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(Heritage Foundation)   The Dodd Frank finance reform bill has given control of many duties once performed by the FTC to the new Consumer Financial Protection Bureau. This leaves 1,176 employees with $292 million to regulate appliance labels   (blog.heritage.org) divider line 30
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650 clicks; posted to Politics » on 19 Apr 2012 at 11:17 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-19 10:58:13 AM
Heritage is reduced to complaining about labels. Labels.
 
2012-04-19 11:06:08 AM
Hey, that's a crazy number!

However, the solution isn't "BURN DOWN THE GOVERNMENT", it's "Fix that problem".
 
2012-04-19 11:19:29 AM
Well if it isn't one of the worst articles ever written in the history of like written language
 
2012-04-19 11:19:54 AM
"The Dodd-Frank financial strangulation statute ..."

And I'm done. That was quick.
 
2012-04-19 11:19:57 AM
I didn't want to do this, but I'm afraid I'm gonna have to pull rank on you. I'm with the Mattress Police. There are no tags on these mattresses.
 
2012-04-19 11:22:40 AM
What dick tried to hide a Heritage Foundation link behind Some Guy?
 
2012-04-19 11:22:55 AM
I take it they want consumers to be used, abused, and discarded?
 
2012-04-19 11:24:24 AM

Lunaville: "The Dodd-Frank financial strangulation statute ..."

And I'm done. That was quick.


Well, of course they hate that bill with the fiery contempt of a thousand suns: Dodd-Frank allowed the shareholders at CitiGroup to let the Board of Directors know publicly they opposed the proposed executive pay package.
 
2012-04-19 11:27:21 AM

kingoomieiii: Hey, that's a crazy number!

However, the solution isn't "BURN DOWN THE GOVERNMENT", it's "Fix that problem".


I think you are lost. This is the politics tab. All problems have only one of two possible solutions: Cut taxes to zero and abolish the federal government, or raise taxes to 100% and go full-blown commie, with the government owning and controlling everything. There is no gray, there is no middle. It's all or none. If you want rational discussion, I suggest you go... well... let me think. Not anywhere on the internet, that's for sure. You may need to leave the country entirely. I'll get back to you.
 
2012-04-19 11:31:10 AM

Angry Drunk Bureaucrat: Lunaville: "The Dodd-Frank financial strangulation statute ..."

And I'm done. That was quick.

Well, of course they hate that bill with the fiery contempt of a thousand suns: Dodd-Frank allowed the shareholders at CitiGroup to let the Board of Directors know publicly they opposed the proposed executive pay package.


Among other things.
 
2012-04-19 11:34:02 AM
This is why government constantly grows, but never actually does what it's supposed to do. We pay more for government, but get less.

We basically have several agencies that are all charged with doing the same task: not just the FTC and the CFBP, but the SEC, and the Consumer Products Safety Administration - and you have more specialized bureaus within each agency. What's wrong with that?

1.) You're duplicating overhead - instead of combining operations into something more efficient, every agency has its own overhead and expenses. That adds cost.

2.) There's no interagency coordination - each agency makes its own rules and doesn't coordinate with the other agencies. You end up with different agencies saying different things. Oh, and if you don't follow both, you can be penalized or sued. This adds an extreme amount of cost and risk.

3.) Each agency and sub-agency is its own fiefdom. It's damn near impossible to get rid of any of them. Is one agency doing a great job? It doesn't matter, because each agency has its own entrenched bureacracy and is highly resistant to change. In the end, whether you get good service or not depends on which agency you end up working with.

4.) The costs get passed down to consumers. Who pays for those labels? You do, through higher prices. Who pays when the FTC or the CFPB decides to fine the retailer because they used the wrong adhesive? You do.

5.) It makes it harder to go into business. Want to open an appliance store or start building appliances (and creating new jobs in the process)? You have to comply with all these rules - whether they're contradictory or not. And the enforcement process is ofter arbitrary and slipshod. Piss off someone and they file an FTC complaint over nothing? There's a near certainty that you've violated some regulation that can result in a fine.

