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Dodd-Frank Has Crippled Our Economic Recovery. This Bill Will Unleash Real Growth Again Rate Topic: -----

#1 User is offline   Liz 

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  Posted 19 May 2017 - 01:35 PM

Dodd-Frank Has Crippled Our Economic Recovery. This Bill Will Unleash Real Growth Again.

The Daily Signal
Sondra Clark
May 18, 2017

Excerpt:

Have you noticed that free checking accounts are now nearly nonexistent, and locally owned stores are increasing the $5 minimum charge on debit cards?

These are not the result of some financial conspiracy. They are a direct result of Dodd-Frank regulations.

After the financial crash of 2008, President Barack Obama decided to increase the role of the federal government in the economy and impose massive new regulations on banks. As one might assume, this hasnít worked out so well.

Included in the over 3,500-page Dodd-Frank bill are rules restricting access to credit for investors and homebuyers, raising lending costs for entrepreneurs, and making it harder for small businesses to get capital to start or grow.

Dodd-Frank also created the Consumer Finance Protection Bureau. This agency has carte blanche to create huge economic rules and regulations, and little accountability.

The bureau doesnít have to get spending or regulation approval from anyone in Congress, and the White House has no say over who the director is, and canít fire or put checks on the bureauís leaders.

Practically speaking, the president of the bureau has more autonomy and unregulated power to regulate than even the Treasury secretary or the IRS director.

In summary, Dodd-Frank has been cited by economists as the primary reason America has had a historically slow economic recovery since 2008.

Reform Is Urgently Needed

Enter the Financial CHOICE Act (or the Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs Act), which was introduced this April by House Financial Services Committee Chairman Jeb Hensarling, R-Texas.

*snip*

Full Article
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#2 User is offline   east dallasite 

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Posted 19 May 2017 - 03:13 PM

Hurray, my congressman is finally a hero...
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#3 User is offline   Ticked@TinselTown 

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Posted 19 May 2017 - 03:54 PM

The namesakes of this travesty should both be in prison.
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#4 User is offline   cobalt-blue 

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Posted 19 May 2017 - 05:02 PM

View PostTicked@TinselTown, on 19 May 2017 - 03:54 PM, said:

The namesakes of this travesty should both be in prison.

No, they should have their heads cut off and and put on a pike outside of Congress and left there for the next ten generations that some levels of corruption will not be tolerated....(Name that paraphrase of if you can.)

This post has been edited by cobalt-blue: 19 May 2017 - 05:02 PM

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#5 User is offline   gravelrash 

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Posted 19 May 2017 - 06:46 PM

View Postcobalt-blue, on 19 May 2017 - 05:02 PM, said:

No, they should have their heads cut off and and put on a pike outside of Congress and left there for the next ten generations that some levels of corruption will not be tolerated....(Name that paraphrase of if you can.)


I know it but too many dacquiris in. Not going to cheat using a search or Wiki.

But that sounds very Conan the Barbarian. If not Vlad Tepes or Ghengis himself.
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