Obama to name consumer chief bypassing Congress
Richard Cordray, pictured here with Treasury Secretary Timothy Geithner at a press conference on December 1st.
January 4th, 2012
11:55 AM ET

Obama to name consumer chief bypassing Congress

WASHINGTON (CNNMoney) - In a move that has angered Republicans, President Obama is expected on Wednesday to make a recess appointment of Richard Cordray to be the first director of the Consumer Financial Protection Bureau, sidestepping the Senate confirmation process, a senior administration official tells CNN.

The president is expected to make the official announcement at a 1:15 p.m. ET speech in Ohio, where Cordray served as attorney general.

Last month, the Senate failed to muster enough votes to take up confirmation of Cordray to run the consumer bureau, with all but one Republican voting against the move. At the time, President Obama hinted that was considering such a recess appointment.

News of the impending recess appointment spurred a flurry of angry statements from GOP leaders who have been trying to block a recess appointment for more than seven months.

"President Obama, in an unprecedented move, has arrogantly circumvented the American people by 'recess' appointing Richard Cordray as director of the new CFPB," said Senate Minority Leader Mitch McConnell in a statement.

At stake are vast new powers the Consumer Financial Protection Bureau can't wield without a director. For example, the bureau can't regulate financial products from non-banks, including student loan providers, debt collectors, payday lenders and check cashers.

Without a chief, the bureau also can't regulate mortgage originators and servicers, which played a big role in the financial crisis by providing subprime mortgages to families who couldn't afford them.

The move has sharpened tension between the White House and Republicans, who have vowed since May to block confirmation of any director unless they get structural changes to the bureau, which was formed as part of the Wall Street reform law passed last year.

Republicans had been using a little-known procedure to keep the Senate in session - even as it wasn't really conducting any business - in order to stop the president from making recess appointments. Their basis for the move comes from a non-binding Department of Justice brief from 1993 that states Congress should be in recess for more than three days before the president makes an official recess appointment.

Until now, Obama has not tried to challenge the GOP's effort to block his recess appointments. However, legal experts have said they believed Obama had the authority to make such a recess appointment despite Congressional attempts to block him.

GOP leaders say they don't think Obama has the power to make a recess appointment, given their moves. Senate Minority Leader Mitch McConnell said Cordray's appointment is on "uncertain legal territory," in a statement.

And House Speaker John Boehner went a step further stating he expects "courts will find the appointment to be illegitimate," in a statement.

Republicans say their objection to Cordray's nomination has nothing to do with the nominee.

Instead, they want three big changes to how the bureau is overseen. They want to replace the director with a board; make the bureau ask Congress for money each year; and gain more power to overrule the bureau.

–CNN's Adam Aigner-Treworgy contributed to this report.


soundoff (110 Responses)
  1. DAK

    Good! It is about time President Obama went around this sorry, do-nothing Congress. If it were me, I would fill EVERY vacancy all at once in ALL the departments to include the judicial brance appointments. All as recess appointments and then I would tell the GOP to KMA.

    January 4, 2012 at 12:06 pm |
    • jerry

      you seem to be very shortsighted...obama had it all his way for the first 2 1/2 years...and look where it got us (the hard working, taxpaying Americans).

      It appears you mean this comment toward the democrates who hijacked the party into the socialists party of the US.

      January 4, 2012 at 1:54 pm |
      • jean2009

        @geraldine Again with the trying to rewrite history. FYI Fiction is never truth.

        January 4, 2012 at 2:34 pm |
      • lisa2010

        you didn't mention the big debt that Bush left for the next president, two unpaid wars, medicare Drug and the Bush tax cuts... this was a debt that needed to be dealt with, and even with the democratic party having the largest majority, look what happen when the teaparty republicans came into office in 2010, it became worse... so why blame one party which by law congress makes the final decisions... get your facts straight, this is one thing the president did without the do-nothing congress that would protect the american people... why are the republican senate trying to block it, is it because THEY are doing the dirty dealings with this big banks???? it all makes sense, since they don't want to raise the taxes for people who makes over a million dollars...THINK ABOUT IT!!!! If congress can get the scoops on what is on wall street before the public has it, and invest in it.... what makes you think that they are for the american people, they rather take front stage before people who invest in the stock market gets whatever stocks will sell or what to buy.... they are trying to protect their own interest...

        January 4, 2012 at 3:24 pm |
      • DAK

        No, I didn't forget anything as what you said isn't true. President Obama has had nothing but obstructionism from the GOP since day 1 and they (the GOP) even went so far as to actually say this was their main goal. Their NUMBER ONE goal was to make Obama a one-term president. Not jobs, not the economy, not the wars they started, not anything else but making the president look bad and they have said anything (remember "This wasn't meant to be a factual statement" which translates into "This is a lie.) Which is pretty typical from the GOP and the right... "Easy as pie; just lie" if their motto. Is it yours too?

        January 5, 2012 at 11:41 am |
      • tnana

        Jerry, the people of the United States of America are damn sick and tired of the NO republican party. They have shown over and over they are not there to do anything FOR the people of the United States of America, but to make Obama a one term President. Big news flash for you, the People of the United States of America are damn sick and tired of it. I say bravo Mr. President!! I also agree he should have filled every vacant post. The GOP is in for a big surprise in November, the People of the United States of America are taking back congress so the work of the country can be done.

