Day: July 17, 2011

Categories
Elizabeth Warren Politics

Elizabeth Warren Out As Head Of Consumer Protection Agency

Elizabeth Warren, the favored candidate Progressives have pushed over the last few months to head the Consumer Financial Protection Agency, just confirmed that she would not be the nominee. Reports indicates that President Obama has decided to go with Richard Cordray instead, and will make that announcement as early as Monday.

Mrs. Warren explained to The Huffington Post:

“Rich has always had my strong support because he is tough and he is smart-and that’s exactly the combination this new agency needs. He was one of the first senior leaders I recruited for the agency, and his work and commitment have made it clear that he will make a stellar director.”

One of the most vocal voices for Warren’s nomination voiced their disappointment. The Progressive Change Campaign Committee said;

“With her track record of standing up to Wall Street and fighting for consumers, Elizabeth Warren was the best qualified to lead this bureau that she conceived — and we imagine Richard Cordray would agree,” PCCC co-founder Stephanie Taylor said in a statement. “That said, Rich Cordray has been a strong ally of Elizabeth Warren’s and we hope he will continue her legacy of holding Wall Street accountable.”

Mrs. Warren was originally chosen by the Obama Administration to set up the mechanism need for the new agency. The Consumer Financial Protection Agency is scheduled to begin its duties on July 21st.

Because of her liberal stance, it is said that Elizabeth Warren would have never gained the Republican votes in congress necessary for confirmation if the President nominated her.

Richard Cordray is the former Attorney General of Ohio.

Categories
Barack Obama Politics Republican Tax Tax break United States

President Obama – “Wealthiest Americans Must Pay Their Fair Share!”

In his weekly address to the nation, President Obama continued his push for a balanced approach to the nation’s debt problem, and called for Republicans to agree to raising revenues along with spending cuts.

“The truth is, you can’t solve our deficit without cutting spending. But you also can’t solve it without asking the wealthiest Americans to pay their fair share – or without taking on loopholes that give special interests and big corporations tax breaks that middle-class Americans don’t get.

It’s pretty simple. I don’t think oil companies should keep getting special tax breaks when they’re making tens of billions in profits. I don’t think hedge fund managers should pay taxes at a lower rate than their secretaries. And I don’t think it’s fair to ask nothing of someone like me when the average family has seen their income decline over the past decade – and when many of you are just trying to stretch every dollar as far as it will go.

We shouldn’t put the burden of deficit reduction on the backs of folks who’ve already borne the brunt of the recession. It’s not reasonable and it’s not right. If we’re going to ask seniors, or students, or middle-class Americans to sacrifice, then we have to ask corporations and the wealthiest Americans to share in that sacrifice.”

The President:

Categories
Democratic Republican United States Wisconsin Wisconsin Union Bashing

Wisconsin’s Governor Scott Walker Admits He Made A Mistake

Scott Walker and his Republican goons instituted some of the most radical right winged policies Wisconsin has ever seen, but what caused the Republican governor to admit he made a mistake was not the policies themselves – policies that caused hundreds of thousands to protests on a daily basis and to takeover the assembly house for weeks – Walker admitted to being sorry about the method in which he implemented his agenda.

“Aside from criticism by those who thought Walker was unfairly undercutting state worker rights, he and his fellow Republicans came under fire for tactics seen by some as bullying and not allowing for sufficient debate or possible compromise.

“The mistake I made early on is, I looked at it almost like the head of a small business: identify a problem, identify a solution and go out and do it,” Walker told Reuters at the National Governor’s Association meeting in Salt Lake City.

“I don’t think we built enough of a political case, so we let … the national organizations come in and define the debate while we were busy just getting the job done,” he said.

It’s not how you forced your policies on the people of Wisconsin that have you polling among the lowest governors in America Mr. Walker, its your policies themselves.

Six Republicans who helped Walker push his union busting policy on Wisconsin’s middle class are facing recalls in August. Walker himself must serve one year before he is eligible for recall, that happens in January of 2012.

Exit mobile version