Nobody can fault Republicans regarding their talent for making absolutely absurd accusations, but sometimes they find a whopper so far above and beyond the call of normal Republican propaganda that it is worthy of Faux Noise. According to Lindsey Graham (R-SC), the Consumer Financial Protection Bureau is “Stalinist”.
Days after Senate Republicans filibustered President Obama’s nominee to head the Consumer Financial Protection Bureau, Sen. Lindsey Graham (R-S.C.) defended the move, arguing that GOP lawmakers want to see stricter oversight of the newly-established watchdog agency.
“This consumer bureau that they want to pass is under the Federal Reserve; no appropriation oversight; no board. It is something out of the Stalinist era,” Graham said on NBC’s “Meet the Press.” “The reason Republicans don’t want to vote for it is we want a board, not one person making all of the regulatory decisions. And there’s no oversight of this person. He gets a check from the Federal Reserve; we want him under the Congress so we can oversee the overseer.”
The Senate on Thursday voted 53 to 45 to end debate on the nomination of former Ohio attorney general Richard Cordray to head the watchdog agency, seven votes short of the 60 needed to overcome a GOP filibuster. The agency, which was established by last year’s financial regulatory reform law, opened its doors in July but is blocked from exercising many of its powers until a director is put in place… [emphasis added]
Inserted from <Washington Post>
Lindsey poo has his head shoved so far up his you know what that he could tickle his tonsils with his tongue. If Republicans wanted a board, instead of a director, they could have proposed an amendment before it passed. There is a reason the bureau was designed with a director, not a board. Republicans and DINOs are skilled at appointing foxes to boards guarding henhouses, as they have I so many other regulatory agencies. If Republicans wanted congressional oversight they could have proposed an amendment before it passed. There is a reason the bureau was designed not to have congressional oversight. We have the best Congress money can buy, and regularly does. The Director reports directly to the President.
The CFPB became law by when Dodd-Frank passed the House with a clear majority and passed the Senate with the 60 votes needed to overcome standard Republican abuse of the filibuster. The President signed it. It is now the law. For Republicans to sabotage the bureau, because they did get their way is un-American.
And the most absurd thing is that Republicans think that protecting consumers from unethical predation by the 1% is Stalinist.
12 Responses to “Is the CFPB Stalinist?”
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Maybe for the elections I’ll get out a “red” flag – to prove I’m as communist as they come when I go to the voting booth – that is if the Mussolini party lets me! In fact at this point I don’t think the American flag holds much water – after Lady Liberty’s torch bearing arm was severed! As long as Congress can be bribed – the side with the most money wins!
Lee, you might get away with that in the city, but upstate, you’d be lynched.
I have never understood Graham’s “logic” and never will.
That’s because Graham and logic are mutually exclusive,
When Congress can “oversee” itself , then perhaps they cant talk about “overseeing” independent agencies— It’s the Law folks– what the Congress is doing is sabotage , plain and simple– They are interfering with the Law– Stalinist !! Good grief-!! What a bunch of dunces !
Phyllis, what an excellent point!!
While there are numerous strengths to the CFPB, some major ones: there is only a single director; there’s been detailed attention to its budgeting process; and in terms of accountability, it is just like other regulatory agencies – but with focus on consumer protection.
Plus it comes as no surprise that Graham also has his facts wrong:
http://www.rawstory.com/rs/2011/12/11/graham-the-cfpb-is-a-stalinist-era-thing/
Well, you wouldn’t expect Lindsey Poo to tell the truth, would you?
If it’s the law, which I know it is, why can’t those sabotaging it be charged with obstruction or contempt of Congress? This makes no sense at all. The Republican/Teabaggers had their chance to make amendments, but didn’t. They voted it in as law.
Further, if the Republican/Teabaggers are saying that the CFPB is Stalinist, that must mean that they support Stalinism since they had to have voted it in! Old Joe must be roling in his mausoleum on that thought!
The world would be so much better without the Republican/Teabagger Stalinists!
Actually, at the time that it passed, only one Republican voted for it.
I see they gave him a tinfoil hat. Is that to hide the lack of electrical activity in his brain?
Thomas, it was I who gave him the hat, It was to protect space aliens from the3random discharges between his ears. 😉