Conversation

Notices

1. Embed this notice
   Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:45 JST Sean Casten

   A quick thread on Trump's Project 2025 thing that's been on my mind. It's not just Trump's agenda. It's the agenda of the entire GOP. A small deep dive:

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:42 JST Sean Casten

     in reply to

     9. I could go on, and virtually everything in this thread has a bill, a hearing or at least a moment in a hearing where some member of the House GOP made these arguments, more or less verbatim. https://mastodon.social/@SeanCasten/113183355356384473

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:43 JST Sean Casten

     in reply to

     6. However, they have separately introduced a bill to legislatively defund the agency even as the courts decided not to. Again, virtually verbatim lifting from P2025. https://congress.gov/bill/118th-congress/house-bill/1382

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:43 JST Sean Casten

     in reply to

     7. P2025 would like to limit / eliminate the Federal Reserve's ability to act as a lender of last resort (e.g., when the economy is crashing, they don't want the Fed to be able to provide stability.) Insanely stupid idea.

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:43 JST Sean Casten

     in reply to

     8. Sure enough, the House GOP had a whole hearing on this exact topic, bringing in so-called "experts" to help make the case. https://www.congress.gov/event/118th-congress/house-event/116860

     Tim Chambers repeated this.
   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:44 JST Sean Casten

     in reply to

     3. Well, they've introduced a bill to do exactly that this term. https://www.congress.gov/bill/118th-congress/house-bill/2937

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:44 JST Sean Casten

     in reply to

     4. P2025 also suggests that the CFPB is unconstitutional based on a bogus* theory that unless your funds are Congressionally appropriated you can't exist.

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:44 JST Sean Casten

     in reply to

     5. Well, a bunch of senior members of the GOP sent an amicus brief to the Supreme Court making exactly that point.

     * SCOTUS ruled against them, acknowledging this was a bogus theory.
     https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408900

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:45 JST Sean Casten

     in reply to

     1. I want to focus very narrowly on the Financial regulation section because I've served on the committee of jurisdiction for 6 years. So much of the P2025 plan has already been introduced by House GOP members. It's what they'd do if they controlled all 3 branches.

   • Embed this notice
     Sean Casten (seancasten@mastodon.social)'s status on Wednesday, 16-Oct-2024 09:19:45 JST Sean Casten

     in reply to

     2. For example, P2025 says we should eliminate the Consumer Financial Protection Board (you know, so that businesses can abuse consumers more easily.)