President Obama used his weekly address to tell the American people that things will be better if everyone gets a fair shot at the resources necessary for success. He points out that the rich already have a multitude of lawyers and lobbyists in Washington working on their behalf.
That’s why he nominated Richard Cordray to head up a brand new consumer protection watchdog agency, whose sole purpose is protecting consumers from the unscrupulous predatory ways of Corporation. But surprise, Republicans have blocked Cordray’s nomination too.
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.
Republicans have also stood in the way of a balanced plan to extend the payroll tax cut for working families – and the President made it clear he believes that elected officials should not go home for the holidays until they’ve done what is right for the American people and for the economy by extending this tax cut.