Serves her right!
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During debates years earlier under the Obama administration over the wisdom or lack thereof of fashioning the so-called Consumer Financial Protection Bureau to essentially be “answerable to no one,” Democrats and Republicans alike warned of the risks inherent in granting one agency so much power.
Yet the agency’s architect, Massachusetts Sen. Elizabeth Warren, brazenly ignored their concerns. Apparently, Pocahontas thought she knew best.
But she thought wrong. In fact, Pocahontas is now paying a steep price for her arrogance, according to Reason magazine:
Warren is spitting mad at Mick Mulvaney, the Office of Management and Budget director who does double duty heading up an agency whose creation Warren championed: the Consumer Financial Protection Bureau (CFPB). The CFPB’s previous director was an ideological ally of Warren. Since Mulvaney took over, Warren has ripped the agency’s decisions. Warren said Mulvaney is giving “the middle finger” to consumers, and she railed at Mulvaney’s indifferent response to the 10 (!) letters she has sent him demanding answers to more than 100 questions.
The other day she tweeted that she is giving Mulvaney “one last chance.” Yet as The Wall Street Journal points out, she has only herself to blame for her apparent impotence.
Indeed. In her endless quest for power, Warren jettisoned common sense and reason, choosing to empower the CFPB with the authority to disregard Congress’s demands.
“The bureau is funded not with an annual appropriation like the rest of the government, but by the Federal Reserve based on a request from the head of the CFPB. Congress thus can’t use its constitutional power of the purse to enforce public accountability,” the Journal notes.
“Unlike other so-called independent agencies like the Securities and Exchange Commission, the CFPB also isn’t composed of a bipartisan set of commissioners. It’s a one man show whose five-year term transcends elections and thus Administrations.”
While this worked beautifully for Warren when one of her allies ran the agency, she now finds herself in an extraordinary pickle, and all because of her own doing.
Simply put, there is nothing on Earth the pretend Native American can do to stop Mulvaney from enacting his agenda, though she’s more than welcome to try performing a rain dance.
Otherwise, it appears that her only other option is to simply take it as karma eats her up like nom-nom-nom-nom, BITCH!
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