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Trump Reality Check


Restorium2

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I have helped my kid with homework for years. None of this supposed "common core" crazy math was taught. Where are people even coming up with this stuff? Your link with alleged examples is dead. You are just spewing bumper sticker talk and don't even understand the issue, as stated prior in the thread.

Well I just did some of this "dead math"homework last night

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Well I just did some of this "dead math"homework last night

The thing about this that I see over and over is people who support Trump don't do any real research on the issues and just grab the talking points and run with them.

It's like you using Fox Farm nutes for years but not knowing that you were missing the most important part.

You could have googled Common Core and learned about it in less than a hour.

You could have googled Fox Farms feeding schedule and learned in about 10 minutes.

Come into the information age and use what is at your disposal to be more accurate on everything in your life.

I know it sounds harsh again but how else do you help a mushroom into the light?

The majority of people who voted for Trump are mushrooms that need to be shown the light.

But they are very arrogant and think they know it all so they would rather fight than come to the light of reality on issues or most anything else.

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I have helped my kid with homework for years. None of this supposed "common core" crazy math was taught. Where are people even coming up with this stuff? Your link with alleged examples is dead. You are just spewing bumper sticker talk and don't even understand the issue, as stated prior in the thread.

One thing about math, it's always the same ... because it's math. I've been helping kids with their math homework, grade school and college, since the 70's and it never changes. 

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All just BS at this point.

Show me some positive RESULTS.

Something real, not fake. 

Still BS for the foreseeable future but, FWIW, I spoke with a friend who lives in Boulder, CO and knows Boulder District Attorney Stan Garnett, whom Trump has appointed to his Marihuana Policy working group.  My friend says Garnett "is a democrat and will be very moderate on pot as the law has worked in Co."

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I remember the "new math," introduced in 1964. It was effin' algebra. The bright yellow text books were shouted at by reactionaries who argued that it was stupid and unnecessary. Having to show your work? That was silly, they said. What came of it were advancements in technology that we all enjoy today that almost unarguably could not have been realized without. Learning to approach abstractions to come to solutions was given priority and put us on the moon. CC math is intended, along with English arts, to teach a more abstract form of critical thinking that is intended to take us into and drive the post modern change that is happening around us. Modernism is at, if not altogether past, its end, having brought us as far as its limits permit. It is to be expected that there will be push back from reactionary corners. By the same token, it will be advanced by progressive forces. Count me among the progressives. It may be slowed, but will not be stopped, barring some unforeseen catastrophe.

 

Something I think good is to teach some form of high school English module in rudimentary epistemology. It is being taught in some scattered districts. The field, taught in college classrooms, in its entirety is too esoteric to be taught to those young people, but an abbreviated intro to the topic would bump the odds that our kids can and will recognize those failures that are untruths, steering clear from them and calling them out when they see them. Trumpkins would no doubt hate the notion. CC offers districts the opportunity to include the subject in their curricula, and I think it nicely dovetails with CC standards. It goes without saying that a preponderance of the population argues from a state of ignorance. They did, after all, elect this buffoon. Hey. My palm meets my face every day, several times a day.

Edited by GregS
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Ok,.. no defense for previous actions except common core which had no impact on the complaints about it. Republicans held on to No child left behind and filibustered 26 education bills that may have fixed most of the problems across the board.  They finally allowed minimal changes in 2015.  *shrug*  Republicans WANT education to fail so they can PRIVATIZE it and make money while skimming your childs education money.  It''s ugly.

 

Anyhow,... today?

At a White House meeting with top corporate chief executives, including Jamie Dimon of JPMorgan Chase & Co., Trump said Friday that major reductions in financial regulations were coming.

 

After the CEO meeting, Trump signed an executive order directing the Treasury secretary to consult with regulators about what needs to be done to fix the Dodd-Frank Wall Street Reform and Consumer Protection Act and to report back.

 

Passed in 2010 in the wake of the financial crisis, the legislation toughened capital requirements for banks and other financial firms, set up a powerful panel of regulators to watch for signs of instability and created the Consumer Financial Protection Bureau to oversee credit cards, mortgages, payday loans and other financial products.

 

The agency has been praised by Democrats and consumer advocates for cracking down on abuses by financial firms. It was a key player in the $185-million settlement that Wells Fargo & Co. agreed to pay last year for the creation of as many as 2 million accounts without customer authorization.

 

 Trump also issued a memo to the Labor Department to cease implementation of the retirement advisors rule.

 

The new restrictions on retirement advisors were set to start being phased in on April 10. Known as the fiduciary rule, it requires investment brokers who handle retirement funds to put their clients' interests ahead of other factors, such as their own compensation or company profits.

 

The Labor Department rule was designed to prevent consumers from being steered toward IRAs and other retirement investments with higher fees or lower returns that benefit the advisors recommending or selling them. 

The Obama administration estimated that those conflicts of interest cost Americans $17 billion a year.

 

 

 

 

Anyone care to defend that shite?

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For the past two years, we heard endless thumbsucking from the corporate conservative media of the world that Donald Trump was a different kind of Republican, that he was running a "populist" campaign, that he would "upend Republican orthodoxy." Because he couched it in barely veiled racism and xenophobia, enough of the suckers bought it to tip the election in his favor. Now, however, the rubber is meeting the road.

 

Those nice white "forgotten people" will now be free to have their pensions swindled out from underneath them by sharpies whose bonuses depend on how much money they can steal. They will find themselves paying usurious interest rates on their credit cards because of a clause written in Swedish, in .00009 point type, on the back of their monthly statement. And then, when it all comes crashing down again, they'll have to look for somebody to blame, and it won't be them, it's never their own fault, and it won't be the charlatan they elevated to the White House. And someone else will run for president, and give them the proper scapegoat, and Corporate media  will ask all the wrong questions of all the wrong people again.

