do.
“c) Facilitate, where appropriate, the ability of Federal health programs to enter into reimbursement arrangements for medical products that are based on the value of such products to patients rather than the volume of such products purchased” (Executive Order, 2017).
That the State will have value-based pricing, which means that the States and Federal Government have decided prices depending on the needs and than that the patients has to cover the cost of the medicine. Which is a nice idea, but I am skeptical as before, since the reality doesn’t change, even if the State and Federal Government can control the buying-in and the prices of it. The rising prices of insurance under new law will not be helped by this remedy. Neither is this too.
“d) Ensure that the laws intended to help lower-income or vulnerable Americans and strengthen the safety net healthcare providers that serve them are carried out in such a way, that the benefits of such programs accrue primarily to the intended populations, including by the rescinding or revising of regulatory or administrative actions” (Executive Order, 2017).
This here is main reason for it in a way, if the Trump Administration did care, but if they though the world works like that and these provisions would change the ways of buying-in and research of medicine would change. Still, Health Care News Emily Kopp says this: “This probably refers to the 340B program, which provides hospitals that serve low-income patients with a discount on intravenous drugs, anti-nausea drugs for cancer patients and some other outpatient drugs. Donald Trump’s interagency working group on drug prices has weighed scaling back the 340B program, KHN reported earlier this month. Critics say the discounts don’t truly benefit patients, including PhRMA, the influential pharmaceutical lobby” (Kopp, 2017).
Again, Trump Presidency has to be self involved and not understanding the world order, therefore, this had to be inside the EO: “e) Ensure that American citizens do not disproportionately subsidize medical product innovation for the rest of the world, or allow foreign governments to unfairly devalue American innovation” (Executive Order, 2017). Again, let me quote Emily Kopp: “The Trump administration is making the implicit argument that longer monopoly rights for drugs and higher drug costs in foreign markets will lead to lower prices in the U.S. Not so, according to James Love, director of Knowledge Ecology International” (Kopp, 2017). So, in Alice in Wonderland, this sort of provision might work, even in Narnia, but I am sure it has the same effect as Wall towards Mexico or the sudden love for Solar Panel on the wall, which is insane in it self. That Trump Administration believes in this wouldn’t surprise anyone and that Sean Spicer would defend it would be field day for journalists.
Las piece of the Executive Order, that I will put forward is this one: “f) Rescind, revise or simplify regulations and other administrative actions that inappropriately or unfairly contribute to higher prices or cost-sharing for medical products for American patients” (Executive Order, 2017). Just as before, kind of hard to get lower prices if the repealing of Obama-Care law gets into effect. It like thinking you get lower cost, when the insurance sky-rockets and the 1 percent of American citizens get a giant tax-break. The relief again would only suit the ones without already hard-earned pockets, the rich would earn more and the R&D of medical suppliers would secure more funding. This would not earn the citizens in the United States.
This is maybe why this law hasn’t been signed and hasn’t been enacted, as the Senate are working on their bill and this would counter it. Secondly, the lesser prices for medicines wouldn’t help the provisions in the new Health Care law. United States would really be a place for the wealthy and the poor would suffer more. That is reality of the Health Care bill that the Senate are putting forward. This Executive Order wouldn’t help, but be a field day for the Big Pharma to get new system for subsidized medicine, so the people wouldn’t feel this. Unless, the Health Care plans inside the Senate bill would actually serve the public and not just the wealthy. Peace.
Donald J. Trump – ‘Executive Order – REDUCING THE COST OF MEDICAL PRODUCTS AND ENHANCING AMERICAN BIOMEDICAL INNOVATION’ (Draft Paper for June 2017).
Again, the House of the Representatives passed the baby of President Donald Trump and Speaker of the House Paul Ryan. This is the American Health Care Act, it was passed on the 4th May 2017 and it 20 days after it’s passing the CBO came. This shows the disregard of checks and balances of the Congress. That the Representatives couldn’t trust the results of the Act and the bill, shows the proof that there are certain damaging reports in the report. The Republican Party representatives are clearly afraid of insights into the act. Therefore, the AHCA are really explosive, even as the knowledge of certain representatives didn’t even read it before voting for it.
