One thing Barack Obama can do to help energize the progressive left is to appoint Elizabeth Warren to lead the CFPB, a move I have supported since the legislation creating it passed. While most of us were not fully satisfied with the Wall Street Reform, it could be far more relevant with a strong consumer advocate, like Warren, heading the CFPB. Then Obama could honestly say that the reform will do something for Tin Pan Alley and Main Street. Easy Street got way too much from the Bush Wall Street bailout. It appears, Obama may be moving to do just this.
President Obama signaled on Friday that he was close to choosing a director for a new consumer bureau, but an array of top jobs that will be crucial to shaping economic policy and financial regulation for the rest of his term remain unfilled.
At a White House news conference, Mr. Obama praised Elizabeth Warren, the Harvard law professor who was the chief proponent of the Consumer Financial Protection Bureau and is a front-runner to lead it. Calling her “a dear friend” and a “tremendous advocate” for the new agency, the president said he had talked with her but added, “I’m not going to make an official announcement until it’s ready.”
Ms. Warren is considered a foe of Wall Street but a favorite of liberals. If she were nominated to the post it could set off a partisan brawl similar to the battles that nearly swamped the Dodd-Frank financial overhaul law Mr. Obama signed in July, which created the bureau… [emphasis added]
Inserted from <NY Times>
In case you’ve forgotten what we can expect from her, watch Timmy the Tool squirm under her laser sharp interrogation.
Now the author of the article seems to think that setting off a partisan brawl might be a bad thing. I could not disagree more. First, the Republicans started the partisan brawl the day Obama took office and have continued it without letup since. Second, this is a fight we can’t afford to miss. What better lead up to November could we have than a floor fight with Democrats on the side of consumers and Republicans on the side of the criminal banksters that BUSHwhacked our economy?
4 Responses to “Is Warren the One?”
Sorry, the comment form is closed at this time.
I want Elizabeth Warren !
Me too, Lisa. ❗
I agree. Obama should appoint Elizabeth Warren. It would be a good floor fight. But it will also show whose side Obama is really on. Does he support the consumer or does he support Wall Street and the Corporations?
Who he appoints will go a long way in answering that question.
True, Jerry. If he appoints anyone else, I fear it will alienate the left to a previously unprecedented extent.