GOP Threatens To Block Consumer Financial Protection Bureau Unless They Can Cripple It

[ProfessionalLeftist]

The Dodd-Frank financial reform act, which barely got passed thanks to GOP obstruction, calls for a director. Because Senate Republicans threatened to filibuster anyone put forward for that position, President Obama was forced to make a recess appointment of Ohio Attorney General Richard Cordray. Now that it’s time to renew that appointment, the usual suspects are promising to hold their breath until they turn blue block the nomination. Unless they get to make some changes – changes that will weaken the bureau and give them a chance to control it. Tell me you’re not surprised…

According to a letter sent to the President Thursday, 43 Republican Senators will refuse to budge on approving the director. Mitchie “the Turtle” McConnell and Mike “DUI” Crapo signed the letter which reads, in part:

“The CFPB as created by the deeply flawed Dodd-Frank Act is one of the least accountable in Washington. Today’s letter reaffirms a commitment by 43 Senators to fix the poorly thought structure of this agency that has unprecedented reach and control over individual consumer decisions — but an unprecedented lack of oversight and accountability.” (source)

Allow me to translate: “We hate this new agency because we can’t control it.”

MORE...

http://www.addictinginfo.org/2013/02/02/gop-threatens-to-block-consumer-financial-protection-bureau-unless-they-can-cripple-it/

[cantbeserious]

1. No Surprise - If Big Business Can't Have Its Way - Send In The Republican Cavalry

eom

[Dragonfli]

2. Thanks to Reid, their job is easy, 43 can block anything, anytime, without even a speach

He is perhaps the best placed Republican Senator in recent history, brilliant use of faux party loyalty to help his GOP friends from the other side of the aisle.

The boxer does know how to take a dive... I suppose that is a skill of sorts that he should be credited with.

[bluestate10]

3. Yep. The filibuster agreement bites Senate democrats in the ass. Nothing has changed.

A minority will be dictating who gets appointed to posts. It was not just Reid, but the 6-7 old bull democrats that couldn't imagine life where the majority actually determined policy. Remember those people when they come up for re-election.