Truth Has No Agenda (GB)

Posts tagged “Dodd- Frank

The JOBS Act and the Maxine Waters Test

American [Spectator.org]

By on 3.19.12 @ 6:08AM

Key Senate Democrats do a job on small business startups that even Maxine Waters and Barney Frank support.

Call it the Maxine Waters test of political moderation. Late last week, this test was failed by Senate Majority Leader Harry Reid (D-Nev.), Senate Majority Whip Dick Durbin (D-Ill.), and Sens. Mary Landrieu (D-La.), Carl Levin (D-Mich.), and Jack Reed (D-R.I.).

They comprise, as Politico writes, “a chorus of Democratic senators… raising objections to a bill designed to help small businesses — throwing bumps in the road to passage of the legislation that had sailed through the GOP-led House and won President Barack Obama’s endorsement.” And this bill, the Jumpstart Our Business Startups (JOBS) Act, also won the endorsement of 158 House Democrats who voted “aye” on Mar. 8, including Reps. Barney Frank (D-Mass.) and Maxine Waters (D-Calif.)

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Cordray Nomination Jeopardizes Constitutional Checks and Balances

Jeannie DeAngelis

[BigGovernment.com]

Posted Jan 7th 2012 at 1:41 pm

by Jeannie DeAngelis

Forty-four of 46 Republican Senators vowed they would not approve “any consumer financial bureau director unless the agency was put under a five-member outside board, had its work checked periodically by bank examiners and had its budget approved by Congress rather than the Federal Reserve.”

So when Republicans refused to confirm the President’s nominee, Richard Cordray, to head the Consumer Financial Protection Bureau, America’s number one duffer shouldn’t have been surprised.

Senate Republicans maintained that voting down the nomination of Cordray had everything to do with the Dodd-Frank financial reform agency lacking oversight, and nothing to do with the candidate Obama chose to head it up. In other words, Republicans wanted to take consumer protection a step further than the President was willing to go, vowing that they’d agree to confirm a director, but not before additional consumer safeguards and supervision are put in place.

As for Obama’s nominee Richard Cordray, besides being the former Attorney General of the state of Ohio and acting as chief enforcement officer at the Consumer Financial Protection Bureau for the last year, Cordray is a five-time undefeated Jeopardy champion. Which may be why, when chiding Republicans for blocking his appointment, the President kept mentioning game playing.

According to Barack Obama, champion Jeopardy player Cordray has the expertise to “protect American families from being taken advantage of by mortgage lenders, payday lenders and debt collectors.”

After his pick was rejected, posing a few questions of his own, an irritated Barack Obama wanted to know if “Republicans in Congress think our financial crisis was caused by too much oversight of mortgage lenders or debt collectors?”

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Obama’s joint-session effort yet another attempt at The Big Speech effect

Nate Beeler at the Washington Examiner frames the viewer choice perfectly for tonight:

HotAir.com

posted at 2:45 pm on September 8, 2011 by Ed Morrissey

To say that expectations are low heading into Barack Obama’s speech tonight to a joint session of Congress is to engage in the art of pointed understatement.  Never in the history of extraordinary joint-session speeches has so little been expected of a President.  Even before his joint-session speech two years ago on the topic of health-care reform, the White House stoked speculation that Obama had a new plan that would change the debate.  Instead, he delivered an ambiguous, rambling series of platitudes and generalities that created more problems for Democrats than it solved.

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