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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDNC Chair Just DIRECTLY attacked Obama, Elizabeth Warren, And Everyone Who Voted For Them
One of the biggest Democratic themes of the 2016 election is building on President Obamas legacy. It has come from many establishment Democrats during the 2016 primary season. Even Debbie Wasserman Schultz has used this theme in a statement released by her office, and she isnt even running in the primaries. This all makes it rather strange that with this in mind, Wasserman-Schultz has decided to help Republicans to destroy a very popular Obama-created governmental office of which he is very proud and voters absolutely love.
The Consumer Financial Protection Bureau, which was set up by Elizabeth Warren after President Obama personally appointed her to do so, is coming under heavy attack by the ultra-predatory payday lending industry. The industry is also enjoying the assistance of Republicans and a few Democratic sellouts which now includes Wasserman-Schultz among their number.
The CFPB is approaching a point where they are going to be able to adopt better rules to protect consumers from predatory lending practices, which disproportionately harm the poorest among us and can throw an otherwise financially stable family into a long and sometimes inescapable cycle debt. This has caused the industry to rally Republicans to assault the CFPB by attacking its budget, burdening it with impossible amounts of regulation, and creating outright lies about the agency unilaterally shutting down businesses.
Wasserman-Schultz is co-sponsoring a new bill that would completely gut the CFPBs approaching payday loan regulations and she is trying to lobby other Democrats in Washington to join her in this unprecedented attack on the poorest and most vulnerable Americans.
Read more: http://www.addictinginfo.org/2016/03/01/dnc-chair-just-directly-attacked-obama-elizabeth-warren-and-everyone-who-voted-for-them/
napi21
(45,806 posts)for reelection, she'll lose.
Raster
(20,998 posts)former9thward
(32,077 posts)Chasstev365
(5,191 posts)How many Hillary fans support the actions of Debbie Wasserman-Schultz tonight? And you wonder why we say Hillary is really a Republican lite.
99th_Monkey
(19,326 posts)I think 1-2 weeks ago it was saying FU to Obama's ban on huge corporate donations to
the DNC, and publicly saying "the Democratic Party is now FOR SALE"
dmr
(28,349 posts)Do they really care what she says? Probably the 3rd Wayers.
If we can get rid of her, Chuck Schumer, & a few more .... maybe there's some hope for the people, who definitely are liberal.
When is her time up?
TreasonousBastard
(43,049 posts)Schumer has a huge war chest and strangleholds on some districts critical to his constant reelections. He is my hated Senator, and as much as my local Democratic committees and clubs can't stand him, we have no idea how to depose him.
No doubt W-S also has such deep hooks in the party, and she won't go until there are other changes.
Snarkoleptic
(6,001 posts)They want to enshrine the corporatocracy, undermine organized labor, and further squeeze the middle class. Their vision is of the middle class being reduced to consumers and labor units, rather than citizens involved in managing the future of our democratic republic.
Salviati
(6,008 posts)awoke_in_2003
(34,582 posts)Luckily only for $200. The rate is $28 for every $100 borrowed every paycheck. We used to call that usury, now it is legal. These people make the Mafia appear generous.
awoke_in_2003
(34,582 posts)The owners of this country have bought enough people on both sides of the aisle. We will continue to get screwed.
trof
(54,256 posts)Still true these many years after Watergate and Nixon.