Saturday, March 1, 2014

Wisconsin GOP Ugly #2: Ryan, Petri, Ribble, Duffy and Sensenbrenner Abandon Consumer Protection and Veterans for Big Business.

Republicans aren't just pushing free markets, they’re boisterously cheering on the old saying, “A fool and his money are soon parted,” hoping that means you.  

The Truth: Wisconsin House representatives oppose regulations protecting Americans from the predatory practices by big business. I still can’t wrap my mind around how the GOP can oppose the Consumer Financial Protection Bureau without voter outrage and blowback. And these big flag waving supporters of war veterans everywhere would rather see vets get ripped off than support one regulation.  
In each instance below, Wisconsin Democratic Representatives tried to add an amendment that retained a few basic protections, but they were soundly defeated.

The Roll Call feature is a dark look into a GOP led dystopian world where government oversight is considered a market distortion:  
CONSUMER FINANCIAL PROTECTION BUREAU: the House passed a Republican bill (HR 3193) to reduce the(ir) authority ... The bill enables the Financial Stability Oversight Council in the Treasury Department to veto the bureau’s proposed regulations by simple majority vote rather than the two-thirds majority now required. The bill also would replace the bureau’s director with a five-person governing body and subject its budget to the congressional appropriations process.
That's smaller government? Voting to politicize and trash the Consumer Financial Protection Bureau: Paul Ryan, James Sensenbrenner, Tom Petri, Sean Duffy, and Reid Ribble. But it gets worse:
PAYDAY LENDERS TO THE MILITARY: the House defeated a Democratic motion to prevent HR 3193 (above) from impeding Consumer Financial Protection Bureau (CFPB) oversight of payday lenders located on or near military bases, its efforts to help consumers deal with compromised credit cards or its policing of fraud in fees charged for student loans or ATM withdrawals.
Can Republican voters really be against something like this? We'll see. Voting no were Ryan, Sensenbrenner, Petri, Duffy, and Ribble.
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