        January 5, 2012 at 4:29 pm |
      • Judya

        what it is it is . . . he gets all "HIS DUCKS IN A ROW "Just another duck. / czar what have you. Just another one getting paid off the taxpayer treasury. He is not a good pres. can you see him as community organizer? oh sure. He has a lot to be desired. I think he should be a employment counselor. Good at that. Increased the govt. employees by 1/3. how about "comparison shopper". . . (spending)

        January 9, 2012 at 4:08 pm |
      • Judya

        what it is it is . . . he gets all "HIS DUCKS IN A ROW "Just another duck. / czar what have you. Just another one getting paid off the taxpayer treasury. He is not a good pres. can you see him as community organizer? oh sure. He has a lot to be desired. I think he should be a employment counselor. Good at that. Increased the govt. employees by 1/3. how about "comparison shopper". . . (spending) i think saying it twice may inform dfbl the amt. of people

        January 9, 2012 at 4:11 pm |
  2. durundal

    Good for our president, I think the bureau has the potential to do much good for this country by alleviating much of the asymmetrical information that has invaded our markets. That said, both sides do have legitimate concerns so it looks like time will tell as to how well this new agency functions

    January 4, 2012 at 12:09 pm |
  3. J

    As ususall, another expensive taxpayer funded agency that we won't be able to get rid of that our children and grandchildren will have to pay for with more borrowed money. More Big Government, less power to the people. Sad but a continuation of the Presidents power away from the people policies.

    January 4, 2012 at 12:21 pm |
    • jean2009

      Whine...whine....didn't you really mean with more consumer protection there will be less power for the crooks? Who have you been ripping off J?

      January 4, 2012 at 2:36 pm |
  4. Pat in Raleigh

    Hurray!! Finally Obama has realized the necessity and mustered the courage to fight the continuing deliberate Republican blockade with the only effective tool available to him. Insodoing he is also FINALLY responding to the desperate need of the American middle class for meaningful protection from the greedy 1% who pad their gold-llined pockets through unregulated chicanery while millions more US citizens each day lose their jobs, go homeless and starve! This is an example of Obama actually rising to meet the needs and answer the pleas of the majority of Americans, NOT as our greedy overlords' stooge Mitch McConnell, says of his going against the wishes of the majority of Americans. Regulatory controls are absolutely necessary to end and reverse the continuing abuse of the capitalist system to subvert democracy and enslave/destroy the middle class . . . without which democracy cannot survive.

    January 4, 2012 at 12:22 pm |
  5. EMP

    <>

    Perhaps there was a time when Congress could actually have been seen as a representation of the American people, but now it's just a representation of Big Business and the American people's tendency toward uninformed, reactionary voting. While this bureau won't fix the economy, it takes great strides toward preventing the repetition of the same circumstances that created this massive recession in the first place. The GOP want to defang the bureau to ensure that they can keep it from doing its job because the less the lower and middle class can be taken advantage of, the less money the upper class stand to make.

    For anyone out there still held in sway by the delusion that the answer to fixing the economy is to deregulate business, it was the steady deregulation of business and our financial markets by both parties over the past 30 years or so that allowed the events that took down our economy to happen. No, really. Read something other than your GOTeaParty leaflet for a change.

    January 4, 2012 at 12:30 pm |
    • jean2009

      You are sooo right.

      January 4, 2012 at 2:32 pm |
    • Pat in Raleigh

      Amen!

      January 4, 2012 at 5:06 pm |
  6. Jason

    @DAK...Wipe them all out INCLUDING the President and start over with a bare bones government. We don't need the government protecting people from themselves.

    January 4, 2012 at 12:32 pm |
    • HawaiiGuest

      The biggest threat to all people is......other people. Not surprising when you look at history.

      January 4, 2012 at 2:27 pm |
    • NC Girl

      This is a ridiculously simplistic, knee jerk reaction that benefits only the top tier, privileged members of our society and leaves anyone struggling to survive in the dust – without food, without shelter, without decent schools, without medical care. And, NO, they are not there because they are lazy. And they are not there because they are black or Latino or any other minority. And, NO, not all their mothers are on drugs. Most welfare and food stamp recipients are WHITE. And you know what else? What goes up, can come down. You, my friend, could find yourself in need of help tomorrow through no fault of your own, just plain bad luck. So – will we leave you in the cardboard box in the alley, shivering and starving? No – because we are Americans, and that's not how we roll. Too bad you can't see the value of having that safety net. I'll be kind and say I hope you never have need of it.

      January 6, 2012 at 4:17 pm |
      • NC Girl

        Response was to Jason. The bare bones government you are espousing shows zero mercy for those less fortunate.

        January 6, 2012 at 4:25 pm |
  7. Dody

    Thank God! Getting someone in to oversee all the new regulations is the ONLY way to stop a repeat of the financial disaster we are now very slowly recovering from. It's obvious the folks with the money will never regulate themselves. I cringe when I think about what the seven month delay in confirming a candidate for this post has caused that we may not even be aware of yet. Good for Obama. I'm glad to see some chutzpah.

    January 4, 2012 at 12:41 pm |
  8. darrell

    Way to go Mr. President keep this going. the do nothing Republican Congress keeps stalling everything to try to make you look bad. They have failed, but keep moving on to get things done. The American people are tired of the politics the blustering and the do nothing Republican Tea Party Congress. Get things done and don't wait on the The Republican Tea Party.

    January 4, 2012 at 12:49 pm |
    • NJ Mike

      Darrell, you do realize, that the Senate is in Democrat hands?
      I mean, you do get news in Mom's basement, right?
      Every day the left is in power, the Republic dies a little more.

