Obama bucks Reps by making unprcdntd recess appt

[nathanm]

No matter how you dance, unchecked budgets lead to unchecked power.  Dodd and Frank realized that the only way to insure that an agency could not be influenced by lobby efforts was to make that agency immune from any form of public funding control.  Unfortunately that cannot be interpreted as constitutional.  The president knows that.

Gaspar, are you really that stupid or are you just trolling? CPFB isn't immune to anything. Congress has the power to change laws it passes at any time.

[Gaspar]

I do have to hand it to President Obama, he has made far less recess appointments than other presidents.  

[nathanm]

Also, two words you used to use a lot come to mind: "sour grapes"

[Gaspar]

Gaspar, are you really that stupid or are you just trolling? CPFB isn't immune to anything. Congress has the power to change laws it passes at any time.

I think I must be stupid.  I was under the impression that the CPFB was funded under the Federal Reserve, and while congress may have the ability to vote a "stay" on issues it is not granted oversight.

I am also under the obviously stupid impression that almost all subsections of the bill related to appropriation of funds for the CPFB says this:
AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated, such sums as may be necessary to carry out this subsection.

Since the director's primary responsibility is to ensure compliance amount financial institutions, it will be necessary to develop his own "police force"  For this the director has the ability to hire an unlimited number of employees for whatever compensation he wishes to pay them. He can also contract with as many outside private and public sector agencies for what ever price he wishes.  He must get approval from no one for these positions which makes him more powerful than the FBI, CIA, NSA, or even the Oklahoma Turnpike Authority!

CONTRACTING AUTHORITY- The Director of the Bureau of Consumer Financial Protection is authorized to utilize, contract with, act through, or compensate any person or agency in order to carry out this subsection.

I have this bad habit of reading the bills.  I know this makes me stupid in the eyes of a liberal, and I am sorry for that.

[nathanm]

You must be since you can't grasp the simple concept of Congress changing a law even as you advocate for the law to be changed. That ability is the strongest form of oversight that can possibly exist. Congress cannot pass a law preventing itself from future (Constitutional) action.

[we vs us]

I do have to hand it to President Obama, he has made far less recess appointments than other presidents.  

Aaaaaand that's because Congress has been in pro forma session since the 2010 midterms.

[Gaspar]

You must be since you can't grasp the simple concept of Congress changing a law even as you advocate for the law to be changed. Congress cannot pass a law preventing itself from future (Constitutional) action.

I understand that, but when you create a fiefdom with this kind of power, it becomes very difficult to ever change.  Under this bill the CPFB may not be very susceptible to lobby power, however it will very quickly become it's own powerful lobby filled with highly paid public union labor, and with the ability to regulate almost any sector of the economy it pleases through the banks.  This centralizes so much power it's unimaginable. We are giving the Federal Reserve it's own police force.  Can you imagine what that means?  Unchecked police powers always evolve into tyranny.

When all government, in little as in great things, shall be drawn to Washington as the Center of all power, it will render powerless the checks provided of one government on another and will become as venal and oppressive as the government from which we separated. – Thomas Jefferson

It took about 150 years, starting with a Bill of Rights that reserved to the states and the people all powers not explicitly delegated to the federal government, to produce a Supreme Court willing to rule that growing corn to feed to your own hogs is interstate commerce and can therefore be regulated by Congress. – David Friedman

In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution. – Congressman Wright Patman

[Gaspar]

Aaaaaand that's because Congress has been in pro forma session since the 2010 midterms.

Actually that's not at all true.  The longest recent Pro Formas were in the senate from October of 2008 to January of 2009 led by Harry Reid.  President Bush felt compelled to honor constitutional authority of the Senate.  Many believe that weakness was part of the impetus that spurred the birth of the Tea Party movement.

[Conan71]

He obviously doesn't understand this is precisely how government irreversibly metastasizes.  In spite of claims about shrinking government payroll, it's still far larger than it needs to be.  We keep creating new bureaucracies to deal with the inefficiencies or the outright failure of other government oversight agencies and not dismantling the old agencies in the process.  It's ridiculous duplication of duties but it sure does gain votes.

[Gaspar]

He obviously doesn't understand this is precisely how government irreversibly metastasizes.  In spite of claims about shrinking government payroll, it's still far larger than it needs to be.  We keep creating new bureaucracies to deal with the inefficiencies or the outright failure of other government oversight agencies and not dismantling the old agencies in the process.  It's ridiculous duplication of duties but it sure does gain votes.

It is the way of the walk.

[Townsend]

Sure has filled in some airtime.

http://www.wnd.com/2011/12/375385/

http://www.rushlimbaugh.com/daily/2012/01/05/the_lawless_obama_regime

http://cnsnews.com/blog/patrick-burke/mark-levin-we-have-constitutional-crisis

Apparently a central american dictator has taken over the Whitehouse.

[nathanm]

He obviously doesn't understand this is precisely how government irreversibly metastasizes.  In spite of claims about shrinking government payroll, it's still far larger than it needs to be.  We keep creating new bureaucracies to deal with the inefficiencies or the outright failure of other government oversight agencies and not dismantling the old agencies in the process.  It's ridiculous duplication of duties but it sure does gain votes.

It's not duplication. OCC and the Fed have never really taken up the mantle of consumer protection. They deal in capital ratios and risk, not sleazy lending. The FTC would have authority in the area, but the executive branch has long held the position that the FTC doesn't get to regulate the practices of banks. States tried to fill in the gap, but under Bush the federal-level regulators declared any attempt by the states to regulate banks to fall afoul of federal authority. Moreover, the CPFB has regulatory authority over nonbank financial services, which were previously completely unregulated on the federal level.

You may have missed it, Conan, but OTS ceased to exist a few months back, so we are in fact eliminating some existing agencies with responsibility in the area.

[Gaspar]

the CFPB has already started the hiring blitz.  

You can be an "Invitations Coordinator" for $102K and get 3 weeks of vacation with full benefits right off the bat.  

Sounds like a very important position, everyone should apply!

http://www.usajobs.gov/GetJob/ViewDetails/306225500

Or, you can be a sysadmin for $149K

http://www.usajobs.gov/GetJob/ViewDetails/306418000

These are awesome jobs and they seem to be paying about double their private sector equivalent.

Administrative Assistants are kickin $105K

http://www.usajobs.gov/GetJob/ViewDetails/306320300

[Townsend]

the CFPB has already started the hiring blitz.  

These are awesome jobs and they seem to be paying about double their private sector equivalent.

I imagine they have to attract enough people to be able to weed out certain folks that just blurt out make believe on poilitical threads.

[Conan71]

the CFPB has already started the hiring blitz.  

You can be an "Invitations Coordinator" for $102K and get 3 weeks of vacation with full benefits right off the bat.  

Sounds like a very important position, everyone should apply!

http://www.usajobs.gov/GetJob/ViewDetails/306225500

Or, you can be a sysadmin for $149K

http://www.usajobs.gov/GetJob/ViewDetails/306418000

These are awesome jobs and they seem to be paying about double their private sector equivalent.

Administrative Assistants are kickin $105K

http://www.usajobs.gov/GetJob/ViewDetails/306320300

But it's only a few hundred thousand here and there.  It's not like it adds up into trillions of debt or anything.