The Department of Government Efficiency (DOGE) is one of the most important initiatives that President-elect Trump initiated. Elon Musk, Vivek Ramaswamy, and others are preparing to release the DOGE from its leash. If a recent X-post by Elon is anything to go by, it may even be a threat against Senator Elizabeth Warren’s Consumer Financial Protection Bureau.
It seems like a good plan. The federal government has a lot of feathers in its cap, and until 2011, we did just fine without it. We could probably do without it again. If anyone asks me why, I can give 36 trillion reasons. We’re broke. We’re in a huge financial hole. And for the love of God, we must stop digging.
Marc Andreesen, a tech entrepreneur, recently appeared on Joe Rogan’s show and discussed the CFPB.
Andreesen explains at the beginning of the video that there’s no constitutional authorization for CFPB. However, the Constitution never prevented Senator Warren from attempting one of her large-government schemes.
Elizabeth Warren is the person who controls this agency, the Consumer Finance Protection Bureau (CFPB). It is an independent agency which can do what it pleases. There is no independent agency in the Constitution.
Andreesen continues to give examples.
Like they did to Kanye, my partner Ben’s father has been debanked. (Really?) We had an employee. (For what?) For having the wrong politics, for saying unacceptable things. Under current banking regulations… Okay, here’s a great thing. Under current banking regulations, after all the reforms of the last 20 years, there’s now a category called a politically exposed person, PEP. If you are a PEP, you are required by financial regulators to kick them out of your bank. (What?) You’re not allowed to have them.
And:
They debanked him. You’re kicked out of the bank. You cannot use credit cards. You can’t do that. Well, exactly. The thing is. This is the thing. Then you do this thing about, like, there’s nothing… Here’s where the government and companies are intertwined. In response to your fascism argument, there is a constitutional provision that states that the government cannot restrict your speech. However, there is no such constitutional provision that prohibits the government from debanking you. They do it if they can’t. They don’t need to debank you. The private banks will do this if they are pressed to. They do this because it’s expected. The government can say that they didn’t.
Overreach by the government can be dangerous. Leftists, such as Senator Warren, talk about Donald Trump’s desire to be a dictator from the start, calling him a fascist, etc. But this is using government power, power to coerce and suppress political dissent. This is anathema for everything America stands.
Elon and Vivek are correct in targeting the CFPB for the DOGE. It is an unconstitutional organization; it has a history of punishing “incorrect opinions” with the full force banking regulations. In effect, it looks at conservative entrepreneurs and tells them “Nice little company you have there. It would be a pity if anything… went wrong.”
Like being debanked.
The CFPB is gone. It’s unconstitutional. It was fine until 2011. We need DOGE to do exactly this kind of thing. Let the DOGE go.