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Obama Appoints New Consumer Watchdog

David Streeter — January 4, 2012 – 1:03 pm | Barack Obama | Domestic Policy | Economy Comments (2) Add a comment

Moving past Republican obstruction, President Barack Obama today appointed Richard Cordray to head the Consumer Financial Protection Bureau. According to White House Communications Director Dan Pfeiffer:

[Cordray] has one important job: look out for the best interest of American consumers. He’ll work on behalf of millions of families across the nation to ensure they’re not being taken advantage of by debt collectors and credit reporting agencies. As America’s consumer watchdog, Cordray will work to ensure that families and students don’t get saddled with sky-high interest rates by mortgage or payday lenders. Bottom line: he’ll strengthen oversight and accountability in order to protect millions of families across the nation. This is an important step to protect the American people.

Pfeiffer explained the process through which Obama appointed Cordray:

The Constitution gives the President the authority to make temporary recess appointments to fill vacant positions when the Senate is in recess, a power all recent Presidents have exercised. The Senate has effectively been in recess for weeks, and is expected to remain in recess for weeks. In an overt attempt to prevent the President from exercising his authority during this period, Republican Senators insisted on using a gimmick called ‘pro forma’ sessions, which are sessions during which no Senate business is conducted and instead one or two Senators simply gavel in and out of session in a matter of seconds. But gimmicks do not override the President’s constitutional authority to make appointments to keep the government running. Legal experts agree. In fact, the lawyers who advised President Bush on recess appointments wrote that the Senate cannot use sham ‘pro forma’ sessions to prevent the President from exercising a constitutional power. 

Click here to read Pfeiffer’s full explanation of Cordray’s appointment. 

Comments

The Obnoxious American | January 4, 2012 – 11:00 pm

The Republicans who were elected to represent their constituents, were voting based on what the voters put them there for.  That’s how the system works - people elect members of government to represent their views, and the system of checks and balances ensures that those voters have a say in how the system is working. 

Obama is polling below 50% and given the 2010 election, Americans by a large degree didn’t agree with his policies, and they made this known by putting people in office to represent those views.  Republicans aren’t obstructing, they are doing what they were sent to Washington D.C, U.S.A, to do, serve as a counter to Obama’s extreme leftist policies.

What Obama has done by making a “recess” appointment when in fact the (Democratic-controlled) Senate was still in session, is bypass the very system that has served our country all of these years.  That this so-called constitutional scholar would act in such a manner should send chills down the spines of those whose ancestors have lived through tyranny - and this includes virtually ALL JEWS, myself included.  Not to mention the fact that nothing stops the reverse from happening when inevitably, a non-Democrat, takes the white house. 

I guess when Obama said he would “fundamentally change America,” he meant that he’d change it from a representative republic to a 3rd world banana republic.

The Obnoxious American | January 5, 2012 – 10:26 am

I posted a comment yesterday…. still not here?

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