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Restoring Glass-Steagall likely campaign rhetoricPaul Brian
The Hill
Trumps support for Glass-Steagall was fairly vague in the election, but did exist. On the trail in October, he told a crowd he wanted a modern, 21st-Century version of Glass-Steagall, emphasizing that it would be especially aimed at helping African-American businesses get the credit they need.
Indeed, Glass-Steagall was also an important part of Sanders platform that had supporters (and opponents) on various areas of the left and right.
For Team Trump, bringing it back up was a way to stick it to the Clintons and Wall Street all at once.
However, like the lock her up chants and the claim that hed appoint a special prosecutor to investigate Hillary Clinton, restoring Glass-Steagall was merely a political tactic rather than a firm position. As Trump said recently on his victory tour, now we dont care.
As CNBC reported, skepticism was high that such a law could be passed even if Trump tried.
No one is actually worried this will become law, one banker said.
mercuryblues
(14,531 posts)never an issue with trump voters. Not al all. A great majority of them have never heard of G/S. Even if they did all they know is the republicans won't pass it or any other bank reforms. Which is another reason why the economy was used to justify their vote. If the economy was a real issue they would have at least learned that the republicans have blocked every Democratic bill that would actually help the economy.
Just like trump's infrastructure promise. Obama tried that to keep the economy out of the toilet and the fuckers protested against it. Now that trump says it, they are all gung ho about it and wondering why the Dems didn't do this. They are truly that invested in their political party. It has nothing to do with what is good for America and everything to do with what republican power. We could have had this 8 years ago.
uponit7771
(90,336 posts)Iggo
(47,552 posts)Last edited Fri Dec 30, 2016, 03:04 PM - Edit history (1)