6.) The costs of all this are hidden - we all pay, but we don't get to see the costs of extra regulation. And when these regulations fail, the solution isn't to get rid of them, it's always more regulation.

And instead of thinking about all this, what is the reaction from the peanut gallery?

Dusk-You-n-Me: Heritage is reduced to complaining about labels. Labels.


Jackson Herring: Well if it isn't one of the worst articles ever written in the history of like written language


Lunaville: "The Dodd-Frank financial strangulation statute ..."

And I'm done. That was quick.


Basically, ignore it, ignore it, and ignore it. The Heritage article isn't the best-written article in the world, but isn't it curious how quick so many are to just ignore the point being made? What does that tell you about their willingness to open their minds to new ideas?
 
2012-04-19 11:37:44 AM

WombatControl: Basically, ignore it, ignore it, and ignore it.


I didn't ignore it. I read it. Then I dismissed it.
 
2012-04-19 11:37:51 AM

WombatControl: but isn't it curious how quick so many are to just ignore the point being made?


Yes, what is the point being made behind The Dodd-Frank financial strangulation statute except derp?
 
2012-04-19 11:43:25 AM
The article is complaining that an agency is doing it's job, basically. Basically, they are changing the rule that allowed the EnergyGuide labels to be attached inside appliances by string to make it so they are now stickers, because they noticed that lots of the string attached ones came loose during handling (or were removed on purpose by the retailers). Very stupid article.
 
2012-04-19 12:06:06 PM

Dusk-You-n-Me: WombatControl: Basically, ignore it, ignore it, and ignore it.

I didn't ignore it. I read it. Then I dismissed it.


I ignored it. I loathe liars. I will not willingly be subjected to lies. Liars can kiss my a$$.
 
2012-04-19 12:15:37 PM

Lunaville: Dusk-You-n-Me: WombatControl: Basically, ignore it, ignore it, and ignore it.

I didn't ignore it. I read it. Then I dismissed it.

I ignored it. I loathe liars. I will not willingly be subjected to lies. Liars can kiss my a$$.


And exactly what part of the article quailfies as a "lie" to you?
 
2012-04-19 12:28:45 PM

mod3072: kingoomieiii: Hey, that's a crazy number!

However, the solution isn't "BURN DOWN THE GOVERNMENT", it's "Fix that problem".

I think you are lost. This is the politics tab. All problems have only one of two possible solutions: Cut taxes to zero and abolish the federal government, or raise taxes to 100% and go full-blown commie, with the government owning and controlling everything. There is no gray, there is no middle. It's all or none. If you want rational discussion, I suggest you go... well... let me think. Not anywhere on the internet, that's for sure. You may need to leave the country entirely. I'll get back to you.


I'm currently outside the US..... I'm sorry to report that it's not much better out here.... Another planet maybe??
 
2012-04-19 12:47:30 PM

WombatControl: Basically, ignore it, ignore it, and ignore it. The Heritage article isn't the best-written article in the world, but isn't it curious how quick so many are to just ignore the point being made? What does that tell you about their willingness to open their minds to new ideas?


What was the point of the article other than "REGULATION BAD!" There are plenty of necessary rules out there that when you look at them in isolation seem frivolous but serve a valid purpose. Setting a labelling standard eliminates the emergence of multiple label standards and lowers costs. Making manufacturers rather than retailers affix labels prevents fraud or negligence. It seems to me that there are perfectly valid reasons to have regulations about consumer product labeling and given that somewhere between 25% and 40% of consumer products are missing their labels (per the article) it seems this is an issue worth dealing with.
 
2012-04-19 01:03:23 PM

WombatControl: And exactly what part of the article quailfies as a "lie" to you?


What do you think the motivation is for the people working at this agency? You think they're just being dicks for the sake of being dicks? Do you have some conspiracy theory about how they are all communist agents or something? Your whole premise is that they are doing something bad and you imply that they are doing it for "bad" reasons, but the article just sidesteps what exactly that is.

