REPUBLICANS CONCERNED THAT ELIZABETH WARREN IS NOT A CORPORATE SHILL
WASHINGTON - A heated debate broke out in Congress on Tuesday between Elizabeth Warren, who is directing the start of a new consumer bureau outlined in last year’s Dodd-Frank Act, and Representative Patrick T. McHenry, a North Carolina Republican and chairman of a subcommittee of the House oversight committee’s committee on overseeing the committee of oversight for the House. Committee.
The debate has highlighted concerns amongst Republicans about the effectiveness of the Dodd-Frank bill - in that they are concerned it will be effective.
“I am deeply worried,” said Mr. McHenry in opening statements. “Ms. Warren’s history as a regulator and consumer advocate makes her entirely too appropriate to lead a bureau meant to regulate business and protect consumers. To be honest, we’re totally freaking out over here. You have to understand, we’re used to regulatory agencies that are just there for show. But to actually regulate business? How are we supposed to react to that? What happens if it works? I need a hug. Let the record show that I need a hug.”
A terse back-and-forth between Ms Warren and Mr McHenry then followed, wherein Ms Warren said “Umm, do I really have be here and get berated by you like a child, or will you let me go do my actual job?”
With which Mr. McHenry replied, “Still waiting on that hug.”
Tuesday’s debate seemed to highlight the deep divide between parties on this issue. While Democrats, who passed the bill, are working to avoid another recession of the kind that continues to decimate America’s economy, Republicans would rather focus on other problems. Particularly those that don’t make them look bad, hurt their campaign funds, or make them rethink their economic philosophy in the face of fact.
“It’s almost as though you don’t care at all that I get reelected,” Mr McHenry said in concluding comments whilst embracing a stuffed Paddington Bear.
“Don’t listen to the mean lady, Paddington.” He went on. “I wont let her hurt our free market. And when I’m done, I’ll buy you gold-plated wellies.”