      January 5, 2012 at 2:46 pm |
      • DAK

        While it is true the Senate has a D majority, it is far from true to say the D's control the Senate. Not when it takes 60plus votes to do anything. In case you haven't been paying attention, the GOP has over 40 seats so they filibuster every single thing they can... even bill they (the GOP) supported under GWB! The GOP has said they will do anything to make Pbama a one term president... ANYTHING. They would sell their own mothers into prostitution if it meant a Republican would win the WH in 2012. Just look at Santorum for proof of that.

        January 5, 2012 at 4:32 pm |
  9. Pat in Raleigh

    Hurray! Obama has finally, albeit belatedly, recognized the necessity and summoned the courage to address the needs of the majority of American citizens by circumventing our useless congress, which is nothing more than a wholly-owned subsidiary of the wealthy 1%. Regulatory agencies have been systematically rendered powerless by these stooges of our greedy overlords over the past 30 years, while the masters lined their pockets with gold. Now millions more American citizens lose their jobs and go hungry and homeless each day as the middle class is bled dry through unregulated chicanery in the markets and banking industry. Mitch McConnell, the loudest mouthpiece of the greedy 1%, is spewing his usual blatant lies in saying the President "has arrogantly circumvented the American people by 'recess' appointing Richard Cordray as director of the new CFPB." For once this President is heeding the desperate pleas of the majority of American citizens for protection from the abuses of a completely unregulated, unfettered capitalist system that is systematically killing the very "goose that laid the golden egg" and subverting what little actual democracy ever existed in our primarily plutocratic nation. Remember the warning we all learned in school . . . "Democracy cannot survive without a thriving Middle Class!"

    January 4, 2012 at 12:52 pm |
  10. Derrick

    What is amazing to see is the vitriol from fox and the racist rants against Obama. This would help the american people especially the middle class and the poor but yet some of these morons rants against it......

    January 4, 2012 at 12:53 pm |
    • JP

      Ok Derrick, time to put away the racist card, it's been overused and unwarranted. Why is it that you and so many other Liberals spend all of your time attacking FOX News?? They don't make or enforce national or local policy, they just report on it – get off you butt and get involved if you have a passion, otherwise get a job (yes, any job and stop waiting for a "Management Position") work you ass off and make something of yourself – it's not everyone else's falt!

      January 4, 2012 at 1:23 pm |
      • Larry in Houston

        all you have to do is watch Hannity – he's never addressedhim as "our president" or have any respect for the office. The only reason that they say that they are "fair & balanced" is because of Bob Beckel & Alan Colms – IF cnn ever offers either one of them a Job – that "fair & balanced" thing would be history. Too bad cnn have lost John Roberts.
        he was a great reporter. (still is)

        January 4, 2012 at 2:41 pm |
    • jsmoulder

      Get past racism, That is not what is going on. Grow up you liberals.

      January 4, 2012 at 1:39 pm |
      • jean2009

        No one can get past it when that is what it is.

        January 5, 2012 at 1:08 pm |
    • Maria

      Please....get off the race card already. The fact is Obama has failed to lead our country. Has nothing to do with race. When Obama was Senator he was very critical of Bush when he appointed cabinet members without congress approval. Say whatever you want, Obama is a divider, a vilifier of anyone that disagrees with him, and his perception of compromise is to agree with him. He is dividing and conquering, like the dictator he is. He is vilifying success and hard work, and pits the poor against the so called rich. It's the only way he can win.I hope people wake up before it's too late.

      January 4, 2012 at 1:40 pm |
      • lisa2010

        OBAMA IS NO DICTATOR!!!!wait till Romney gets into office, (if he does) and with McCain on his side, we'll be going into a WWIII with Iran or North korea... McCain wanted some of the soldiers to stay back in Iraq, even though the leader of their country couldn't guarantee immunity.. I think McCain is a gung ho Patton who really doesn't care about our american soldiers out their, but POWER within the world... and Romney as president, it'll be worse... have anybody got their nuclear shelter ready, yet????

        January 4, 2012 at 3:34 pm |
  11. bettyboop33

    Way to go President Obama...great way to deal with this DO NOTHING congress.

    January 4, 2012 at 12:54 pm |
  12. Pat in Raleigh

    No surprise that my "comments are awaiting moderation" . . . CNN is now one of the LEAST objective news channels on TV. Evidently they're now being "controlled", too, as has become painfully obvious to anyone viewing their daily so-called coverage of the news.

    January 4, 2012 at 12:55 pm |
    • Larry in Houston

      @ Pat – they do the same thing to me.

      January 4, 2012 at 2:35 pm |
      • jean2009

        It is equal opportunity as it happens to everyone.

        January 5, 2012 at 1:11 pm |
  13. Rick McDaniel

    This is how dictators behave...........and we have a dictator in the WH.

    January 4, 2012 at 12:56 pm |
    • Duane Leamer

      I do believe that Obama has made fewer recess appointments than any of the previous four presidents. If McConnell would allow any votes for confirming nominees that Obama puts forth he would not need to use this tactic.

