Dems Appoint Socialist to Oversee the Banking Industry

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From the “What could go wrong” files, it was reported by The Hill on Wednesday that Democrats will give Rep. Alexandria Ocasio-Cortez (D-NY) her first committee spot, and it will be on the House Financial Services Committee, no less. Ocasio-Cortex, who has proven herself well capable of getting as much media attention as she wants, was reportedly gunning for a spot on the committee from her first day in Congress. She will serve under Rep. Maxine Waters (D-CA), who is the new chairwoman of the panel.

Ocasio-Cortez has a deft hand when it comes to churning up her Twitter followers and grabbing the spotlight away from the rest of Washington, but she has shown no particular knack for financial concerns. In fact, that’s understating the matter considerably. Since bursting onto the national scene, the young New Yorker has shown her ignorance on any variety of matters, not the least of which is the economy. To imagine her having any say over the financial rules and regulations of consumer banking is to imagine an America where our economy implodes. Knowing that Waters is in charge does little to comfort the soul.

In an interview with PBS last year, Ocasio-Cortez opined that “unemployment is low because everyone has two jobs.”

When asked about her plans to promise everyone a government job and expand Medicare to everyone in the country, she said: “People often say, how are you going to pay for it? And I find the question so puzzling because, how do you pay for something that’s more affordable? How do you pay for cheaper rent? How do you pay for—you just pay for it.”

We’re sure the titans of the banking industry will find it “puzzling,” indeed to sit and answer questions coming from this Bronx birdbrain.

“I am very grateful for the opportunity to sit on this committee as a freshman, and look forward to working under the leadership of @RepMaxineWaters!” Ocasio-Cortez tweeted. “Financial Services is one of just four exclusive committees in the House. It oversees big banks, lending, & the financial sector.”

She continued: “Personally, I’m looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking. To start.”

Delightful.

Without control of the Senate or the White House, Democrats will struggle to get any legislation/regulations passed on the banking industry that do not meet with the approval of Republicans. That’s a good thing, because we can only imagine what kind of proposals might emanate from the collective braintrust of Maxine Waters and Alexandria Ocasio-Cortez. Even so, these women rising to power shows us exactly how important it is that President Trump win re-election in 2020. At this point, he may be the only thing standing in the way of a very dark chapter in American history.