Why Don’t Republicans Want to Protect Consumers

December 8, 2011

The Consumer Financial Protection Agency was created in 2008 after the economic meltdown caused by greedy wall street insiders. It prohibits complex disclosure forms, simplifies credit cards, oversees payday loans, gift cards, overdraft agreements and other products. Simply, it protects consumers. That’s why it’s called the Consumer Financial Protection Agency.

But Republicans don’t like it so they have refused to appoint Ohioan Richard Cordray as its director. Even though everyone seems to agree he is a solid choice for the post.

Ohio Republican Rob Portman said,

“This is not about Rich Cordray who I believe is a good public servant,”

Well, if this is a government office codified as law, why not accept Mr. Cordray if he is a good public servant?

Here’s why, Republicans don’t like the law and as we have seen over and over again, Republicans have no trouble ignoring laws.

Republicans want to protect their fat cat contributors, consumers be damned.

It’s always amazed me that the supposed job creating Republicans want consumers to consume, they just don’t want to allow legislation that would facilitate that.

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One Response to Why Don’t Republicans Want to Protect Consumers

  1. Jolly RogerNo Gravatar on December 8, 2011 at 9:49 pm

    If you ain’t a billionaire, you just ain’t. The Rushpubliscum Party has its priorities.

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The Madrigal Maniac

A Central Ohio Social Worker striving to bring justice to the City of Columbus and the State of Ohio through respectful conversation.

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