Anyone who thinks congress is looking out for the people who elected them have rocks in their heads. Does the constitution matter anymore? Do they know what is actually in the bills they are passing? No. Here’s one fun example as detailed in the latest from Diana Furchtgott-Roth at Real Clear Markets. Buried in the so called financial regulations bill,
In addition to this bill’s well-publicized plans to establish over a dozen new financial regulatory offices, Section 342 sets up at least 20 Offices of Minority and Women Inclusion.
The Treasury, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the 12 Federal Reserve regional banks, the Board of Governors of the Fed, the National Credit Union Administration, the Comptroller of the Currency, the Securities and Exchange Commission, the new Consumer Financial Protection Bureau…all would get their own Office of Minority and Women Inclusion.
Glad to see we need new offices of minority/female supremacy. Looks like more budget bloat and handouts.
