“But the bottom line is that we are going to stay here as long as it takes to make sure that the American people’s taxes do not go up on January 1st.” – Pres. Obama
The quote above is a brilliant political tactic and rhetorical broadside from Pres. Obama.
It comes on a day when Republicans blocked Richard Cordray’s nomination for the Consumer Financial Protection Bureau, which Elizabeth Warren imagined and championed.
When Elizabeth Warren was poised for this very job, Pres. Obama didn’t lift a finger in her favor. Now she’s in Massachusetts taking it to Scott Brown. From the Boston Herald:
Warren leads Brown by a 49-42 percent margin, outside the poll’s margin of error of plus or minus 5.3 percentage points. That number includes voters who say they are “leaning” for either candidate. But even without the “leaners,” Warren still leads by a 46-41 percent margin, barely within the margin of error.
It is a lesson on just how differently Obama’s actions compare between Warren and Cordray.
It also brings back the relevancy of Washington Post reports on just how women have felt inside the Obama White House.
“This place would be in court for a hostile workplace,” former White House communications director Anita Dunn is quoted as saying. “Because it actually fit all of the classic legal requirements for a genuinely hostile workplace to women.”
This mentality is driven home by Pres. Obama’s recent moves against women’s reproductive freedoms.
Maybe Tim Geithner made him do it.
If you haven’t seen Dan Froomkin’s review, “Suskind’s Confidence Men Raises Questions About Obama’s Credibility,” it’s worth a read.
Another quote from Confidence Men, the book that sent the White House into swift damage control, by Ron Suskind, is below:
“… Only those in his inner circle at Treasury, though, can read what’s behind that expression: a string of private efforts across the past year to neutralize Warren. The previous fall, Geithner huddled with top aides to develop what one called an “Elizabeth Warren strategy,” a plan to engage with the firebrand reformer that would render her politically inert. He never worked out a viable strategy–a way to meet with Warren without drawing undesirable comparisons–and so, like the president, he didn’t.
What the Treasury Department did do, unbeknownst to Warren, was embrace demands from the banking industry to create a bureau under the condition that Warren would not be allowed to lead it. [...] The industry managed to get the proposed agency shrunk into a bureau that would live under the auspices of the Federal Reserve…
After all, Goldman Sachs is a major component of Obama’s corporate fuel, so Pres. Obama can’t really afford to buck those boys.
When I see evidence that 44 Republicans who blocked Cordray have received big bucks from the financial industry, I have to ask, so what else is new? So does Mr. Obama.
The 44 Senate Republicans who signed a letter in May pledging to filibuster any CFPB nominee (plus Sen. Dean Heller who later added his name once appointed to the Senate) have received over $6.5 million from the financial industry in 2011 and nearly $125.6 million over their careers.
Question for Pres. Obama, his fans and Democratic partisans: Have you counted how much cash Barack Obama has raked in from the financial industry since he started running for the presidency?
Meanwhile, the woman Pres. Obama couldn’t bring himself to support for the agency he now touts, Elizabeth Warren, stands well outside of the hackery of the Democratic boss. But also ousted from the position she created in the agency that Pres. Obama is now working hard to get his man approved.
Think about that for a minute.