Topics: CFPB

Elizabeth Warren: CFPB opponents 'wanted to suffocate the baby in the crib'

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Politics,Beltway Confidential,Ashe Schow,CFPB,Elizabeth Warren

Sen. Elizabeth Warren, D-Mass., champion of the Consumer Financial Protection Bureau, claimed that opponents of the unaccountable board of bureaucrats "wanted to suffocate the baby in the crib." So much for bipartisanship and moderation.

"Every day, Wall Street lobbyists plotted against the agency, with congressional Republicans, to kill the consumer agency before it could do its work," Warren said at an event on Capitol Hill hosted by the Corporation for Enterprise Development. "They wanted to destroy its independence and cut off its funding."

Actually, Republicans opposed the CFPB because being an entity under the Federal Reserve Board, it is exempt from congressional budget authority and oversight, thus giving new meaning to the concept of "independent" agencies in Washington.

Warren's outlandish comments came just a day after Health and Human Services Secretary Kathleen Sebelius claimed that Obamacare opponents are like Civil Rights Act opponents in the 1960s.

"The same arguments against change, the same fear and misinformation that opponents used [against the CRA] are the same ones opponents are spreading now," Sebelius said at the NAACP convention.

So now Obamacare critics are white-robed bigots because they don't want one of Sebelius's legions of faceless bureaucrats telling their doctor how to treat them?

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