How will Joe Biden GOVERN? General Biden Administration F**kery Thread

acri1

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Is it just me or are Republicans hella :flabbynsick: right now?

The void left by Trump is noticeable. The whole party and right wing media seems hella discombobulated and incoherent. Cornyn tweeting about Hunter, Mitch attacking the Qanon caucus, the sensible Republicans bringing a ass-halted relief bill to the table, Hawley scared to show his face, McCarthy emasculated...

Meanwhile Biden is moving like a machine. When this relief bill passes his approval rating might hit 60+.

I don't know...we can hope but people felt the same way about Obama in 2008, then the Tea Party nonsense blew up and 2010 hit :francis:
 

the next guy

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Don’t underestimate what those two GA seats did to the Republicans. Moscow Mitch still seems stunned and bitter about it. They went from the driver’s seat to the back seat thanks to y’all bamas.
Is it just me or are Republicans hella :flabbynsick: right now?

The void left by Trump is noticeable. The whole party and right wing media seems hella discombobulated and incoherent. Cornyn tweeting about Hunter, Mitch attacking the Qanon caucus, the sensible Republicans bringing a ass-halted relief bill to the table, Hawley scared to show his face, McCarthy emasculated...

Meanwhile Biden is moving like a machine. When this relief bill passes his approval rating might hit 60+.

Leadership matters. Trump had a vision and a mission. They haven't had that charisma since Nixon and that leadership since Reagan and Gingrich. Without the famous and popular leader, their agenda is unworkable and unlikable. Nobody wants more tax cuts for stupid corporations and the abortion debate is just about done now.
 

Ku$h Parker

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I don't know...we can hope but people felt the same way about Obama in 2008, then the Tea Party nonsense blew up and 2010 hit :francis:

But keep in mind,the R Voters feel like The Establishment Rs "Shivved" Donald Trump and they are already warming up to do the same to The Q Team so I somewhat suscribe to the Theory that the GOP will Split up

Whigs
 

Blackfyre

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Mike Memoli
@mikememoli
Feb 3, 2021
“If it’s $1.9 trillion so be it,” @Sen_JoeManchin says of the rescue plan, while also stressing he wants it to be bipartisan
Mike Memoli
@mikememoli
Manchin says on Morning Joe that Biden told him, we can’t do what we did in 2009 and negotiate for 9 months only to have Republicans still not vote for package in the end
8:45 AM · Feb 3, 2021
 

ZoeGod

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Biden gets it. He is only speaking unity and saying the right things to make it look like he is trying to reach out but he isn't stupid. Im glad he learned this lesson under 8 years with Obama. I was a bit worried he was naive to reach out to the Rethuglicans but it was all talk.
 

Ku$h Parker

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Biden gets it. He is only speaking unity and saying the right things to make it look like he is trying to reach out but he isn't stupid. Im glad he learned this lesson under 8 years with Obama. I was a bit worried he was naive to reach out to the Rethuglicans but it was all talk.

Ronald Klain said "BiPartisanship" is mainly listening to The People and not the ol "Reach across The Aisle" ish
 

☑︎#VoteDemocrat

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businessinsider.com
Biden's bolstered Consumer Financial Protection Bureau takes shape, here's what banks can expect
Gregory Magana
5-6 minutes
  • Financial regulators are preparing to jump into action under Biden.
  • The president's team is already laying out plans to bolster the role of regulators in the finance industry.
  • Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here.
Prospective changes to the financial regulatory environment under the new administration are coming into focus alongside President Joe Biden's nominees for head regulatory positions, The Wall Street Journal reports.




Biden will likely take action regarding overdraft fees and consumer financial data sharing in the future.
Insider Intelligence
Rohit Chopra, who currently serves on the Federal Trade Commission, has been nominated to head the Consumer Financial Protection Bureau (CFPB), and former Treasury Department official Michael Barr is reportedly the top candidate to lead the Office of the Comptroller of the Currency.

The Biden team already appears likely to enact several key changes:

  • Stiffer enforcement of financial regulations. Chopra would likely ramp up enforcement actions at the CFPB, specifically by focusing on increasing monetary penalties and cracking down on repeat offenders, per the Journal. This change would necessitate that banks dedicate more resources to compliance measures, as penalties for violations would increase across the board, and especially for those who struggle repeatedly to meet regulatory standards.
  • A push to establish a government-backed credit firm. An official told the Journal that Biden's team plans to create a government-backed alternative to companies like Experian and Equifax that generate consumer credit reports. A government credit bureau that aims to provide fair and holistic credit scores could put a dent in alternative lenders like Petal or LendingClub whose businesses are centered on examining more data points to widen the pool of applicants who can get a loan.
  • A much tougher environment for payday lenders. Chopra may also revisit a provision requiring payday lenders to verify the incomes of borrowers to ensure they can pay back high-interest short-term loans. The CFPB, alongside other regulatory bodies, already issued a statement in May encouraging financial institutions to provide consumers with small-dollar lending options to lessen reliance on predatory payday lenders, and several banks, including Varo and Bank of America, have complied. These competing offerings, combined with tougher regulation, could drive customers to banks' short-term loan services, endangering payday lenders' business model.
These expected changes are in line with our prediction that Biden's win in the November election would result in new leadership and bolder oversight from the CFPB. Insider Intelligence predicted that former President Trump's pick to head the bureau, Kathy Kraninger, would resign or be replaced with a director whose vision includes greater regulatory oversight of financial institutions.

The moves that the CFPB already seems prepared to make suggest that this heightened level of oversight will come to fruition quickly. What remains to be seen is whether the CFPB will also take action regarding overdraft fees and consumer financial data sharing, as we expect it will during the Biden administration.

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