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Wednesday, September 29, 2010

postheadericon Reckless fiscal policy

President Obama and Elizabeth Warren are out to destroy the financial sector in their effort to deflect blame from government intervention. 
 
In the wake of the financial crisis, politicians cast financial-industry giants as scapegoats, while their misguided cohorts who tanked our financial markets continued to promote reckless fiscal policy. One of the outcomes of the crisis was the creation of the Consumer Financial Protection Bureau (CFPB). 
 
Elizabeth Warren, another lawyer and Harvard Law professor, sidestepped the confirmation process by being appointed “Assistant to the President and Special Adviser to the Secretary of the Treasury on the CFPB," a title only a politician could love. Warren is another case of Obama using academia to teach the real word a lesson. She is an aggressive anti-business proponent of the CFPB, and has already met with influential industry leaders on the direction of financial reform. She wants to “level the playing field." Considering that the MoveOn.org crowd loves her, we can all guess what that means â€" punish achievement and reward those who can’t make anything for themselves. 

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