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President Trump Would Destroy Dodd-Frank Because Hillary Is Too Close To Wall Street

If you don't think about it too hard, it makes sense.

At this point in the 2016 election cycle, we can just do away with the notion of logical political consistency.


Donald Trump has already made it crystal clear that he will spend much of the general election tying Hillary Clinton to Wall Street in negative attacks that will certainly have a Trumpian subtlety. Calling out your opponent as too close to the financial sector would usually seem impossible for a New York City-based billionaire, but this is The Donald we're talking about; a man whose very being bends the objective truth around it like a gaudy piece of cubic zirconia refracts light.

And if you needed proof of Trump's inability to play it down the middle, check out this preview of his new plan for financial regulation.

Republican presidential candidate Donald Trump said on Tuesday that sweeping financial reforms put in place under President Barack Obama were harming the economy and he would dismantle nearly all of them.
Trump told Reuters in an interview that he would release a plan in about two weeks for overhauling the 2010 financial regulatory law known as Dodd-Frank.
"Dodd-Frank has made it impossible for bankers to function," the presumptive Republican nominee said. "It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop."
Pressed on the extent of the changes he wanted to make, Trump said, "it will be close to dismantling of Dodd-Frank."

See? Hillary is so close to Wall Street that Trump will tear apart the most nettlesome regulatory package in modern history. That's just how logic works.

That's also how raising a metric sh!t-ton of campaign contributions in almost no time at all works. Trump's need to to accelerate fund-raising after self-funding his primary is an open secret and it is now appears that the hedge fund talent he's using to get that cheddar have made it obvious to Trump how he gets it.

By coming out against Dodd-Frank, Trump can make Hillary do things like this:

Reacting on Twitter to Trump's comment, Democratic presidential front-runner Hillary Clinton called it a "reckless idea" that would "leave middle-class families out to dry."

That puts Hillary on the left of where most Wall Street types want her but still to the right of the Sanderista/Warrenista junta that is physically angered by her existence and whom she needs on her side to win the White House. Trump's Dodd-Frank tactic squeezes Hillary into a spot where she does not want to be politically while giving him a legitimate shot at syphoning off some of her Wall Street donations.

How long Trump can keep this up remains to be seen, but it's a nice glimpse into the new strategic thinking being employed by the maturing Trump campaign. Donald is done with the extemporaneous populist rabble rousing about "Hedge fund guys" and "Worst banker in the United States, Jamie Dimon" and will instead become Wall Street's new best friend...if the checks are ample enough.

Your move, Hillary.

Trump preparing plan to dismantle Obama's Wall Street reform law [Reuters]


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