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Government working for the people

Antics-From the New York Times, 2/3/17

The Republican-controlled House voted on Friday to overturn an Obama administration rule that sought to reduce harmful methane emissions into the environment, part of the Democratic president’s campaign to combat climate change. The House vote followed action in the Senate earlier Friday ending an Obama-era regulation that requires oil and gas companies to disclose payments to foreign governments for mining and drilling.

The House and Senate also gave final approval this week to a measure that eliminates a rule to prevent coal mining debris from being dumped into nearby streams.

…the Senate used an unusual pre-dawn vote to approve legislation, 52-47, killing a regulation that has required oil and gas companies to disclose payments to the U.S. or foreign governments for commercial development. The House approved the measure this week, and Trump is expected to sign it.

He [Trump] told the group that he expects his administration “to be cutting a lot out of Dodd-Frank because frankly I have so many people, friends of mine that have nice businesses that can’t borrow money. They just can’t get any money because the banks just won’t let ’em borrow because of the rules and regulations of Dodd-Frank.” Trump will also sign a presidential memorandum Friday that instructs the Labor Department to delay implementing an Obama-era rule that requires financial professionals who charge commissions to put their clients’ best interests first when giving advice on retirement investments.The rule, which was set to take effect in April, will be delayed for 90 days while it’s reviewed. The so-called “fiduciary rule” was aimed at blocking financial advisers from steering clients toward investments with higher commissions and fees that can eat away at retirement savings. Critics argue the rule limits retirees’ investment choices by forcing asset managers to steer them to the lowest-risk options.

Letter to editor, Reno Gazette-Journal-2/3/17 “gaslighting.” The definition: “a form of manipulation through persistent denial, misdirection, contradiction, and lying in an attempt to destabilize and delegitimize a target … hoping to make them question their own memory, perception and sanity.”

 

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