More Republican Obstructionism: Consumer Financial Protection Bureau

b.c.

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A letter from Consumer's Union:

Dear [consumer],


Protecting you from financial scams, outrageous banking fees, and shoddy mortgages shouldn't be political.

But this week in the U.S. Senate, politics could trump your financial rights.

The nomination of Richard Cordray to head the Consumer Financial Protection Bureau is expected to come up soon in the Senate. And a block of Republicans are vowing to stop the vote until they can weaken the watchdog's authority!

For more than a year Richard Cordray has successfully led the new Consumer Financial Protection Bureau, not only holding the banks accountable, but going after the giant credit reporting and student loan industries, too. He got millions back for consumers who were mislead, and proposed tough rules on mortgage lenders.

But this success is rubbing the financial lobbyists the wrong way. They want to weaken our watchdog by replacing the director with a five-member commission, and let other bank regulators (the same ones who failed to prevent the economic meltdown in the first place) block the bureau’s actions.

When Cordray's nomination comes up this week, Senators who want to weaken the bureau are expected to refuse to bring it to a vote – an overused tactic that lets a minority of Senators prevent a vote on issues of national importance.


Let's flood the Senate with a tidal wave of constituent messages demanding the watchdog we were promised. Please take action, then forward this to as many people as you can so they can act too.

Sincerely,
Pamela Banks, DefendYourDollars.org
Consumers Union, policy and action from Consumer Reports



see:


https://secure.consumersunion.org/s...id=2755&JServSessionIdr004=74j0ox1pe4.app243a
 

b.c.

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Well, crazy or not, what they do is based on several goals or factors:

1. Undermining the Obama Administration, because if you can obstruct or block the passage of something/anything good attributable to the Obama Administration you can come back and claim that it/he was a failure.

2. Protecting the interests of big money, big business, that wealthy 2%. Why? Because those are the people who BANKROLL their campaigns and have high stake interest in what legislation does and doesn't get passed.

3. Continuing to appeal to that base of FAR right wing "nutjobs" (the Tea Party and their associate fringe element groups) for fear that alienating them would result in ending their own political futures.
 

redneckgymrat

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i'm not American but it seems that the Republicans do a lot of crazy things in Congress. or am I not getting the full picture?

Who *ever* gets the full picture? :)

What our media reports is usually a bit skewed, and tends to show the Republican party in a fairly negative light. Admittedly, the party has recently been giving them a lot of ammunition, but it's not as bad as the media makes it seem. However, the Republican party has strayed, significantly, from its historical position of American Conservatism.

Which brought in a 3rd party. The TEA party groups which are demonized by the media are founded on two basic premises...the first is best explained by the name itself since TEA stands for "taxed enough, already." It suggests a return to the ideals which started the American Revolution, a demand for better representation and responsibility in government. And, the other is a return to limited government, as is dictated by our Constitution.

For their refusal to go along with the very "progressive" agendas of the media darlings who are currently in favor (and the TEA Party was originally founded under Bush, but it has picked up momentum during Obama), they are routinely demonized whenever possible. One of the more popular claims is that the TEA party is entirely comprised of racist, homophobic, old, white men...the young, middle aged, and old men and women of all creeds and colors who comprise the party's membership would definitely disagree with this, and consider the majority of the media to be so biased as to be irrelevant.

Yeah, we're a mess.
 

b.c.

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Who *ever* gets the full picture? :)

What our media reports is usually a bit skewed, and tends to show the Republican party in a fairly negative light. Admittedly, the party has recently been giving them a lot of ammunition, but it's not as bad as the media makes it seem. However, the Republican party has strayed, significantly, from its historical position of American Conservatism.

Which brought in a 3rd party. The TEA party groups which are demonized by the media are founded on two basic premises...the first is best explained by the name itself since TEA stands for "taxed enough, already." It suggests a return to the ideals which started the American Revolution, a demand for better representation and responsibility in government. And, the other is a return to limited government, as is dictated by our Constitution.

For their refusal to go along with the very "progressive" agendas of the media darlings who are currently in favor (and the TEA Party was originally founded under Bush, but it has picked up momentum during Obama), they are routinely demonized whenever possible. One of the more popular claims is that the TEA party is entirely comprised of racist, homophobic, old, white men...the young, middle aged, and old men and women of all creeds and colors who comprise the party's membership would definitely disagree with this, and consider the majority of the media to be so biased as to be irrelevant.

Yeah, we're a mess.


Well, actually you're correct about the Tea Party being made up of all creeds and colors. In fact, here's a story of just such an "amalgam":


Tea party Republicans flocking to appear Monday at white nationalist-connected march | The Raw Story
 
D

deleted15807

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Who *ever* gets the full picture? :)

What our media reports is usually a bit skewed, and tends to show the Republican party in a fairly negative light. Admittedly, the party has recently been giving them a lot of ammunition, but it's not as bad as the media makes it seem. However, the Republican party has strayed, significantly, from its historical position of American Conservatism.

Just to be clear we're not talking about 'American Conservatism', we're talking about a regressive party that wants to 'undo' the last 100 years. This is not conservatism. The Tea Party may have co-opted the term but they are regressives if you will.

As for the term 'taxed enough already' that's been proven to be a myth.

By this measure, federal taxes are at their lowest level in more than 60 years. The Congressional Budget Office estimated that federal taxes would consume just 14.8 percent of G.D.P. this year. The last year in which revenues were lower was 1950, according to the Office of Management and Budget.

The postwar annual average is about 18.5 percent of G.D.P. Revenues averaged 18.2 percent of G.D.P. during Ronald Reagan’s administration; the lowest percentage during that administration was 17.3 percent of G.D.P. in 1984.
 

h0neymustard

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