As Judicial Fortitude author Peter J. Wallison notes, the CFPB is "The brainchild of Sen. Elizabeth Warren," and that makes a case for closer examination.
The CFPB director gets a five-year term fully protected from removal by the president other than for "Inefficiency, neglect of duty, or malfeasance." This places the director outside the control of the president, "Whose ability to pursue the policies he was elected to implement depends crucially on the ability to remove and replace the senior officials of executive agencies." Trump nominee Brett Kavanaugh is already on record that the CFPB director is the most powerful person in the federal government, aside from the president.
The CFPB gets funding not from Congress but the Federal Reserve, and the money comes at the request of the CFPB director.
Under the enabling Dodd-Frank legislation, the Fed has "No ability to affect the agency's actions." So Warren's CFPB is beyond the control of Congress, and if the Supreme Court upholds the status quo, "It would be possible for Congress to create other agencies that are beyond the control of any elected body."
If the Supreme Court leaves the CFPB in place, and simply nixes the measure that forbids the president to remove the director without case, Wallison explains, "Will mean that it is still possible for Congress to create agencies that are beyond Congress's appropriation power." That is a clear and present danger to democracy and the nation's economic health.
The CFPB, a beachhead for socialism, serves no worthwhile purpose.
President Trump, should target the CFPB for elimination, and that would add to his roster of accomplishments.
https://www.frontpagemag.com/fpm/2019/10/warning-warren-lloyd-billingsley/
The CFPB director gets a five-year term fully protected from removal by the president other than for "Inefficiency, neglect of duty, or malfeasance." This places the director outside the control of the president, "Whose ability to pursue the policies he was elected to implement depends crucially on the ability to remove and replace the senior officials of executive agencies." Trump nominee Brett Kavanaugh is already on record that the CFPB director is the most powerful person in the federal government, aside from the president.
The CFPB gets funding not from Congress but the Federal Reserve, and the money comes at the request of the CFPB director.
Under the enabling Dodd-Frank legislation, the Fed has "No ability to affect the agency's actions." So Warren's CFPB is beyond the control of Congress, and if the Supreme Court upholds the status quo, "It would be possible for Congress to create other agencies that are beyond the control of any elected body."
If the Supreme Court leaves the CFPB in place, and simply nixes the measure that forbids the president to remove the director without case, Wallison explains, "Will mean that it is still possible for Congress to create agencies that are beyond Congress's appropriation power." That is a clear and present danger to democracy and the nation's economic health.
The CFPB, a beachhead for socialism, serves no worthwhile purpose.
President Trump, should target the CFPB for elimination, and that would add to his roster of accomplishments.
https://www.frontpagemag.com/fpm/2019/10/warning-warren-lloyd-billingsley/
No comments:
Post a Comment