Intro: "President Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter."
Consumer Financial Protection Bureau head Elizabeth Warren testifies on Capitol Hill before the House Financial Institutions and Consumer Credit subcommittee. (photo: Harry Hamburg/AP)
Bloomberg Reports: Obama Eliminates Elizabeth Warren
16 July 11
Bloomberg is reporting that President Obama has eliminated Elizabeth Warren as a candidate to head the Consumer Financial Protection Bureau. The story has not been confirmed by the White House. The sources are "persons" and the information at this writing has not been verified. Due to the gravity of the confirmation decision, and our readers' interest in the story, we have decided to publish the article while we wait for further confirmation. -- CW/RSN
resident Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter.
The president's choice is a person who already works at the consumer agency, the person said today. Obama may make the nomination as soon as next week, another person briefed on the administration's plans said.
The people, who spoke on condition of anonymity because the process isn't public, didn't give the name of the choice.
Elizabeth Warren, a Harvard professor, was appointed last fall by Obama to set up the consumer bureau until a director was named. Warren previously was head of the congressional watchdog panel overseeing the bank bailout.
Raj Date, a top deputy to Warren at the consumer bureau, was on a short list of candidates to become director, Bloomberg News reported last month, citing a person briefed on the process.
The consumer bureau, which is to begin formal operations on July 21, was established by the 2010 Dodd-Frank financial-regulatory overhaul to fill what lawmakers said was a gap in oversight of products whose abuse contributed to the 2008 credit crisis, including mortgages and credit cards.
The bureau's director requires confirmation by the Senate. After 44 Republican senators announced in May that they wouldn't vote to approve any candidate to run the bureau without changes in its structure, analysts said the White House might have to resort to a temporary appointment during a congressional recess. Sixty of the 100 senators are effectively required to vote for a nomination due to procedural rules.
Consumer bureau spokeswoman Jen Howard declined to comment, as did Jen Psaki, a White House spokeswoman.
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The "D"s allowed to disenfranchise 50,000 mostly African-America ns, in Florida and 2000. That was done by Kathy Harris and Jeb Bush.
They allowed the "R"s to stop the vote count with tactics such as the Congressional aides "Brooks Brothers" riot.
The Bush/Reagan hacks on the Supreme Court prevented the count from continuing.
Dave McReynolds got enough votes in Florida in 2000 to change the results of the race.
If progressive voters hadn't been so alienated by some of the Clinton/Gore stunts, particularly the passage of NAFTA and 85% incarceration legislation, they wouldn't have cast so many protest votes.
If progressives hadn't been put off by Gore's choice of Lieberman, they wouldn't have cast protest votes.
If all those Jews in Dade County hadn't mistakenly voted for Nazi-sympathize r Pat Buchanan, Gore would have been president.
If those ballots where voters had checked Gore/Lieberman and then written in the names had been counted, Gore would have won. The "D"s let them get away with it.
Blaming it on Nader is just plain stupid.
Not just stupid...infant ile.
As for the economy, regulations have been weakening since Reagan and Clinton had a part in it too.
Pro Life / Pro Choice has done nothing but contribute to a big smoke and mirrors mis-direction game in federal two-party politics.
We get a Democrat WITH GUTS to fight Obama for the DEm Nomination. The Repubs. have NO CHANCE of winning in 2012. If we get Bernie Sanders or someone who will actually FIGHT FOR THE MIDDLE CLASS, WE will still win the presidency in 2012. What the HELL is wrong with progressives? We HAVE to FIGHT AT LEAST AS HARD as the ReTHUGS fight. We have been PUSHED WAY TOO FAR to the Right.
Oh hell, I'll do the job if you guys really want me to ... ;-})
The Republicans will not accept anyone who challenges their view of the world.
What if maybe, this will allow Warren to make the decision to run for Senator, as has been opined? Instead of making the president's job harder by saying things like we won't vote if he doesn't do exactly what we think he should do, or could do, why aren't you, or we storming down the doors of the effing bastards that are Boehner, McConnell, Cantor and the entire TeaParty whackos?
