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Obama bypassing Senate to appoint Richard Cordray consumer chief [View All]

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hyphenate Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-12 11:04 AM
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Obama bypassing Senate to appoint Richard Cordray consumer chief
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Source: LA Times

By Jim Puzzanghera and Lisa Mascaro

January 4, 2012, 8:25 a.m.
Reporting from Washington

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 opposition, according to a White House official.

Obamas move, to be announced during a visit to Ohio, is likely to be challenged in court as he will be the first president in more than two decades to make such a so-called recess appointment during a Senate break of less than three days.

The move is sure to infuriate Senate Republicans, who have been near unanimous in blocking Cordrays appointment. It also will anger many in the financial services industry, who strongly opposed creation of the agency.

House Speaker John A. Boehner (R-Ohio) blasted Obama's move as "an extraordinary and entirely unprecedented power grab." Senate Minority Leader Mitch McConnell (R-Ky.) said Obama had "arrogantly circumvented the American people" by breaking with long-standing precedent on recess appointments.

Congressional Republicans have been forcing the Senate into pro forma sessions every three days throughout the holidays to prevent Obama from making recess appointments. Nearly all Senate Republicans have been blocking Cordrays nomination because they want to weaken the authority of the new consumer agency, which was the centerpiece of the 2010 financial reform law.



Read more: http://www.latimes.com/business/money/la-fi-obama-cordr...



It's about time that he did this. Shit, Bush used to use recess appointments every goddamned year, especially that idiot Bolton.
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