      January 4, 2012 at 1:22 pm |
    • Mary NJ

      You may be interested in other past "dictators" in the White House:
      According to reports from the Congressional Research Service, during their time in office President Ronald Reagan made 240 recess appointments, President George H. W. Bush made 77 recess appointments, President Bill Clinton made 140 recess appointments, and George W. Bush made 171. Obama's first term has seen a paltry 28.
      I'd like to see Obama close the gap and make as many recess appointments as he can during this "recess" of the DO NOTHING Congress

      January 4, 2012 at 1:44 pm |
      • Steve Snow

        It doesn't matter who made how many, the question is: Is it right to do this by not following the checks and balances set forth for this?

        January 4, 2012 at 3:44 pm |
      • Steveo

        Steve,

        It is legal! If Congress doesn't like it, maybe they need to show up for work! George Washington was the first to use a recess appointment!

        January 4, 2012 at 6:13 pm |
      • jean2009

        Theodore Roosevelt made 160 and under the Constitution Article 2, Section 2, Clause 3, The Constitution states that
        “[t]he President shall have Power to fill up all Vacancies that may happen during the
        Recess of the Senate, by granting Commissions which shall expire at the End of their next
        Session” (Article 2, Section 2, clause

        January 5, 2012 at 12:50 pm |
    • David

      how exactly do we have a dictator when he's up for reelection next year? recess appointments are nothing new. congresses can do what they can to stop them but not a single law was broken. bush made something like 170 recess appointments.

      January 4, 2012 at 2:05 pm |
    • jean2009

      U.S. Constitution Article 2, Section 2, Clause 3. He has the right.

      January 5, 2012 at 1:06 pm |
  14. Pat in Raleigh

    No surprise that my "comments are awaiting moderation" . . . CNN is now one of the LEAST objective news channels on TV. Evidently they're now being "controlled", too, as has become painfully obvious to anyone viewing their daily so-called coverage of the news. Funny how the "rules" published on the CNN comments page says "Comments are not pre-screened before they post." . . . hmmmmm

    January 4, 2012 at 12:56 pm |
  15. Pat in Raleigh

    No, Rick McDaniel, we have a dictatorial "class" of wealthy industrialists and financiers who OWN Congress.

    January 4, 2012 at 1:00 pm |
    • jean2009

      Thanks for nailing that.

      January 5, 2012 at 12:52 pm |
  16. Wynona

    Thank GOD!! Its about DARN TIME!! I am so sick and tired of Mitch McConnell, John Boerner, Eric Cantor and their GOP cronies playing games with the american people lives with their unrelentless obstructionism . It is downright UNAMERICAN. These bafoons need to be VOTED OUT because they are so H8ll bent on destroying obama that they are destroying this country because president obama can't govern. Itis utterly ridiculous that they continue to play these games with filibustering everything and everybody. That is not what that rule is made for. They are totally abusing it and it will come back to haunt them in the future if a GOP win the white house in 2016 (It won't be in 2012) or if the GOP wins the Senate, the democrats will do the exact same thing to them. You live by the obstructionism you die by the obstructionism. You looke at all the judges, appointments that are currently in limbo for months and even years because of the GOP games. ENOUGH IS ENOUGH. President Obama won overwhelmingly in 2008 and was given a mandate to GOVERN this country and nomintate, appoint and even recess appoint folks he wants running departments. If you don't approve of them that is YOUR PROBLEM but each deserve and an up or down vote PERIOD!! STOP PLAYING FREAKING GAMES!!

    It is time for the American People to rise up this November 2012 and vote these folks out of office. President OBama needs a congress that will work with him, compromise and be willing to put the country above politics and party.

    Read more: http://www.politico.com/news/stories/0112/71076.html#ixzz1iVwdHrc3

    January 4, 2012 at 1:08 pm |
    • jean2009

      Thank you Wynona! And thank you Mr. President for appointing Richard Cordray, he is a good man.

      January 4, 2012 at 2:24 pm |
    • Larry in Houston

      make sure you also look at all the other dirt bags that keep getting re-elected, year after Year, after Year – Term after Term. States like : Ohio (Boehner) Ky ( McConnell) Va ( Cantor) Iowa (Grassley) Utah (Orrin Hatch)
      check to see what they are promising their states as far as "earmarks" They are all scumbags, all of them !!
      Those people will make sure they "slip in" an "earmark" in bills that is supposed to do something else, and they end up getting millions of dollars t go to their States ! for whatever they want. new roads / libraries / bridges / new schools / state parks / & the list goes ON !!

      January 4, 2012 at 2:33 pm |
      • jean2009

        @Larry As much as I agree with you that Boehner, McConnell, Hatch, Cantor and Grassley are scumbags, I will not complain about states receiving earmark money to do worthwhile things like building schools, libraries, roads, bridges, etc....good grief man that is what we should be doing with our tax money.

        January 5, 2012 at 1:00 pm |
      • C-Lo

        Larry, 2 things–

        1. I notice you "conveniently" leave out folks like Pelosi, Reid, (formerly) Kennedy, Byrd, Leahy, Frank, Dodd (shall I go on?); and,

        2. You rail against them for earmarks like roads, bridges, libraries, schools, public space...correct me if I am wrong, but aren't those EXACTLY what most of us think GOVERNMENT is supposed to provide?????

        I know, you're just angry because they have an R by their name.

        January 5, 2012 at 3:03 pm |
  17. MidloAngel

    It's about time Mr. President. Time for play is OVER!

    January 4, 2012 at 1:18 pm |
  18. Scott

    Once against this socialist, has stepped all over the constitution. He is a COWARD, he waits till Congress is recessed to pull his little stunt. I am sure congress will block all funding and file suit. IF I was Congress they would be no more funding for this Presidency period. Obama is a pig.

