Summary:
The Senate voted Thursday to strike down a rule capping most bank overdraft fees at $5, a measure adopted late last year by the Consumer Financial Protection Bureau that had been expected to save Americans billions of dollars per year.
Senator Josh Hawley, Republican of Missouri, was the lone Republican to oppose the resolution, which passed on a nearly party-line vote, 52-48. It will now move to the House, where Representative French Hill, the Arkansas Republican who leads the Financial Service Committee, introduced a parallel resolution last month.
The rule would have limited the fees banks and credit unions could charge when customers spend more than they have in their accounts, typically $35 per overdraft. The bureau estimated it would save American households $5 billion a year. It was immediately challenged in court by banking trade groups.
Personal opinon:
Call your bank and tell them to turn off overdraft protection now.
What is so depressing is how I keep seeing that Democrats’ approval numbers are so low. The reaction to the Republicans getting more and more awful with each passing year is to…dunk on the Democrats. I’m assuming part of that sentiment is because the Democrats have not been given enough power to stop the Republicans from doing terrible things and that they have not passed all kinds of impossible purity tests…
Recent actions taken by mainstream Dems:
Among the thirty fundraising texts a week I get, I got a text with the wrong name telling me that Medicaid was fried because we “begged democrats to save it” but just didn’t donate enough money :( I can just imagine Pelosi turning to face the other democrats, their faces turned up to her like a bunch of whipped orphans, and sadly telling them that Christmas is cancelled because the donors simply didn’t put enough quarters in her back.
Chuck Schumer had a perfect opportunity to take a stand and decided that being difficult with the fucking Nazis was just one line we can’t afford to cross just now. I guess Saturn’s in Pisces ATM, and, wouldn’t you know, the perfect conditions for taking a meaningful stand against the republicans have somehow failed to manifest for twenty years and counting. But don’t worry, we might have pushed the quit button for ourselves AGAIN, but if you donate a little bit more money, we’ll definitely get them next time.
At Trump’s shitty speech, they all sat and waved their stupid signs while the only one of them with a fucking spine got walked out by security. Later, Democrats wearing #RESIST shirts politely walked themselves out of the building during the speech. Then they censured the guy with the spine.
I expect Nazi bullshit from the fucking Nazis. I expect the democrats to fucking show up and DO SOMETHING GOD DAMNIT.
Dem approvals are so f’n low, because not even the dems remotely represent the working class, as a party. Some individuals in the party try to, but that dissent is squashed by party leadership.
How do you explain this party line vote then? They are leagues better than the alternative. Dems platform inherently requires an informed and participatory electorate which we don’t have.
Ya’ll don’t seem to understand that “leagues better” can still mean that they’re complete trash. From US citizens I’ve spoken to you also, in general, have absolutely zero concept of being able to criticize the people you voted for. The Democrats are garbage and “informed and participatory” voters know this well. Also you talk about voting along party lines but Democrats will regularly have a couple people cross the line, just enough to make it look like they actually care but enough that he Republicans keep getting whatever they want.
I do not envy the States for having their best option being such center-right dogshit.
I describe it at best, a good start, at worst, a little too late.
It’s because the old guard Democrats only offer “we aren’t Trump I guess!” and spend half their time chastising their own voting base for not doing enough for them. While they were sitting there during Trump’s speech doing their little sign thing with only one of them being willing to get thrown out, they were asking for donations. People get tired of that.
I’ve spent my entire life watching the “minority” Republicans successfully squash, blockade, deflect, filibuster, or poison every single bill any Democrat has ever put forward to make anyone’s life better, while simultaneously presenting and passing their own bills that make everyone’s life worse in service of their own paycheck.
Now that the tables are turned and a similar sort of action is required of the Democrats to literally save the foundations of our democracy, they do nothing.
That’s why.
I’ve been a proud Democratic supporter and blue voter my entire life and I’ll continue to vote for them if I continue to not be offered better options. But I’m not happy about doing it anymore. I no longer trust the Democratic party to be a bastion against fascism and that’s just the long and short of it. The most basic showing of resistance against any of this bullshit probably would have locked in my vote for Democrats for the rest of my life, but they can’t even do that. We have Bernie Sanders and AOC doing the same things they’ve done their entire lives, and every other person is just sitting back in shock watching their office get looted and doing nothing about it.
I’m with ya, but TBH, the voters showing up could have helped a lot, too. Yes the likes of Schumer are infuriating but they were not really given much power - even it it would help if they would do even half of what the likes of McTurtle did in opposition. Sure, Kamala was not perfect, and her presidency would have had its share of problems, and likely would have been mostly “status quo”.
FFS, even if we could have kept the House and the Senate…
In any case, under Kamala, we would not be talking about people getting kidnapped/disappeared off the streets for disagreeing with Israel or having the wrong skin color…I sure hope the supposed “leftists” that proudly sat out and are still defiant about it even now, having learned nothing (and still telling Democrats that THEY have learned nothing, lol - JFC) are happy with themselves.
I’m sure that magical revolution they hope for from accelerationism will happen any fucking day now…things are going so swimmingly right now.
I watched a Jon Stewart interview with an interesting premise. The guy being interviewed made a point that Trump promises change immediately whereas Biden’s platform would have made the us and the world better over years, decades
You have a link? Or the name of the person interviewed?
Pretty sure it was Ezra Klein on the weekly show podcast with Jon Stewart. He went into detail about how even just distributing the funds for the broadband bill was just this Kafka-esque insane seven year process of infinite subcommittees and public review processes, and that was what Democrats wrote for themselves; it wasn’t made that way by Republicans to make it shitty, Dems happily blew their own feet off by making the bill’s workings as tortured and slow as possible.
Yes, that was it thanks
Certainly a big criticism of democrats has been they get nothing done but if you look at the legislation they really did get some far reaching improvements codified …… but then it takes years to implement so no one sees the results and the next president can cancel programs before anything is done.
One of the programs I was really frustrated by was building out EV chargers. Republicans had started complaining about nothing being done and the explanation was partly that it required states to figure out how to use it, but this could have been transformative for the EV transition. Now very little was done, the current president cancelled the program and started reneging on its commitments
Last summer I went on a 1,200 mile road trip in an EV and had no problems. But that was in the NorthEast where a lot of charging infrastructure has been built out. We really need to jump start this in a lot of the US where they don’t have the population for it to be immediately profitable. People need to think of it like highways, we don’t just build highways between cities where there’s enough population to make it worthwhile: we know that we’re all stronger with easier travel everywhere. Similarly, you should be able to refuel your vehicle everywhere you can travel with it