THINK / PROGRESS
In an interview with Reuters published on Wednesday, presumptive Republican presidential candidate Donald Trump said he will release an economic plan in two weeks that will undo nearly all of the financial reforms that went into effect in 2010.
“I would say it’ll be close to a dismantling of Dodd-Frank,” he said, naming the financial reform package. “Dodd-Frank is a very negative force, which has developed a very bad name.” MORE
New York Magazine’s Sherman: Fox Has “Thrown In The Towel” And Won’t “Go After Trump”
In a New York magazine article, Gabriel Sherman reported that Rupert Murdoch, executive co-chairman of Fox News’ parent company, “has signaled he plans to fully back Trump in the general election against Hillary Clinton” in “a sharp reversal from the hostile view he held over much of the past year.” MORE
“But of course the entire Trump phenomenon has nothing to do with policy or ideology. It has nothing to do with the Republican Party, either, except in its historic role as incubator of this singular threat to our democracy. Trump has transcended the party that produced him. His growing army of supporters no longer cares about the party. Because it did not immediately and fully embrace Trump, because a dwindling number of its political and intellectual leaders still resist him, the party is regarded with suspicion and even hostility by his followers. Their allegiance is to him and him alone.” MORE