The Presidential Planner: Obama Nominates Cordray To Head Consumer Bureau

Obama’s idea of getting a grip on the debt is to create another government agency with more bureaucrats?
If you’re in the checkout line at the grocery store, and your bill totals more than you can afford, it’s time to pull items OUT of your shopping cart, not put more items in.

“If you’re in the checkout line at the grocery store, and your bill totals more than you can afford, it’s time to pull items OUT of your shopping cart, not put more items in.”
Larry, the problem is that you’re not reading the labels! I’m putting more stuff in my cart just by reading the labels and relying on a government check to pay for what I can’t afford. It’s really pretty easy.
Read the labels, people, we can do this!

“it produces more jobs”
“it produces more jobs for bureaucrats”
Yay, just what the doctor ordered!
“People, you need us much more than we need you!”

Elizabeth Warren is one of those few people whose head and heart are in the right place to actually make things work better in this country for the majority of Americans. Being such a clear headed and right minded person makes her an enemy of everything the Republican party stands for; increasing the wealth and power of people like Rupert Murdoch, corporate leaders, hedge fund managers, banking and wall street welfare queens, etc. So, of course we are all short changed again because the GOP and the tea party and the rest of the right wing elite do not want what is best for the country but only what is best for themselves and their cronies. And of course there are those who are just so ill-informed and to a large degree illiterate that they cannot see how they are being manipulated to support policies that actually actually increase their and their children’s poverty and decrease any chance that they will be able to improve their own lives.

“Being such a clear headed and right minded person makes her an enemy of everything the Republican party stands for.”
Posted by: James Twomey | Jul 18, 2011 10:45:38 AM
Republicans didn’t stop Warren’s confirmation. Democrats did.
The Consumer Financial Protection Bureau’s director requires confirmation by the SENATE. Obama didn’t nominate Warren last fall after then-Senator Christopher Dodd, a Connecticut Democrat who headed the Banking Committee, said she couldn’t win confirmation.
Democrats still hold a majority in the Senate.

“Posted by: Dave | Jul 18, 2011 11:14:18 AM”
Aw, sheesh, the other Dave, don’t be so nitpicking, it really looks bad….
Perhaps a lot of people who aren’t misogynists see it as a slight….

“In 2006, Every Democratic Senator, Including Barack Obama, Voted Against Raising The Debt Limit.”
And in 2012, Every Republican Senator, may vote against raising the debt limit. Why on earth would you think this is news, Fascist Hyena? The debt limit votes merely have to do with what party the credit card is given to at the moment. It has ZERO to do with what’s best for the country.
And in 2006, Fascist Hyena, every Democrat was RIGHT!!! Why on earth would you bring up something that makes Democrats look GOOD? Bush and the RINOs were destroying America.

Many of us haven’t realized the depth of the crisis.
The AP reports that “the debt debate has hamstrung President Barack Obama’s ability to hit the road to campaign and raise money for his re-election bid.”
You can bet this will be settled before the 50th Birthday Bash. In the meantime we can only hope he got at least 18 holes in on the weekend.

It is apparent that Obama cannot commit to naming a program he would cut, the repubs have stated EVERYTHING is on the table (Paul Ryan’s Plan gives specifics including ending tax deductions that the upper tier wage earners “rich” love because they itemize and lower the wage cap to 25% close to across the board everyone pays taxes “Flat”), but is more than willing to tax the “rich,” would not be nearly enough by the way, so the question goes out to those who support him (Obama)….What would his liberal supporters be willing to CUT?? I am betting that the so called progressives, like their President, Pelosi, or Reid will be silent…..If Obama was a businessman he would have shut down long ago…

The Dems deprived Warren the opportunity to stand on her own merits…The Repubs were deprived the opportunity to question, judge, or vote on Warren’s merits…Just like liberals, making determinations on the “crystal ball” theory and then blaming the Repubs for bad Karma….Running the Government like fortune tellers…..I would even venture to write the large part of the individual Democrat politician’s budget is devoted to miracle Fish..Which way does it wiggle is the way we shall follow…Make a great 2012 bumper sticker…curling Fish..

“The reason Dodd said she couldn’t win is because the Republicans in the Senate would stonewall her nomination as a voting block.”
Posted by: Dave | Jul 18, 2011 11:42:55 AM
Warren is not the issue. Republicans oppose ANY confirmations until the power of that new agency is checked and accountability is established.
Financial Services Chairman Spencer Bachus said the agency will likely be “the most powerful agency that’s ever been created in Washington.” He and other Republicans have complained that Congress doesn’t control the bureau’s budget, that it will be headed by a director and not a bipartisan commission, and that it has strong leeway to decide which financial products it will curb.
Those all sound like legitimate concerns to me. Unchecked power and lack of accountability were two major reasons why Fannie/Freddie collapsed, potentially costing taxpayers up to $1 trillion when all is said and done.

Those all sound like legitimate concerns to me. Unchecked power and lack of accountability were two major reasons why Fannie/Freddie collapsed, potentially costing taxpayers up to $1 trillion when all is said and done.

Can’t wait for the Republican right to start whining when the President celebrates his 50th birthday.

Behind the Bureau: The CFPB was the brainchild of Warren, a Harvard University law professor. The bureau is intended to make basic financial practices — such as taking out a mortgage or making loans — more clear and transparent, while ferreting out unfair lending practices.