“Republican Rep. Chris Collins admitted Thursday that he did not read the full health care bill before voting for it. “I will fully admit, Wolf, I did not. But I can also assure you my staff did. We have to rely on our staff,” Collins told CNN’s Wolf Blitzer on “The Situation Room.” (Manduley, 2017). So when the Republicans cannot even read their legislation, the paperwork that can affect millions of citizens. It shows disregard for the public and for the ones they represent, but clearly it is more important to take the calls of donors. Than the citizens who needs health-care. So I will not go through how much monies this ACHA does, and possible change the economy. What I will look into is the estimated people who are cut-off from health-care and insurance. As the ACHA might be damaging for the people, as the former CBO on the TrumpCare was really bad. Therefore, we can expect this one to be destroying lives for the poor Americans. So here are the quotes I think is worth remembering, as this proves what the Republican Party does to the ones they represent.
“CBO and JCT estimate that, in 2018, 14 million more people would be uninsured under H.R. 1628 than under current law. The increase in the number of uninsured people relative to the number projected under current law would reach 19 million in 2020 and 23 million in 2026. In 2026, an estimated 51 million people under age 65 would be uninsured, compared with 28 million who would lack insurance that year under current law” (CBO, P: 4, 2017).
That the ACHA is damning, is seen by just this 14 million more people will lose their insurance, in 2020 it would reach of 19 million and in 2026 would be 23 million. Therefore the estimated 51 million by 2026. With current ObamaCare it would be 28 million, which is also to many, but the new law doubles the amount of people without health insurance.
These two stats, show the damaging effects of the Republican bill, as not only massive amounts people without insurance, but also the different prices on the insurance after the repealing on the bill. These statistic is telling and the reason why the Republicans doesn’t want to understand their efforts to work of the private healthcare industry and insurance companies, instead of for the people who needs the health care. Peace.
Congressional Budget Office – ‘H.R. 1628 – American Health Care Act of 2017 – As passed by the House of Representatives on May 4, 2017’ (24.05.2017)
Manduley, Christina – ‘Congressman admits he didn’t read full health care bill before voting’ (04.05.2017) link:
“The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.” – Garry Kasparov
Welcome to the Banana Republic, the United States of America (USA), the Trump Administration has a new golden child and has to stop the Environmental Protection Agency (EPA), that has to be silenced. The EPA under Scott Pruitt. The Environment and Climate Change is lie under the Trump regime, that is myth that the environment gets destroyed or worsen by industry or mineral extraction. Still, they have to make sure that the EPA doesn’t explain the environmental regulations without any scientific evidence. It has to be tested and retested the narratives, as the EPA should not question the need for free release of CO2 or any other damaging gas that can worsen the sky, or the after effects of crude-oil pipelines and the damage of soil in the areas after fracking.
Well, take a look at the Lamar Smith proposal that get through and passed in the U.S. House of Representatives yesterday:
“To prohibit the Environmental Protection Agency from proposing, finalizing, or disseminating regulations or assessments based upon science that is not transparent or reproducible” (…) “The Administrator shall not propose, finalize, or disseminate a covered action unless all scientific and technical information relied on to support such covered action is” (…) “publicly available online in a manner that is sufficient for independent analysis and substantial reproduction of research results, except that any personally identifiable information, trade secrets, or commercial or financial information obtained from a person and privileged or confidential, shall be redacted prior to public availability” (H.R. 1430, 2017).
Representative Lamar Smith the man behind the bill, who has a magical fascination with silencing and stopping the EPA, as he is from San Antonio, Texas and Republican, surely if somebody would have remembered what sort of greatness, he showed in February:
“On Tuesday, Smith held a hearing titled “Making the E.P.A. Great Again.” From the list of witnesses, it was clear that Smith was not, however, interested in improving the E.P.A.—in fact, just the reverse. One of the witnesses was a lobbyist for the coal industry, another a lobbyist for the chemical industry. In a display of hypocrisy so blatant it could have been hilarious, but wasn’t, Smith used his opening statement to rail against “conflicts of interest” at the E.P.A. The agency, he complained, depended on the expertise of scientists to whom it sometimes also awards research grants. His proposed solution to this problem? To stack the E.P.A.’s science advisory board with scientists who work for regulated industries” (Kolbert, 2017).
