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- New Cyberattack Goes Global, Hits WPP, Rosneft, Maersk
- Deutsche Bank Said to Lose as Much as $60Mn Over Derivative Trade
- Dimon Says JPMorgan Headcount to Keep Rising Despite Automation
- RBS to Cut 443 Jobs In UK, Move Many of Them to India
- Deutsche Bank Bullish on London Despite Brexit
- Supreme Court Nears Finish With Big Cases, Retirement Rumors
- The Richest Person in Every State
- LPL Tabs Scott Seese, Former eBay Exec, as Chief Information Officer
- Fired Biglaw Associate Arrested for Trying to Extort Partners
- Canada's CIBC Completes $5Bn PrivateBancorp Buy
- Word ‘Women’ Literally Never Appears in U.S. Senate’s 142-Page Health-Care Bill
- Stephen Pierce, Goldman Sachs Global Head of Equity Markets, To Retire
- Al Gore 'Not Very Smart,’ But Became Filthy Rich Using Simple Investing Formula - Charlie Munger
- U.S. Regulators, Lawmakers Support Volcker Rule Revamp at Hearing
- Morgan Stanley Opts for Frankfurt as New EU Hub
- A New Risk for Goldman, Morgan Stanley in Stress Tests (subsc reqd)
- A Trump Bump for Law Firm of President’s Lawyer - Kasowitz Benson Torres
- JPMorgan, BofA, Goldman, Citi, Wells Fargo Pass Fed's Stress Test
- Blackstone Stock Still Trading at $31 - Its IPO Price From 10 Years Ago
- NJ Resident and NY-Based Global FX Club Charged with Solicitation Fraud, Misappropriation - CFTC
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NEWSLETTERS & ALERTS
Donald Trump & Co.
The Mouths That Roared
[Photo: Mohammad Ali / goldinauctions.com]
The Theodore Roosevelt administration in 1900 was guided by the now-famous ideology: "Speak softly, and carry a big stick; you will go far." It's a proverb advising the tactic of caution and non-aggression, while holding a decisive weapon in reserve, if so required.
However, this is 2017, and the Donald Trump administration is guided by a more outspoken and demonstrable ideology. And from what we have seen, words can be a two-edged sword. Strong and salty language got Trump elected. But now, they're interfering with his ability to move forward with his agenda.
Two articles on CNBC address some problems facing Donald Trump's travel ban.
- 'Trump Undermines New Travel Ban: 'This Is Watered-Down Version of First One'
'Actions Speak Louder Than Words'. While there are many ways one can interpret or apply this iconic aphorism, in this instance we're taking it mean that words uttered by an undisciplined person can undermine the perception of their actions.
At Wednesday's rally, Trump says: "This is watered-down version of the first one." This statement utterly belies his intention to make right what was essentially wrong with the first order. Trump then confirms this by adding: "And let me tell you something, I think we ought to go back to the first one and go all the way (through the legal system), which is wanted I wanted to do in the first place."
And, of course, television appearances by Trump's adviser Rudy Giuliani and White House policy adviser and campaign speechwriter Stephen Miller helped to 'seal the deal'. In a bit of unbridled hybris, Giuliani said: "When [Mr. Trump] first announced it, he said, 'Muslim ban.' He called me up. He said, 'Put a commission together. Show me the right way to do it legally'."
Then, on 2/21/17, when commenting on the then-upcoming revision to the Executive Order, Stephen Miller stated, "Fundamentally, [despite "technical" revisions meant to address the Ninth Circuit's concerns in Washington,] you're still going to have the same basic policy outcome [as the first]."
You can look it up. The above quotes were mentioned in the court ruling written by Federdal Judge Derrick Watson.