    January 4, 2012 at 1:23 pm |
    • HawaiiGuest

      Well Scott maybe you should bring up George W. Bush on charges as well...seeing as how he made 170 or so recess appointments during his time in office. Or could it be you just wanted to shout partisan talking points to incite people and make yourself seem all important. The term puffed up poppinjay comes to mind.

      January 4, 2012 at 2:35 pm |
      • lisa2010

        you'll also be one of the do-nothing congress, and just sit back and collect on the taxpayer money to pay your wages... lets see whose the pig...YOU HOG!!!!

        January 4, 2012 at 4:05 pm |
    • lisa2010

      if You were congress you;ll be out on yourA%#@!!!!

      January 4, 2012 at 4:03 pm |
    • Trace

      ....a post from "fox troll of ignorance"....I say you are an imbecile. Name calling of the president by someone of your miniscule personal achievements reminds us all, just how much our educational system has failed us. Go lay down Scott, hopefully to awake with some modecum of sense.

      January 5, 2012 at 2:10 am |
  19. Jill-IN

    Our Congress has sat on its a_ _ for 2 years refusing to confirm appointments, refusing to allow normal debate and an up or down vote on legislation. We the people deserve a Congress that acts and performs what they are suppose to be doing instead of acting like bawling kids who whine in front of TV cameras and refuse to do their jobs. I for one hope the party of No and Hell No soon comes to an end.

    January 4, 2012 at 1:25 pm |
    • MN

      So the Democratically controlled Congress up to 2010 did nothing to confirm appointments? News to me. Ask yourself "do you believe in checks and balances"? We the people spoke in 2010 and indeed voted in "checks and balances" to this run away administration.

      January 4, 2012 at 1:36 pm |
      • Steve Snow

        It is nice to see that I am not alone on checks and balances. I don't know when this all started are with whom, but I believe it should stop by all parties. We have a government that seems to say "If you don't like what a law says, ignore it.

        January 4, 2012 at 3:52 pm |
      • Jill-IN

        Appointments were made and approved prior to 2010. I understand checks and balances and how Congress works. I just don't agree with you.

        January 4, 2012 at 4:13 pm |
    • jsmoulder

      The Republicans have not been in control that long, So you are blaming both sides that is good for you.

      January 4, 2012 at 1:38 pm |
      • ASR

        Sadly, this misinformed / ignorant person does not realize that in the Senate a party does not have to be in power in order to block bills and appointment confirmations. Perhaps its time to go back to grade school and brush up a bit.

        January 4, 2012 at 1:57 pm |
      • Ben

        That is the more reason it is irresponsible of the republicans, in addition to them not doing their job. They have aggressively blocked every nomination the president have put fort, inspite of the fact that this nominies are very qualified. Great job Mr. President.

        January 4, 2012 at 1:58 pm |
    • steveo

      While you are only addressing this administration, the truth to the matter is the Congress has been sitting around for a whole lot more than 2 years, thus a 9% approval rating! GOP administrations have made recess appointments because the Dems just sat and then they (the Dems) turn around and holler! The same thing happened today, just switch the parties around! Recess appointments are Const-itutional!

      January 4, 2012 at 3:34 pm |
  20. Republicans are lying fools

    Shut up Rick...you negative ass...The President, the CONSTITUTIONAL LAW SCHOLAR did what the do nothing, bigoted (yeah I said it) congress wouldn't do jack off...Thier jobs, as they have been blocking everything the Black Man does (yeah I said it ). It you blind twisted faux news rush bigoted limpballs followers that sit up here and speak negative about our PRESIDENT!!! ....I'm tired of you lying pieces of s@#^& talking your trash because you can't admit the truth. :(

    January 4, 2012 at 1:26 pm |
    • Steve Snow

      The truth is, Obama is your President!!!!

      January 4, 2012 at 3:56 pm |
  21. Victoria AvgAm54

    Way to go Barack! Thank you ... I think the GOp have this staement backwards "President Obama, in an unprecedented move, has arrogantly circumvented the American people by 'recess' appointing Richard Cordray as director of the new CFPB," said Senate Minority Leader Mitch McConnell in a statement.
    THE GOP are the ones circumventing and REFUSING to listen to the American people

    January 4, 2012 at 1:30 pm |
  22. Pat in Raleigh

    Hurray! Obama has finally, albeit belatedly, recognized the necessity and summoned the courage to address the needs of the majority of American citizens by circumventing our useless congress, which is nothing more than a wholly-owned subsidiary of the wealthy 1%. Regulatory agencies have been systematically rendered powerless by these stooges of our greedy overlords over the past 30 years, while the masters lined their pockets with gold. Now millions more American citizens lose their jobs and go hungry and homeless each day as the middle class is bled dry through unregulated chicanery in the markets and banking industry. Mitch McConnell, the loudest mouthpiece of the greedy 1%, is spewing his usual blatant lies in saying the President "has arrogantly circumvented the American people by 'recess' appointing Richard Cordray as director of the new CFPB." For once this President is heeding the desperate pleas of the majority of American citizens for protection from the abuses of a completely unregulated, unfettered capitalist system that is systematically killing the very "goose that laid the golden egg" and subverting what little actual democracy ever existed in our primarily plutocratic nation. Remember the warning we all learned in school . . . "Democracy cannot survive without a thriving Middle Class!" (BTW – CNN "moderators" have twice refused to post this comment . . . so much for their being the most objective source of news!) – This comment, including the BTW parenthetical, was just published on the Washington Post Blog!

