Dodd Praises Corker for Trying to Create Powerful Independent Agency, ‘Like We’ve Never Had Before’
by Capitol ConfidentialFriday night on National Public Radio, a fitting place to announce an unprecedented growth in federal power, Sen. Chris Dodd praised his partner in crime Sen. Bob Corker for working together to create an “independent, autonomous, rule- writing entity, unlike anything we’ve ever had before.” That is exactly why Tea Party activists from across the Volunteer State gathered in front of Corker’s office this past week to protest his back room dealmaking.
Why would Corker ignore his constituents and abandon all conservative principles to work for legislation that earns him praise from Chris Dodd of all people? Here’s why.
The big banks and Wall Street firms support the President’s Financial Reform package. The House passed bill contains the mother of all bailouts — a $4 trillion authorization for the Federal Reserve to continue to bailout firms for decades to come. In fact, as conservatives in the House reminded us when the Obama/Frank bill was on the floor, this bill makes bailouts the permanent policy of the US government. And who gets those bailouts? The same banks and firms that support the bill. And who does Wall Street rain campaign contributions on? None other than Bailout Bob Corker.
Corker has raised over $3 million from Wall Street and related firms since being elected to the Senate. That’s a lot for a freshman Senator. It seems like Wall Street is finally getting a good return on their investment.
And what about creation of this “independent, autonomous, rule-writing entity, unlike we’ve ever had before?”
Corker Campaign Contribution Sources--From www.opensecrets.org
That entity won’t be regulating Wall Street. it will be regulating Main Street. Stores with layaway plans. Check cashing companies. Payday lenders. Debt settlement companies. Car Dealers and pawn shops (if their lobbyist written exemption falls out) will all be regulated by the federal government.
And that’s just for starters. How many government agencies do you know of that get less powerful as they go along? And how many can you think of that continue to grab more and more power over more and more parts of our lives?
And Bob Corker wants to add a new one. “unlike we’ve ever had before.”
So much for federalism. Wall Street has nothing to fear from the creation of the so-called “Consumer Financial Protection Agency.” We do.
It looks like Sen. Corker is willing to turn his back on the principles of smaller government and the free market to please his Wall Street friends. We hope we are wrong but the damning evidence suggests otherwise.
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34 Comments
Hmm who owns this guy
I think that being endorsed by Chris Dodd speaks volumes! As the saying goes "It takes one to know one". Who will be next to sing his praises? Obama, Pelosi or Reid? ROFL!
He is my Senator, already called the office to speak my mind. When you get in bed with a dog expect to get flees. Judga a man by the company he keeps… see ya BOB!
My Dad used to say, "Show me your friends, and I'll tell you Who you Are!!
I think this applies here…and with a lot of these fuzzen Rino's….
And yet, just last week corker's office released the statement the he was NOT signing on for this – wtf??
Good that you did that Mac, now follow through and
get friends and family to do the same….It's hard to
believe that every day that passes, there's something
new to worry about, or wonder about….It's starting to
give me an ulcer…lol..Wonder if Obumblecare will fix
me up once they break me…..lol
Top three Rinos to throw out the door; Bob Corker, Lindsey Graham, John McCain
right on !
Dump the RINOs!
That's the difference between a politician and a statesman.
His picture looks like a game show host.
He thinks if he shows his left hand, no one will see his right hand behind behind his back with his fingers crossed.
Government Regulations "Like we have never seen before" — Thanks Bob. That is exactly what we need: More Washington bureaucracy. More Washington government workers. More Washington red tape. More Washington job kills regs. Wake up and smell the tea party, Bob!
Big surprise…more corruption in Washington. So much for that hope and change thing!!
They need to be hunted to extinction.
He has his three middle fingers up in the air and telling America to,….
read in between the lines
He is not my senator but I called anyway, and they tried to spin it.
I told them that they think everyone is distracted by healthcare and that no one is paying attention to anything else, but we have an Army of Davids watching everything. I told them we are no longer believing what a staffer tells us something means, but what our own eyes tell us, and that we would be holding them accountable.
I don't understand this undeserved(as yet) adulation of Brown. Yes he's a big improvement over a Kennedy, but we'll see if we just picked up another McCain/Graham.
Let's review: Marxism is the agenda of Obama, which appears in line with Connecticut's, Sen. Chris Dodd and the Marxism Manifesto states that you have to bust the economy to take over a country! Karl Marx said that Marxism is Anti-Messiah and I THINK that he should know, at least I hope that much! I wonder how Obama figures in on these times? Hello!
Make them justify this new arm of government. Why do we need this? In actuality there way too many agencies regulating Wall Street, as well as main street. As always with this gigantic government the left hand never talks to the right hand. I am sick of the feds that create agency after agency because one fails. Instead of fixing it, they just make a new one. the regulations are there it is the enforcers that are the problem. Geitner ring any bells folks? How about the fact that they ignored Madoff for over a decade?
BTW…for the record, that video of the presidents on FunnyorDie is not funny and sadly stupid. Perhaps all those actors and Ron Howard should learn what those banking committees do in both houses, and what they are supposed to do. Wonder if Howard hates those banks when he is seeking millions in loans to make his next flick?
I suspect a grab and run is going on. Corker knows that the cause is lost, so he is preparing for his own survival. It's the rats and the sinking ship.
If you think anti democrats are god like look again. The establishment is for big government and this is exactly why the tea parties do not endorse a single party. All we ask is to get back to the constitution and that means limited government.
Look! He's giving us the ring finger. It's the new middle finger. Think about it.
Linsey Graham and Chuck Shumer meeting at the White House the other day,….
discussing Immigration "Reform" with Obama,……two city slickers and this country bumpkin
I sure hope this yokel didn't sell the farm.
Well you can see how well that is working out in AZ. Let's see, he has Brown and Palin supporting him.
These monsters are not going to let loose of their power very easily. They are going to feather each other's nests for as long as they can.
When his term is up, it is time to show this RINO the door. It is amazing the damage a "freshman" can do. Goes to show how closely candidates should be scrutinized before casting any votes.
Corker is a loser and jerk, but his daughter is H-O-T
He looks like a total fool. Are they using the money to "restruct" the banking industry? Or where exactly is it going. They're a pack of jackals!!! He gets voted out what does he care – he's a millionaire already. And can come back in a couple of months as a lobbyist. THere should be a law that requires them all to wait at least two years before being permitted back for anything!!!
It's good to have a clear idea about where BigGovernment.com stands regarding the consumer's interests. Perhaps you should change your name to BigCorporation.com
This is the reason we need a new third party. The Middle Class Party….All we hear is this will help the middle class from Dems and Rep.(If you make more than say 1mil a year don't apply)
Rule 1. If your in the house or senate your days are done return to your city and retire.
Rule 2. If your a crooney for big banks, big insurers,labor unions, your out go home get a real job without raping the American people.
Rule 3. If you think the seat you have in the house or senate is yours(wrong) IT'S OURS. your out.
Rule 4. Follow the Constitution or you got it, your out.
Rule 5. If you cheat on your wife or husband,don't pay your taxes, forget property you own,get cush cush loans from big business…..Please don't waste our ink we are tring to save money.
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[...] about ‘Proxy Access’ Posted on March 10th, 2010 at 11:13 PM by Category: Uncategorized Capitol Confidential and Jim Hoft have done an excellent job laying out concerns with the potential “compromise” [...]
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