Tuesday, January 24, 2012

AMERICA - Protecting the U.S. Consumer

"Watchdog-in-Chief Richard Cordray Outlines Plan to Clean Up Consumer Lending" PBS Newshour 1/23/2012

Excerpt

PRESIDENT BARACK OBAMA: Today, I'm appointing Richard as America's consumer watchdog.

(CHEERING AND APPLAUSE)

PAUL SOLMAN (Newshour): Richard is Richard Cordray, perhaps the most controversial recess appointment in recent memory. After a long procedural battle with the Senate, the president made Cordray head of the Consumer Financial Protection Bureau on Jan. 4.

BARACK OBAMA: 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.

PAUL SOLMAN: GOP lawmakers cried foul, claiming that the Senate was open for business and wasn't on recess, even if no business took place.



How typical of the Tea Party (once known as the Republican Party), their agenda before protecting the American consumer.

Republicans: "circumvented the American people" or "unaccountable to the American people."

Translation: "circumvented the Republican Party" or "unaccountable to the Republican Party."

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