    January 4, 2012 at 1:34 pm |
    • Larry in Houston

      @Pat in Raleigh – make sure you also look at all the other dirt bags that keep getting re-elected, year after Year, after Year – Term after Term. States like : Ohio (Boehner) Ky ( McConnell) Va ( Cantor) Iowa (Grassley) Utah (Orrin Hatch)
      check to see what they are promising their states as far as "earmarks" They are all scumbags, all of them !!

      January 4, 2012 at 2:29 pm |
    • Anti Gov't Pacman

      I can see why they removed your unworthy post. This continuing rhetoric of attacking republicans is just amusing. Obama ruled the country when he had control of the legislature, shoving bad legislation down the throats of republicans unimpeded. After Americans witnessed this unchecked power which brought about increased debt, fear and distress, we received a GOP controlled house in 2010 and now the Gov't is now checked by Americans that do not want to add to the current debt, but reduce it. Democrats are not serious about shrinking Gov't, it's blatantly advertised every discussion that involves tax hikes on successful Americans. Obama and the Senate have made Federal reserve appointments that are bankrupting everyone with the monetizing of our debt. Those that complain about the rich not paying their fair share and expect to maintain their entitlements, lack of income tax or payroll YOU are being flat taxed by the Obama Administration right under your noses by inflation and it is only going to get worse!

      The interest on our National debt, if it weren't being sent overseas could fund many initiatives and help so many people, but democrats want to keep spending and slowing down the economy by pulling more out of it.

      January 4, 2012 at 3:05 pm |
  23. jsmoulder

    If the power given to a person or organization is something you would not want the other side of the isle stopping or obstructing, then what would you do if they had control of it.

    January 4, 2012 at 1:37 pm |
  24. takie

    This is what every monarch would do. Doesn't it scare the crap out of you that this POS thinks he is above all rules and regulations put in place so we don't have a Hitler regime????????

    January 4, 2012 at 1:44 pm |
    • David

      recess appointments are legal. bush made over 170 of them. and what's this about a monarch? vote him out if you don't like him.

      January 4, 2012 at 2:09 pm |
    • Really? Like, Really?

      I'm tired of uneducated people referring to our current president of the United States as a communicst, socialist, facist, and Hitler. These are all different things, and if anyone in this country is practicing facism, it's the GOP.

      January 5, 2012 at 1:24 pm |
  25. Doctor Cool

    The people that are most passionately Anti Obama are the Ron Paul supporters. Paul supporters fear Obama's abuse of power with assassination Hit Squads targeting Americans accused of terrorism and Obama's
    crony capitalism policy's and Obama Bankrupting the country. Now this abuse of power.. Don't you just love them

    January 4, 2012 at 1:45 pm |
  26. scott

    Well our stinking president has done it again. Steeped all over the constitution. ICome 2012 he will be gone. The man has no shame at all.

    January 4, 2012 at 1:54 pm |
    • Larry in Houston

      that's b/c we've got a "worthless" congress. They should only be there LESS than part time !! ( that's the only truth that Perry said, that ever came out of his mouth)

      January 4, 2012 at 2:25 pm |
  27. jerry

    And there is a photo for you...the smirking Geitner who couldn't even pay his own taxes....where is the outrage heree...wake up America to this obama mess.

    January 4, 2012 at 1:55 pm |
    • jean2009

      @ geraldine....The two people in the above photograph are: President Obama and Director of the Consumer Financial Protection Bureau, Richard Cordray. Which shows exactly how ignorant you are if you think the Secretary of the Treasury, Timothy Geithner is in that photo.

      January 4, 2012 at 2:29 pm |
  28. george of the jungle

    Who cares what the repos think? They have been and obstruction for to long. Get as many spots filled as you can .Mr President. Like what doesn't make these clowns mad? Iowa shows everyone that they have no plan and no idea who can govern. So donn't waste time get as much as you can done.

    January 4, 2012 at 1:57 pm |
  29. jerry

    Actually another obama far left appointment that had no chance of getting approval...this is the great uniter in action, the marxist president. Lets see how much damage this appointee can do in the next 12 months...

    January 4, 2012 at 2:03 pm |
  30. Ben

    Congress have failed in their obligation to the American people. Mr. President, don't wait for this do-notting congress, arguable the most incompetent legislative body on earth. Appoint all your nominies they have been blocking, and let congress go JIL.

    January 4, 2012 at 2:03 pm |
    • Craig

      Indeed Ben!

      January 4, 2012 at 2:18 pm |
  31. Craig

    Obama did the right thing since the Republicans are only for the wealthy. The middle class needs appropriate representation!

    January 4, 2012 at 2:17 pm |
  32. Larry in Houston

    It's about TIME he actually does something without that no good for nothing congress ! No Wonder why Perry says that Congress can do their Job only Part Time !! If the truth be known, congress could be there only 1/4 of the time !!

    January 4, 2012 at 2:22 pm |
    • Anti Gov't Pacman

      We are a Republic, we appoint people to represent us so look no further to blame then the end of your own arm. You make the point of a part time congress. Yes, it would be beneficial as these politicians can go back to having a real job to support themselves and yet have time to legislate as they currently cannot do to both. By having a part time Congress, we'd slow the rate that legislation is passed. Our Gov't would not evolve as fast as it has. Obama in 2008 caused so much imbalance that legislation was being passed at a much faster pace then people wanted or deemed healthy. We are dealing with the gridlock due to an attempt to self-correct the imbalance.

