Correction: Obama WILL make Recess Appointment
My post yesterday was based on the news that President Obama would not be making any recess appointments during Congress’ year-end adjournment. But now the story has changed: The President IS going to use this recess period to appoint Richard Cordray to head the Consumer Financial Protection Bureau.
Wall Street has been desperate — frantic! — to derail the Consumer Financial Protection Bureau (CFPB). The CFPB is designed to rein in at least some of the reckless Wall Street gambling that caused the 2008 global meltdown. Consequently, Wall Street has instructed its Republican prostitutes in Congress to block every candidate the President nominates to head this agency. And the Republicans have spread their legs as ordered.
Elizabeth Warren — who basically created the Consumer Financial Protection Bureau — was Obama’s first choice to head the agency. After being repeatedly blocked by Wall Street’s hookers, Elizabeth Warren decided to run for the Senate instead. And right now she’s favored to defeat incumbent Scott Brown (R—Massachusetts). Talk about unintended consequences.
Republicans are expected to throw the mother of all tantrums over Obama’s recess appointment of Richard Cordray. The country will be smothered with rightwing talking points about Obama over-reaching, overusing his executive authority, being a dictator, etc. The facts — fact is a four-letter word if you’re a Republican — speak otherwise:
President Obama has made far fewer recess appointments than any of his recent predecessors. G.W. Bush, Bill Clinton, G.H.W. Bush and Ronald Reagan had all made a lot more recess appointments by this point in their presidencies than Obama has.
Please keep that simple fact in mind when Rush O’Hannity and the Foxsuckers start spewing their bilge into the airwaves.