Aimee Patton

A pleasantly eccentric take on politics

Dear Congressman Yoder,

I am writing in response to your As I See It article in the KC Star that was published on January 4th.

http://www.kansascity.com/opinion/readers-opinion/as-i-see-it/article5360631.html

For those that don’t remember – Congressman Yoder caused a shit storm when he added language to the 1,600 page spending bill to overturn the Dodd-Frank banking regulations all written by big banks.  

Before reading your article, Congressman Yoder, I’ll admit I strapped on my political goggles, because I had a feeling that I was going to take a few laps in the political bullshit pool and it turns out I wasn’t disappointed.  Just the headline alone gave it away – Scrapping costly banking regulation is a way to invest in America!

I’m sure when you were writing this article a huge American flag was waving behind you and a bald eagle flew back and forth over your head.  You probably did the first draft writing with a quill and ink well dressed in American Revolution garb.

Here’s my favorite paragraph….

Yet, we know Washington regulations don’t create jobs. If we truly want to expand the earning power of American workers, we must encourage investment to grow our economy. That starts with protecting us from the central planners in Washington who continue to stifle lending.

Damn you Washington and your regulations!  Thank God we have Kevin Yoder to save the day.

 

I’m amazed I wrote that without gagging.  Here is the one word missing from that last sentence – risky.  Dodd-Frank stifled risky lending and as a tax payer in your state of Kansas I can honestly say I didn’t mind that one bit.  In fact, as a tax payer, like all Americans who ended up bailing out the banks when things got bad, those regulations protected my tax dollars from having to potentially do it again. Now, because of politicians like you, my tax dollars are at risk once again.

 

No, you are correct regulations don’t create jobs, but they do protect jobs.  Think of all the jobs that would have been lost if the government didn’t step in and the banks were allowed to fail?  Think about all the jobs that would have been lost if we didn’t bail out the auto industry?  Government seems to be all bad until we need them to save the day, but then when we ask for regulations to prevent further disaster suddenly it’s all bad.

 

I invest in America every day.  I shop at small mom and pop shops.  I get my coffee at the local coffee shop.  I shop at the local stores.  I get my car fixed at the local mechanic.  That’s how you “invest in America” not by letting big banks write your legislation.

 

You went on to say,

Contrary to the myth that this amendment was stuffed into the spending bill at the last minute, this was perhaps the most bipartisan and thoroughly debated change to Dodd-Frank to date.

 

You are correct.  It passed the House with some bipartisan support knowing it wouldn’t pass the Senate.  Then you went on and stuffed it into the 1,600 page budget bill without further debate, without a new vote.  The other thing this tactic had was bipartisan OUTRAGE when you did this.

 

Senator David Vitter, Republican of Louisiana, one of the Senate’s most conservative lawmakers, teamed with Senator Sherrod Brown, Democrat of Ohio, one of its most liberal ones, to demand the provision’s removal.

“If Wall Street banks want to gamble, Congress should force them to pay for their losses and not put the taxpayers on the hook for another bailout,” the two wrote on Thursday to House and Senate leaders.

http://www.nytimes.com/2014/12/12/business/furor-over-move-to-aid-big-banks-in-funding-bill.html

I guess time will tell if this is really good for America.  If the gamble doesn’t pay off, one thing is we all know who we have to blame.

 

Yours for investing in America,

Aimee

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6 thoughts on “My response to Kevin Yoder’s As I See It article in the KC Star

  1. Joel Waldman says:

    Excellent! I wonder how the banks will respond? >

  2. Michael Box says:

    Aimee for Congress?

  3. Condi says:

    Remember, Yoder is the same jackass that refused to take a breathalyzer after being stopped for speeding (80 in a 70) while campaigning in 2009; the same jerk who ran a campaign ad in 2010 that showed himself and his his wife with three children walking around a farm, the presumption being the kids belonged to him when in fact the Yoder’s are childless; and –in his most revealing moment– the little pervert went skinny-dipping with a junket of GOP congress critters in the Sea of Galilee, the only member of that bunch with –apparently– the big brass balls to do so.

    That he also turns out to be a bought and paid for groupie of Big Banking should not come as a surprise.

    The surprise is that Kansans keep electing him.

    1. Condi says:

      Wait; apparently Big Banking blessed them with a child in late 2013. He must have been taking understandable liberties, knowing the future as he does, back in 2010….

    2. themadkansan says:

      Well, the purported ‘Kansans’ that keep electing him are the Beacon Hill set in Overland Park, Shawnee Mission, Leawood, etc. You know, the ‘owners’. So, knowing that, nothing Yoder does really surprises me – he’s just another useful idiot for the investor class, and he’s quite happy to be such since it greatly benefits him personally.

      Being a raging atheist socialist in Kansas sucks… ~:(

  4. David Murphy says:

    Are all banks and everyone who owns them and all employees of banks evil? Do you think the banks should all just shutter their doors and everyone should just go with the mattress storage approach and pay cash for everything? Is that your desired end-game? So, let me get this straight.. the entire collapse of the economy in 2008 was the fault of conservatives and republicans and the Tea Party? A lot of what I read on here sure sounds like that’s what you are saying. Why so hateful and bitter? That’s no way to go through life, is it? Life is short. Why should we all be victims demanding something… what happened to smiling at the sunrise.. positivity… pulling yourself up from the… you know the rest…??

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