Obama to appoint Cordray to head CFPB

witness23

Veteran Expediter
It's about time!! Remember one thing, the Republicans have refused to have a straight up and down vote on this appointment(or any others).

Can't wait to hear all the crying and whining about this from the GOP.

Link: Obama to appoint Cordray to head CFPB - chicagotribune.com

Obama to appoint Cordray to head CFPB

Reuters

9:45 a.m. CST, January 4, 2012

WASHINGTON (Reuters) - President Barack Obama plans to use a recess appointment to install Richard Cordray as head of the country's new consumer financial protection watchdog, sidestepping Republican congressional opposition to his pick.

"Today in Ohio, President Obama will announce the recess appointment of consumer watchdog Richard Cordray," White House communications director Dan Pfeiffer announced in a tweet.

The Consumer Financial Protection Bureau was created by the 2010 Dodd-Frank financial oversight law to police the market for consumer products such as credit cards and mortgages.

Republicans have charged the agency is a regulatory overreach, and last month they blocked an attempt by the Senate to confirm Cordray, a former Ohio attorney general, to be the bureau's first director.

The decision to bypass the Senate and appoint Cordray to the job will further inflame partisan tensions between Republicans and Democrats in advance of the November elections.
 

jaminjim

Veteran Expediter
Apparently this tactic has never been tried before.

Review & Outlook: Contempt for Congress - WSJ.com

Contempt for Congress

Remember those terrible days of the Imperial Presidency, when George W. Bush made several "recess appointments" to overcome Senate opposition? Well, Czar George II never did attempt what President Obama did yesterday in making recess appointments when Congress isn't even on recess.

Eager to pick a fight with Congress as part of his re-election campaign, Mr. Obama did the Constitutional equivalent of sticking a thumb in its eye and hitting below the belt. He installed Richard Cordray as the first chief of the Consumer Financial Protection Bureau and named three new members to the National Labor Relations Board. He did so even though the Senate was in pro forma session after the new Congress convened this week.

A President has the power to make a recess appointment, and we've supported Mr. Obama's right to do so. The Constitutional catch is that Congress must be in recess.

The last clause of Section 5 of Article 1 of the Constitution says that "Neither House" of Congress can adjourn for more than three days "without the Consent of the other" house. In this case, the House of Representatives had not formally consented to Senate adjournment. It's true the House did this to block the President from making recess appointments, but it is following the Constitution in doing so. Let's hear Mr. Obama's legal justification.

Democrats had used a similar process to try to thwart Mr. Bush's recess appointments late in his term when they controlled both the House and the Senate. Prodded by West Virginia's Robert C. Byrd, who has since died, Majority Leader Harry Reid kept the Senate in pro forma session. Some advisers urged Mr. Bush to ignore the Senate and make recess appointments anyway, but he declined. Now Mr. Reid is supporting Mr. Obama's decision to make an end run around a Senate practice that he pioneered.

Some lawyers we respect argue that a pro forma session isn't a real Congressional session, and that's certainly worth debating. But that isn't the view that Mr. Reid or then-Senator Obama took in 2007-08, and it would certainly be an extension of Presidential power for the chief executive to be able to tell Congress that he can decide when Congress is really sitting and when it isn't. In any event, that still wouldn't explain the violation of the language in Section 5 above.

These appointments are brazen enough that they have the smell of a deliberate, and politically motivated, provocation. Recall the stories over the New Year's weekend, clearly planted by the White House, that Mr. Obama planned to make a campaign against Congress the core of his re-election drive. One way to do that is to run roughshod over the Senate's advice and consent power and dare the Members to stop him.

Mr. Cordray's appointment also plays into Mr. Obama's plan to run against bankers and other plutocrats. The President justified his appointment yesterday by saying that Senate Republicans had blocked Mr. Cordray's nomination "because they don't agree with the law setting up the consumer watchdog."

Yet he knows that Senate Republicans haven't called for the dissolution of the consumer financial bureau, or personally attacked Mr. Cordray, as Democrats like to claim. Republicans have said they'd be happy to confirm him if Mr. Obama agrees to reforms of the bureau that would make it more accountable to elected officials and subject to Congressional appropriations. As it stands, the bureau is part of the Federal Reserve but Mr. Cordray sets his own budget and doesn't report to the Fed Chairman. His rule-makings also don't need to worry about such inconvenient details as bank safety and soundness.

The bureau has been up and running since July and is already pushing the boundaries of its examination powers. With Mr. Cordray on board, he says the bureau can now begin to issue rules, including oversight of nonbank institutions and the ability to define what constitutes an "abusive" act or practice, an invention of the Dodd-Frank financial reform that will surely lead to mischief.

As Ohio Attorney General, Mr. Cordray was tight with the tort bar and launched a barrage of national lawsuits worthy of Eliot Spitzer. His new job might be a nice populist springboard for running for Ohio Governor, should he choose to do so. Look for Mr. Cordray to announce new and controversial rules or enforcement actions, oh, say, around Labor Day.

As for Mr. Obama's three NLRB appointees, he only notified Congress of his intent to nominate them on December 15. The Senate hasn't had time to hold a single confirmation hearing. The nominees, two Democrats and one Republican, will give the labor board a quorum that it wouldn't have had with the December 31 expiration of the term of previous recess-appointee Craig Becker.

Under this Administration, the supposedly nonpartisan NLRB has become a partisan arm of Big Labor, and that will probably continue this election year. Appointee Sharon Block is the Labor Department's Congressional liaison and former aide to Ted Kennedy. Richard Griffin is general counsel for the International Union of Operating Engineers.