So Rep. Smith has no issues listening to the Coal, Chemical and Oil industry, if it benefits them at a U.S. House hearing on making EPA great again, like the ones who wants to pollute and drop hazard into the environment for a buck is the ones to listen to. Shows the lack of thinking and integrity that is in the Washington D.C. right now and is accepted by the Trump Administration. Where the businesses are more important nature and the future, where the kids of Trump has to live in wasteland and in narrow future of damaged rivers, creeks and polluted air.
The donors for the 2015-2016 Campaign for the U.S. House Representative for Texas and parts of Committee for Science, Space and Technology, those we’re $95,050 from Oil and Gas, either as PACs or individuals, other important donors for the campaign of Smith we’re Nustar Energy, AT&T, Boeing Co., Koch Industries and Marathon Petroleum (Check Opensecrets.org).
So, the man who has massive support for his elections and campaigns was supported through business who needs to extract their resources and has to pollute to do so. It could seem that they scratched an itch for the Representative and when he was elected he scratched an itch for them. Instead of direct brown envelopes directly into the pocket of the representative, they paid for his campaign and his viable campaign in Texas.
Now that he has a place on the Committee for Science, Space and Technology, there he can change legislation that fits Nustar, AT&T, Boeing Co., Koch Industries and Marathon Petroleum, as they will not have any sort of information that cannot be verified by generous study. They have been silenced and cannot question climate change or even the implication of pollution or environmental damages by industry, as the Honest ACT, who is made to stop certain information from getting into public.
So it it good to know that the EPA sentiment is old:
“But I don’t know whether Americans want the EPA and Congress to be honest. You say, “What do you mean, Williams?” There are numerous laws, restrictions and regulations based upon the EPA’s fraudulent report on secondhand tobacco smoke. How many Americans do you think would say, “Hey, now that we know that EPA 1992 report was a fraud, let’s repeal all those laws and regulations based upon it”? I’m guessing most would say, “I don’t like the smell of cigarettes and if it takes government fraud and duping the public to get rid of it, so be it.” (Williams, 1999).
So there are surely many who has hard feelings against the EPA and their practices, but they should still wonder if it is wise to stop the EPA. They might get wealth to buy cars, but nature is not something that returns after you have used it and extracted the minerals. There are so many places destroyed by industry and not habitable, so much touched nature that will not come back after oil industry and other industry has used their tools. Together with the knowledge of pollution, there are invisible particles that might hurt mother nature on the long run, but that doesn’t Scott Pruitt, Donald Trump or Lamar Smith. Peace.
Kolbert, Elizabeth – ‘THE CONGRESSMAN WHO’S TRYING TO MAKE THE ENVIRONMENT WORSE, AGAIN’ (08.03.2017) link: http://www.newyorker.com/news/daily-comment/the-congressman-whos-trying-to-make-the-environment-worse-again
U.S. House of Representatives: H. R. 1430 – ‘Honest and Open New EPA Science Treatment Act of 2017’ or Honest ACT (29.03.2017)
Williams, Walter – ‘Do Americans want honest EPA?’ (09.06.1999) link: http://www.deseretnews.com/article/701389/Do-Americans-want-honest-EPA.html
The United States of America must be bankrupt, broke and in ill fatigue because it cannot afford to insure millions of citizens through medical insurance. At least that is the new report from Congressional Budget Office (CBO) on the new TrumpCare Act that Paul Ryan spoke so nicely about like it was a genuine idea from one of his donors.
This act of repealing and changing ObamaCare or the Affordable Health Care Act (ACA) is not because the Republican Party cares about the health of the United States Citizens. It is clear by the numbers that they want the health care industry and the ones selling insurance to earn more bucks on the ones who aren’t healthy and add higher price tag on their premiums.
Look at the numbers:
“CBO and JCT estimate that, in 2018, 14 million more people would be uninsured under the legislation than under current law” (…) “Later, following additional changes to subsidies for insurance purchased in the nongroup market and to the Medicaid program, the increase in the number of uninsured people relative to the number under current law would rise to 21 million in 2020 and then to 24 million in 2026. The reductions in insurance coverage between 2018 and 2026 would stem in large part from changes in Medicaid enrollment—because some states would discontinue their expansion of eligibility, some states that would have expanded eligibility in the future would choose not to do so, and per-enrollee spending in the program would be capped. In 2026, an estimated 52 million people would be uninsured, compared with 28 million who would lack insurance that year under current law” (CBO, P: 2, 2017).
