while our recent string of presidents have not been quite as large as the current president while it s a striking strikingdy striking dichotomy, it is used for the signer ceremony like when the dodd-frank bill was signed or president george w. bush in the reduction act. or reagan on the south lawn in 1986 and went back and found linden b johnson signing a measure having to do with southeast asia at a comparatively small desk. about this desk though in this white house we are guessing to paraphrase you won t be seeing that no more.
and we know with right regulatory reforms, right tax reforms, we could have an economy growing at 4 to 4.5% that would lift everyone up. number one we need to make sure that bureaucrats are there to en fore the law, not make the law, and all of the laws pass a cost benefit test. it is common sense, and. ask do these regulations imprese greater harm on the economy or do more good. the weight and cost of particularlieed do dodd-frank bill. it crushing. i look forward to working with secretary mnuchin, and the president on making sure that we have robust levels of private capital, otherwise let freedom ring.
essentially simultaneously. the position that ran counter to congressional republicans plans to repeal the health care law this winter and then later replace it. and president trump signed orders on friday starting the government down the path of loosening regulations on banks and lenders imposed by the obama administration. the president also deferred implementation of a rule to require financial advisers to act in the best interest of their clients, which the finance industry says it makes it harder to take low-income investors. at the heart of trump s orders, pairing back the dodd-frank bill. frankly, i have so many friends of mine that have had nice businesses that can t borrow any money because the banks won t let them borrow because of the rules and regulations and dodd-frank. and yesterday bernie sanders called president trumput for saying he would be tough on wall street. this guy is a fraud. this guy ran for president of
single person. we re used to if a republican wins, we kind of know what we re getting. you say the reason for the discomfort is trump embodies nation state pop you lichl. that s what you re calling it. how would you define that? well, i think it s a nationalistic philosophy. it s that s where the phrase america first, that s what trump means by it. he doesn t mean the historical baggage associated with the phrase. he means simply he s looking out for the country first putting his country first and also the interest of the native people of america. rather the citizens of america before outsiders. i think it s a traditionalist philosophy. that s why you hear in a speech to the national prayer breakfast last week, emphasis on the judeo christian ethics and creed. i think it s basically a capitalistic philosophy and that s why some of many of his early executive orders dealt with repealing regulations, loosening the dodd frank bill, building the pipeline. so i think those are the three
former colleague. the only thing he got wrong in that clip is he said it would take ten years. when actually the 2008 meltdown it was only nine years. his comments were right. no reason you should mix the savings of u.s. consumers with the risky investment of those on wall street. separate those so that we don t have another implosion and cost our economy $14 trillion which is what the dallas fed said that whole implosion cost us. the reason we have a chance now is that consumers are seeing that we passed wall street reform in the congress the dodd-frank bill and they see wall street is up here every day trying to roll it back delay it. stop its implemgs implementation. and the risk of this happening again is very pres present. what do you see to folks who believe the problem was more about emergency risk spread out