Financial Reform
To quote Jamie Dimon of JP Morgan Chase before Congress on June 13, 2012, "I believe in strong regulation, not necessarily more regulation". He also said continuing to add regulation on top of bad, ineffective regulation would just make it more complex and costly and less effective. That is the common sense approach, with out political maneuvering. People are concerned when they hear that Congress invites industry experts in to discuss development of laws and regulations for fear of watering down the law/regulation. So, that means they would rather have politicians in Congress who DO NOT understand the industry, develop a new law/regulation on their own? That hurts the industry, the economy and the employees and clients of the industry in question. If Congress is the "executive" representing the people of the US, they should use industry experts and make strong and proper executive decisions that create effective laws with positive results for the country.

Kudlow Into The Breach

from The Wall Street Journal,

Trump needs his new economic chief’s focus on policies for growth.

Equity markets stumbled Wednesday after President Trump tweeted his enthusiasm for more trade brinksmanship even as first quarter economic growth estimates are falling. Congratulations and good luck, Larry Kudlow, who said he has accepted Mr. Trump’s offer to run the White House National Economic Council. The long-time CNBC commentator is an excellent choice to replace Gary Cohn, having helped Mr. Trump craft his campaign tax plan. Mr. Kudlow, a stalwart from the GOP’s growth wing going back to the Reagan Administration, also played a crucial role persuading Congress to support the reform that passed in December. He spent hours with Senators making the case for the supply-side benefits of tax reform, which passed without a single Democratic vote.

“We don’t agree on everything, but in this case I think that’s good,” Mr. Trump said on Tuesday. “I want to have different opinions. We agree on most. He now has come around to believing in tariffs as a negotiating point.”

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