"In May, 44 of the 47 Senate Republicans, including Minority Leader Mitch McConnell (Ky.), sent a letter to Obama vowing to block any nominee to serve as director of the CFPB absent key changes, including eliminating the director's position in favor of a board and forcing the agency to be dependent on Congressionally appropriated funds for its operating budget."
Last edited by pragmatic; 01-05-12 at 06:09 PM.
I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang
My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang
The Republicans were trying to kill the agency. They wanted a series of changes to the legislation that would have made it so weak, that every banker, businessman or con man with a friend in the US Chamber of Commerce could go to their congressmen and get anything the agency tried to do reversed.
The wanted an agency that would be vulnurable to congressional and lobbyist pressure. Remember that this same group of Republicans are busy trying to undo what little finacial reform has taken place since the crash too.
The Republicans wanted no agency at all, but short of that, they would take one they could bully and emasculate (and spend the next 30 years proposing to do away with).
How did using the NLRB to harass Boeing work out ? That was one huge use of an agency solely for political gain. And how about our own DoJ and Fast and Furious ?
Our system is for Representative government, not Czars. We just got screwed worse. BOHICA.