Trump's latest ad is so bad you have to wonder if it isn't a black market job by pals in the Russian mob:
This is Trump making a play for millennials. Or perhaps to be more precise, making an argument for millennials to stay home or vote third party, which is really their best chance to win at this point.
But as Jonathan Chait writes, it's a mistake to believe that Wall Street isn't backing Trump because they fear he will regulate them. He's promised the opposite:
A Gallup poll finds that, for voters under 35 years old, the only issue on which Trump beats Clinton is “government regulation of Wall Street and banks.” This is an understandable heuristic based on a combination of Clinton’s paid speeches to Goldman Sachs, Sanders positioning himself to her left on financial regulation, and the uncertainty with which Wall Street views Trump.
But the reality is thatClinton favors strengthening the already-tough regulations on Wall Street created by Dodd-Frank, by levying a risk fee on the largest banks and tightening the Volcker Rule. Trump, on the other hand, proposes “close to dismantling of Dodd-Frank,” which, he claims, “has made it impossible for bankers to function.” This is a conventional Republican policy agenda strongly endorsed by Wall Street. Now, it is true that Wall Street does not like Trump, but this is not because he would regulate their activity, but because he is a dangerous buffoon who might bring down the world economy and them with it.
In this case the Masters of the Universe see the bigger picture. Voters should too.
