Brian Fischer asks why Republicans allow themselves to be branded as stupid:
Let me think. No, no, don’t tell me. Could it be because of something like *this*?:
Senate Republicans on Friday pledged to block President Barack Obama’s choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.
The group of 43 Republicans, led by minority leader Mitch McConnell of Kentucky and Mike Crapo, an Idaho senator who is the top Republican on the banking committee, said the Consumer Financial Protection Bureau lacks congressional oversight.
Yes, the Republicans are threatening to filibuster the Consumer Financial Protection Bureau nominee until the Democrats agree to weaken the agency’s powers. And what is the CFPB, in case you haven’t been paying attention since, oh, 2008, and the whole reason why Elizabeth Warren ran for the Senate? The agency is a watchdog for all those vexing problems that get average consumers into trouble. Like credit card rates and mortgage rates and financial industry “products” that are sold to the little people who don’t know that the financiers have rigged the game. The CFPB is supposed to be on the side of the average consumer, protecting your right to not be exploited. What’s not to love?
“As presently organized, the CFPB is insulated from congressional oversight of its actions and its budget,” the Republicans said. “Far too much power is vested in the sole CFPB director without any meaningful checks and balances.”
The consumer bureau, which was created by the 2010 Dodd-Frank financial oversight law to oversee mortgage lending and other sectors that played a role in the 2007-2009 financial crisis, was controversial before it even opened its doors.
Republicans and business groups have criticized the bureau’s broad authority over a wide range of financial products, and they want it to be funded by congressional appropriations rather than through the Federal Reserve.
Oh, dear, it seems that Senator Warren knew what she was doing when she put this agency together and now, it appears to have a bit more bite in it than our financial industry overlords like. Apparently, the finance version of the FDA, checking things out for us and sticking warning labels on dangerous products, means a little too much transparency for the finance flim-flam guys. Therefore, it must be defanged.
Of course, the Fox News cohort will swing into action and tell the fanbase that this is just another intrusion of government into their lives and if you want to take risks with your money and lose every penny of it, by golly, that’s your right living in god fearing America where at least you know you’re free. If the financial industry so-called “jahb creators” are to continue to be successful, they have to be able to take advantage of people. That’s how you get the big bucks. And anyway, if this government agency does its job right, all the other agencies might feel inspired to do good stuff too and we can’t have that. I mean, it’s bad enough that the Social Security administration is so efficient with such low overhead. It’s obscene, I tell you. Speaking of obscene, gay people who aren’t married have sex using various and sundry orifices. And women are having consensual sex! Consensually! Let’s obsess on that for awhile, shall we?
If you are a Republican and you aren’t super rich, you’re as dumb as a doorknob. I see some of you out there saying, “I’m not a registered Republican. I’m a registered Democrat. It’s none of your business who I vote for”. That’s worse than being a conservative Republican because you *know* that there’s something unsavory and stupid about being a conservative Republican and you don’t want the label but you feel entitled to vote stupid. So, not only are you voting stupid, you’re a coward. I’d feel much more respect for people who at least owned their stupidity instead of hiding behind their false party affiliation. Sorry, that’s just the way it is. Why anyone would want to take pride in today’s definition of the word “conservative” is beyond me. It just screams stupidity to the rest of us.