Trump regret!
Remember when...*The banking institutions were charging outrageous interest rates and fees, *The credit card companies were pushing low initial interest rates and unrestricted and easy credit applications to get debtors and to transfer debt from one card to another and then the rates skyrocketed, and Americans were building up debt at alarming rates, *The economy was crashing and Mortgage companies were forclosing on people’s homes like crazy, *Retirees pension plans were being tapped into and then lost during the financial meltdown during the Bush days, *People’s retirement plans were being traded away during the Bush days, *People needed to tap into and and drain their savings just to live? Those were the “good old days”. Remember when during the Obama administration they had to bail out some financial markets but put stricter regulations into play and credit card companies had to work with debtors to try to get back on track, eliminating a lot of the debt at times? Remember when during the Obama administration mortgage holders had to work with homeowners and stop forclosing on their homes, and more consumer protections were put into play? Well, Donald Trump and the Republican Party want to Make America Great Again; they want to un-do anything Obama has done, including get rid of all those wasteful consumer protections and restrictive regulations. And because all the debt that will be created due to all of Trump and the GOP’s not-self sustaining spending plans, and the lack of revenue due to the tax cuts on the top 10% there won’t be any money for that debt. Trump’s new Transportation Secretary choice Elaine Chao discussed just that in her opening statement for her confirmation hearing, regarding the amount of debt that would be needed for infrastructure, highways, bridges. She mentioned something about the need for creative financing and people’s pension plan funds among other things. Be on the lookout! They want to return to the “good old days”.