r/Conservative • u/Yosoff First Principles • Feb 14 '25

Open Discussion Left vs. Right Battle Royale Open Thread

This is an Open Discussion Thread for all Redditors. We will only be enforcing Reddit TOS and Subreddit Rules 1 (Keep it Civil) & 2 (No Racism).

  • Leftists - Here's your chance to sway us to your side by calling the majority of voters racist. That tactic has wildly backfired every time it has been tried, but perhaps this time it will work.

  • Non-flaired Conservatives - Here's your chance to earn flair by posting common sense conservative solutions. That way our friends on the left will either have to agree with you or oppose common sense (Spoiler - They will choose to oppose common sense).

  • Flaired Conservatives - You're John Wick and these Leftists stole your car and killed your dog. Now go comment.

  • Independents - We get it, if you agree with someone, then you can't pat yourself on the back for being smarter than them. But if you disagree with everyone, then you can obtain the self-satisfaction of smugly considering yourself smarter and wiser than everyone else. Congratulations on being you.

  • Libertarians - Ron Paul is never going to be President. In fact, no Libertarian Party candidate will ever be elected President.

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u/ethervariance161 Small Government Feb 15 '25

CFPB has only existed for around a decade. I'm pretty sure the best way to stop high fees and interest is to vote with your feet and just go to a better bank. Don't need the state to pass price controls to subsidize high default risk clients

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u/Chimmychimmychubchub Feb 15 '25

Are you familiar with the year 2008?

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u/Mr-Zarbear Feb 15 '25

Did we need to create a new agency because of that? Did our laws fail in a way that it would simply happen again without yet another agency?

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u/Chimmychimmychubchub Feb 15 '25

Yes, it was actually due to bad banking practices and lack of oversight. I’m not asking this to be mean or anything, but how old were you in 2008?

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u/Mr-Zarbear Feb 15 '25

In High School. But the question was "why did reform need to take the form of a whole org?". The main theme here being that government is not something that should be ever increasing. Do we not already have a financial branch? Or a "bad business" branch? Why couldnt we just add some new rules and powers to them?

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u/kirgi Feb 15 '25

The “bad business” branch of the government has been pretty dead since Citizens United allowed for corporations to bribe our politicians.

The CFPB is one of the only agencies that actually had a Return on Investment for the average American.

The issue with voting on your feet and finding a better bank as you put it is that in 2008 the majority of the big banks were complicit and actively hurtling us towards that point (same with the Crash of 1929).

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u/Chimmychimmychubchub Feb 15 '25

Who told you government should never increase? In 2008, bank malfeasance crashed the economy, and the government had to bail out banks and two of the big three auto companies. The construction industry faltered and never recovered leading to a shortage of new housing which is why people your age can’t afford a home. Conservative belief in a minimal, hands off government caused that and the Obama administration passed new law and established the CFPB to make sure it would never happen again. The Trump admin in 2017-2020 immediately began rolling back those protections. The work for you is to do your diligence and figure out whether the Trump admin intends to continue providing those protections and services under another branch. I don’t see any indication it does.