VP Mike Pence Swings into Senate to Deliver 'Wet-Kiss-to-Wall-Street' Tie Breaker

Just in time to do the bidding of the “rich and powerful,” as one Democratic Senator put it, Vice President Mike Pence was summoned to the Senate chamber on Tuesday night where he cast the tie-breaking vote in order to scrap a federal rule designed to protect consumers from so-called “rip-off clauses” used by Wall Street and other corporations.

“The vice president only shows up in this body when the rich and powerful need him.” —Sen. Sherrod Brown (D-Ohio)While in the end it was two Republicans, Sens. Lindsey Graham of South Carolina and John Kennedy of Louisiana, who joined with Democrats and the Senate’s two Independents in voting against the resolution, Pence broke the 50-50 tie in order to scrap the rule.

Sen. Elizabeth Warren (D-Mass.), an outspoken propopent of the Consumer Financial Protection Bureau’s rule which sought to restrict use of forced arbitration clauses, condemned both Pence and her Republican colleagues for trying to undermine consumer protections by delivering a “gift to the bank lobbyists.” 

“Let’s be clear: No organization that represents actual human beings wants the [Senate] to reverse the [CFPB’s] arbitration rule,” Warren declared in a pair of tweets. “Servicemembers, vets, seniors, and small businesses all support the rule. Only people who don’t? Bank lobbyists. Oh, and Equifax.”

In a nearly eight-minute speech objecting to the passage of resolution, Warren explained that at a time when “millions of Americans of all parties think Washington is rigged against them,” the vote on Tuesday night should be considered “Exhibit A.” Watch:

Robert Weissman, president of the consumer advocacy group Public Citizen, blasted the Senate Republicans.