He made it clear that he plans to smash a pillar of the economic recovery. Mr. Trump, though, focused on Dodd-Frank, seemingly determined to sabotage the financial stability that has helped the job market recover in recent years and set the stage for continued growth. But the foundation on which to build — economic growth, financial stability, monthly job tallies and low unemployment — is firm. In each case, jobs, wages and wealth took hits from which many American workers have been unable to fully recover while those at the apex of income and wealth emerged even richer. Mr. Trump may believe that ending Dodd-Frank will lead to more jobs by making it easier for businesses to get loans.

Source: New York Times February 04, 2017 01:42 UTC