Tune on out if you are sick of me talking about how shitty our congressional delegation is. Still with me? Well I’d like the answer to a few simple questions after you read this:
The St. Louis Today editorial board breaks down what the Republican obstruction of Richard Cordray’s nomination means:
This is one of those confusing process votes that sometimes obscure what’s really at stake. So let’s keep it simple: The effect of this vote is a big win for a financial industry that is desperately trying to avoid being fully accountable to its customers.
It’s a win for opaque language in credit agreements and mortgage documents. It’s a win for jacking up credit rates or taking away your house. It’ll make it easier for debt collectors to hound you. Private student loan lenders will continue to operate in the shadows.
The industry that did so much to bring on the Great Recession continues to fight every effort to rein in its excesses. In this, the industry has no greater ally than the Republican Party.
-via dkos
Great, right? How clear is that? How straightforward and accurate? Now then, why do I have to happen upon stuff like that when we have a congressional delegation that should be bringing us that view of the inside workings of congress? How easy (and true and helpful) would it be for one of the three Democrats that we elected to represent us in Congress to say that the Republican obstruction of Richard Cordray’s nomination was bad for the country?
What do we get instead, but a bunch of “Bipartisanship RULZ!!” public relations nonsense.
UPDATED: I just found this on the Bill Press web site – “Senator Chris Coons (D-DE) will discuss the latest on the payroll tax cut, Consumer Financial Protection Bureau nominee Richard Cordray, and more”
So I guess we’ll get Coons’ take.