So who cares about the trillions of dollars possibly saved? Certainly when the nation is so poor that it cannot secure possible health care for such amount of people. I know I proclaimed that Trump could create a Banana Republic back in November 2016. These sorts of act of injustice to millions of citizens as the state’s poverty levels are so the minority of rich can get cheap premium insurance. The others are the already healthy who can afford under the new law. Certainly this will be more costly on the ones that need insurance and the ones that is sick and need it. So if you have preconditions before signing up you are likely to pay more. This whole scheme is so the already expensive health care system can benefit more from the citizens, while the Republican government can spend more on bullets and guns. Such, wealthy and rich countries do.
It is sick and uncommon that a government wish to see more of their citizens not having the ability to get treatment and afford it. Usually it would do whatever it could to drastically make it better, if the government and the republic cared about its citizens. Apparently the Congress, the Representatives and the local government of United States, doesn’t care about the citizens and their well-being.
We can rest assured with every move President Trump does, it getting close to an America, where the Banana’s will go grow quicker. Especially, when we are considering the lack of insurance for such amount of millions that would have under the Affordable Care Act (ACA) or the ObamaCare. The new America Health Care Act will hurt many people and most likely make the difference between the rich and poor even bigger.
So with the knowledge of the already rising gap between citizens, Trump’s America seems to look to make it bigger:
“The wealth disparity between upper and middle income Americans has hit a record high, according to a new Pew Research Center Report. On average, today’s upper-income families are almost seven times wealthier than middle-income ones, compared to 3.4 times wealthier in 1984. When compared to lower income family wealth, upper income family wealth is 70 times larger” (Salles, 2014).
That the wealth gap and riches is now enormous, it seems out of this world that they cannot afford to pay more in Medicaid to secure more people getting treatment. Since the rich can own bunch of cars and giant mansions, but cannot afford to pay extra tax to the IRS. That shows how poor the solidarity in the United States is. The individual can by all means take cares of only their own and the collective burden isn’t important.
Therefore, the Republic is really poor when they cannot have the funds or the laws to reassure their citizens. The people are morally poor when the riches cannot pay a little extra to help the ones in need. So the United State is doubly bankrupt and they have a reality star running the show. Surely, the losing end is the ones who is poor and the ones on the lower end of the trailing middle-class; the only one earning on Trumps America is the wealthy. They will win on this; the rest is out goose hunting. Peace.
CONGRESSIONAL BUDGET OFFICE COST ESTIMATE – ‘American Health Care Act Budget Reconciliation Recommendations of the House Committees on Ways and Means and Energy and Commerce, March 9, 2017’ (13.03.2017)
Salles, Joaquim Moreira – ‘The Wealth Gap Between Rich And Poor Is The Widest Ever Recorded’ (18.12.2014) link: https://thinkprogress.org/the-wealth-gap-between-rich-and-poor-is-the-widest-ever-recorded-6e9579966adf#.s82a0l91l
In American politics there have in the recent years been families intervening with their Super-PACs and their lobbyist to get their legislation through both U.S. Congress and House of Representatives, as well making sure the Supreme Court are accepting it. Than you have this one industrial family, the Koch brothers David and Charles that has involved themselves in politics and engaged in donating campaign funds to dozens of Republican candidates over the years. These have in return delivered legislation that the Koch brothers industries have profited on.
The Super-PAC named “Freedom Partners” set in plan how the Trump Presidency could repeal and make sure the legislation of Obama administration get away. So the leniency and corporate freedoms get back as it was before. Since this legislation has hampered the ability to gain vast profits on destroying the planet and giving minimum salaries to their employees. Something industrialists like Koch brothers wants more off and not just behaviour from the Federal Government.
Therefore the newest document shows certain aspects of their wish-list of how a Trump Presidency should be:
“• Executive Actions and Proposed Regulations: President-elect Trump can unilaterally rescind any executive action signed by President Obama or proposed regulations that have yet to be finalized, including, but not limited to:
Congress should prioritize the following:
That the Executive orders are coming in and making sure that the economic freedoms of corporations is extended and the limitations of former put legislation are repealed. So that the powerful and rich men which are the core base with core principals of the Trump Administration get their will. Therefore the Koch Brothers and their campaign through this Super-PAC are already achieved.
