Post

Elon Musk called Wednesday for the elimination of the Consumer Financial Protection Bureau, one of the nation’s most powerful watchdog agencies, signaling it could be scrapped as part of a planned review of government spending ordered by President-elect Donald Trump.

washingtonpost.comElon Musk wants to ‘delete’ federal financial watchdog as ‘DOGE’ begins work“Delete CFPB,” the billionaire tech executive running the “Department of Government Efficiency” said in an early-morning post on X.

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Elon should stick to playing with toy rockets and tinkering with batteries. He has zero connectivity with the average voter in America and zero understanding of the structures designed to protect Americans… government for the people needs to be that… not what can we take from the people.

It's unfortunate that only after all of this government decimation in the name of "saving money" will people figure out that in a fiat currency economy, taxes don't fund the government.

If anyone thinks this exercise is meant to make government more efficient & not to dismantle all regulation, government oversight, programs that help and protect ordinary people & to exact retribution on any departments that didn't fall in line with Trump, wake up and smell the coffee.

Without John McCain, they would have had scuttled the ACA without a replacement. Scuttling the watchdog may seem like a pro business move. So it would not surprise me😞.

You say this like you didn’t live thru the last time Trump had trifecta. They did nothing with an even bigger majority. AND there are plenty of republicans in Biden districts that have to run in 1 1/2 years. They will NOT give him everything he wants

Could CFPB be eliminated through Budget Reconciliation? Assuming it could, then yeah, this and tax cuts for the 1% seem pretty likely to pass through even a narrow Republican majority.

It's funny you think they will do this legally. They think laws are bad or somehow oppressive unless it's hits someone they don't like. Laws only work on people who follow the law. We are not safe.

I think he should retire right now and stop with all the madness. What will happen next year? It will be as drastic as exodus from Twitter.

Oh look Washington Post followed us to Blue Sky where liberals & their arch nemesis progressives & leftists call home 😛 & yet panders to neo-confederate white nationalist Trump & his adjacent. Hope #ElonMusk reads up on Icarus and what happened to him.

Elon Musk's call to scrap the Consumer Financial Protection Bureau is a bold move, but it risks stripping away a key safeguard for consumers. While government spending needs review, dismantling protections in the name of efficiency could cost the public more in the long run.

He has no authority to touch its funding, neither does Trump. Its funding is separate from the main budget, and its independent funding was upheld by the Supreme Court. It was specifically structured to be immune to this sort of tampering, which SCOTUS upheld only a few months ago.

And YOU should be writing an article saying how dastardly this is! Bezos is going along with the facists and how they want to destroy this country. The Post is useless if they just parrot everything Trump and Musk say with no comment. Are you even allowing op-ed pieces any more???

Oh i do not want to hear anymore about all the disastrous happenings in the USA because of this terrible election results. The people who choose for these dumbish two will soon have to feel the hurt, alas too late...

First comes the corruption. Then the embrace of fascism to protect it.™️ bsky.app/profile/wash...

The Washington Post@washingtonpost.com

Elon Musk called Wednesday for the elimination of the Consumer Financial Protection Bureau, one of the nation’s most powerful watchdog agencies, signaling it could be scrapped as part of a planned review of government spending ordered by President-elect Donald Trump.

Of course he did. Who but billionaires don’t want someone regulating them. I mean how could you become a Russian like oligarch if people could actually monitor you being a POS.

"You know what would really help corporate profit margins soar?! .. letting them go back to f-king people over! We need to normalize do like Trump did and turn peoples one time payments into ongoing monthly payments w/o their knowledge! ... We'll make BAAANK!!" ~ Musk .. probably

Why does anyone wasted any time on this numbskull. Cancel his SpaceX contracts already and ground his satellite system. We’ve literally let this twat control the upper atmosphere between two parallels at this point. FFS! No one company or individual should have that kind of access or control.

Nonsense. The CFPB is established by law. It can only be “scrapped” if those laws are repealed by Congress. No “planned review” by the Executive Branch can accomplish this.

Whoever doesn't like the USA being free; having a democracy; rule of law & a constitution then LEAVE. Go to the country of your choice. Believe me NOBODY will try & stop you. As a matter of fact pretty sure many will help you pack & pay for your plane ticket.

Like, why do you have to pretend Musk is actually interested in "efficiency" and not just "destroying things in government that help anyone who isn't wealthy in order to finance tax cuts for his foreign oligarch buddies"? STOP SANEWASHING.

Oh look, the WaPo sane-washing again. "Non-citizen Elon Musk called for destroying things that protect anyone who isn't wealthy, as part of his cutting benefits in order to finance tax cuts" might be better.

I can't believe they're letting him address government corruption like this! I don't want to see the American people paying taxes to cover more than the U.S. debt interest—especially when that interest isn't being reinvested into social services. Do you agree?

Apparently Musk has been talking to putin, alot. Trump is a puppet and does what he's told. Seems to me putin and Musk are in control of our country right now, and our government is doing nothing about it. Nothing.