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Congress

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.

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.”

Neil W. McCabe is a Washington-based political journalist and editor. Before joining Big League Politics, he was the Capitol Hill correspondent for Breitbart News, where he also led Breitbart's political polling operation and wrote up the Breitbart-Gravis polls. McCabe's other positions include the One America News DC Bureau Chief, a senior reporter at Human Events and a staff reporter at The Pilot, Boston's Catholic paper. McCabe also was the editor of The Somerville News, The (North Cambridge, Mass.) Alewife and served as an Army combat historian in Iraq. His 2013 e-book The Unfriendly Skies examined how the American airline industry went from deregulation in the late 1970s to come full circle to the highly-regulated, highly-taxed industry it is today.

 

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Congress

House Republicans Stupidly Try To Cut Medicare, Social Security In Election Year

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House Republicans continue to advocate against their own political interests, pushing a new budget bill that would make grave cuts to Medicare and Social Security in this 2018 midterm election year.

While the congressional Republicans believe their bill will balance the budget in nine years, it would also inflame the many middle-aged people and senior citizens who actually vote Republican. It is unclear if House Republican leadership actually cares at all about the people who vote for them, which gives the bill some hope of passing.

ThinkAdvisor reports: “The GOP’s Budget for a Brighter American Future seeks to, over the next decade, save $5.4 trillion on mandatory programs — including Social Security, Medicare and Medicaid — and includes reconciliation instructions for 11 House authorizing committees to find at least $302 billion in deficit reduction. Reconciliation allows expedited passage of certain budgetary legislation on spending, revenues and the federal debt limit with a simple majority vote in both the House (218 votes) and Senate (51 votes). The House Budget Committee plans to start marking up the legislation on Wednesday and Thursday, and pass it out of committee.  A vote by the full House could come next week.”

Not good.

Fortunately, President Donald Trump has no plans to cut Social Security or Medicare, as he stressed on the campaign trail. Trump scored major points against his Republican opponents in the Wisconsin primary by vowing, “You’ll get your Social Security cut by Cruz or Kasich.” Trump carried that message to primary wins in New York and Indiana, sealing his win.

Paul Ryan, the collectivist, wants to cut Social Security and Medicare. In fact, he ran an entire national vice-presidential campaign on that politically disastrous premise, which was the most mind-bogglingly stupid platform in an election ever.

Ryan then turned around and passed $1 trillion-plus omnibus bills as House Speaker that fund Planned Parenthood and all kinds of other damaging or meaningless things. Why does the government seem dead-set on giving welfare benefits to illegal aliens and funding abortion, but then claiming that senior citizens who have paid into the system for years suddenly have to lose their own government checks?

Until Republicans actually get serious about cutting federal spending, their designs on Medicare and Social Security do absolutely nothing to solve our debt-ridden financial situation, they merely take money out of the pockets of people who are already getting disenfranchised by our government in every conceivable sense.

The Swamp makes no sense.

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2018 Midterms

Week After U.S. Senate Nomination, Virginia Delegation Silent on Corey Stewart

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A full week after Corey Stewart won the GOP nomination for U.S. Senate in Virginia, earning the right to take on  incumbent Sen. Tim Kaine (D-VA), elected officials at the highest level of the Virginia GOP have failed to announce their support for the candidate.

In fact, they have actively avoided the question, and predictably, Democrats have seized on the opportunity to make them look foolish.

GOP Rep. Barbara Comstock (VA-10) dodged American Bridge’s questions a few days ago:

Big League Politics reached out to Comstock personally, and to her office. Neither returned a request for comment.

Alleged Republican Rep. Scott Taylor (VA-02) would not talk either:

“Reach out to my office,” Taylor said.

Big League Politics did just that. Timothys Foster, Talyor’s spokesman, did not return our email request for comment.

Republican Rep. Dave Brat failed to express support for Stewart too, though he came close.

“Judeo-Christian values, that’s what I’m running on,” said Brat. “I’ll support anyone who shares those values.”

Brat did not respond to Big League Politics’ request for comment either.

Stewart was embroiled in controversy during his primary run after the neo-liberal website Daily Wire ran a dishonest hit piece on him, claiming that he was an anti-Semite. There is no proof to support the allegation, other than Stewart’s support for Paul Nehlan, who made anti-semitic remarks. At the time of the questionable comments, Nehlan had the support of most of the GOP. He has since wholly denounced by the Stewart and the rest of the party.

For their part, the Republican Party of Virginia expressed support for Stewart via Twitter. When Stewart appeared on CNN for an interview with host Chris Cuomo, the liberal anchor tried to peg Stewart as a racist. Stewart replied by pointing out that Cuomo’s family has long been tied to anti-Semitism.

Former RPV executive Shaun Kenney denounced the party’s support.

“It’s not just eccentric, it’s offensive,” he said. “In a previous era, had a member of RPV staff issued comments like that, I would have fired them on the spot.”

The morally superior virtue-signaling will get the Virginia GOP nowhere.  Making false allegations of racism is a decades-old strategy used by Democrats against Republicans. They make the same claims against nearly every GOP candidate running for an important office.

But the establishment GOP, no matter how many times the Democrats have played the race card, still have not figured out the left’s tricks.

It is time to stand with Corey Stewart. Anything less is de facto support for Hillary Clinton sycophant Kaine, a hard-leftist who has failed Virginians in his tenure as a Senator.

 

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Congress

Disgraced FBI Agent Strozk Willing to Testify Before House Judiciary Committee

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A disgraced FBI agent who promised his colleagues that he “will stop” President Donald J. Trump from being elected is willing to testify before the House Judiciary Committee, according to a letter sent by his attorney Sunday.

According to the letter that was obtained by CNN,  Aitan Goelman, lawyer for FBI agent Peter Strzok, says that House Judiciary Chairman Bob Goodlatte’s pursuit of a subpoena to compel Strzok to testify is “wholly unnecessary.”

Strzok “has been fully cooperative with the DOJ Office of Inspector General” and “intends to voluntarily appear and testify before [the House Judiciary] committee and any other Congressional committee that invites him.”

The recently released Inspector General’s report brought to light more anti-Trump text messages between Strzok and his lover, fellow agent Lisa Page. Both were terrified of a Trump presidency and apparently willing to try to stop it.

Big League Politics reported:

Rep. Mark Meadows said that this information was withheld from Congress — clearly by deputy attorney general Rod Rosenstein and others.

This proves definitively what observers already know: James Comey’s FBI was weaponized against Trump in order to help Hillary Clinton win the election. Clinton was already the Democratic nominee when the following exchange occurred, courtesy of Thursday’s Inspector General report by Michael Horowitz. The conversation occurred on August 8, 2016:

“Lisa Page: [Trump is] not ever going to become President, right? Right?!

Strzok: No. No he’s not. We’ll stop it.”

BLP Passage Ends.

Strzok also rigged the warrant of disgraced former Democratic Congressman Anthony Weiner’s laptop to protect Hillary Clinton from the damaging information it contained.

“On October 29, 2016 Strzok broke FBI policy and emailed a sealed draft warrant for the Weiner emails to his personal email, ” former FBI Special Surveillance Group member Chuck Marler told Big League Politics. “Obviously he wanted to work on the draft out of view of the FBI and most likely allow someone else to view it for their input. What did he put in the warrant that was filed the following day”

Strzok appears willing to testify before the Committee without immunity and without invoking his Fifth Amendment rights against self-incrimination.

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