Quantcast
Connect with us

Trump’s deregulatory push backfires as companies that were expected to benefit face harm

Published

on

President Donald Trump’s primary pitch to his base—in addition to his pledge to build a wall—is that his acumen as a businessman makes him a good steward of the economy.

But from Trump’s trade wars with China to his alienating of European allies, the president’s policies are starting to hurt the people and industries he claims to be helping.

ADVERTISEMENT

Bloomberg reports that the Trump administration’s zeal to deregulate industries is having a negative impact on some.

“In the latest instance, the Environmental Protection Agency unveiled a proposal Thursday to eliminate mandates paring methane leaks from oil wells — despite major oil companies insisting they don’t want the relief,” Bloomberg writes.

“Similarly, automakers and the nation’s top business lobbying group are begging the White House to alter course in its plans to weaken fuel efficiency standards and pick a fight with California. And power-plant operators say an administration effort to undermine requirements for mercury pollution controls may keep them from recouping the cost of that equipment,” they added.

“Trump’s zeal to deregulate — even when the regulated industries advise against it — runs counter to the pro-business ethos of previous Republican presidents, whose policies may have been more aligned with commercial priorities,” Bloomberg continues. “Yet the approach underscores Trump’s populist streak and is another reminder this “is not a typical Republican administration,” said GOP energy strategist Mike McKenna.”

“What many fail to grasp — and what may be the most important characteristic of this administration — is that it is largely indifferent to arguments driven solely by commercial interests,” McKenna said. “They believe that consumers, workers, citizens are the most important reference points in decisions.”

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Fox News hosts are going back to downplaying threat from coronavirus: report

Published

on

Major Fox News personalities like Sean Hannity spent weeks assuring viewers that the novel coronavirus wasn't a serious threat. In recent weeks, however, they have shifted to a different narrative, acknowledging that the virus is dangerous but giving President Donald Trump credit for taking action and criticizing Democrats' lack of action — even though many Democrats, in fact, warned the pubic first.

But according to The Daily Beast, even as there is no clear end to the crisis in sight, and even as the U.S. crosses 13,000 deaths, many Fox News hosts are going back to downplaying the virus, either telling viewers it wasn't as bad as advertised and urging the president to end public safety measures against it.

Continue Reading

Breaking Banner

The dangers of Trump TV: MSNBC host hammers Fox News as ‘genuine public health threat’ amid pandemic

Published

on

Tuesday night, Fox News decided that all anyone needed to do is to pump Americans with a Malaria drug and send them back to work to save President Donald Trump's economy.

Speaking Wednesday night, MSNBC host Chris Hayes bashed the conservative network for downplaying the seriousness of coronavirus, saying that they are "a genuine public health threat."

While Trump has advisers like Dr. Anthony Fauci, he also has the unofficial advisers he sees on Fox News.

They "are coalescing around the idea the whole thing is just overblown and we need to pump everyone full of the malaria drug and get them back to work. This is what you heard if you watch trump tv just last night," Hayes said. He then played clips illustrating exactly that, with hosts ranting and raving about the virus not being as serious as the flu.

Continue Reading
 

Breaking Banner

‘Don’t let him rewrite history’: GOP ex-congressman slams Trump for painting fewer than 100,000 COVID-19 deaths as a victory

Published

on

At Wednesday's coronavirus task force press conference, President Donald Trump reiterated his claim that if fewer than 100,000 Americans die from COVID-19, it will be a victory for him.

Former Rep. Joe Walsh (R-IL) had none of it.

He ignored the warnings. He ignored the scientists & doctors. He refused to prepare. He lied about the virus. This country wasn’t ready. People got sick. People died. People lost their jobs. Because he cared more about himself than the country.

Don’t let him rewrite history. https://t.co/9snqoJ1VQI

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image