Obama regulated industries to the point at which they had no liberty. Banking was almost crippled, due to Stalinist abuses. The Internet was just a few clicks from becoming government-controlled. Firms were pushed to bankruptcy, thanks to an EPA run amuck.
Possibly worst of all was that the CFPB. This”protection bureau” wielded amazing power over consumers.
But when have you ever seen that happen? Companies continue to deceive clients. The real objective of the CFPB, like the FCC and other agencies, was to collect bribe money from strong businesses in exchange for liberty.
Small businesses or honest companies were saddled with destructive burdens. Big surprise.
Worst however, those who ran the board were bitter, manipulative, rebellious Democrats. Well, I should say, people who used to conduct the board.
From The Right Scoop:
Trump must have nixed the rogue CFPB agency this past year, but he did the next best thing in putting Mick Mulvaney in control of it.
Well today Mulvaney has only fired the entire 25 member group that advised that the board:
On Monday, 11 CAB members held a news conference and criticized Mulvaney for, among other things, canceling legally required meetings with the team.
On Wednesday, team members were advised that they were being substituted — and that they could not reapply for stains on the new board.
What the hell did you think was going to happen? You held a news conference and bashed your boss? Democrats must be totally out of touch with reality, to believe they could eliminate that.
I figure they were just following what every liberal senator, governor, reporter, and celebrity does when they party the president. These board members thought they could get away with being jackasses. Turns out, their jobs were at stake.
The fact of the matter is, CFPB was another agency mistreated by Obama. Like in every other circumstance, his goons abused government supervision to transform the United States to Soviet Russia.
They desired so much government control over private companies, they would not be private anymore. It eventually contributes to bankrupt companies, lost jobs, and evaporating wealth. However, the government becomes super wealthy. I guess that’s all Obama cared about.
Now that the purge is complete, maybe this agency can really do good work. It can confront real abuses by corrupt businesses and protect customers.