Republicans pledge to block Obama's pick to head consumer bureau
Source: Reuters
Republicans pledge to block Obama's pick to head consumer bureau
By Emily Stephenson
WASHINGTON | Fri Feb 1, 2013 3:14pm EST
(Reuters) - Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.
The group of 43 Republicans, led by minority leader Mitch McConnell of Kentucky and Mike Crapo, an Idaho senator who is the top Republican on the banking committee, said the Consumer Financial Protection Bureau lacks congressional oversight.
Last week, Obama re-nominated Richard Cordray to lead the bureau. Cordray received a temporary appointment as director last year, but his position expires at the end of 2013.
"As presently organized, the CFPB is insulated from congressional oversight of its actions and its budget," the Republicans said. "Far too much power is vested in the sole CFPB director without any meaningful checks and balances."
Read more: http://www.reuters.com/article/2013/02/01/us-financial-regulation-director-idUSBRE91016V20130201
sakabatou
(42,170 posts)Only about stopping Obama. Fuckers.
Botany
(70,552 posts)these fuckers act like they won the last election by a landslide.
AsahinaKimi
(20,776 posts)When one is upset how the game is going, and takes his football and goes home.
Botany
(70,552 posts)Pennsylvania, Florida, and Wisconsin then we would have had control of
the House too. Obstructionism is not really governing but to the Republicans
that (obstructionism) and trashing the economy is their path back into power.
Bottom line they are at their heart very un-American.
AsahinaKimi
(20,776 posts)By the way.. beautiful image you posted. The Japanese Crane is part of my ancestry...This is our family crest:
Purveyor
(29,876 posts)with Hagel.
Pending...
lobodons
(1,290 posts)F'em. Do another recess appointment. (SCOTUS will eventually rule they are Constitutional anyway.)
rhett o rick
(55,981 posts)official recess but continue the session.
bowens43
(16,064 posts)Cha
(297,496 posts)from MA.
Thanks Judi Lynn
jzodda
(2,124 posts)O wait
SoapBox
(18,791 posts)From The Party of NO!
zzzzzzzz
Gidney N Cloyd
(19,845 posts)Make 'em wear it around their necks (their necks aren't doing much else anyway).
PSPS
(13,608 posts)Controversial? Only in the RW media bubble. It's what the people both want and need. But, because we have a corporatocracy, anything that interferes with predatory business practices is declared "controversial."
markpkessinger
(8,401 posts)Republicans will do what Republicans will do, but when the Senate majority leader of our own party has an opportunity to act in a way that could have put an end to this nonsense, it is time to realize that the biggest obstacle to Democratic legislative success is not the GOP, but some of our very own elected leaders.
defacto7
(13,485 posts)No. Not the biggest obstacle, but definitely an obstacle.
"is not the GOP" ... is not necessarily the GOP.
I don't mean to be difficult but overstating it is a problem for me. We need to know who the enemy is and where our own problems lie, not start making our party out to be the "biggest" problem.