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Kali Akuno, Jackson Rising: What Will a Roy Moore Win Mean?
Conservatives Don't Want You To Be Protected From The Greed Of Big Corporations
John Gray in his article from 2004 or earlier, "A Day in the Life of Joe Republican", explains eloquently the attitude of conservatives towards protecting the people from the greed of big corporations.
That meme is still rolling along. Here are a couple of examples of Trump and Pence and the Republicans and the so-called conservatives saying, "hey, we don't need all these these liberal protections of people."
"Tucked away on page 464 of a more than 500-page bill that aims to overhaul the higher education and student loan system is a provision that would prevent states from regulating student loan servicers and roll back rules already on the books in some states to monitor those companies...
"What's at stake: Whether the firms have to answer to state regulators looking to enforce consumer protections.
"It comes as part of a controversial bill released earlier this month by the Republican-led House Education Workforce Committee to reauthorize the Higher Education Act, the statute governing higher education and student loans. And it has borrower advocates concerned."
The Higher Education Act basically is a preemption bill. The article says:
"Since 2015, states across the country have started creating their own consumer protection laws to regulate servicers, including requirements that the companies don't mislead borrowers and that the firms provide borrowers."
These are the companies that loan money to you or your kids to go to college.
"But once efforts to regulate servicers at the state level gained momentum, the companies began pushing back...
The state laws 'would be effectively null and void' if the House Republican bill becomes law, Rubenstein said. [David Rubenstein, a professor at Washburn University School of Law]"
Jillian Berman writes:
"That's an outcome the student loan industry would likely cheer....
"But consumer advocates say getting rid of these state laws could be a problem."
The state enforcement, of course, much closer to the consumers.
Quote: "It violates the essence of what made America a great country in its political system. Now it's just an oligarchy with unlimited political bribery being at the essence of getting the nominations for president or elected president. And the same thing applies to governors and U.S. senators and Congress members. So now we've just seen a complete subversion of our political system as a payoff to major contributors who want and expect and sometimes get favors for themselves after the election's over'." - President Jimmy Carter on unlimited money in politics on the Thom Hartmann Program, 28 July 2015.