The 4th GOP debate provided a lot of moments that will end up in memes or as gifs, but it wasn’t just the debate that raised eyebrows. Some of the ads that aired during the debate were pretty one-sided. One should expect that since the show aired on a Fox Network channel. But one ad stood out for me, at least.
This ad, paid for by the American Action Network, a conservative PAC, attacked Elizabeth Warren and her brainchild, the Consumer Financial Protection Bureau. The PAC is said to have paid $500,000 to air their ad during the GOP debate, according to Politico’s Burgess Everett.
The ad depicts a vast room full of desks with bureaucrats seated at them. At the front of the room are huge red banners on the back wall that depict Warren and CFPB Chief Richard Cordray overseeing the merciless agency. It looks like a scene out of “Brazil” or Monty Python’s “Crimson Permanent Assurance Company.” As the camera plays over the bureaucrats stamping DENIED on loan applications, a serious voice intones:
They call it CFPB. Washington’s latest regulatory agency, designed to interfere with your personal financial decisions: that car loan you needed, your mortgage, that personal loan. With the Consumer Financial Protection Bureau, those who need help the most are denied.
Liar, liar, pants on fire!
The CFPB does not approve or deny loans. What it does do is go after fraudulent mortgage lenders, banks that try to fool customers with fines and fees and for-profit colleges, among other things. In other words, it protects consumers, just as its name makes explicit. This does not sit well with the GOP’s rich donors, many of whom profit from taking advantage of consumers.
The CFPB was formed to help the little guy fight the big, faceless corporations. In real life, the huge Soviet-themed agency is analogous to predatory lenders and credit companies. This is nothing more than a big budget bit of projection. If anyone is in danger of fitting the picture painted in this ad, it is the right and their greedy masters.
Here’s the ad:
Featured Image via Screen Capture