Previously posted at the original Soapblox site on Sat Sep 26, 2015 at 13:43:03 PM CDT

by: WillyK

To no one’s surprise Missouri’s Rep. Ann Wagner (R-2), already a junior member of the U.S. House leadership, is ready to take advantage of the premature retirement of Speaker Rep. John Boehner to move on up:

“I can’t imagine speakership,” she told the Post-Dispatch Friday, “but I am never one to shy away for either a leadership opportunity or for a greater opportunity to serve. We are going to visit about that in the coming days.”

She may not be able to imagine speakership this year, but you can bet that she’s thinking about how far up the ladder she can get. And from one point of view the GOP would be crazy to not to front one of the few women in their caucus, especially one who’s as good as Wagner at drowning GOP meanness in treacle.

If, however, Boehner’s retirement signals the ascendancy of the Tea Party fanatics, Wagner is a strange choice for leadership. A prominent member of the so-called [ “banking caucus,”] Wagner has distinguished herself almost singly as an advocate for Wall-street and the financial industry, the power of which many Tea Partiers eschew – for show purposes at any rate.

One wonders how folks so ideologically-blindered that they are willing to [ destroy jobs] in the United States by cutting funding to the Import-Export bank because it’s a “corporate subsidy” could countenance advancing Wagner, who [ supported] that exact subsidy. Wagner may have been correct for once in her deference to the banking industry, but she certainly was not “politically correct” according to Tea Part orthodoxy.

After railing about TARP, how will the wild-eyed Tea Partiers justify elevating a woman whose legislative raison de’etre is to [ deliver] the goods to Wall Street at the expense of regular middle-class citizens while pocketing buckets of filthy lucre for doing so:

The Department of Labor earlier this year issued a proposed fiduciary duty rule designed to better protect retail mom-and-pop retirement investors. The proposed rule is simple: require investment firms and banks such as UBS and J.P. Morgan to act in the best interests of their clients. The rule was intended to combat conflicts of interest such as an investment adviser recommending inappropriate in-house products simply to earn higher fees and commissions. The White House Council of Economic Advisers estimates that these types of conflicts of interest cost investors a staggering $17 billion a year.


Unfortunately, Wall Street already has many members of Congress in their pocket. In front of a crowd of hundreds of Wall Street Brokers, Republican Congresswoman Ann Wagner recently declared “war” on the Department of Labor for having the audacity to propose a fiduciary duty rule which would hold Wall Street accountable for their actions. Wagner proposed a bill that would force the Department of Labor to halt passing the new fiduciary duty rule. Last week, Wagner sent a letter to the Secretary of the Department of Labor demanding the withdrawal of the fiduciary duty proposal. Once again, it appears Wall Street will stop at nothing to ensure they remain above the law.

I guess those ideological blinders are effective in more ways than one.