Many have confused our President’s campaign rhetoric of speaking to a disenfranchised audience with his actually protecting their interests. When you look beneath the bullying of companies which are more pomp than circumstance, he is doing an interesting low profile job of screwing over Americans.
What do I mean by this? Here are a few examples:
– He wants the Consumer Financial Protection Bureau unwound or made less effective. The CFPB has been hugely successful at punishing banks, credit card companies and other lenders for aggressive and fraudulent marketing. Over 90% of the fines go to the jilted customers. They have fined WellsFargo, American Express, Bank of America, e.g.
– Within hours of his inaugural speech to protect us Americans, he signed an order that reversed a mortgage premium reduction for homeowners that were required to buy mortgage insurance – this would have benefited over a million people who could not afford a lot down on their home.
– He wants to repeal the ACA which largely helps people making less than 4 times the poverty level. These folks will likely lose access to insurance on a guaranteed issue and renewability basis along with a premium subsidy. Access without either would be detrimental.
– Selecting an EPA cabinet leader who detests the EPA will create burdens on poorer Americans as they bear the brunt of environmental problems living closer to coal ash sites, supplied water by older pipes, and subject to more air and water pollution. We must protect our environment for all Americans, but we should be mindful of the strength and pace of job growth in the renewable energy industry.
– And, as a lightning rod, he tells people to buy American when the ball caps in the audience are mostly made in China, Vietnam and Bangladesh as are most of his and his daughter’s products. Do as I say, not as I do seems to apply.
There are other examples. The inanity of his words distract us from the agony of his pen and history. Pay attention to his actions. That is where the proof will lie. I do hope he does some good things, but we need to keep him as honest as we can.