arbitration by the consumer final protection bureau or cfpb was created back in 2008. the bureau was charged with looking at these clauses in response to debt collectors like payday lenders and the student loan companies. set to go into effect. but congress used its 60-day window of congressional review and nixed it last night. this rule and the cfpb itself were put in place by the dodd/frank act. a response to 2008 crisis. and many say that the recession is what precipitated by the gutting of the glass/steagall act. a response to the great depression. i mean, if you think about this for a moment, yes, republicans are going to say to you, well, this is going to protect small and mid-sized banks from all
the weekly standard. they voted in 2015 to repeal obamacare. the senate passed it 52-47, with a do it again? no, apparently there are some who are not willing to do that. whether it s because there s a chance it could actually pass, i think it s a very difficult road to hold. i think senator langford is talking about, let s get them ready together and sort of hammer out some kind of compromise. that s a lot of voters thought republicans had been doing for the past seven or eight years, ever since obamacare was passed. i think that is where you re seeing a lot of frustration over this, why haven t the republicans in congress been able to get their act together on this? the other element of this is because it s so important, where has the president been on this? the president is not been as
okay. ed, what the republicans put in place was the first part of this. the senate has to do theirs. but you have other pieces of legislation. true. that are going to be introduced. true. the president has introduced a budget. what you have from the republican leadership is the beginning of the framework, the beginning of a conversation. that s where we disagree. wait a minute. you may disagree with our framework, ed, and that s your prerogative. this is how we see this thing getting played out. all right. mr. steele. yes, sir. john boehner and the leadership in the house. yep. they want the senate to pass this bill. of course. that they pass. this is not a start. this is where the republicans are, sir. but this is just as the president wanted the house republicans to go along with this health care bill. that was his bill. he didn t get the vote. we re getting a little bit in denial here. and the senate is not going to give john boehner the vote on
these two middle classers who used to be republicans and are now saying that the party has left them? what do you say to them? i think you ve got to do a couple things here. one you ve got to separate the national party from what an individual governor does in his or her state. garrett lamp can you do that? that is not necessarily representative of what bob mcdonald is doing in virginia or what haley barbour is doing in mississippi. it s going to be difficult. without a doubt what is going on in florida had a huge impact on my decision because what is going none the state, you know, it s almost like they re just on a feeding frenzy after the public employee. and the middle class and the guy that swings a hammer on the week days and guys that are just working hard trying to make it through every friday to get that paycheck. the next point i want to bring up is shared sacrifice. the president has talked about that. the democrats have asked for shared sacrifice. mr. weinman, how
americans are still asking the same simple, persistent question. mr. president, where are the jobs? where are the jobs? where are the jobs? where are the jobs? americans are asking, where s the pivot? more importantly, where are the jobs? now, these are facts. in the three months that the republicans have had the majority in the house, they have voted to cut the environmental protection agency, fema, npr, pell grants. why haven t they passed anything to create jobs? well, because that s not the job of the federal government is to create jobs. the job of the federal government is to create the stimulus within the system to allow the entrepreneurs, small and large businesses and medium business owners out there to go out and do that very thing. but as you well know businesses aren t investing in the economy that way right now because there s still too much uncertainty. you ve got this whole question on the debt that still has to be resolved during the next couple of weeks. yo