GOP blocks nomination to head new Consumer Financial Agency

[Ausm]

No one, not anybody on earth, is better than I am at handling what is in my self-interest. I will protect myself and what I care about far more doggedly and effectively than any bureaucracy.

The same applies to you and everyone else.

You seem to not understand what the Agency was designed to accomplish.

 

[senseamp]

Huh?

That is what they are doing.

No, that's not what they are doing. They aren't changing the law, they are interfering with the implementation of the current law.

 

[senseamp]

As long as Congress has members in session, it can not be classified as in recess.

Some of the Republicans in the House and maybe a few also in the Senate may come up with a way to derail the ability of Obama to install a recess appointment just to piss off Obama and have him clear up the issues as promised.

Would not put it past them.

Let them do it then. More examples of GOP obstructionism of basic consumer protections for Democrats to take to the voters.

 

[Atreus21]

You seem to not understand what the Agency was designed to accomplish.

When you have to ask questions like, "Who or what will protect the consumers?" I can glean pretty easily what it's designed to accomplish.

 

[spidey07]

As long as Congress has members in session, it can not be classified as in recess.

Some of the Republicans in the House and maybe a few also in the Senate may come up with a way to derail the ability of Obama to install a recess appointment just to piss off Obama and have him clear up the issues as promised.

Would not put it past them.

Tea Party Patriots did it last session to thwart obama's abuse and will do so again.

 

[woolfe9999]

Far more harm has been done by do-gooder regulatory agencies just like this than ever by the consequences of someone's voluntary economic choice.

I object to the entire notion that I and others like me are not competent enough to handle myself against the evil banks. What banks do with the money I've voluntarily given to them is their business. If I don't like what they're doing, I'll give to a bank with whom I'm better aligned. That's a far more effective mechanism for protecting consumers, at a much cheaper cost to society, and it hits the banks where it hurts them most: their wallet.

If this agency is going to give me advice, fine. If they're going to do things like making ATM fees illegal, they're stretching too far. If I don't like the fee, I won't use the ATM.

Right, more harm is done by regulation than anything else. It's all about self-responsibility. Individuals require no protection from multi-trillion dollar mega-corporations. We are man; hear us roar. We could have avoided that entire financial collapse just by individuals being on the lookout for themselves. Gee, why didn't we think of that?

 

[Ausm]

When you have to ask questions like, "Who or what will protect the consumers?" I can glean pretty easily what it's designed to accomplish.

So what does that mean to you? Then I can compare that to the facts of what the Agency is suppose to do.

 

[Ausm]

Let them do it then. More examples of GOP obstructionism of basic consumer protections for Democrats to take to the voters.

We are thinking the same to Nov 2012 Brotha!

 

[Atreus21]

Right, more harm is done by regulation than anything else. It's all about self-responsibility. Individuals require no protection from multi-trillion dollar mega-corporations. We are man; hear us roar. We could have avoided that entire financial collapse just by individuals being on the lookout for themselves. Gee, why didn't we think of that?

Individuals, again, are better at financially protecting themselves than the government is.

What multi-trillion dollar megacorporation holds a single candle to the overarching power of the state to compel us, by force, and by using our own tax money, to do as it deems appropriate?

 

[wayliff]

Tea Party Patriots

I ask you again - What makes non tea partiers less patriot than tea partiers?

 

[senseamp]

Individuals, again, are better at financially protecting themselves than the government is.

Clearly demonstrated by individuals taking out subprime ARMs with baloon payments they couldn't later afford. But don't let reality interfere with your rightwing dogma.

 

[spidey07]

I ask you again - What makes non tea partiers less patriot than tea partiers?

Nothing really, there were other republican patriots who joined to stop obama's tyranny. You can read of their patriotism here, many have vowed they will do it again to stop obama.

http://forums.anandtech.com/showthread.php?t=2184517&highlight=recess+appointment

 

[Atreus21]

Clearly demonstrated by individuals taking out subprime ARMs with baloon payments they couldn't later afford. But don't let reality interfere with your rightwing dogma.

Translation: People make stupid decisions, therefore we can't allow them the freedom to make their own decisions. We know better than they.

 

[wayliff]

Nothing really, there were other republican patriots who joined to stop obama's tyranny.

I see...Let me rephrase.
What makes Obama supporters less Patriots than those who do not?

 

[senseamp]

Translation: People make stupid decisions, therefore we can't allow them the freedom to make their own decisions. We know better than they.

Should we let people drive on the left side of the road? Surely they should have this freedom, they know better.

 

[Atreus21]

This link is relevant.

If you want to skip Milton Friedman's speech and get to the debate, go to 28:27.

http://www.youtube.com/watch?v=EU_4vanP04I

 

[senseamp]

This link is relevant.

If you want to skip Milton Friedman's speech and get to the debate, go to 28:27.

http://www.youtube.com/watch?v=EU_4vanP04I

Did Milton Friedman advocate not implementing laws that a minority of Senators doesn't like?

 

[Atreus21]

Should we let people drive on the left side of the road? Surely they should have this freedom, they know better.

Rules about how to use infrastructure are a slightly different topic.

 

[senseamp]

Rules about how to use infrastructure are a slightly different topic.

You hate freedom.

 

[Atreus21]

You hate freedom.

Goddammit yes, I hate it so very, very much.

 

[RightIsWrong]

By all means we should let the President have more unconstitutional authority that he already has acquired. Republicans specifically stated that they had no issue with the man being appointed. They have issue with the new Agency that has an enormous amount of unchecked power. An agency that, as currently written, would report to the FTC and not to Congress itself and have zero oversight.

So the right are against regulating agencies, unless they get to decide who and what is regulated and how?

 

[RightIsWrong]

Translation: People make stupid decisions, therefore we can't allow them the freedom to make their own decisions. We know better than they.

Let me rephrase your rephrasing...

The government should not be regulating the financial markets and leave the entire state of the economy in our hands because we are bankers and have studied and educated ourselves on the many ways to keep it churning in an altruistic manner that will keep it on a strong and steady course. Trust us!

 

[EagleKeeper]

What are the issues distressing the Republicans? I read several different versions of this which makes me believe there is no real problem besides playing Politics.

Issues were listed in the article along with the administrations anticipated response

 

[Atreus21]

Let me rephrase your rephrasing...

The government should not be regulating the financial markets and leave the entire state of the economy in our hands because we are bankers and have studied and educated ourselves on the many ways to keep it churning in an altruistic manner that will keep it on a strong and steady course. Trust us!

I can control the effect that bad banks have over me. I cannot control the effect that bad government has over me.

 

[xBiffx]

So the right are against regulating agencies, unless they get to decide who and what is regulated and how?

Sure, and how is the left any different because the are for regulating the shit out of everything and decide everything for everyone.