The sad part of this is that republicans and conservatives would support common-sense oversite of these businesses. That’s why the democrats instead put together this fatally flawed organization that has no accountability and no method for congress to control appropriations — so the Republicans would have no choice but to oppose it.
The democrats don’t care if it works, just that they can look like the saviors of the little people while republicans look like the defenders of the greedy.
This is in part because republicans are so bad at messaging, and in part because I’m sure there is a part of the conservative movement that DOES think any regulation like this is uncalled for, and therefore would bitterly oppose the common-sense passage of legislation that could deal more reasonably with the issue. When you refuse to compromise in any way, shape, or form, your opponent gets blame, credit, and full control over what happens, and if there is something to be gained from it, you might lose the fight, the war, and the hearts of the people.
Anyway, it will be interesting to see if republicans can make the reasonable arguments that this agency is unconstitutional, that congressional oversight is a NECESARY component of good government and good regulation, and that regardless, the president can’t simply act like a king even in the pursuit of “good” — since every king thinks they are acting for good, at least at first.
"This is in part because republicans are so bad at messaging, and in part because I’m sure there is a part of the conservative movement that DOES think any regulation like this is uncalled for, and therefore would bitterly oppose the common-sense passage of legislation that could deal more reasonably with the issue. When you refuse to compromise in any way, shape, or form..."
I completely agree with your point about messaging, but as to your second point, what do you want them to "compromise" on? Bush argued for years- 17 times in 2008 alone- that the GSE's had massive risks that would decimate the economy... and the Dems in Congress refused to compromise and do anything about it.