Thursday, January 05, 2012

Government must function in a democracy

Republicans in Washington are expressing thier usual fake moral outrage, in this case because of a recess appointment by President Obama of Richard Cordray, a former Ohio attorney general, as the new director of the Consumer Financial Protection Bureau. As a form of retaliation, it seems the GOP senators may refuse to approve several other nominees for positions involving the regulation of the banking industry.

The Consumer Financial Protection Bureau (CFPB) is a legal agency established by the government. Republicans are still a minority in the Senate so the only way they can prevent it from functioning is through the filibuster. As reported, they don't object to the nominee, they object to the agency itself. Perhaps when Republicans regain control of the Senate and White House, they can abolish the agency, as well as other regulatory agencies that protect the American people from predatory practices of corporations. In the meantime, our government still has to function, and if the only way to do so in some cases is through recess appointments, then so be it.


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