Team Obama can appoint an unelected official who is unable to withstand a public vetting. This is just another injustice in the series of injustices that demand that Obama and his whole stinking administration along with his whole stinking party be removed from office. This is just what the country needs more anti-America leftists, what Barney Frank didn't finish with his wreck of the Housing industry, our latest Czar, Elizabeth Warren is going to accomplish with the Banking industry. Yes, another un-confirmable unelectable, inexperienced moron commie Czar. Is anyone surprised at another horrendous appointment snuck through without the need of confirmation against the will of the people by the man who thinks he is God.
When one asks 'how much lower can this guy go, he continuously proves that his lowest point has not yet been reached! His total disdain for America, and it's laws, and it's processes is despicable.
If Dick Cheney had tried this, he'd have been accused of staging a Coup.
The Wall Street Journal says it best!
Whatever else can be said about this White House, it isn't afraid to poke a stick in the eye of its critics. How else
to explain President Obama's decision Friday to put Elizabeth Warren in charge of the new Consumer Financial
Protection Bureau while avoiding Senate confirmation and, for that matter, any political supervision.
The chutzpah here is something to behold. The pride of Harvard Law School, Ms. Warren is a hero to the
political left for proposing a new bureaucracy to micromanage the services that banks can offer consumers. But
she is also so politically controversial that no less a liberal lion than Connecticut Senator Chris Dodd has warned
the White House that she probably isn't confirmable. A President with more political and Constitutional scruple
would have nominated someone else. Mr. Obama's choice is to appoint her anyway and dare the Senate to do
something about it.
The plan is for Ms. Warren to run the new bureau from an office at the Treasury Department. Instead of calling
her the "Director" of the bureau—the statutory title for the organization's boss—Mr. Obama has appointed her an
"assistant" to him and a special adviser to Treasury Secretary Timothy Geithner.
Mr. Geithner's supervision will be pro forma, however, because
Ms. Warren rolled over him during the financial reform debate
and has her own pipeline to the Oval Office. The President
emphasized that Ms. Warren will enjoy "direct access" to him
and said she would oversee all aspects of the creation of the new
agency, including staffing and policy planning. For all intents
and purposes, Ms. Warren will be Treasury Secretary for all
consumer lending.
We would have thought a Harvard law professor would object to
the extra-legality of this arrangement, but then this is also the
crew that gave us ObamaCare via budget reconciliation and put
Donald Berwick in charge of Medicare without a Senate debate.
Remind us again why the tea party critique of Obama
governance is crazy.
The new bureau was already destined to be a bureaucratic rogue. When Members of Congress objected to it
being "independent" in the way Ms. Warren hoped, Mr. Dodd and the Administration cooked up a plan to make
it part of the Federal Reserve without actually answering to anyone there. The bureau has independent
rule-making authority and can grant itself an annual budget up to $646 million. It will draw this money from the
operations of the Fed, so the bureau needn't deal with the messy intrusions of Congressional appropriators and
will therefore receive limited Congressional oversight.
Ms. Warren's bureau will dictate how credit is allocated throughout the American economy—by banks and
financial firms, and also by many small businesses that extend credit to consumers. The bureau's mandate under
the new Dodd-Frank law is to ensure that "consumers are protected from unfair, deceptive, or abusive acts and practices and from discrimination." If those terms sound vague and overbroad now, wait until Ms. Warren's
hand-picked staff begins interpreting existing laws on fair lending and writes new rules.
In a blog posting Friday on the White House website, Ms. Warren made her intentions clear enough: "President
Obama understands the importance of leveling the playing field again for families and creating protections that
work not just for the wealthy or connected, but for every American." Given the economic growth and jobless
figures, maybe we should start calling this the "leveling" Administration.
Though her mandate goes beyond banks, the banking system is likely to suffer the most damage. Ms. Warren was
a vociferous opponent of allowing regulators charged with maintaining the safety and soundness of banks to
control this new bureau. No matter how destructive its new rules may be, they can only be rescinded by a
two-thirds vote of the Administration's new Financial Stability Oversight Council.
And the bureau will now be staffed and shaped by an "assistant" with no obligation to appear before the Senate.
The possibility that an appointed official could hold significant authority is why the framers wrote the Senate into
the process of approving the President's senior hires. Article II, Section 2 of the Constitution says the President
"shall nominate, and by and with the Advice and Consent of the Senate, shall appoint . . . Officers of the United
States."
Article II, Section 2 also says "Congress may by Law vest the Appointment of such inferior Officers, as they think
proper, in the President alone," but Congress explicitly did not view the head of the financial consumer bureau as
an inferior officer. On July 21, Mr. Obama signed a bill passed by both Houses stating that the "Director shall be
appointed by the President, by and with the advice and consent of the Senate."
We have here another end-run around Constitutional niceties so Team Obama can invest huge authority in an
unelected official who is unable to withstand a public vetting. So a bureau inside an agency (the Fed) that it
doesn't report to, with a budget not subject to Congressional control, now gets a leader not subject to Senate confirmation.
Sorry, you leftist jerks. There is no easy way out of this and there is no forgiveness for your brain-dead-boggling stupidity about those of us who have been warning you about the insanity you have committed by electing this Marxist Clown to the highest office in the land. . This is what you wanted., and this it is what you got. And ALL OF US have to live with it!
I have said it before, many, many times before and I don’t give a hoot what you freakazoids on the left think, but I believe he's totally committed to destroying this nation
I told you it could be done Comrade.