Oh, that (yawn)........that's the Ohaha Admin's cockeyed "social engineering"
scam to confiscate business wealth and drop it into the waiting pockets of
salivating, hand-picked Dems to create a permanent Dem majority.
"ALOHA"
Oh, that (yawn)........that's the Ohaha Admin's cockeyed "social engineering"
scam to confiscate business wealth and drop it into the waiting pockets of
salivating, hand-picked Dems to create a permanent Dem majority.
"ALOHA"
Elizabeth Warren, a chair of the Congressional Oversight Panel on TARP, as the "credit czar" or "consumer czar" is bad news... Mot that the entire idea of Consumer Financial Protection Agency makes any sense, and should be scrapped and/or defunded in the next Congress, or litigated out of existence as unconstitutional intrusion of Big Government into private contracts.
Of course, for unions and leftists (the Barney Franks of the world) she is an ideal candidate, but it may be running into some sort of trouble on the Hill:
Dodd doubts Warren's confirmability for job of consumer guardian - TH, 2010 July 19, by Michael O'Brien
Dodd, the chairman of the Senate Banking Committee, said he sensed rumblings among colleagues that Warren, the chairwoman of the panel overseeing the 2008 Wall Street bailout program, might not get the 60 votes necessary to win confirmation. I think Elizabeth would be a terrific nominee, Dodd told NPR's Diane Rehm on Monday. The question is, 'Is she confirmable?' And there's a serious question about it. Liberals have pushed Warren's name as a possible choice to lead the new agency, which was created in the Wall Street reform bill, legislation Dodd helped to author. Her record as chairwoman of the Troubled Asset Relief Program (TARP) oversight board has caused those on the left to be optimistic that she would add some teeth to the new agency. Sen. Tom Harkin (D-Iowa) has circulated a letter that backs Warren as head of the consumer agency. Dodd said it was conceivable Warren could win the 60 votes necessary — meaning one Republican would have to cross the aisle if all 59 Democrats voted together — but cautioned she wasn't the only qualified candidate for the position. The question is, can we get someone who is confirmable? She may be, but that's not the only potential nominee — there are many fine nominees, he said. Dodd explained he wasn't aware of the source of the rumors about confirmability, though. I don't know, I'm just telling you what I'm picking up, he said. Elizabeth Warren might not have the votes to win confirmation as head of a new Consumer Financial Protection Agency, Sen. Chris Dodd (D-Conn.) suggested Monday.
Of course, it could all be a game, to press one of the Northeast Pubbies against filibuster, but it might be real. The important thing is to find out why and from whom do we need "consumer protection" to begin with, and why the contracts and laws should not be adjudicated in courts or arbitration between the parties in contract? Or is now there a "right" to credit?
Why she should be opposed, in the meantime, is shown here by a rant of the typical delusional leftist:
Will Elizabeth Warren be Blago'd by bank lobbyists? - TH, 2010 July 20, by Brent Budowsky
This is an extraordinary opportunity for President Obama to give legitimacy and credibility to the financial bill, to electrify the Democratic base and motivate the base to vote, to win support from small-business people who would value the powerful advocate in Washington that Warren would be and to win support from independent voters who support consumer protection. If Elizabeth Warren is not chosen, it would be because she was Blago'd. It would be another example of how bankers who donate money have more clout in this town than consumers who are victimized by bad practices. It would be another example of the pay-for-play by which a regulated industry with insider clout has the power to choose its own regulator. It would a symbol of why so many Americans are so disillusioned, and why so many grassroots Democrats are sadly disinclined to vote. ..... Come on, Mr. President. Choose Warren. Don't let Warren be Blago'd. Make your Democratic, independent and working-class supporters proud and motivated and excited again. ..... There are widespread reports that certain White House aides favor Warren, while others may not. There are widespread reports that Treasury Secretary Tim Geithner opposes her. Geithner's aides deny this, but I strongly believe he does oppose her. It should not matter if the president wants the best person for the job; the choice is clear: Elizabeth Warren.