The Road Not Taken

So today, I read this article. It's a good article, as these things go. In fact, it's difficult to disagree with anything in it: How astonishing to have a public servant who actually cares to inform the public about the inner workings of the system of crony capitalism that has wedded big government with big business. This comes at the expense of the free market that corporate lobbyists delight...

Obama Recess-Appoints Richard Cordray to Head CFPB, GOP (P)outraged

I've said it on Twitter already, I'll repeat it here: THANK YOU, PRESIDENT OBAMA, FOR RECESS-APPOINTING RICHARD CORDRAY TO HEAD THE CFPB: President Obama will appoint former Ohio Atty. Gen. Richard Cordray on Wednesday to be the first director of the new Consumer Financial Protection Agency, making a controversial decision to install Cordray while the Senate is in brief recess to avoid Republican...

House Republicans to Force Senate to Hold 'Pro Forma' Sessions to Prevent Recess Appointments

In a move which will surprise approximately no one who's been paying even the slightest bit of attention since 2006, when the Democrats re-took control of congress, the House GOP signaled yesterday that it would use a parliamentary procedure which prevents either house of congress from going into a recess longer than three days without the consent of the other house.How can House Republicans...

PolitiFact Points Out Unprecedented GOP Obstruction of Cordray Nomination

There's been a fair amount of forensics done lately on some of the "ratings" made by PolitiFact and other fact-checking agencies. Some of the criticism has been very accurate and illuminating, some of it is partisan nonsense designed to reduce the public value of facts to the level of opinions (after all, if opinions are as valid as facts, then the GOP is on much firmer debate ground).And indeed,...

Cordray Nomination Frozen But Not Dead – Will Obama Act?

Dave Dayen at FireDogLake says everything that needs to be said about the Cordray nomination as it currently stands: Describing the blockade of Richard Cordray to run the Consumer Financial Protection Bureau as a form of nullification sounds accurate to me. Cordray is almost an afterthought to this issue. Republicans disagree with the concept of a federal agency that looks out for consumers. So...

Elizabeth Warren Out at CFPB?

Bloomberg says Obama's eliminated Elizabeth Warren as a choice to head the CFPB. Wall Street Journal says something less definitive. No confirmation from other sources. No word on who the choice to head the new organization might be, if not Warren. This will be another litmus test for Obama's commitment to doing what he can do - relatively easily - for the people of this country and also (perhaps...

Making The Right Moves On Elizabeth Warren

Oops. Just realized how that sounds. Heh.On his blog at Reuters, Felix Salmon is frustrated as he catches the susurrus of capitulationist (er, I mean "cautionary") voices already growing louder on the next issue (the potential nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau). This time, it's William Cohan at Bloomberg who's sounding the retreat before battle's even...