{"id":6494,"date":"2011-12-12T00:00:56","date_gmt":"2011-12-12T08:00:56","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/2011\/12\/12\/is-the-cfpb-stalinist\/"},"modified":"2011-12-12T00:00:56","modified_gmt":"2011-12-12T08:00:56","slug":"is-the-cfpb-stalinist","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/12\/12\/is-the-cfpb-stalinist\/","title":{"rendered":"Is the CFPB Stalinist?"},"content":{"rendered":"

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 \u201cStalinist\u201d.<\/font><\/p>\n

\n

\"12GrahamHat\"Days after Senate Republicans filibustered President Obama\u2019s nominee to head the Consumer Financial Protection Bureau<\/a>, Sen. Lindsey Graham (R-S.C.) defended the move, arguing that GOP lawmakers want to see stricter oversight of the newly-established watchdog agency.<\/p>\n

\u201cThis 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<\/strong>,\u201d Graham said on NBC\u2019s \u201cMeet the Press.\u201d \u201cThe reason Republicans don\u2019t want to vote for it is we want a board, not one person making all of the regulatory decisions. And there\u2019s 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<\/strong>.\u201d<\/p>\n

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<\/strong>. The agency, which was established by last year\u2019s 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<\/strong>\u2026 [emphasis added<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <Washington Post<\/a>><\/p>\n

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.<\/font><\/p>\n

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.<\/font><\/p>\n

And the most absurd thing is that Republicans think that protecting consumers from unethical predation by the 1% is Stalinist.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u201cStalinist\u201d. Days after Senate Republicans filibustered President Obama\u2019s […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6494","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=6494"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=6494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=6494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=6494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}