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ELINA, please! As a non-American, I don’t understand why anyone would care about Trump in this context. Aren’t the people who look into these things different departments? And don’t they only look into anything after a breach?
The current administration was basically "corporations, do whatever you want as long as it doesn't interfere with our money making".

A lot of people felt, and there seems to be mounting proof, that the administration wasn't going to enforce a lot of laws, especially since their stance was to cut the agencies in charge of that (SEC, FTC, FCC, EPA, FDA, IRS, etc).

This still isn’t quite de-Americanized enough for me to track. He has the power to cut funding for whatever specific agency he doesn’t like? And they, knowing this, decide to sit on their hands for four years to keep their paycheques. Finance companies in turn, change policies, knowing that these agencies will not be enforcing laws for four years.

The recent change is that this free-for-all may be cut short? What am I missing here, this sounds like banana republic shenanigans.

> He has the power to cut funding for whatever specific agency he doesn’t like?

Not just that. The President is the ultimate boss of all federal executive functions. He is the boss of all the department heads. If he wants X to be done he picks up the phone, calls the relevant person and tells them to do it. If he wants Y to be not done he picks the phone up and tells them not to do it.

It is like as if at work your job is to respond to bug tickets for system A and B. And one day your boss walks up to you and says “System B is no longer important. Stop fixing bugs on system B.” He doesn’t have to then “cut your budget” or anything. He just told you what to do, what not to do, and you are expected to follow the instructions. If you don’t you will be fired.

> What am I missing here

The backstop to the Executive branch not doing their job is that the Legislative branch can investigate them, and ultimately impeach the President.

Up until now the Legislative branch was happy enough with how things were going that there were no chance of that happening. Recently the composition of the Legislative branch changed. This means that they are expected to start carring about certain irregularities the previous bunch turned a blind eye towards to.

> This still isn’t quite de-Americanized enough for me to track.

I don’t know man. You are asking how the USA government works, or doesn’t work. Ultimately if you want to understand a thing you need to understand the thing. You can’t have a de-thingified explanation, because the thing is the core of your question.

Well, the US was the original banana republic.

For people that don't know, the American United Fruit Company basically leased US military units to topple governments in smaller countries and control production of bananas. Similar US companies did this to other smaller countries over other commodities. Many of these smaller countries were democracies, FYI.

Then the US had the gall to name the bullied countries "banana republics".

So a lot of companies assumed that that was not going to change in the future, aka. that the Trump administration is final and democracy is finished in the USA; do I understand this correctly?
These days democracies are a lot fuzzier and there are lots of degrees, many named flawed democracies.

And the current president still needs to hand over the reins peacefully so I wouldn't declare victory, yet.

> And the current president still needs to hand over the reins peacefully so I wouldn't declare victory, yet.

Sure, my point is about that basically companies already made decisions based on the assumption, that he will not do that.