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- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
- Janney Montgomery Scott CEO Joins FINRA Board of Governors
- SEC Encourages Investors to Do Background Checks on Investor.gov
- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
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NEWSLETTERS & ALERTS
Donald Trump & Co.
Beware: Trump Proposes Low Budget Request for Mexico Border Wall
[Image: Cowboy Posse, by William H D Koerner / American Gallery]
by Howard Haykin
So, Donald Trump’s proposed budget is out for viewing, and he’s asking $1.6 billion to begin building a wall along the border with Mexico – significantly less than the amount needed to complete a project that few politicians, Democrat or Republican, want. Should we take this as a positive sign? No. An emphatic No!
While Trump continues with his campaign rhetoric that he’ll find a way for Mexico to repay the U.S. for construction of the wall, some Republican leaders in Congress have said he first needs to demonstrate broader support for this “big, beautiful wall.” Members of the House Freedom Caucus said earlier this year that Trump would have to show how he would offset the cost of a wall. Democrats flatly oppose the proposed wall.
If Trump's budget request is passed, enabling him to cover nearly 10% of the estimated total cost of a border wall, rest assured that Donald Trump will exert every last ounce of energy chipping away at opposition - as he incrementally obtains the needed funds to complete the project that few want.
Take a cue from Ronald Reagan, who would say in his Old Wild West movies : “LET’S CUT 'EM OFF AT THE PASS!”