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Public Citizen
Financial policy advocate for Public Citizen, a progressive policy organization; former Chief of Investigations for the US Senate Banking Committee
PROFILE
Bart Naylor
Guest
FROM Bart Naylor
To the Point
The President's Latest Message: 'There's No Time to Lose' With a sense of urgency, President Obama has announced a host of new financial regulations . His stated goals are to protect retirement accounts, make big corporations pay their taxes, and bolster organized labor. Business interests and Republicans call it a "regulatory rampage" -- but disappointed progressives say he's waited too long. Stakes include the legacy of the Obama Administration. In this week's address to the people, the President highlighted two of the new regulations he's imposed to make financial advisors responsible to their clients and to stop corporations from merging with foreign companies to avoid US taxes. During a news conference last week, he explained, "When companies exploit loopholes like this it makes it harder to invest in the things that make the economy work for future generations. It sticks the rest of us with the tab and makes hard working Americans feel like the deck is stacked against them"
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Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.