      January 4, 2012 at 3:22 pm |
  33. takie

    I didn't think my post would make it through, seeing as how CNN is so very biased to the left. The truth always hurts so bad.

    January 4, 2012 at 2:23 pm |
  34. Tim

    You cut off President Obama's speech to protect consumers,and, cut to john mcain endorsing romney.. you should be ashamed of yourselves.

    January 4, 2012 at 2:25 pm |
  35. Chris

    I am proud for President Obama in exercising his constitutional powers in performing recess appointments....Congress has failed in their duties. Its illegitimate to block nominations for yes/no vote....only to try and eliminate the department as a condition for the vote. Now the American people can be assured they'll be protected from the 'Gangs of New York' (figuratively). The Senate was in recess...technically.

    January 4, 2012 at 2:37 pm |
  36. denise

    OBAMA oBAMA FOR 2012 all the way.the Republicans can not do anything with Obama he is to smart for them

    the Republicans r a bunch of FOOLS.

    January 4, 2012 at 2:55 pm |
  37. Bobbi

    What is amazing in all these comments is how divided everyone seems. Every single person commenting should ask themselves this question if they don't like Obama why don't they like him? Is it because of the media and republican/tea party views on his policies and wanting to get him out of office? Is it because he is black? Or just because he is a democrat? Second if you are for Obama is it because you yourself have seen the benefits of him as a president? You are a democrat? Or you just don't hold the same views as republicans? Educate yourself first about what each level of government is responsible for and what checks and balances are in place to prevent a dictatorship because Obama is the furthest thing from a dictator? So everyone can be clear a dictator can pass whatever they want whenever they want with no opposition to anything they want to do an example of this is the former Libyan & Egyptian leaders who were ousted from power then killed or exiled.
    I personally like Obama. I know he isn't perfect no person is but when you line in support of someone or against them you should have a clear perspective as to why you are eithera supporter or detractor. No one should blindly believe or do what they are told educate yourself and form your own opinions based on facts and truthful information not half truths & inuendos from either side.

    January 4, 2012 at 3:06 pm |
    • NC Girl

      Ding! Ding, Bobbi! A lot of vitriol here that doesn't seem based on facts.

      January 6, 2012 at 10:04 pm |
  38. steveo

    Relax people! Recess appointments have been used by Presidents in both parties since Washington! McConnell should know this. The appointment is only good until the next Congress gets into session, th ethe position gets voted on and passed or it becomes vacant! If the Congress hates recess appointments so much, perhaps they need to eliminate their recesses! When Bush nominated Bolton as Rep to the UN, the Dems screamed and hollered too! Normal politics! Nothing new!

    January 4, 2012 at 3:18 pm |
  39. steveo

    Let me add this... With all the laws already on the books and agencies already existing, I 'm not quite sure what value another federal agency is going to provide. If somebody knows, let me know. The way I see it this agency is simply duplicating what already exists!

    January 4, 2012 at 3:46 pm |
  40. Todd Pollard

    This is an impeachable offence, all nomaness but be confirmed by the Congress, I hope the Republicans will start impeachment hearings to get rid of this crimminal POS

    January 5, 2012 at 12:48 pm |
    • NC Girl

      I guess we should have impeached the last five presidents as well...democrat and republican, including both Bushes. George W. made 171 recess appointments – some on VERY controversial candidates. Clinton made 139. Obama has made 29. The pro-forma session that Congress had in session on Wednesday is one of many they have used to block the appointment of ANYONE to head this department because they do not like what the new law represents. If one wanted to discuss "legalities", how "legal" is it for the Congress to block the implementation of a constitutionally passed federal law just because they don't like it? Bone up on the history of recess appointments – you'll see what I mean.

      January 6, 2012 at 5:57 pm |
  41. Frank Provasek

    George W Bush made some 171 recess appointments, he and his handlers bullied opposition with statements like "you are with us, or you with the terrorists," or, "People need to watch what they say." Not a peep of protest from the Right Wingers.

    Yet here we have an agency placed into law by Congress, but the GOP minority in the Senate has decided that the agency should not exist, and they will approve NO ONE that the President nominates EVER.

    By the way, this agency for the first time regulates payday loans, car title loans, checkwriting advances, which are aimed at the poor, the elderly, and our returning military. Interest rates of 300% or 400% are common, Loansharks never charged such outrageous rates, yet the Republicans oppose ANYTHING that protects the most vulnerable in our society.

    January 5, 2012 at 1:06 pm |
    • steveo

      Frank, Let me ask an honest question of you. Did the government really have to establish a brand new federal agency or could Congress have simply rewritten the job description of an existing agency? I am not trying to be funny or disrespectful just looking for your (or anybody else's) thoughtful and honest input!

