President Obama today did what Republicans in Congress refused to do simply because of their political ideology. He bypassed the broken system in Washington and installed Richard Cordray to head the Consumer Protection Agency.
“When Congress refuses to act, and as a result, hurts our economy and puts our people at risk, then I have an obligation as President to do what I can without them,” the President stated as he addressed his supporters in Shaker Heights, Ohio. “I’ve got an obligation to act on behalf of the American people. And I’m not going to stand by while a minority in the Senate puts party ideology ahead of the people that we were elected to serve.”
Congressional Republicans’ refusal to even schedule hearings on Mr. Cordray’s appointment falls in line with their obvious hypocrisy as the Consumer Protection Agency is all about protecting consumers and that is something Republicans will not do. The President said it best today, “The only reason Republicans in the Senate have blocked Richard is because they don’t agree with the law that set up a consumer watchdog in the first place.”