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Trump's Deregulation 10-1 [1]

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Date: 2025-01-31

He didn't do any Executive Orders on January 31st, but he did put out a Fact Sheet. At the top he says he put out "an executive order," meaning it's not this. At the bottom it says, "This Executive Order." Very confusing. Especially since it's labeled as a fact sheet, not an Executive Order. Can't be both.

This fact sheet us called: "President Donald J. Trump Launches Massive 10-1 Deregulation Initiative."

For every regulation a department or agency wants to create, they have to get rid of 10 first.

It requires that for fiscal year 2025, the total incremental cost of all new regulations, including the repealed regulations, be significantly less than zero.

Fiscal year 2025 is October 1st 2024 to September 30th 2025.

Republicans always look at regulations as costing something. So, How could a removal of a regulation not have a negative dollar amount? Bearing that in mind, how could a new regulation have a cost less than zero? It's a Catch-22. What he's really saying is get rid of all the regulations and don't make any new ones.

President Trump will halt the job killing and inflation-driving regulatory blitz of the Biden Administration.

He just takes every single opportunity he can to criticize Biden. I really wish Biden hadn't attended the inauguration. It made him look weak. He should have ended his term with a statement that Trump wasn't worthy.

Then, Trump makes a statement that makes me laugh. He can't possibly be serious about this because all he believes in is big business.

Overregulation stops American entrepreneurship, crushes small business, reduces consumer choice, discourages innovation, and infringes on the liberties of American citizens.

Regulations are what keep us safe from people like you and Elon Musk. You want to get rid of the FDIC and the CFPB because they're in your way for making tons of money.

Of course, the new director of the Small Business Administration is a billionaire. Kelly Loeffler says that she'll cut that red tape. Take the Small Business Administration out of Washington DC back to Main Street. Sure, that makes sense.

As an afterthought, Trump added:

It also contributes to the high cost of living, including by driving up energy prices.

Mr. Drill, Baby, Drill is always talking about energy prices will come down by using more fossil fuels.. And yet fossil fuels cost us so much more in the long run, with pollution that needs to be removed. That cost is never factored in. It never will be with Trump in office because he doesn't believe in climate change. Green energy, if we keep on the path, is cheaper, and we don't have to clean up the pollution.

Then, he pats himself on the back for having done a two-for-one deregulation in his first term. But it actually worked out to a five and a half to one regulations removed versus regulations created.

We can see where this is going. How can agencies like the FDA exist under these terms? They keep us safe by creating regulations to keep our food and drugs safe. You can't possibly remove the ones that are in place.

You can expect the EPA to be gutted, because pollution and climate change don't exist to Trump. Because pollution and toxic waste are usually it's in a black person's backyard, not a white person.

The US Treasury and the Federal Trade Commission will be told to lay off the banks, stock market, and cryptocurrencies. Banks will be just fine doing subprime mortgage loans and take us right back into the 2008 crisis.

He'll just get rid of the Federal Elections Commission, so any Republican can take any amount of money from anybody. Then Trump will get rid of that silly law that prevents foreign entities from donating to political campaigns in the United States.

You can simply expect that every single government agency that works to protect us, will be gutted. The whole point is for corporations to have free reign.

Trump really wants to take us back to the time of William McKinley. Get ready to go back to heating your home with burning coal. Pumping water out of the ground by hand.

The first stage in destroying the economy starts on February 1st. The 25% tariff on Mexico and Canada and the 10% additional tariff on China go into effect. It's the small businesses that'll go first, not the big ones.

More chips in the economy will start occurring bit by bit, until the whole thing collapses.

It starts by getting rid of regulations.

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[1] Url: https://dailykos.com/stories/2025/1/31/2300522/-Trump-s-Deregulation-10-1?pm_campaign=front_page&pm_source=more_community&pm_medium=web

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