The Congress is going to try and screw us by way of Big Banks… but at least we have Elizabeth Warren.
Her concern was that major banks, like Citigroup, and major Wall Street players are trying to “knife” her agency in the back… and that includes support from our Representative here in WV’s District 2, Shelley Moore Capito (R), who is chair of the Financial Institutions and Consumer Credit Subcommittee.
Warren is a very smart and intelligent woman with an agency that has very little actual power… therefore, her major strength lies in making people aware of the financial situation which has kept the middle class in financial slavery.
Warren said that the bank lobbyists and their supporters in Congress won’t be able to “knife the agency in the back alley” if they “actually believe people will pay attention, if they believe people care about this.”
To which Jon Stewart replied:
“or if they still have the capacity to feel shame — you begin to wonder at times.”
There is going to be a vote in the House Financial Services Committee next week which will delay the opening of Warren’s Agency, or, at the very least, will weaken its activities. A great many people got into the fight in public last year to set up the agency Warren will head. This year, however, the attacks against this agency are happening in secret.
Warren brought up one of her major interests, the devastating agreements that banks attach to consumer credit cards:
“There was a survey last year. Ninety-six percent of Americans said — I want to get rid of the fine print in credit card agreements and mortgages. I think it is there just to cheat me, to hide things from me. Ninety-one percent felt strongly about it. When that is the case, that’s not Democrats, that’s not Republicans, that’s not Libertarians. This is not partisan. It’s basic and sensible. This game is about trying to push the sensible part right back in the middle and say that’s what we have a responsibility to do.”
“This consumer agency is a tangible, very concrete down payment on the notion that together we can build something that is fairer, and give middle class families a chance to survive, maybe even prosper.”
– Elizabeth Warren
Even if you saw Warren on the Daily Show Tuesday night, this is one of those interviews where Stewart kept it going past the show’s end. You can see the whole interview at http://www.thedailyshow.com/full-episodes/tue-april-26-2011-elizabeth-warren . Thanks to Morgan County USA for the basic information on Capito.
- Warren defends consumer bureau on ‘Daily Show’ (money.cnn.com)
- Elizabeth Warren Talks With Jon Stewart -the Consumer Financial Protection Bureau that Congress and the Judicial System are Trying to Kill-One Nail in the Coffin Today From the Supreme Court Ruling (ducknetweb.blogspot.com)
- The GOP’s Pathetic Attack on Elizabeth Warren (alternet.org)
- Geithner: Warren still a candidate for CFPB head post (dailykos.com)
- GOP’s war on the rest of us: The consumer protection front (dailykos.com)
- Warren Shoots to Top of Short List for CFPB Job (news.firedoglake.com)
- House Grills Elizabeth Warren in Hearing over Consumer Financial Protection Bureau (legallyeasy.rocketlawyer.com)
- We are losing Our Class” The Republican Class Wars (eleftheria64.wordpress.com)
U. S. House Republicans Pass Budget Hurting Seniors
Capito Votes with Party, Abandoning WV Seniors
She has it upside down!
The cuts would radically change Medicare by turning it into a voucher program. These cuts would reopen the prescription drug “Donut Hole” forcing seniors to pay more for their medicines.
“It is outrageous for Capito to vote for these radical cuts,” said West Virginia Democratic Party Chairman Larry Puccio. “These cuts to our seniors will cause great hardship in West Virginia. These cuts will mean thousands of dollars to our seniors – forcing many to choose between health care and food. Shelley Moore Capito needs to stand up for West Virginians instead of the House Republican leaders’ radical agenda. I commend Democratic Congressman Nick Rahall for speaking out against this bill.”
Here’s what Capito did to screw her Senior constituents like ME:
End Medicare As We Know It. “The plan would essentially end Medicare, which now pays most of the health-care bills for 48 million elderly and disabled Americans, as a program that directly pays those bills.” [Wall Street Journal, 4/4/11]
Republican Plan Brings Back “Donut Hole” Coverage Gap for Prescription Drugs. (this is extremely important to me as a Senior who takes 1 different pills a day and two different insulin shots) Ryan’s plan brings back the coverage “gap in Medicare prescription drug” benefit. [Associated Press, 4/06/11]
Congressional Budget Office: GOP Budget Raises Health Costs for Retirees. “Most future retirees would pay more for health care under a new House Republican budget proposal, according to an analysis by nonpartisan experts for Congress that could be an obstacle to GOP ambitions to tame federal deficits. […] The budget office gave two reasons future retirees can expect to pay more. First, private plans would cost more than traditional Medicare because of such factors as higher administrative costs. Second, the federal contribution would grow more slowly than health care cost inflation, leaving a bigger gap for beneficiaries to pay.” [AP, 4/6/11]
AARP: Budget Undermines Vital Programs for Older Americans. “Among its provisions, the proposal would drive up costs for people in Medicare, take away needed coverage for long-term care from millions of older and disabled Americans and reduce critical help for seniors facing the threat of hunger.” [AARP press release, 4/7/11]
GOP Budget Would Almost Double Healthcare Costs For Seniors. “The Republican congressman’s proposal to privatize Medicare would mean a dramatic hike in U.S. healthcare costs for the elderly, an independent analysis finds. Seniors would pay almost double — more than $12,510 a year.” [LA Times, 4/7/11]
And Capito keeps sending me e-mail about all the great things she is doing for West Virginians! Whenever I send her e-mails about the things I’d like her to support, she follows the Tea Party Line instead. All it means is I’ll work twice as hard to get her out of office… if it means using this blog and my radio show weekly on WSHC.
- Capito Will Not Run for Senate (politicalwire.com)
- Republicans continue assault on consumer protection (americablog.com)
- Ryan budget plan passes House; only 4 GOP reps vote no (firstread.msnbc.msn.com)
I started today listening to a panel of extreme right wingers and Libertarians point out everything wrong with the Health Care Bill (and Medicare, and Medicaid, and even a smattering of Social Security.) Then I watched a Democratic hearing on Health Care with citizens who have gained advantage from the Bill.
Let me say that at no time was there a mix of Democrats and Republicans actually debating real issues on modifying the existing law to solve the righties problems, but keeping the legislation intact to solve the lefties problems. The only mix is through people like me, who watch C-Span (and can all afternoon because I am retired and am in one or more of the Health Constituencies they are discussing: Senior citizen, pre-existing condition, limited income. ) Right now I have to deal with no fewer than 4 doctors on a regular basis and have pharmaceutical needs including 10 different pills and 4 injections a day. So, you see, I am interested.
Republicans are going to try to pass a law in the House which has no chance in the Senate… and even if it did, it would be vetoed by the President. They do not have enough votes to override a veto. So they will waste two days of our time where they will not be establishing job-creation programs, nor will they improve the health laws where it is possible without destroying the program.
I’ve been signing petitions (my Congresswoman, Shelley Moore Capito, will campaign and vote for repeal so she doesn’t represent me in any sense of the word. I have written her before, too, receiving lovely form letters, written by her staff, decorated with her picture, and signed with a rubber stamp. Once again I will look forward to supporting whoever challenges this useless woman in 2012.
- HEALTH CARE:Repealing Progress (ynative77.wordpress.com)
- Fix it – Health care (nowpublic.com)
- GOP advancing health care repeal without its friends (washingtonmonthly.com)
- Bill Frist: Health Care Is ‘Law Of The Land,’ GOP Should Drop Repeal And Build On It (huffingtonpost.com)
- House kicks off debate over health-care repeal – Washington Post (news.google.com)
- Democrats Make a Case for the Health Care Law (thecaucus.blogs.nytimes.com)
- Health care lobby mum on repeal (politico.com)