Like doing battle with a many-headed monster from mythology, President Trump seems to have his hands full. The liberal bureaucracy or shadow government has been hard to tame due to its many heads. Former House Speaker Newt Gingrich covers one of these swamp heads that is in the Department of Labor. This one has expedited the fiduciary rule from President Obama. They have rushed this through instead of reviewing as per President Trump. What will happen? Just how will this affect your own personal savings and investments? Read on.
As Written By Newt Gingrich for Fox News:
When Neil Gorsuch won long-overdue confirmation this month to serve on the United States Supreme Court, Republicans in turn won control of judiciary. This meant they led all three branches of the federal government – at least the three envisioned by our Founding Fathers – for the first time in a decade.
As a consequence, Democrats have pinned their hopes to stifle President Donald Trump’s pro-growth agenda on the unprecedented insurrection of an unchecked, de facto branch of government: the bureaucratic state.
Now that Alexander Acosta is confirmed as secretary of labor, President Trump has a better ability to reign in the bureaucracy.
Through executive orders, President Trump immediately began cutting needless red tape draped across the federal government by his predecessor. This led deliberately resistant entrenched civil servants to wage a campaign to subvert the administration’s clear intention of deregulation.
Consider this: In February, the president ordered the Department of Labor – previously run by Tom Perez, who is now the chairman of the Democratic National Committee – to review and re-evaluate the implementation of the so-called fiduciary rule, a controversial Obama-era rule that would deny middle-class Americans access to sound investment advice……..
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