The Trump/Obama Republican/Democrat Regime

CodyWillard

Remember how I kept saying that President Trump would turn out to be extremely friendly to giant corporations and banks and how he wouldn’t be anything like the so-called Populist he pretended to be? Long-time readers and those who used to watch me on TV would also remember that I kept saying that President Obama would turn out to be extremely friendly to giant corporations and banks and how he wouldn’t be anything like the so-called Hope and Change candidate he’d pretended to be. Well, did you know that the guy Trump has put in charge of fixing Fannie Mae and Freddie Mac was the head of the Morgan Stanley mortgage packaging unit and got himself and his firm in big trouble for selling crap to Fannie Mae and Freddie Mac doing their part to help cause the Great 2008 Financial Crisis? “As the leader of Morgan Stanley’s mortgage desk during the peak mortgage-mania years of 2004 and 2005, he ran the operation that bundled loans and sold them to the two government-sponsored enterprises. When those loans blew up and the government sued Morgan Stanley, Mr. Phillips was a named defendant in the initial case — a case that resulted in the firm paying a $1.25 billion settlement.” (See NY Times: The Man in Charge of Fixing Fannie and Freddie Knows Them All Too Well.) And also regarding Trump, did you see these headlines about Trump’s economic policy so-called “shifts”? See all over today: 3 Trump Reversals Hint at Shift From Populism to Wall St. “Mr. Trump backtracked from labeling China a currency manipulator, said that he no longer wanted to eliminate the Export-Import Bank, and that he might retain the chairwoman of the Federal Reserve.” Does that sound like populism and/or reform? Going back to Obama, you do remember that Obama expanded the trillions of dollars of bank bailouts when he took office, right? And just as I’d explained along the way, Obamacare, Frank-Dodd, and every other bill that passed during Obama’s Administration was written by corporate lobbyists. And just as I’d predicted, those policies did indeed help drive corporate and bank profits and profit margins and share of GDP to all-time highs along with the stock market. There’s a lot of denial from any Republican or any Democrat who’s stuck in the partisan noise/distractions/propaganda and any pundit/writer you see is full of commentary about “Well, we need to see what the Trump administration…” Let’s try to keep our http://TradingWithCody.com analysis, at least, partisan-free when we analyze the economy, the stock markets, the politicians in power, etc.