There is talk she is being recruited to run against Scott Brown.
I have worked with and for the Dem Party in my state for the past 7 years. I am done...
Peace
AMEN, AMEN, AMEN!!!!!! A REVOLUTION is the ONLY SALVATION left for America!!!
If "we" the "Democrats" win, they'll either act exactly like Obama, bush, Clinton, etc. or they'll slip in the tub on a bar of soap (as will their next generation). Not a difficult choice to make by anyone...even you. If they believed only one thing in their Bible, the thing about GREED, this would be a different world. While I'm on it, (the Bible, Religions,etc.) with all of them putting humans above all other life and things, including the Earth Mother, where else would we be in such a short time in this country's history? Greedy?, want riches? You're the Steward, its all there for you. Protect and enjoy or rape and hoard, its your choice. I rest my case, seems as though we only have the Rape and Hoard Party option again this year. R&HP 1 or R&HP 2, Sorry, I guess you'll just have to wait another 4 years.
Quoting Digusted:
YESSSS!!!!!!!
BTW - name me ONE there who we can call ethical/princip al?
I can count the number of real Democrats holding national office on one hand.
We have a two-headed, one party system in Amerika, today. Our Founding Fathers are all spinning in their graves.
Still I am calling the White House to register my displeasure with his refusal to appoint her and fight for her confirmation.
I have assumed that she is willing to go through a brutal, abusive confirmation process at the hands of ignorant ideologues.
Actually there is another way that he could appoint her, but he won't. The President has the power under section 4 of the 14th. Amendment to adjourn congress whenever they can't agree on a time that they both will recess. He could adjourn them and appoint Elizabeth Warren, but he would think that wasn't "bipartisan" enough.
I still can't help but wonder what his presidency would have been like if he would had some blockers. The idea of the president being the head of the party seems to have been thrown out right after the ballots closed in 2008. Instead of the president setting the agenda, Democrats in congress have taken turns opposing him on every issue under the sun. It seems like most of the other elected democrats are happy to collect the money he can bring in, but still have no problem screaming as vociferously as tea party folk when they think "distance" is to their benefit.
He has made some regrettable choices, but his hands have been tied by his own team.
Maybe she'll run as a progressive against Scott Brown in the 2012 senatorial race in MA. She's too good to sit on the sidelines.....( replace Geithner???)
Iranian protests, giving up on the Pubic Option on Health Care. tax cuts for the wealthy, Pursing Tom Drake -- a real patriot who spoke out, becoming a patsy for compromise with the Republicans that want to destroy him, and now this?
And who else is there to vote for? I'd say that until there is a deep and wide outrage it will be business usual in DC politics.
Unless
Nominate her and THEY will come (us, the voters).
And, if we don't come and obama loses because of the division, what have we lost? A liar. A political fantasy wrapped in bullshiat and deceptive coloration. The same people who brought us Afghanistan and Iraq and STILL wish to bring us Iran. Who wish to take all we have and make us economic serfs?
If we got one of those flatout repub nutjobs, would we be worse off? Not at all. We would be that much closer to simply 'removing' ALL of them. They WILL persist and they WILL awake the "sleeping bear" and THEIR legacy will be a new America and a fresh perspective on 'freedom' and what it takes to maintain it against psychopathic Greed.
We must take back ALL they have stolen from us and show them what the American People do to vermin who would OWN us. It's delousing time People, SADDLE UP!!!
WARREN FOR PRESIDENT!!
WARREN/PAUL 2012!!
Whaddya think? Do We, as a People, still have some surprises for the parasites? I believe in US, do you?
I like it and have long felt that she would be an ideal candidate for national office. A pairing with Ron Paul would touch a national chord with disenchanted Democrats, Progressives, Independents as well as conservative Republicans.
