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Sen. David Perdue: Cordray is gone, let’s eliminate the CFPB

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The only Fortune 500 CEO serving in the Senate laid down a marker for Congress to either wipe out the Consumer Financial Protection Bureau or put someone in charge, who will dismantle its destructive programs and policies Thursday upon the news that Richard A. Cordray, the bureau’s director leaves his job Nov. 30.

“If we can’t immediately eliminate the CFPB or bring it under Congressional oversight, we need someone to take the helm who will help undo the damage that’s already been done,” said Sen. David A. Perdue Jr. (R.-Ga.), a member of the Senate Banking Committee.

Perdue said he is leading the effort in the Senate to hold the CFPB accountable, protect consumers’ personal information, and void the bureau’s regulatory overreaches,” he said.

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Even the liberal-leaning DC Circuit Court ruled the CFPB is unconstitutionally structured and recommended giving more of the bureau’s powers to the president, he said.

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“Together, we have made a real and lasting difference that has improved people’s lives,” wrote Cordray in an email to workers at his agency.

“I trust that new leadership will see that value also and work to preserve it –- perhaps in different ways than before, but desiring, as I have done, to serve in ways that benefit and strengthen our economy and our country,” he said.

Cordray, who is thought to be a candidate for Ohio governor, was at the center of a Senate stalemate in 2012.

The Dodd-Frank financial service regulation law created the bureau, but made it a part of the Treasury Department until its first director was confirmed by the Senate. Afterwards, the agency would become a part of the Federal Reserve, effectively alienated from congressional and executive oversight–so much so, that the CFPB would be funded by the Federal Reserve.

When in November 2013, Senate Majority Leader Harry Reid (D.-Nev.), with the support of Sen. Robert P. Corker Jr. (R.-Tenn.) and Sen. John S. McCain III (R.-Ariz.), changed Senate rules to wipe out the filibuster for all personnel nominees, except for nominees to the Supreme Court, one of President Barack Obama’s nominees quickly approved by the Senate was Cordray.

“Together, we have made a real and lasting difference that has improved people’s lives,” Cordray said of the CFPB in the email. “I trust that new leadership will see that value also and work to preserve it –- perhaps in different ways than before, but desiring, as I have done, to serve in ways that benefit and strengthen our economy and our country.”

Chairman of the House Financial Services Committee Rep. Jeb Hensarling (R.-Texas) said Cordray’s exit is a change to reset the CFPB.

“The bureau has an important mission,” Hensarling said.

“Properly designed and led, it can truly protect consumers by ensuring they have access to competitive markets that are vigorously policed for fraud,” he said. “Americans deserve the opportunity to choose the checking account they want, the mortgage they want and the credit card they want.”

Congress

COWARD: Sen. James Lankford Grovels to Black Constituents for Opposing Electoral Fraud

Lankford is an ethnomasochist.

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Since last week’s siege on the U.S. Capitol, there has been a tremendous amount of groveling from Republican cowards desperate to save face and avoid media scrutiny, but Sen. James Lankford (R-OK) has taken it to a new low.

Lankford issued a letter apologizing to his black constituents for opposing electoral fraud. He is sorry because the areas that committed the most fraud just so happened to be diverse inner-city communities. Multiculturalism means that fraud is ignored, and it is our national strength. This is the credo of the New America.

The Oklahoma senator wrote that his efforts “caused a firestorm of suspicion among many of my friends, particularly in Black communities around the state. I was completely blindsided, but I also found a blind spot.”

“What I did not realize was all of the national conversation about states like Georgia, Pennsylvania, and Michigan, was seen as casting doubt on the validity of votes coming out of predominantly Black communities like Atlanta, Philadelphia, and Detroit,” he wrote.

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“After decades of fighting for voting rights, many Black friends in Oklahoma saw this as a direct attack on their right to vote, for their vote to matter, and even a belief that their votes made an election in our country illegitimate,” he added.

Lankford’s pathetic obsequious letter apologizing for fighting the vote steal shows why the Republican Party is dying, and Republican politicians are despised by their own rank-and-file party members. There is little difference between a GOP elected official and a social justice activist these days.

“I can assure you, my intent to give a voice to Oklahomans who had questions was never also an intent to diminish the voice of any Black American. I should have recognized how what I said and what I did could be interpreted by many of you,” he wrote. “I deeply regret my blindness to that perception, and for that I am sorry.”

Big League Politics has reported on how the Capitol riot forced RINOs to show their true colors and publicly express the disdain they have always held for President Trump:

Mitch McConnell is reportedly “pleased” about the possibility of Trump’s second impeachment, viewing it as an opportunity to purge Trump from the Republican Party and whatever else Conservative Inc. deems “toxic.”

In a New York Times report published Monday afternoon, Jonathan Martin and Maggie Haberman write that the outgoing Senate Majority Leader believes Trump committed “impeachable offenses.” McConnell also welcomes impeachment in order to justify dumping Trump and shedding his influence over the GOP.

“Mr. McConnell, Republican of Kentucky, has indicated that he wants to see the specific article of impeachment that the House is set to approve on Wednesday, which is expected to draw support from as many as a dozen Republicans, potentially including Representative Liz Cheney of Wyoming, the party’s No. 3 in the House,” the report reads. “But he has made clear in private discussions that he believes now is the moment to move on the weakened lame duck, whom he blames for causing Republicans to lose the Senate.”

The Republican Party can either become the Trump party moving forward or go extinct. With cowards like Lankford among the ranks, they may actually choose extinction because they’re that weak.

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