Dear Leader once again circumvents congressional checks and balances. The Senate is NOT ON RECESS – they have been holding pro forma sessions every few days and are considered to still be in session. Senate Minority Leader Mitch McConnell and Speaker John Boehner have both released statements that mildly show their disapproval of this, but sadly, no one is going to stop him.
In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation’s chief consumer watchdog. Outraged Republican leaders in Congress suggested that courts would determine the appointment was illegal.
With a director in place, the new Consumer Financial Protection Bureau can start overseeing the mortgage companies, payday lenders, debt collectors and other financial companies often blamed for practices that helped tank the economy.
The president planned to highlight just that point during his announcement later Wednesday in Ohio that he was putting Cordray in the job
More on Obama CFPB Recess Appointment:
Obama to make recess appointment