 

It's morning in America.

 

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White House memo confuses Wall Street on fate of fiduciary rule

BY SARAH N. LYNCH AND ELIZABETH DILTS, REUTERS - 1:22 AM ET 2/7/2017TOP NEWS

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201702070100RTRSNEWSPHOTOS___L1N1FR105_1

WASHINGTON/NEW YORK, Feb 7 (Reuters) - Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place, but they are taking no chances and complying anyway.

President Donald Trump's Friday memorandum ordered theLabor Department to review the so-called "fiduciary" rule, which requires brokers to put their clients' interests first when advising them about 401(k) plans or individual retirement accounts.

But that call for a review was significantly weaker than an earlier draft, seen by Reuters, that requested a 180-day delay in the scheduled April 10 effective date of the rule, which is already on the books.

Trump's memo did not go as far as White House early guidance to reporters that the memo would ask the department to "defer implementation" of the rule.

It is not clear to Washington insiders just how quickly or easily the Labor Department can delay implementation of the rule.

And while most expect there will eventually be a delay, it still is not clear to Wall Streeters who have already started changing their business models whether they can count on a deferral or reversal of the regulation.

"There's confusion because it injected a whole lot more noise into the system with very little specificity about what is to come," said Michael Spellacy, the head of PWC's wealth management consultancy, who said he spent most of his weekend on the phone with the heads of 35 U.S. brokerages they are advising discussing the memo and its implications.

Legal experts say the Labor Department likely will have to undertake a formal rulemaking process in order to delay the rule's implementation - a process that cannot happen overnight, and that may be further delayed by the lack of a permanent Labor Secretary.

Trump's choice to be Labor Secretary, Andrew Puzder, has seen his own confirmation indefinitely postponed in the Senateamidst delays with his ethics paperwork.

One other possible wrinkle that could impact the rule's implementation, meanwhile, is a pending legal challenge in a federal court in Texas.

Last week, the judge said she plans to rule no later than Feb. 10.

The fiduciary rule is separate from the banking rules that were put in place after the 2008 financial crisis. Trump has also ordered a review of the 2010 Dodd-Frank reform.

 

EXPECTING A DELAY, BUT COMPLYING ANYWAY

In the meantime, lawyers are advising their financial services clients to continue preparing for the upcoming deadline.

"What is clear from the memo is that we don't have certainty yet," said Michael Kreps, an attorney with the Groom Law Group.

The White House did not explain why it scaled back its memo, but legal experts say it was most likely changed because the prior version may have violated the Administrative Procedures Act - a federal law that governs the rulemaking process.

That law requires public notice and a comment period before changes to a rule can be made.

Had Trump proceeded with the original plan for a 180-day delay, the change could have been vulnerable to legal challenges.

Legal experts say the Labor Department has a few possible options.

It can issue what is known as an "interim final rule," which would immediately delay the effective date while seeking comments from the public on why a delay is justified.

Or, it can issue a proposed rulemaking to delay the rule's compliance deadline, give the public 30 days to comment, and then issue a final rule.

A Labor Department spokeswoman reiterated on Monday that the department is reviewing its legal options to delay the rule, but declined to elaborate.

Kenneth Laverriere, an attorney at Shearman & Sterling, said he fully expects the rule to be delayed eventually, though it will come after companies have already spent a lot of money to comply.

Three of the biggest U.S. brokerages, Bank of America Corp's Merrill Lynch, Morgan Stanley and Wells Fargo Advisors, said Friday's memo will not change compliance plans the firms already have in place.

Of those, Bank of America intends to adopt the most aggressive changes with its plans to scrap selling brokerage IRA accounts starting in April.

"The genie is certainly out of the bottle," Laverriere said. (Reporting by Sarah N. Lynch in Washington and Elizabeth Dilts inNew York; Additional reporting by Ayesha Rascoe in Washington; Editing by Linda Stern and Lisa Shumaker)

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What I find the most interesting, is just how much "work" these companies have to go through to comply with the rule of " Operating in a clients best interest".  You would think it should be required anyway. And, by showing how much work it is  to do so, shows exactly how bad they are screwing everyone over currently.

 

WTG Trump.  Way to stick it to any American with a retirement account. Protect those big bankers.

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At least people who read here will not get screwed over on their retirement account. Glad to help out. It can be a huge bonus for like minded individuals, if you know what I mean. Let the less 'like minded' folks get screwed. The ones who read fake news and think we pot heads are dumb wouldn't ever follow financial advice from a pot board now would they?  :))

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  • 3 weeks later...

You clowns who voted for this clown Trump should loose their rights to grow and should be ashamed of themselfs for voting for a guy that put in Jefferson {Davis} Sessions who is 100% against any type of Marijuana. If any caregiver voted for Trump and risked their growing rights just so they can play with their guns is a bigger looser than I thought. How could ANY caregiver vote against their own interests and vote rupubic you know like Shuttete who spoke at The repubics convention on how we the people need to outlaw all types of Marijuana. I know there cant be anyone so stupid that they would risk putting in a clown like Trump and Sessions in office or believed they may loose their beloved gun if a Dem. was elected . So if you voted for Trump you should give up your rights as a caregiver and hide you head in shame. Only a total blind fool can say a repubic clown like repubics would care about sick people instead of stealing Marijuana from caregivers and locking them up for felonys for helping the sick. Remember people if you dont make more than 200k a year the repubics will take your vote then lock your foolish self up for voting for them . Are you caregivers really that dumb???

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