Tuesday, December 19, 2017

The Wells Fargo Candidate

As a candidate, in July 2006 Donald Trump declared "We must maintain law and order at the highest level or we will cease to have a country, 100 percent. We will cease to have a country. I am the law and order candidate."

Thirteen months later, President Trump tweeted "Phoenix crowd last night was amazing — a packed house. I love the Great State of Arizona. Not a fan of Jeff Flake, weak on crime & border!”  (That same Jeff Flake is voting to give Donald Trump a huge legislative victory on taxes.) Endorsing Roy Moore, on November 21, he told reporters that Doug Jones' record is "terrible on crime. It’s terrible on the border. It’s terrible on the military. I can tell you for a fact, we do not need somebody that’s going to be bad on crime." That was Doug Jones he was talking about.

Donald Trump has spoken out so often against crime and in favor of law and order you might think he actually is opposed to crime. "After crashing the world economy and costing millions of Americans their jobs," Bernie Sanders tweets, "Citigroup & Goldman Sachs took $3.7 trillion in taxpayer bailouts. Now, the GOP is giving them a $15.2 billion tax break."  And President Trump is exultant despite- no, probably because

Wells Fargo in 2016 was fined $185 million for issuing millions of fake credit card accounts. In 2017, it was caught overcharging clients on currency trades and improperly charging homebuyers to lock into low mortgage rates.

And in 2018, it could be about to get the best tax deal of all the big banks.

The Republican tax bill, which seeks to lower the corporate tax rate to 21 percent from 35 percent, would lead to an average 14 percent in earnings growth for seven of America’s largest banks next year, according to a Monday note from Goldman Sachs analyzing the plan’s implications. (Goldman does not include itself in its analysis.) The biggest winner: Wells Fargo, which would see its earnings jump by 18 percent thanks to the GOP proposal.

Families poor enough to need the earned income tax credit, individuals wanting helath insurance, and the elderly are among the big losers in the GOP's Corporate Tax Scam of 2017. Now, Ryan & McConnell & Co., sticking it to needy Americans for the benefit of the likes of Wells Fargo,.is cheered on by the con artist who has masqueraded as the "law and order" candidate and President.


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