Dems Must Dare the GOP to Delete CFPB

Time to revel in being in the opposition.

Global impact of 2008 Recession: 30 Million Jobs

Since the moment the party of insurrection won the governor's mansion in Virginia in 2021, my belief that selective fight is essential to be effective has only strengthened. This perspective gained momentum after the 2022 midterms and remains the cornerstone for countering the anticipated efforts by the Trump administration in 2025.

Listening to what the GOP says is almost futile because they rarely reveal their true intentions. To understand their motivations, you must analyze their actions. During Trump’s first term, and even under Biden’s administration, the GOP relentlessly targeted two government agencies:

1. The Internal Revenue Service (IRS)

2. The Consumer Financial Protection Bureau (CFPB)

They have done everything possible to undermine these agencies, primarily because the billionaires who fund the party despise them. When the IRS is effective, it makes the wealthy feel as though they are on equal footing with the common person. When the CFPB operates efficiently, it makes the wealthy feel that the common person has power over them.

We don't pay taxes. Only the little people pay taxes— Leona Helmsley

The Consumer Financial Protection Bureau (CFPB) was created in 2011 as a response to the hard lessons of the 2008 financial meltdown. A few greedy individuals on Wall Street took excessive risks to inflate their bonus packages, ultimately driving "too big to fail" businesses into a financial black hole.

The deregulation of the financial industry and the unwinding of guardrails imposed by earlier reforms did not spur innovation—it fueled corporate greed. As Lehman Brothers spiraled into collapse in 2008, the entire financial network began to crumble. One by one, institutions failed. People lost their jobs, companies declared bankruptcy, and the housing market collapsed. The unraveling of U.S. financial institutions threatened to drag the world into a deep recession.