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Thursday, October 6, 2011

Protection Bureau, Protecting What - Not the Consumers

Obama, with a straight face, criticized efforts in Congress, led by Republicans, to roll back some of the financial rules approved last year. He even tried to defend the Consumer Financial Protection Bureau created by that legislation, against GOP efforts to weaken it.
Obama, again, with a straight face, said  some banks are now following the  new regulations and are charging consumers more. (Thank you Mr. President) " Does anybody up there ever think these things through before they vote on them? Or was this another of the famous,"pass it so we can see what's in it" bills. " It was a reference to a fee some banks are imposing  on the consumers because of the  restrictions on debit card fees banks used to charge retailers  but now charge consumers, thanks to the Consumer Financial Protection Bureau.
"It's not necessarily fair to consumers," he said.( I guess rules are rules and since nobody had the foresight to  see what was coming the consumer will get soaked again) Thank you, Consumer Financial Protection Bureau. Now what is consumer Protection all about?
Obama also said the European Union has to act fast to deal with its debt crisis, but he said he is confident that European leaders are ready to take the necessary steps. The United States leaders screwed it up royally.  Thank you, Mr. President and the Consumer Protection Bureau. Will someone tell me who  passed a bill setting up this SO CALLED Consumer Protection Financial Bureau? 
                                                 THE PRESIDENT AND HIS PARTY DID WHAT?
LETS RECAP, THE DEMS  CAME UP WITH AND THE PRESIDENT SIGNED THE LEGISLATION THAT FORMED THIS PROTECTION ... BUREAU THAT IS NOW COSTING THE CONSUMERS MORE MONEY. ( LET ME GET THIS STRAIGHT)THE PRESIDENT IS UPSET AND IS TELLING THE REPS. THE PEOPLE WILL VOTE THEM OUT???  MR. PRESIDENT, THE PEOPLE AREN'T STUPID AND I HOPE THEY DO VOTE OUT THOSE RESPONSIBLE FOR THE LATEST MESS, YOU AND MEMBERS OF YOUR PARTY!! 

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