Kirsters Baish| Democratic California Representative Maxine Waters rudely cut off Consumer Financial Protection Bureau director Mick Mulvaney in the middle of a hearing. This came after Mulvaney totally schooled her on the separation of powers, and she was clearly embarrassed by her lack of knowledge when it came to the subject.
Waters first asked Mulvaney why anyone should even trust him to be the head of the CFPB. She then persisted that she along with all of her fellow legislators were the ones who were responsible for pushing the Dodd-Frank financial regulations through.
Mulvaney answered her, “With respect, Congresswoman, I would say that I am the one responsible for implementing Dodd-Frank, not you. You were responsible for passing legislation and then the executive branch implements it.”
“I have not burnt the place down,” Mulvaney went on. “Despite what you may have heard about what I was going to do when I got in there — I think that we have ten fewer people working there now than the day I took over, and that’s out of 1627 people. We continue—”
“I’m reclaiming my time,” Waters pushed. She was clearly embarrassed by the exchange.
— RNC Research (@RNCResearch) April 11, 2018
Democrats are always getting mad when Republicans point out the truth when Democrats have been bending it. Waters always seems to blame everyone else around her for her problems and takes credit when credit definitely isn’t due, which is just what happened in this case.
Democrats have been resisting all GOP efforts to make changes to the CFPB. These same Democrats tore apart Mulvaney because he tried to stop the aggressive enforcement that they were known for.
The Hill reported:
“Mr. Mulvaney is not the acting director of the Consumer Financial Protection Bureau,” said Rep. Maxine Waters (Calif.), the committee’s ranking Democrat. “He was illegally appointed by President Trump.”
Even so, Waters said that Democrats needed to press Mulvaney on the “impactful and indeed harmful decisions” he has made in his nearly five months leading the agency.
Trump appointed Mulvaney as acting CFPB chief in November following the resignation of Richard Cordray (D), the bureau’s first director. Cordray had sought to choose his temporary heir by elevating Leandra English, then his chief of staff, to the deputy director position.
In November, a federal judge made a ruling which stated that President Trump’s appointment of Mulvaney superseded English’s claim to have the job as the deputy chief of CFPB.