Perhaps Ms Warren is not ready to go for a 15 month temporary appointment, when a Senate-approved appointment would be for 5 years.
Or, perhaps she has been persuaded to run for the Senate -- let's hope!
In any event, why do we progressives grab every opportunity to hang this president out to dry, and do it on every rumor?
Shame on us!
If Obama went along with this alternative
and picked Warren among three more others like her to make up this board I think that would be acceptable.
Now if Obama will appoint Warren to the Supreme Court when one of the conservative justices retire, then Obama may win back some of what he has taken away from all of us who worked so hard for his 2008 election - something I certainly wouldn't do now.
You think things suck now just wait until a RepubliCON gets in the White House with a split Congress, both Senate and House.
Crickey people! Get a grip! It is terrible to vote for the better of two evils, but a RepubliCON????? !!!! OoooohNoooooo!
www.whitehouse.gov
I swear obamabots live to defend any and all of barry's capitulations no matter what. Obamabots are the other side of the coin to the people who voted for bush twice. Both are people who vote for image over policy. Both are utterly brainwashed by bandwagonning & the lesser of 2 evils propaganda.
Well quess what? The lesser of 2 evils is STILL evil and your one vote won't change the election either way so you might as well vote for your actual interests and someone who will actually defend them... a revolutionary concept nowadays.
Or don't.. and keep getting what you got. For myself I'll be proud to 'throw away my vote' and only vote for candidates I actually believe in (Feingold, Gravel, Grayson, Sanders, and a few others) even if I have to write them in. At least I'll be able to look myself in the mirror on November 7th of 2012 with a clear conscience.
So, what do we do with our collective anger besides write these comments? Does action come to mind or is it just more bitching and moaning?
If it's action, say so. If action is not your cup of "tea", I guess you'll just keep on. Remember, doing the same thing over and over again and expecting different results is called "insanity."
ElliotH
Time to run someone else in the primaries and beat him right out of the running. Let them spend their money - we go house to house and gather the votes on integrity and protecting American Democracy.
Only ONE choice left: an AMERICAN SPRING.......Th ink Wisconsin.
GIven Obama's questionable policies in office, I believe your argument comes down to finding him the lesser of two evils. If so, I agree with you. Nevertheless, two questions remains that I pose to those who adopt this argument: What policy/politica l line would Obama have to cross for you to no longer support him? (This is akin to asking if you would vote for Gingrich if the alternative was Cheney.) And if he did cross it, would you then vote Republican? I sympathize with your concerns, but I find 3rd part candidates looking more appealing every day.
Between a rock and a hard place? On the horns of a dilemma?
The whole world wonders, is Obama what he presented himself to be before becoming President, or is he just another man who lost his shadow on the way up?
Kathleen
Work for change if you want to sit in front of your computer and rant and rave... then you are not doing anything for this country. Get off you duffs and DO SOMETHING.
the guy who made the dumb remark about the jews in dade county better check his history. i was the democractic whip in southern broward cuunty, and we got out ninety nine percent of the registered voters, easily beating every other county in the entire country. check it out..the mess up happened in palm beach county where there was a "butterfly" ballot that was approved by a democratic staff up there. i can not make an accusation online, but it was either stupidity, or something else. the ballot made it that the democratic candidate, gore, was third and not second as he should have been. it was a very easy mistake to make, and the guy who talked to that issue may have made that mistake, too. it was an assumtion that gore was second on the ballot which he is supposed to be. you can 't get a revote, and the supreme court gave it to bush. where did gore stop fighting? he did all he could, but gave away the election by playing it safe.
Please, real McCoy progressives with the background/expe rience/knowhow, run for office in 2012 while simultaneously giving all supporters the warning that mass election fraud and disenfranchisem ent is not the m.o., with the G.O.P. nearly totally taken over greed and power addicted villainaires, and the Dems. heavily infiltrated, with more than just a few fake Dems.
Time for us to wake up, take off the blinders, and.....
UNDO THE COUP!
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