WTF, you said something correct, "Good, maybe the Senate will start doing their job no matter the party of the President.". The Senate is sitting on top of a bunch of bills passed by the House since January of last year. I forget, who controls the Senate? Could it be SATAN!!! or maybe Harry Reid. Yes, the Senate that sat on hundreds of appointments by George Bush has not been doing it's job for some time now. How long has it been since they passed a budget? 1020 some days...I said a whole lot of shit that was correct, most of which went over your head. They need to start voting on these appointments. This is a murky part of law that needs to be cleared up.
Then you went wrong when you blamed the Congress for not doing their job. Now we know that the Congress is made up of both the Senate and the House but most people go with the understanding that Congress is the House alone. So who are you blaming exactly? The Senate that is sitting on all those bills or the House that has passed several budgets, several jobs bills, and has nothing to do with appointments.mispoke, should have said Senate. Originally Posted by JD Barleycorn
By the way, not every president has done this. Bush made a few recess apointments until Harry Reid and the democrats come up with this pro forma session. Bush never challenged that. So this is a Bush/Obama thing only. One went by perverted rules and the other was one of the perverts who made the rules and then broke them himself. Originally Posted by JD Barleycornread the whole link and ask me if you do not understand something. It is pretty simple but then again....
Recess appointments are obviously nothing new; presidents of both parties have being making them for many years, and undoubtedly will be doing so for many more. In every case, of course, if the appointment turns out to be something of a disaster, the president and his party risk political backlash.
However, I think all the brouhaha over this deflects attention form a far more serious matter: Why is the CFPB being set up under the Federal Reserve instead of under Treasury, where I think it belongs? After all, the putative reason for the bureau's existence is to oversee such things as mortgages, car loans, credit cards, credit unions, and other consumer-related financial issues.
If it were under Treasury, it would at least fall under the broad oversight of a congressional committee. Of course, it might still be the case that no one would competently oversee it, but at least the structure would provide for that possibility. If it's organized under the Fed, it will of course never be subject to any oversight at all. Those folks don't allow any sunlight to be shone in their direction, and continue to refuse an audit of any kind. Additionally, no one will know what this agency's budget is.
I have heard that the media have not reported this, and that few people outside the world of finance even know about it. What set of bank lobbyists got this arranged, and to whose drums do you think the Federal Reserve marches?
It's hard for me to believe that anyone is going to try to defend this sort of non-transparency. Sneaking a potentially important agency into the exclusive purview of the Federal Reserve in the middle of the night while nobody's looking is not exactly my idea of responsible government. Originally Posted by CaptainMidnight
I guess I was talking over WTFs head. I was not talking about recess appointments, I was talking about the more recent practice of pro forma sessions. I was trying to downplay the affair by saying Bush "made a few" appointments. Of course then I was also talking about after the pro forma sessions began under Harry Reid. You need to get your shit separate. Now do you understand or do I have to try again? Originally Posted by JD BarleycornI understood exactly wtf you were talking about.
It's hard for me to believe that anyone is going to try to defend this sort of non-transparency. Sneaking a potentially important agency into the exclusive purview of the Federal Reserve in the middle of the night while nobody's looking is not exactly my idea of responsible government. Originally Posted by CaptainMidnight
Actually all of this was already agreed to by both parties. The appointment of someone to run the agency was all that was left to be done. On orders from people such as the Koch brothers the Republicans suddenly blocked the appointment not because they had any objections to the person nominated, they just did not want the agency to go into operation or rather people such as the Koch brothers did not want it to go into operation. Originally Posted by BigLouieTwo different issues Louie.
However, I think all the brouhaha over this deflects attention form a far more serious matter: Why is the CFPB being set up under the Federal Reserve instead of under Treasury, where I think it belongs? After all, the putative reason for the bureau's existence is to oversee such things as mortgages, car loans, credit cards, credit unions, and other consumer-related financial issues.
I have heard that the media have not reported this, and that few people outside the world of finance even know about it. What set of bank lobbyists got this arranged, and to whose drums do you think the Federal Reserve marches?
. Originally Posted by CaptainMidnight