I accept that the Consumer Financial Protection Agency will make it harder and more expensive to make loans, thus slowing growth and reducing employment. I further accept that the new nanny agency will make it impossible for poor people to get loans, after which we will all blame banks for being greedy, instead of bureaucrats for being stupid.
But it is hard to accept that our con law prof prez is going to subvert the entire "advise and consent" part of the constitution. He has a Democratic senate, for heaven's sake.
If the Cambridge Caterwauler can't be confirmed by a Democratic senate, maybe she is too extreme for the job. Proof I'm right: WaPo likes it.
(Nod to Angry Alex)
I've read Warren carefully and I think we need a consumer advocate like her. After all, close to 75% of bankruptcies in this country are driven by medical expenses, and most of the remaining 50% are influenced by unscrupulous lending practices.
ReplyDeleteOdd, I was unaware Americans became suddenly so sick in 2008 that medical bankruptcy went up high enough to wreck the financial sector... Either that, or your statistics are bunk.
ReplyDeleteDavid, saying that most bankruptcies are influenced by unsrupulous lending practices is like saying most dog traffic fatalities are caused by inadequate braking. It happens to be factually true, yet somehow misses the point entirely.
ReplyDeleteAs for Ms. Warren, after the first time I saw her, I was shocked to find out she had credentials. She seemed straight of of central casting, as if John Hughes lent her his stylist. She's the tough but understanding school marm who is going to sit you down & give you a stern talking to. But, at the end of the day, she just cares about keeping you safe.
David, let's hope you read Warren with more care than you invested in your math.
ReplyDeleteTough crowd, tough crowd.
ReplyDeleteDoes nobody remember Yogi Berra's great lines? What is America coming to?
ReplyDeleteUnder the unitary executive theory, all this appointment business is pish-tosh. Obama can do whatever he likes with the power Congress has foolishly granted his branch.
I'll give David the benefit of the doubt of being sarcastic with his comment...
ReplyDeleteDaniel, I think you're right.
ReplyDeleteIn that light, David's post is pretty funny. Tough to do sarcasm on the boards, with ninnies like me ready to pounce.
Indeed. This is a nice piece on how "medical bankruptcy" is defined, prompting my insinuation that her numbers don't really add up:
ReplyDeletehttp://www.kellogg.northwestern.edu/research/chime/papers/myth_vs_fact.pdf
"Anonymous" #1 here. I now hang my gullible head in shame.
ReplyDeleteLol at Anonymous. Hang your head up high. Lol.
ReplyDelete