bret baier. the forgotten men and women of america don t want to be drafted into a trade war. trade creates jobs. trade lowers prices for american families. trade wars do the opposite. it is a choppy week for the president and his party. choppy week, but normal week. this is the environment that president trump is comfortable in. this is the kind of government we had from day one with a few exceptio exceptions. this is what we should expect in the year going forward. had his party starting to line up with the tax cuts? and next week they will line up with the dodd-frank bill. the question is does he ever hit the point where republicans in congress are not upset and angry, but moving against the president? so far no. the canadians are the biggest source of steel and imports. the president wants to scrap nafta and start over. this must be a bowl of spaghetti
obamacare bill. taxes went up on welfare america so you re getting this one-two punch that is going to basically knock this economy into over drive. and the stock market and the earnings multiple with apple stock. dagen: go ahead. president obama when he first came in at 2.1 trillion in revenue and 2.3 trillion when he left office taxes had gone up about 50%. that amount right there is in excess of 19% of gdp which is what the market can handle but to jessica point about people not knowing what they are doing dodd-frank wrote the dodd-frank bill. those guys were in charge during the financial crisis. they didn t see it coming and they are the ones writing regulations for themselves not seeing it coming that s the problem with regulations. guys who don t know what they are doing all they did was dealing with nothing that had to do with the 2008 crisis. that s the regulations we re see ing and it did suppress bank earnings. dagen: thank you guys and gals, cavuto on business abou
trump administration to stop president trump from appointing his budget director, mick mulvaney, as interim head of the agency. already moving to federal court, and a judge appointed by president trump. doug mckelway is at the white house. dana, there has been bad blood over the mere existence of the consumer financial protection bureau since its very inception after the recession of 2008, when democrats were in control of congress and created this body is a part of the dodd-frank bill to rein in the excess of the large banks and financial institutions of wall street. republicans always hated it, fearing and then rather rein in big banks, it settled small and medium-sized neighborhood banks with the excesses of red tape, which they cannot cope with. that is bad blood and is at the root of today s cover station. his number two, is the acting replacement signing the dodd-frank bill is the authority to do so.
management and budget to serve as the acting director. coming hours after richard cordray officials redesigned. warren tweeted the dodd frank bill is clear. the deputy director becomes acting director. trump can t override that. let s bring back gabby moore and jonathan allen. and gabby, nick mulvaney running both of these agencies. how is that allowed to work? well first of all, poor nick mulvaney has a ton on his plate considering both of roles he s likely to play but the trump administration signaled early on they want to hollow out this agency. they didn t think that it was doing a good job or that it was really carrying out what they would like to be doing under this administration and so i think that was the primary reason and putting nick mulvaney in this role as interim director but it is causing controversy
neil gorsuch, on the supreme court. he could have the opportunity to nominate more justices. trump is also quietly filling up lower courts with lifetime appointees, and that can impact the judiciary for decades. environmental policy, trump famously pulled out of the paris accord, but also moving to roll back the clean power plants, the united states rule that protects smaller bodies of water and the arctic drilling ban. trz has slashed or delayed hundreds of business regulations, also moving to pull back the dodd-frank bill, effectively making it easier for those on wall street to once again gamble recklessly. he s also hobbling the consumer protection agency. despite trump s displeasure with his attorney general, he is getting it done for trump, mr. sessions, getti allowing policeo seize cash and goods from people only suspected of crimes, supporting texas s controversial