Posts Tagged ‘blocking

02
Sep
11

‘the senate refuses to consider obama nominees’

Barney Frank (in the Washington Post): …. The president has nominated Richard Cordray, an able, experienced and thoughtful former state attorney general who has a record of achievement in protecting individuals against financial abuse, to head the Consumer Financial Protection Bureau. And the Republican minority in the Senate has announced that it intends to deny any consideration of the individual …. they will do that by blatantly distorting the Constitution…..

Cordray is just the latest capable, dedicated public servant to fall victim to a Republican mugging …. his record as attorney general of Ohio puts him in a small group of people able to act effectively to deal with the mortgage crisis. No one has raised any questions about his intelligence, integrity or dedication.

Yet his nomination will not even be fairly considered by the full Senate …. They will not confirm anyone until the Senate majority reverses itself to once again put bank regulators in a position to overrule virtually all of the policies that would be set by the consumer agency. The president is being told that the price of having a nominee confirmed is reversing himself on a major policy initiative that has already been enacted.

…. Cordray’s hearing is scheduled for Tuesday, and we’re going to see an extraordinarily qualified administrator of an important consumer protection agency be trashed by the Senate Republican minority because their primary goal is to ensure that financial institutions are not troubled by what they may see as an excessive concern for consumer fairness.

They are now refusing to confirm any recess appointment …. It is the legislative equivalent to an arsonist having set a fire and objecting to a building’s inhabitants using the fire exit.

Full article here

12
Jun
11

sabotage?

Yahoo: …As an American citizen, I would think – or at least hope – that elected government representatives would … put the country’s interests firsts, even if those interests conflicted with their personal desire to gain more power or get re-elected.

My colleague Dan Gross, however, who has covered Washington for two decades, thinks that this principle – if it ever existed – has been thrown out the window. …Dan argues, Republicans are doing everything they can to ensure that the economy remains a mess when it comes time for the 2012 election…

…If this is actually what some Republicans are doing, Americans of both parties should be outraged. The first loyalty of any elected representative should be acting in the best interests of the country., and advocating policies that you know will hurt the country – or stonewalling ones that will help it – is a gross dereliction of professional and civic responsibility.

More here

Thank you Ladyhawke

06
Jun
11

‘letting a diamond slip away’

Steve Benen: Last year, the Senate Banking Committee twice approved Peter Diamond’s nomination to the Federal Reserve. And twice, the Senate wasn’t allowed to vote on Diamond because Sen. Richard Shelby (R-Ala.) and a handful of his far-right colleagues threw tantrums for unknown reasons. So, this year, President Obama resubmitted the Diamond nomination. And once again, the petulant Republican from Alabama led a small contingent that decided they’re entitled to veto power over the process.

After more than a year of waiting for a simple vote, Diamond has given up. In a New York Times op-ed, the respected Nobel laureate explained why he’s withdrawing:

Instead of going to the Fed, however, I will go about my congenial professional existence as a professor at M.I.T., where I have taught and researched since 1966, and I will take advantage of some of the many opportunities that come to a Nobel laureate. So don’t worry about me …  But we should all worry about how distorted the confirmation process has become, and how little understanding of monetary policy there is among some of those responsible for its Congressional oversight.

… Diamond is among the most accomplished economists of his generation, and last year, was awarded a Nobel Prize in economics. And yet, there was Richard Shelby & Co., insisting that Diamond lacked the qualifications to join the board of governors of the Federal Reserve ……The result of this fiasco isn’t just the loss of a qualified nominee to an important post; it’s also a lost opportunity to have the Fed take actions to bolster the economy. We can only hope that this wasn’t part of a larger campaign by Republicans to hurt the economy on purpose.

Full post here




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