Well, you don’t see this every day… thank goodness. Remember how Democratic Socialist Rep. Alexandria Ocasio-Cortez (D-NY) could not even afford an apartment in DC? The Dems have decided that makes her more than qualified to join the committee leading the House’s oversight of US banks, lenders and financial markets. Here’s a tip… putting a socialist in control of our nation’s finances is a very bad idea. In fact, it’s patently insane.
Democratic leaders recommended the math-challenged freshman for the spot on the House Financial Services Committee, according to a Democratic source who blabbed it to The Hill. The full roster should be released soon. Just shaking my head.
From The Hill:
“Ocasio-Cortez told Hill.TV in November that she has expressed interest in the Financial Services panel to the Democratic Steering and Policy Committee, which doles out seats on House committees. Politico reported last week that Ocasio-Cortez was “poised to win” a spot on the Financial Services panel.
“Rep. Maxine Waters (D-Calif.), chairwoman of the House Financial Services Committee, has pledged to fight against the Trump administration’s rollbacks of post-financial crisis bank rules. The assignment will give the influential Democratic freshman a powerful perch to push her party toward the left on critical financial issues.
“While New Yorkers often land seats on the Financial Services panel, those who do are often more sympathetic to Wall Street. But Ocasio-Cortez, who identifies as a democratic socialist, often touts her refusal to accept corporate donations and criticizes colleagues with close ties to the financial sector.
“Ocasio-Cortez spoke out against a GOP proposal to dismantle the 2010 Dodd-Frank Wall Street reform law in 2017 and supports reimposing a 1930s separation of investment and consumer banking. She’s also advocated for a drastic expansion of federal housing aid, a top priority for Waters.”
Wow, this woman has no clue about finances and she embraces corruption wholeheartedly. That’s just stunning.
And if that’s not bad enough… that particular committee is led by corruptocrat Maxine Waters, who has vowed to go after Wall Street. All socialists vow that by the way.
Ocasio-Cortez confirmed her appointment on Tuesday night on Twitter by stating: “Financial Services is one of just four exclusive committees in the House. It oversees big banks, lending, & the financial sector.”
“I am very grateful for the opportunity to sit on this committee as a freshman, and look forward to working under the leadership of @RepMaxineWaters!” she added. Oh, I bet she does.
Financial Services is one of just four exclusive committees in the House. It oversees big banks, lending, & the financial sector.
— Alexandria Ocasio-Cortez (@AOC) January 16, 2019
Just in case you thought this was normal in DC, first-year members of Congress are rarely given places on high-ranking committees like this one. But she’s a rising socialist star, so the Dems are making room for her.
From Business Insider:
“The Financial Services Committee has formal responsibility to oversee the Federal Reserve and the Securities and Exchange Commission. It has regular opportunities to interrogate top US financial officials.
“It is where the biggest reforms to US finance in over a century were put together, and it is virtually impossible to pass new bills about Wall Street without their input.
“It is one of the key committees that gives banks their freedom, or reins them in.”
Imagine a socialist grilling the CEO of Goldman Sachs. It’s coming. Ocasio-Cortez said on Tuesday night: “Personally, I’m looking forward to digging into the student loan crisis, examining for-profit prisons/ICE detention, and exploring the development of public & postal banking. To start.”
I’d laugh but she has enough power now to do real, lasting damage. Thank our lucky stars she was left off the House Ways and Means Committee, which oversees many parts of US economic policy including spending, taxes, and revenue.
Again, she’s a nightmare come to life. Congratulations America.