Ro Khanna voted NO but the bill passed Monday by voice vote (so unrecorded and unaccountable, using a fast-track procedure for "non-controversial" bills). The Senate will move as fast as they can-- even without committee hearings-- to pass it there as well. I kind of thought we just elected a Democratic House so that stuff like a ban on free electronic tax filings wouldn't be able to pass Congress. No?
On Friday, Trump appointed right-wing crackpot and OMB Director Mick Mulvaney acting director of the Consumer Finance Protection Bureau. But there already was an acting director.
The vote in the House Tuesday evening was 231-190. Every Republican but Walter Jones of North Carolina voted to hamper the ability of the Consumer Financial Protection Bureau to protect bank customers from the kinds of systemic abuse and predatory behavior that led directly to Bush's Great Recession and destroyed the financial stability of millions of American families.
Zach Carter is one of Huff Po's most perceptive reporters and yesterday he warned his readers that while we were all distracted by the clown show Trump had finally delivered one on big campaign promise-- not for his voters, of course, but for his Wall Street donors-- he pretty much gutted Dodd-Frank.
Wednesday House Republicans rolled back another Obama rule so that-- after Trump signs it-- when people file for unemployment compensation they will be able to be drug-tested. Looks like the GOP is eager to ramp up the War of Drugs again-- and fill those private prison jail cells for their campaign donors. Kevin Brady's blil passed 236-189.
Are you stunned to see Trump's sinking poll numbers? You should be. A newly elected president has never had a reaction from the country like his. His first week in office and 35% of Americans already thought he should be impeached. That rose to 40% last week and then 46% this week!
At the kiddie table debate last night Chris Christie took the first opportunity he got to attack Dodd-Frank, the legislation passed to protect consumers from banksters and other financial sector crooks That ad above, which debuted last night at the very first commercial break (and then ran again), part of a 4-week, $500,000 buy from the the shady American Action Network-- an extreme right-wing group founded by Nixon's Jew counter, Fred Malek-- is meant to stir up fear and emotions by lying about one of Wall Street's biggest bugaboos, the Consumer Financial Protection Bureau.
SinemaThanks to a tiny gaggle of reactionary Blue Dogs, Boehner's latest attempt to gut the Bureau of Consumer Financial Protection can be called "bipartisan." H.R.1195 passed yesterday, 235-183, with 5 Republicans voting for the interests of their constituents and 4 faux-Democrats crossing the aisle in the other dire
"When People Cheat, You Cannot As A Regulator Continue Business As Usual"You probably know by now that a great deal of Elizabeth Warren's new book, A Fighting Chance, deals with creating the Consumer Financial Protection Bureau. "I had no doubt-- zero-- that the banks should be held accountable for breaking the law," she wrote.
There's a reason Elizabeth Warren is concerned that Scott Brown is trying to make a comeback-- no matter how far fetched by running against centrist Democrat Jeanne Shaheen, who is up in every single poll so far.
