Monday, October 24, 2011

House GOP: Don't Drink The Water or Breathe The Air

The GOP-Controlled House of Representatives list of legislative job-creating successes:
The Reducing Regulatory Burdens Act
The Energy Tax Prevention Act
Disapproval of FCC’s Net Neutrality Regulations
The Clean Water Cooperative Federalism Act
Consumer Financial Protection and Soundness Improvement Act
Protecting Jobs From Government Interference Act
Transparency in Regulatory Analysis of Impacts on the Nation
Cement Sector Regulatory Relief Act
EPA Regulatory Relief Act
Coal Residuals Reuse and Management Act

What House Republicans have come up with is a series of bills that sound like good ideas such as the Consumer Financial Protection and Soundness Improvement Act.  How bad can something be that improves consumer financial protection right?  Wrong.  Very Wrong.  This bill removes the legitimacy and enforcement power of the Consumer Protection Financial Bureau.  In other words, let the banking industry continue to have unfettered and unconstrained power through fine print to extort money from citizens.  As for the other bills listed above, they are part of a wide ranging attack on the power of the EPA.  These bills will in effect disarm and defuse the EPA’s ability to enforce the Clean Air Act, the Clean Water Act, and Safe Drinking Water Act.
The Republican Party: Create wealth for the rich while creating no value for the country.

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