Friday, January 25, 2013
A wake up call
Politics is basically just a numbers game, right? Whoever gets the most votes wins. While the rich might have the money, it's the middle class, and to a lesser extent the lower economic class, that has the numbers (votes) necessary to win an election. If you don't understand that, ask Mitt Romney to explain it to you.
So here's what I don't get: Why does the Republican Party time and again shoot themselves in the foot by taking stands against the middle class? Consider this....President Obama just yesterday appointed Richard Cordray to head the Consumer Financial Protection Bureau. He currently heads that Bureau with a recess (temporary) appointment, and now Obama is asking the Senate to make it permanent.
Senate Republicans have already said they would not support him or any candidate for that position. It isn't that they have any particular bone to pick with Mr. Cordray. They just don't like the Consumer Financial Protection Bureau, period. I suppose it has something to do with "big government", "too much regulation", etc.
Keep in mind the CFPB is charged with making sure mortgage lenders, credit card companies, and other financial firms (payday lenders?) play by the rules. Heaven knows in years past they have been the most egregious of consumer abusers.
By their opposition to the CFPB isn't the Republican Party in essence saying they condone such a royal screwing of the middle class? That's sure how it looks from where I sit.
I'm sure they see it as a stand on principle, but all it's accomplishing is getting them run over by the proverbial bus. Instead they need to get on board and help establish and enforce some financial rules that are fair to consumers yet allow businesses to make a reasonable profit.
A "win-win" deal is always good. A position where the side you favor (big money) wins big and the other side (the consumer) gets crushed will make you a consistent second place finisher.
Come on Republicans. America's demographics are increasingly working against you already. If you don't reasses your positions you'll eventually become irrelevant. Wake up!