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Chomsky: Trump’s Wall Street cabal will crash the economy — and taxpayers will be left holding the bag

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Noted linguist and commentator Noam Chomsky warned that President Donald Trump’s decision to load up his cabinet with Wall Street insiders has put the U.S. on a collision course to another crash — and that taxpayers will once again be expected to pick up the tab.

According to an interview posted by AlterNet, Chomsky said one need only look at Trump’s appointees — including multiple executives from Goldman Sachs — who will roll back the type of regulations put in place after the 2008 crash and then the inevitable will happen.

“Take a look at Trump and take a look at who’s appointed for the cabinet,” Chomsky explained. Treasury Secretary Steve Mnuchin, “comes from Goldman Sachs, a major investment firm where he was for almost 20 years.”

“As soon as Trump was elected, and since, stock values in financial institutions escalated to the sky,” he continued. Investors are “delighted he’s going to eliminate regulations, let them make more profit; of course, it’ll lead to another crash, but that’s somebody else’s problem. The taxpayers will take care of that.”

After his inauguration, one of Trump’s first executive orders was to direct federal agencies to report back within 120 days parts they believe of the Dodd-Frank financial reform law they believe should be jettisoned. Another tasked the Labor Department to halt work on a “fiduciary rule,” that would compel financial advisers to act only based on their clients’ best interests.

According to House Minority leader Nancy Pelosi (D-CA), “Instead of fighting for hard-working families abused by our economy, as he promised in the campaign, the president and his billionaire Cabinet have abandoned Main Street to enable Wall Street’s corrosive profiteering of the banks on the back of hard-working Americans.”

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Fellow California Democrat Maxine Waters warned, “In Trump’s America, Wall Street comes first and Main Street picks up the tab.”

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Pentagon gives senators classified briefing on UFOs reported by the Navy

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While it might sound like something out of "The X-Files," Navy pilots have been seeing UFOs, and U.S. Senators now want to know what's happening.

According to Politico, three more senators met with Pentagon officials for a classified briefing Wednesday about encounters pilots are having with unidentified aircraft. It seems the Pentagon is getting more and more requests by officials with high clearances to figure out what's happening.

The crafts are, at their most basic, nothing more than "unidentified aircraft," and while it isn't likely they're little green men, there are some senators who might have concerns about whether these UFOs are actually a foreign adversary.

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Wall Street Journal issues blistering editorial asking Trump what the point is of a second term

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In a blistering editorial, the Wall Street Journal is asking President Donald Trump what the point of a second term is since he hasn't done anything in his first term.

During his rally in Orlando Tuesday, Trump repeated the same tired lines and same tired policies from 2016. The "Promises Made, Promises Kept" slogan shown over the crowd, yet the supporters didn't understand the irony.

"The most striking fact of his speech was how backward looking it was," the editorial board said. "Every incumbent needs to remind voters of his record, Mr. Trump more than most because the media are so hostile."

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‘Crosses a line’: New York Times publisher unleashes on Trump for accusing paper of ‘treason’

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On Wednesday, New York Times publisher A. G. Sulzberger wrote a blistering editorial in the Wall Street Journal, saying that President Donald Trump's latest attack on his paper "crosses a line."

First it was the "the failing New York Times." Then "fake news." Then "enemy of the people," wrote Sulzberger. "President Trump's escalating attacks on The New York Times have paralleled his broader barrage on American media. He's gone from misrepresenting our business, to assaulting our integrity, to demonizing our journalists with a phrase that’s been used by generations of demagogues. Now the president has escalated his attacks even further, accusing the Times of a crime so grave it is punishable by death.

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