Remember a year ago when Mr. Obama was talking about "regulatory relief" and moving toward the political center? He even sent us an op-ed.

Congress can't do much immediately to stop these appointments, but it ought to think creatively about how to fight back using its other powers—especially the power of the purse. However, private parties will have standing to sue if they are affected by one of Mr. Cordray's rule-makings, and that's when the courts may get a say on Mr. Obama's contempt for Congress.
 
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cableguymn

Seasoned Expediter
It's about time!! Remember one thing, the Republicans have refused to have a straight up and down vote on this appointment(or any others).

Can't wait to hear all the crying and whining about this from the GOP.

Link: Obama to appoint Cordray to head CFPB - chicagotribune.com

Obama to appoint Cordray to head CFPB

Reuters

9:45 a.m. CST, January 4, 2012

Problem. The house is in session. The senate needs permission from the house to recesses. Bonehead (I don't like him) did something right and will not allow the senate to recess. Thus Obama is not allowed to do recess appointments. It's the same trick Democrats used on Bush.

But then I guess it was ok in your book.

Appointing him and telling congress "oh well, what are you going to do?" is a impeachable offense. Not that I expect the republicans to have the guts to do much about it.

He also did the same to the NLRB.

Obama is out of control.
 

layoutshooter

Veteran Expediter
Retired Expediter
I also find it interesting that there are so many Ron Paul supporters in this forum and not one has complained about this. What about the formation of ANOTHER government agency? Why be "thrilled" that King Putz the 1st is not only likely in contempt of congress, but is starting this agency? What is wrong with this picture?
 

greg334

Veteran Expediter
Sometimes it is not worth the effort

We all know what he is and does but many tend to forget that this was done by the last four in office
 

witness23

Veteran Expediter
What was done by the last four?

images
 

witness23

Veteran Expediter
Look, what Obama did is not unprecedented(no matter what FoxNews says). What is unprecedented is the obstructionism the Republicans have engaged in.

From a PBS interview with Sen. Sherrod Brown:

Here's the link to the full interview. It's worth watching: Consumer Financial Protection Bureau Nominee Cordray Faces Senate Battle | PBS NewsHour | Dec. 7, 2011 | PBS

That's not giving -- that's not unprecedented power. What's unprecedented, Judy, is -- I asked a Senate historian several months ago, has this ever happened, where one political party has opposed a nominee solely because they don't like the agency over which he -- which he will run? And the Senate historian said that has never happened.

Accountability is not accountability to Wall Street, but to the public. And in many ways, my colleagues here that oppose the whole idea of consumer protection moved the goalposts. They first said they wanted it not independent, so we agreed to put it in the Fed. Then they said anybody but Elizabeth Warren, so we put -- so the president appointed Richard Cordray.

And then they said that, we don't want the president to do a recess appointment, so he didn't. And now they're still opposing it, and they said they'd oppose anybody because they don't like the agency itself. Well, maybe that's because the agency will stand up to special interests a little more than my colleagues want them to.
 

layoutshooter

Veteran Expediter
Retired Expediter
"Look, what Obama did is not unprecedented(no matter what FoxNews says). What is unprecedented is the obstructionism the Republicans have engaged in."

Really? Unprecedented obstructionism?


There was this:

Tom Daschle and Senate Democrats Block Bush Judicial Nominees

There was Democrat shut downs of State governments in Wisconsin and Indiana.

None of this is even close to new. Both parities do it to the same degree.

Why is the expansion of government a good thing? Did Ron Paul vote to set up yet another government agency?

Unprecedented my hind leg! :p:eek:
 

jaminjim

Veteran Expediter

Pilgrim

Veteran Expediter
Retired Expediter
Look, what Obama did is not unprecedented(no matter what FoxNews says). What is unprecedented is the obstructionism the Republicans have engaged in.

In post #4 I referenced the WSJ. Haven't been to Fox News yet.

Question: has any other president made recess appointments when the Senate was in session?

Obviously, the WSJ referred to previously details the tactics being used are NOT UNPRECEDENTED:

"Democrats had used a similar process to try to thwart Mr. Bush's recess appointments late in his term when they controlled both the House and the Senate. Prodded by West Virginia's Robert C. Byrd, who has since died, Majority Leader Harry Reid kept the Senate in pro forma session. Some advisers urged Mr. Bush to ignore the Senate and make recess appointments anyway, but he declined. Now Mr. Reid is supporting Mr. Obama's decision to make an end run around a Senate practice that he pioneered."

If the Republicans have any cahones at all they'll challenge this in court and slap down the man-child in chief.
 

jaminjim

Veteran Expediter
Look, what Obama did is not unprecedented(no matter what FoxNews says). What is unprecedented is the obstructionism the Republicans have engaged in.

From a PBS interview with Sen. Sherrod Brown:

Here's the link to the full interview. It's worth watching: Consumer Financial Protection Bureau Nominee Cordray Faces Senate Battle | PBS NewsHour | Dec. 7, 2011 | PBS
Sherrod Brown hahahehehe. Man if you have to dig so deep to get a quote from someone, don't pick a nobody.

Anyway how often do they form a new agency? one that will have a great deal of power, and that won't even have a budget that gets approved by Congress? The Congress's job is to work together to work out areas of disagreement. Not to just rubber stamp everything the other side demands.
 

layoutshooter

Veteran Expediter
Retired Expediter
"If the Republicans have any cahones at all they'll challenge this in court and slap down the man-child in chief."

Then in lies the rub, they likely don't.
 
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