Obama demands vote on consumer watchdog(AP) WASHINGTON - President Barack Obama isn't backing down from demanding that Republicans confirm his pick to head a new consumer watchdog agency, saying Republican lawmakers are depriving middle-class Americans of better protection against the kind of deceptive business practices that contributed to the financial meltdown.
President Barack Obama announcing the nomination of former Ohio Attorney General Richard Cordray to serve as the first director of the Consumer Financial Protection Bureau (CFPB), July 18, 2011. Republicans in the Senate have blocked the appointment, saying a single person should not head the agency. (AP Photo/Manuel Balce Ceneta)
Every day that the country must wait for a director of the Consumer Financial Protection Bureau "is another day that dishonest businesses can target and take advantage of students, seniors and service members," Mr. Obama said Saturday in his weekly radio and Internet address
."So I refuse to take 'no' for an answer. Financial institutions have plenty of high-powered lawyers and lobbyists looking out for them. It's time consumers had someone on their side."
Senate Republicans this past week blocked President Obama's appointment of Richard Cordray, a former Ohio attorney general, to lead an agency they said had been given too much power and too little accountability.
Without a director, the office designed to shield consumers from the excesses behind the 2008 financial crisis is unable to operate at full strength.
With voters set to begin selecting a Republican presidential nominee in less than a month, President Obama suggested the disagreement is another example of two parties who see fairness very differently. He said a consumer watchdog agency is critical to protecting ordinary Americans from the greed of the financial sector.
"Today, America faces a make-or-break moment for the middle class," he said, echoing a theme outlined during a Kansas speech earlier in the week. "I believe that this country succeeds when everyone gets a fair shot, everyone does their fair share and everyone engages in fair play."
Mr. Obama also reiterated his push for congressional Republicans to extend the Social Security payroll tax cut, which is set to expire at the end of the year. . . .
Republicans in the Senate have blocked the appointment, saying a single person should not head the agency?!?!?!?!? Why all of a sudden is that a problem???? Look at the Department of Defense--According to Wikipedia--
The President of the United States is, according to the Constitution, the Commander-in-Chief of the U.S. Armed Forces and Chief Executive of the Federal Government. The Secretary of Defense is the "Principal Assistant to the President in all matters relating to the Department of Defense", and is vested with statutory authority to lead the Department of Defense and all of its component agencies, including military command authority second only to the President.In addition to that look at the Department of Energy, which is typical of each and every department--According to Wikipedia---
The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet . . . .
Boehner continued: "This is no time for the same-old my-way-or-the-highway theatrics. It's no secret that Democrats and Republicans often disagree about the best way to create jobs, but we can't let those disagreements prevent us from acting when we agree."
That is absolutely true, Please,Please Mister Speaker of the House and other Republicans go to your mirrors, that is IF you really can look yourselves in the face and look at the biggest obstacle that this Nation and the Middle-Class and the Working-Class and the Poor face and Become part of the solution, instead of continuing to Be part of the Problem. The 'Republican Propaganda Show' is over, Please start Governing.