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Obama slams Trump for promising to roll back Wall Street reforms

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President Barack Obama slammed Donald Trump’s proposal to weaken Wall Street reforms and touted his own economic record on Wednesday during a trip to a city he visited three weeks into his presidency that has recovered from its recession lows.

Obama’s remarks in Elkhart, Indiana, foreshadowed the arguments he is likely to make on the campaign trail this fall against the likely Republican presidential nominee.

Obama did not mention Trump by name, but he lambasted the billionaire’s policy proposals, particularly his promise to dismantle most of the U.S. Dodd-Frank financial regulations.

“How it is that somebody would propose that we weaken regulations on Wall Street? Have we really forgotten what just happened eight years ago?” Obama said, sounding exasperated.

“The notion that you would vote for anybody who would now allow them to go back to doing the same stuff that almost broke our economy’s back makes no sense. I don’t care whether you are a Republican, or a Democrat or an independent, why would you do that?”

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Obama, who leaves office in January, is eager to have a Democrat succeed him to ensure his legacy on the economy, healthcare reform and climate change continues.

By going to Elkhart, the president sought to illustrate the success of his policies in the face of Republican opposition. His trip to the city in early 2009 came in the middle of a fight for the U.S. Congress to pass a roughly $800 billion economic stimulus package.

Elkhart had an unemployment rate as high as 19.6 percent in 2009, the White House said; it is now around 4 percent.

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Indiana’s Republican Governor Mike Pence said the city had recovered despite Obama’s policies, not because of them.

“I believe the people of Elkhart … have brought our economy back in spite of the burdens that higher taxes, mandates and increasing regulations from Washington, D.C. have placed on them,” he wrote in an opinion piece published in “The Elkhart Truth.”

Obama has not endorsed former Secretary of State Hillary Clinton in her race for the Democratic presidential nomination against Bernie Sanders, the U.S. senator from Vermont, but he has made his eagerness to campaign for the winner clear.

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He name checked Clinton’s husband, former President Bill Clinton, by noting deficits had fallen under both of their administrations, and he said Republicans had helped the rich by blaming poor people, minorities, feminists, and immigrants for squeezing the economic wellbeing of the middle class.

“The primary story that Republicans have been telling about the economy is not supported by the facts. It’s just not,” Obama said to a largely supportive crowd at a local high school.

(Additional reporting by Timothy Gardner in Washington; Editing by James Dalgleish)


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Elections 2016

Russian Twitter propaganda predicted 2016 US election polls

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When Robert Mueller completed his long-awaited investigation into Russian interference in the 2016 presidential election, he left many questions unanswered.

But one conclusion was unequivocal: Russia unleashed an extensive campaign of fake news and disinformation on social media with the aim of distorting U.S. public opinion, sowing discord and swinging the election in favor of the Republican candidate Donald Trump.

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Elections 2016

Beto O’Rourke calls for a ‘war tax’ in release of health care plan for veterans

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The Democratic presidential candidate uses his eighth policy announcement to focus on an area that he prioritized in Congress.

Democratic presidential candidate Beto O'Rourke on Monday morning released a plan to improve the lives of veterans, returning to an area of priority during his time in the U.S. House for his latest 2020 policy rollout.

In keeping with measures he supported in Congress, the plan calls for a "responsible end" to the wars in Iraq and Afghanistan — reinvesting $1 out of every $2 saved in veterans programs — and the creation of a Veterans Health Care Trust Fund for each future war. The fund would be paid for by a "war tax" on households without service members or veterans.

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Elections 2016

Conservative Ben Shapiro tweeted something many found offensive — so now he’s calling his critics ‘garbage’

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Right wing "thought leader" Ben Shapiro appeared today to say not using the "N" word is nearly impossible as he defended conservative, pro-gun teen Kyle Kashuv, one of the Parkland survivors who just had his acceptance to Harvard rescinded over his racist remarks, which included repeated use of the "N" word.

To be clear, Shapiro denies that's what he meant.

Here is Shapiro on Twitter, in what many took as him appearing to call not using the "N" word – in Kashuv's case, repeatedly, over and over and over again, "an insane, cruel standard no one can possibly meet."

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