Tuesday, September 21, 2010

Obama’s Consumer Protection Bureau

Welcome to the Obomination. Their motto: “We can do anything we damn well please, and you have to like it.”
Another executive branch organization or bureau has been created that has no congressional oversight. While it true that the results of congressional oversight are spotty at best, (Fannie Mae, or Freddie Mac) at least we the people have a chance for input. Theoretically we can force the government to respond to our needs/concerns because of the power of the vote.
This administration uses czars to bypass that modicum of control. The czars answer to
no one but the president. They are not approved by the Senate. Their budgets are not
controlled by the House. They doe to answer for their actions to the people.
In fact, congress has passed legislation that this bureau does not answer to them, that congress can do nothing about any of the rulings made. Congress cannot cut off funding to the bureau – it is funded by the Federal Reserve.
The head of the bureau, Elizabeth Warren, is another college professor with no experience in the real world other than an affinity for socialism and Marxism. It is extremely troubling for a person who does not have the best interests of the United States of America at heart to be in charge of a bureau that will have its fingers in almost every financial transaction we do. Your credit card purchases – she will track them. Consumer or other loans – she will track them. Your checking account activity – she will track them. Your savings account, your investments, almost everything will lie open and exposed to the federal government’s prying eyes.
Talk about invasion of our privacy!

We have to stand up and be heard. This has to stop.

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