After reading way too many articles like this and seeing how the current House operates, it seems to me that Republicans think liberals are just trying to stick it to Republicans, since they will go out of their way to fark over anything "liberal" at any chance they get. That is their only reference point.

The truth is that these businesses have totally abused their non regulated status and something needs to happen now. This is the lesser of two evils at the very least and is being done for a reason.
 
2012-04-19 01:09:37 PM

kingoomieiii: Hey, that's a crazy number!

However, the solution isn't "BURN DOWN THE GOVERNMENT", it's "Fix that problem".


Government doesn't fix the problem, they continue to grow. The correct solution should have been in the bill creating the new office and reducing the old. Government departments are never cut. It's the reason they will always spend the full budget even if not needed, so they can get more the next year.
 
2012-04-19 01:13:12 PM

Dusk-You-n-Me: WombatControl: Basically, ignore it, ignore it, and ignore it.

I didn't ignore it. I read it. Then I dismissed it.


So you believe there is no waste and duplicate function in government. You are basically a moron.
 
2012-04-19 01:19:24 PM
Just more proof that Liberals love to spend other peoples money.

Obama has spent 5 TRILLION in 3 1/2 years.

FAIL
 
2012-04-19 01:19:34 PM

WombatControl: We basically have several agencies that are all charged with doing the same task: not just the FTC and the CFBP, but the SEC, and the Consumer Products Safety Administration


Um, no.

The FTC's mission-

To prevent business practices that are anticompetitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.

...
Our Strategic Goals

Protect Consumers: Prevent fraud, deception, and unfair business practices in the marketplace.
Maintain Competition: Prevent anticompetitive mergers and other anticompetitive business practices in the marketplace.
Advance Performance: Advance the FTC's performance through organizational, individual, and management excellence.


The SEC -

The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

The CPSA -

The U.S. Consumer Product Safety Commission is charged with protecting the public from unreasonable risks of injury or death from thousands of types of consumer products under the agency's jurisdiction. The CPSC is committed to protecting consumers and families from products that pose a fire, electrical, chemical, or mechanical hazard or can injure children. The CPSC's work to ensure the safety of consumer products - such as toys, cribs, power tools, cigarette lighters, and household chemicals - contributed significantly to the 30 percent decline in the rate of deaths and injuries associated with consumer products over the past 30 years.



Oh, and the CFBP (COUNCIL FOR FAIR BUSINESS PRACTICES) isn't even a government entity.
 
2012-04-19 01:26:15 PM

MyRandomName: So you believe there is no waste and duplicate function in government. You are basically a moron.


I believe anyone who consistently starts their replies to someone else with "So you believe..." is, in fact, a moron.

How many times are we going to do this?
 
2012-04-19 01:37:07 PM
Government waste??

. . . (hypothetical) impact on global warming.

Ya lost me.
 
2012-04-19 01:58:10 PM
We will have the most awesome labels in the history of mankind. Future archaeologists will proclaim this the golden age of labeling.
 
2012-04-19 03:50:01 PM
Are you aware of how many lives are momentarily affected by labels, subby?

They are a vital component to social equality.

Without them, trillions of people would die while fatcat corporations rake in historic profits.
 
2012-04-19 03:50:21 PM
Dinki:

First, notice how similar all those agencies are in terms of their mission - and all you did was look at their "mission statements," which don't reflect what they actually do in the real world...

Oh, and the CFBP (COUNCIL FOR FAIR BUSINESS PRACTICES) isn't even a government entity.

My bad - I was referring to the Consumer Financial Protection Bureau (CFPB) and mistyped it as CFBP.
 
2012-04-19 04:22:49 PM
i2.photobucket.com

There are no tags on these mattresses...
 
2012-04-19 09:20:35 PM

MyRandomName: Dusk-You-n-Me: WombatControl: Basically, ignore it, ignore it, and ignore it.

I didn't ignore it. I read it. Then I dismissed it.

So you believe there is no waste and duplicate function in government. You are basically a moron.


If you believe that the Heritage foundation is being unbiased about a government agency that the republican party has stymied at every turn (including refusing to appoint a director), then it is you who are being moronic,
 
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