Quote:
President Barack Obama will use a stop in Cleveland today to announce that he will bypass the Senate to install Richard Cordray, the former Ohio Attorney General, as head of the Consumer Financial Protection Bureau.
“With Cordray in place, the CFPB will now be able to exercise its full ability to protect consumers and middle class families allowed under the law,†a White House official said, speaking on the condition of anonymity.
“Every day that Richard waits to be confirmed is another day when millions of Americans are left unprotected,†Obama will say in his speech in Cleveland, according to prepared remarks released by the administration official. “Without a director in place, the consumer watchdog agency we’ve set up is left without the tools it needs to prevent dishonest mortgage brokers, payday lenders and debt collectors from taking advantage of consumers. That’s inexcusable. It’s wrong. And I refuse to take “no†for an answer.â€
The news infuriated Republicans, who have staunchly opposed Cordray’s appointment and blocked an up-or-down Senate vote on the nominee. Sen. Rob Portman, R-Ohio, and others have said that Cordray is qualified for the post, but they object to the way the new consumer agency is structured. The CFPB, created in the aftermath of the 2008 economic meltdown, is unaccountable and too powerful, Portman and others have argued.
In a conference call with reporters, RNC Chairman Reince Priebus decried Obama’s decision to appoint Cordray while federal lawmakers are back in their home states on holiday break.
“It’s unreal,†Priebus said. “The president is taking power at an unprecedented level and doing something that’s never been done in the history of this country.â€
While president’s often make so-called “recess appointments,†installing nominees when Congress is on break, the House and Senate are technically in session right now. Congressional leaders have organized pro forma sessions to keep the chambers open, even though there’s no legislative action occurring.
“The outrageousness of this is that Harry Reid has said the Senate’s not in recess,†Priebus said, referring to the Democratic Senate leader.
In his remarks, Obama will point to Republican tactics that have blocked action on his nominees and legislative priorities—part of his campaign to run against a “do-nothing†Congress.
President Barack Obama will use a stop in Cleveland today to announce that he will bypass the Senate to install Richard Cordray, the former Ohio Attorney General, as head of the Consumer Financial Protection Bureau.
“With Cordray in place, the CFPB will now be able to exercise its full ability to protect consumers and middle class families allowed under the law,†a White House official said, speaking on the condition of anonymity.
“Every day that Richard waits to be confirmed is another day when millions of Americans are left unprotected,†Obama will say in his speech in Cleveland, according to prepared remarks released by the administration official. “Without a director in place, the consumer watchdog agency we’ve set up is left without the tools it needs to prevent dishonest mortgage brokers, payday lenders and debt collectors from taking advantage of consumers. That’s inexcusable. It’s wrong. And I refuse to take “no†for an answer.â€
The news infuriated Republicans, who have staunchly opposed Cordray’s appointment and blocked an up-or-down Senate vote on the nominee. Sen. Rob Portman, R-Ohio, and others have said that Cordray is qualified for the post, but they object to the way the new consumer agency is structured. The CFPB, created in the aftermath of the 2008 economic meltdown, is unaccountable and too powerful, Portman and others have argued.
In a conference call with reporters, RNC Chairman Reince Priebus decried Obama’s decision to appoint Cordray while federal lawmakers are back in their home states on holiday break.
“It’s unreal,†Priebus said. “The president is taking power at an unprecedented level and doing something that’s never been done in the history of this country.â€
While president’s often make so-called “recess appointments,†installing nominees when Congress is on break, the House and Senate are technically in session right now. Congressional leaders have organized pro forma sessions to keep the chambers open, even though there’s no legislative action occurring.
“The outrageousness of this is that Harry Reid has said the Senate’s not in recess,†Priebus said, referring to the Democratic Senate leader.
In his remarks, Obama will point to Republican tactics that have blocked action on his nominees and legislative priorities—part of his campaign to run against a “do-nothing†Congress.
It's a sad day for our country that GOP obstructionism has forced Obama to set a terribad precedent in order to get a vital consumer safety net in place.
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Using the mirror of ridicule to force conservatives to
confront their own stupidity.
confront their own stupidity.
This is the republican's fault? Eventually he is going to have to take responsibility for his own actions. 