      January 5, 2012 at 4:03 pm |
      • NC Girl

        Hey, Steveo – My understanding on this is that anything we had in place was too corrupt and ineffectual to deal with the massive overhaul required to combat the savage, creative and unprecedented financial mauling of the American people that sent us into this deep recession. I believe it is completely reasonable to create an organization from the ground up with a new edict, a new leader, new authority and new personnel to prevent ANY recurrence of this financial disaster. It's too important to the health of our country. Or if you want to get really dire, the actual existence of our country as we know it. Through the massive transfer of power we have already had to the very few instead of the many, as it should be, has rocked the foundation of everything we stand for as a society. Noam Chomsky had a great quote I think is applicable here: " The most effective way to restrict democracy is to transfer decision-making from the public arena to unaccountable institutions: kings and princes, priestly castes, military juntas, party dictatorships, or modern corporations". – Noam Chomsky, May 1998. I don't agree with Chomsky on everything – he can be pretty radical – but I believe any rational, thinking person can see the logic in this idea, and I think it's an incredibly timely thought for our current situation. I'm sure we could eliminate some departments and possibly not miss them at all, but I think this one is critical to the re-balancing of our society and the continuation of our way of life. Thanks for being thoughtful and respectful in your comments. It's sometimes unusual in these posts. I myself am not always patient.

        January 6, 2012 at 5:46 pm |
      • C-Lo

        @NC Girl–Ok, if that's your understanding, then answer this...why are we not getting rid of the corrupt/ineffective agencies? And, as importantly, why are we adding another agency who is equally corruptable/rendering it ineffective?

        This is where Dem's get in trouble with their logic, IMOP. They look for govt solutions from a gov't they claim is corrupt and ineffective. How much more ineffective, inefficient, corrupt gov't are you willing to pay for?

        January 9, 2012 at 9:35 am |
  42. elizabeth

    Let me just say that side stepping congress regardless of the reason is UNCONSTITUTIONAL. we have a constitution for a reason. we have checks and balences for a reason. its worked well for the past 100+ years. "power corrupts, absolute power corrupts absolutely" and this is a clear abuse of power.

    January 5, 2012 at 10:20 pm |
    • NC Girl

      Seriously? Our last five presidents have done this FAR MORE than Obama, and got zero crap for it. It's just not that unusual. In terms of legality, the pro-forma sessions that Congress is supposedly having were put in place specifically to block the President from filling this post. The law creating this department and this position were created legally through our legislative system. How "legal" is it for the Congress to block the implementation of federal law because they don't like what it represents?? Watch something besides Fox News and the idiotic array of Republican candidates and you might have a more balanced view.

      January 6, 2012 at 4:31 pm |
      • steveo

        You're "got zero crap for it" statement is incorrect The GOP hollers when a Dem president makes a recess appointment (like Obama just did), HOWEVER, the Dems hollered when Bush made recess appointments, particularly the John Bolton appointment to the UN. Both parties do it! It is simple politics!

        January 6, 2012 at 4:41 pm |
      • NC Girl

        All right, Steveo. I exaggerated a bit. It's never done by either side without some comment. However, the outcry and outrage here is unusual and rings false based on history. You're right about the politics. Sigh.

        January 6, 2012 at 5:19 pm |
  43. Todd Pollard

    I am so scairred for my country because I really believe that Omammy is now become a dictater and will refuse to relenqish power when he is defeated in Novemeber, and may even cancel the elections uder some protext. I pay for Glen Becks internet program at it is just chilling to hear the comparisons with other black African dictaters. There is lucklicy a rising group of patriots who will rise up and take back this country under whatever means neccessary.

    January 6, 2012 at 5:26 pm |
    • NC Girl

      Yikes. I'm not even sure I should bother responding to your comment, but I would like to calm your nerves. Glenn Beck is a well-known figure, however, you need to consult other sources besides Glenn. He's not a prophet, and what he says needs to be researched and understood through other sources. Please branch out from Glenn, or Limbaugh or Fox News if you are using them to get an unbiased view of what we and our country are up against. Glenn is notorious for claiming the sky is falling and the country is going to hell in a hand basket. He's been doing it for a long time, and 99% of his prophecies have failed to materialize. On another note, watch the racist comments. Comparing Obama to "other black African dictators" is not only untrue on a number of levels, but shows ignorance regarding Obama's birth place and governing philosophy as well as racial hatred (calling him "Omammy"?). True patriots respect the rights of everyone in our country to speak their mind, to believe what they like and to try to keep an open mind about others. That's what democracy is based on. I'm guessing I'm talking to the wall here as you seem to think that militia violence is the only way to create change in out country. I respect your right to your feelings as you are entitled to them, but your way of thinking scares the hell out of me and most other people. If you have a beef, peaceful protest and working for change in your government through elections and other lawful means are far more effective than threatening people.

      January 6, 2012 at 8:10 pm |
      • C-Lo

        I was wondering if one of you libs would take the bait on this...this post is an obvious plant by some troll trying to discredit the right. That's the problem with these blogs–there is no way to vet the posting.

        I'm sorry you bit on this, NC Girl. You seem to give some thought to what you say/opine, so ask yourself if you really believe someone would post this with the apparently intentional misspellings..."scairred, uder some protext, dictater," etc. Respecting his right to his feelings is one thing, respecting his right to a libellous post is quite another.

        January 9, 2012 at 4:24 pm |
      • steveo

        C-Lo, If CNN would require bloggers to have an account, the trolls would pretty much disappear! You nailed the response concerning my earlier post about another federal agency! As usual, I agree with you! It is a duplication of effort and waste of funding! Existing agencies could have been tweaked and revamped!

        January 9, 2012 at 4:35 pm |
  44. PaulTeaParty

    When is SOMEONE WITH BALLS going to go up to the White House with a warrent and arrest this CONSITUTIONAL LAW BREAKING so called President??? Bet SHERIFF JOE–would love to do it!!

    January 7, 2012 at 1:31 am |