PG123: Opioid Emergency, CFPB Overruled, Jeff Flake, Tax Reform

Oct 28, 2017, 03:48 PM

This week, Mike and Jay start by talking about President Trump's declaration of the opioid crisis as a public health emergency. Mike wonders about the timing of the announcement, which came out a week before the president's opioid commission is scheduled to release its final report, and hopes that significant federal funding will soon follow. Jay thinks federal action may help at the margin, but is concerned about throwing money at the problem.

Then, Mike gets to talk about his favorite regulatory agency - the Consumer Financial Protection Bureau (CFPB) though this week he's dismayed at the agency's arbitration rule being overturned by Congress. Jay believes it was a wise move by Congress and the Guys get into a somewhat heated discussion over the merits of class action lawsuits vs arbitration.

After that, it's a discussion of what Arizona Senator Jeff Flake's decision to not seek election might mean for the Republican party. Flake's announcement comes in the wake of another Senate Republican, Tennessee's Bob Corker making a similar decision.

Finally, Mike and Jay discuss the state of tax reform. Mike's inner idealist comes out and he makes an impassioned plea for some good faith attempts at working across the aisle. Jay argues that Republicans have to be more realistic.

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