The like memorandum on the Fiduciary Duty that we’re signed in on the 3rd February, which stated:
“Section 1. Department of Labor Review of Fiduciary Duty Rule. (a) You are directed to examine the Fiduciary Duty Rule to determine whether it may adversely affect the ability of
Americans to gain access to retirement information and financial advice. As part of this examination, you shall prepare an updated economic and legal analysis concerning the likely impact of the Fiduciary Duty Rule, which shall consider, among other things, the following:
(i) Whether the anticipated applicability of the Fiduciary Duty Rule has harmed or is likely to harm investors due to a reduction of Americans’ access to certain retirement savings offerings, retirement product structures, retirement savings information, or related financial advice;
(ii) Whether the anticipated applicability of the Fiduciary Duty Rule has resulted in dislocations or disruptions within the retirement services industry that may adversely affect investors or retirees; and
(iii) Whether the Fiduciary Duty Rule is likely to cause an increase in litigation, and an increase in the prices that investors and retirees must pay to gain access to retirement services” (White House – ‘MEMORANDUM FOR THE SECRETARY OF LABOR SUBJECT: Fiduciary Duty Rule’ – 3rd February 2017).
These here is simply put order where Trump is putting in place less legislation and regulation on banking sector where they trade financial instruments to costumers, the citizens and the ones beholden the retirement funds. These are now set in place in a way where the advice from bankers are put so they get legal advice they see fit for their situation and not for what the banks earn the most on each client. With the new legislation, the bankers can in general sell bad investment portfolios to costumers and gain massive fortunes on the bad investments. This is what the Koch Brothers wants to achieve through their PAC.
Than you have the other latest Executive order which state this:
“Section 1. Policy. It shall be the policy of my Administration to regulate the United States financial system in a manner consistent with the following principles of regulation, which shall be known as the Core Principles:
(a) empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth;
(b) prevent taxpayer-funded bailouts;
(c) foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry;
(d) enable American companies to be competitive with foreign firms in domestic and foreign markets;
(e) advance American interests in international financial regulatory negotiations and meetings;
(f) make regulation efficient, effective, and appropriately tailored; and
(g) restore public accountability within Federal financial regulatory agencies and rationalize the Federal financial regulatory framework” (White House – ‘CORE PRINCIPLES FOR REGULATINGTHE UNITED STATES FINANCIAL SYSTEM’ – 3rd February 2017).
This is where you see that the business oriented President Trump has put in place two different sort of orders, with the outcome of deregulating the financial industry, the ones trading and selling financial advice to their costumer’s, the other where they are focused of giving the financial decisions directly to the companies. Hereby giving the full power of all instruments to the financial industry and their corporations, that instead of regulating the financial and fiscal regulations that could stop the economy from cracking; with none or lose regulation could give the enterprises a free will that could led them to bubbles. First it would give enormous souring profits, but after the bubble burst the recession and cause massive loses to all citizens who invested in speculative business.
Koch brothers are surely having a wish-list that is starting to be achieved as even coal-legislation has been mentioned to be voted in the U.S. Congress. Therefore the plans of the Freedom Partners and the steps to repeal the regulations of Obama will cease to exist. This is certainly to vanish the print of legislation that we’re for common good and not only for corporate greed.
Step two of the Wish-list of the Koch Brothers we’re these:
“STEP 2. LONGER-TERM OPPORTUNITIES
All other regulations passed before June 13, 2016 can be repealed in at least one of three ways.
The Koch brothers with their plans are certainly set into plan or has least showed to the transitional team, as the legislation for certain aspects are put into action. So the plans to achieve their needed lesser legislation and lassies-faire economy are surely on their way. They have already started and the Freedom Partners PAC is effective. What the world should wonder about, what the PAC gave the Trump Administration since they are obliging them so magnificently. Secondly, what did the PAC to do the Republican Congressmen and Senators to gain their votes and get them to enact bills that they want to see?
We can question the power of the Koch Brother can be shown here, as the Republican have succumbed to the will of donors, instead of caring of the U.S. people wish to see. That can be seen as the legislation of late is friendlier of corporations than of the will of people. This will continue under businessman Trump and his running mates in cabinet. Trump Administration might deliver on more of this list of the Koch brothers. As they have started already. This can only indicate what the Trump administration will continue to strive towards as their ally and friendly future donor might want more legislation to pass or to be repealed to secure vast fortunes. Peace.