The Republicans recently routed the Democrats in the 2014 Midterms, taking control of the Senate, where they will now appoint committee heads. Scheduled to be chairman of the Senate Environment and Public Works Committee is one James Inhofe (R-OK), author of the 2012 book "The Greatest Hoax: How the Global Warming Conspiracy Threatens Your Future."
Bachus's Alabama colleague Richard Shelby (R-AL) is set to become Senate Banking Chairman. He has lambasted the Obama administration’s Dodd-Frank financial law and is expected to push to roll back powers at the Consumer Financial Protection Bureau.
John McCain (R.-AZ), on the other hand, is in line to lead the Senate Armed Services Committee. Far from being opposed to anything to do with the armed services, McCain is expected to seek to pursue new and exciting military ventures all over the globe.
Click here for an article by Mary Orndorf Troyan at blog.al.com/sweethome entitled "Spencer Bachus finally gets his chairmanship." Some illustrative quotes from the article:
House Republicans on Wednesday promoted Bachus to chairman of the House Financial Services Committee, which has wide jurisdiction over banks, capital markets, housing, consumer credit and the overall health of the American financial system.
Bachus, in an interview Wednesday night, said he brings a "main street" perspective to the committee, as opposed to Wall Street.
"In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks," he said.
He later clarified his comment to say that regulators should set the parameters in which banks operate but not micromanage them. [Yeah, right.]
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