Watch as Senator Mitch McConnell (Wall St-KY) flat out admits that any attempt to protect the American consumer will "take down the banking system". This is an outright admission that our entire banking system is predicated on the exploitation of unprotected consumers, which leads me to my New Rule; You're not allowed to sell your countrymen out to multinational financial corporations anymore and still call yourself a patriot.
Seriously, watch as Senate Minority (1%) Leader and Old Age Mutant Ninja Turtle Mitch McConnell explains how instituting the watered down, industry written Dodd-Frank Act and the Consumer Financial Protection Agency which is housed within the unaccountable and nontransparent Federal Reserve system will actually destroy the financial sector in America as we know it. If you haven't done so yet, have a stiff drink, and be prepared to have a pillow at hand, or at least a small hippy, if you feel the dire urge to punch something.
This logic is flawed. Crazy is a good word too.
WALLACE: What’s your problem with an agency that would protect consumers from mortgage lenders, from debt collectors and student lenders?
MCCONNELL: Yes, here’s the problem: this new agency answers to no one, absolutely no one — another unelected czar. We’ve got a bunch of those in the White House. We don’t need any more of them. And the only way we can incentivize the administration to change this agency which isn’t subject to oversight by Congress, doesn’t get its money from Congress, answers to literally to no one — it’s one individual who could bring down the banking system in this country if he chose to, has unlimited power. No one has that kind of power.
thinkprogress.org
HOW DARE THEY ALLOW ONE GUY WHO ANSWERS TO NO ONE BANKER RUN AROUND PROTECTING CONSUMERS HOWEVER HE SEES FIT!?!?!? THE HORROR!!! THE HORROR!!!
Sorry for the screaming, but this is hair on fire absurd. Seriously? Mitch McConnell actually had an elaborate answer about unelected people with no accountability and he used it to defend WALL STREET from people who would protect CONSUMERS. Subtract the standard claptrap about commie czar's (began under Republican Nixon in 1973) and every other Frank Luntz talking point from 2010 about Wall Street reform and what you end up with is a crazy guy with no chin who is paid by Wall Street to tell you how terrible it would be for Wall Street if consumers only knew what type of deals they are getting into.
A further analysis of this ideological sophistry and a rant may be found below the orange squiggle of truth . . .
Of course, Senator Minority Leader Turtledove from Kentucky is not alone when I say Senator Wall Street. In passing by Senator Mark Warner's office last week Tool had to damn near put his hand over my mouth as the swear words I cast about turned the air nearby dark blue. When Dick Durbin said that the banks owned the Senate I actually believed him, and when Bernie Sanders re-iterated that fact I confirmed that belief, though it was obvious to everyone, including people who don't even watch the news. As of this writing, Fox News viewers continue to remain clueless.
But when Senate Republicans openly attack protecting consumers, not only has the shark been jumped, but the shark joined a band and is doing a crappy three stooges impersonation like "Jabberjaw. Watching Mitch McConnell flat out stand up and fight against the idea of giving someone the power to protect consumers from Wall Street reminds me of the time that Lewis Black said that Glenn Beck has Nazi Tourett's, because there is a part in it where Black burns Beck to the ground for standing up against empathy, and Black goes NUTS, decrying the notion, and righteously so, that only a crazy person could possibly take the most positive word in the English language and compare it to Hitler. That's how I feel about McConnell standing up to the idea of protecting American Consumers from predator Wall Street banks, it's as batshit crazy as calling empathy Hitler.
And that brings me back to my New Rule. You're not allowed to sell your countrymen out to multinational financial corporations anymore and still call yourself a patriot. I found it ironic, as I marched in solidarity with 99% of America against Goldman Sachs yesterday, who, as you may remember, was the recipient of taxpayer funded corporate welfare and the recent employer of consecutive Secretaries of the Treasury Department, well, during all that while I marched for justice within walking distance of ground zero I realized that there is a man from a state that isn't even on al Qaeda's target list, let alone Sarah Palin's, who honestly thinks that the greatest threat to the American economy is protecting the American consumer from Wall Street. Now, I apologize to my friends from the Commonwealth of Kentucky, but you guys rank right behind New York City, Washington D.C., Los Angeles, Chicago, Atlanta, San Francisco, Miami, Boston, Philadelphia, Seattle, San Diego, Dallas, Houston, Austin, New Orleans, Denver, St. Louis, Hawaii, Mount Rushmore, NORAD, The Statue of Liberty, The Grand Canyon and Snooki on the list of top priority targets for terrorism, so I'm tired of hearing you freakout every time you hear the word Muslim or see a somewhat browner person than you that you can't differentiate from all the other brown people you are potentially terrified of. Today Goldman Sachs was up to their old schtick, lying to consumers. On Friday Goldman Sachs was dumping all of their shares of European bank stocks while at the same time encouraging investors to buy European bank stocks. The general MSCI Euro financial sector, or EUFN, is down 6% today. Coincidence? But do Fox News viewers know that? Hell no! Knowing things is for elitist libruals what with their booklearnings and such. (Hat tip to Zerohedge.com)
Let's put it like this, if some country screwed over America the way Goldman Sachs did, you can rest assured that Republicans would be demanding that we bomb the shit out of them and then invade them for their natural resources.
With that being said, if you think that terrorism in all its' potential forms is such a real and present danger that we must restrict our own civil liberties, torture people and finance ever increasing military budgets for over a decade in order to protect the American people, but you also think that protecting the American consumer is off the table, I will tell you this, you're not allowed to sell your countrymen out to multinational corporations anymore than you are allowed to sell your countrymen out to multinational spies or foreign armies, and if Bloomberg thinks he has the 7th largest army in the world I know one Army that doesn't fight for the USA who is bigger and better financed than Bloomberg's NYPD, and that is the army of well funded lobbyists who descend upon our nation's capitol every single day, but I digress, because guys like Mike Bloomberg own that Army too.
Billionaires and their special interests own Senator Mitch McConnell as well, along with the entire Senate GOP and enough corrupt Dems to make up the difference. McConnell flat out admitted that Wall Street must be allowed to screw over the American consumer in order to make the record profits they are currently pulling in. Why isn't selling out your countrymen to foreign financiers on a par with Benedict Arnold who once sold out his own countrymen to another foreign interest? The way I see it, you're not allowed to sell your countrymen out to multinational financial corporations anymore and still call yourself a patriot, and I'll be damned if my allegiance to this great nation and my countrymen is ever questioned again by the gaggle of mercenary rogues who would sell out our soldiers returning from the war in Iraq that they lied us into.
When I go back to D.C. later this week I will be sure to pay Senator McConnell's office a visit. A refusal to protect the American consumer is a refusal to protect America. I refuse to have my patriotism questioned by people who would sell out their own countrymen on the basis of ideological purity to an Ayn Rand piece of fiction.
Because when it comes down to it, Mitch McConnell is too bust helping the banks exploit American consumers to actually protect America. Imagine Mitch McConnell as something like Benedict Arnold if King George was a CEO for a too big to fail bank.
Rant off/
Peace and love to all,
You can follow on me Twitter at @JesseLaGreca