Fiduciary rule delay prompts snark, cheers and outrage on Twitter

The Trump administration’s delay of the Department of Labor’s fiduciary rule landed with a bang on social media.

White House National Economic Council Director and former Goldman Sachs COO Gary Cohn was trending after he said the Trump administration dislikes the rule because it’s “like putting only healthy food on the menu.”

President Trump smirking Bloomberg news photo
U.S. President Donald Trump, smiles while being introduced during the National Prayer Breakfast in Washington, D.C., U.S., on Thursday, Feb. 2, 2017. For the first time in decades, America's oldest allies are questioning where Washington's heart is. "The world is in trouble -- but we're going to straighten it out, ok? That's what I do," Trump said to an audience of religious and political leaders at the National Prayer Breakfast. Photographer: Win McNamee/ Pool via Bloomberg
Win McNamee/Bloomberg

Investment entrepreneur and Trump economic adviser Anthony Scaramucci, posted an op-ed column he wrote slamming the rule. On the other hand, former Obama administration officials and their supporters tweeted out the original rationale for the statute.

Advisers weighed in as well, some pointing out that the Obama administration’s six-year rulemaking process had raised public awareness around matters of fiduciary responsibility. Reactions ranged from snark to outrage to applause for President Trump’s order.

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Fiduciary Rule Regulatory relief Regulatory actions and programs Donald Trump
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