Talk about being completely owned by Wall Street. The Democrats are no strangers to licking the boots of Wall Street but they did promote some level of action to fix the problems that Washington caused. The GOP on the other hand can't even tolerate superficial reform. Why do the Republicans hate the middle class and hate America? Whose side are they on?
Days ago, one Republican-run House committee approved bills diluting parts of the law requiring reports on corporate salaries and exempting some investment advisers from registering with the Securities and Exchange Commission. Another House panel voted to slice $200 million from Obama's $1.4 billion budget request for the SEC, which has a major enforcement role.Ahh, if nitwits like Hensarling want to talk about capitalism, they should understand that in a capitalist world, gamblers who fail, fail. Wall Street should have imploded and been left without bailouts and higher-than-ever pay. But of course, the US doesn't have capitalism. It has socialism for the richest of the rich who continue to wage class warfare against the rest of the country. Another feature of capitalism would be negotiating drug prices with Big Pharma but again, the GOP is against capitalism. What a bunch of liars.
Meanwhile, Senate Republicans are continuing a procedural blockade that has helped prevent Obama from putting Elizabeth Warren or anyone else in charge of the Consumer Financial Protection Bureau, which opens its doors in two weeks.
The law hurts "the formation of capital, the cost of capital and access to capital, and you can't have capitalism without capital," said Rep. Jeb Hensarling, R-Texas, a leader of the House Financial Services Committee. "So Republicans in the House will be examining each and every one of the 2,000-plus pages" of the law, which he called "a job creator's nightmare."
