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No Elizabeth Warren

NYTimes via Krugman:

President Obama said Sunday that he would nominate Richard Cordray, the former attorney general of Ohio, to lead the new Consumer Financial Protection Bureau, passing over Elizabeth Warren, the Harvard law professor who was the driving force behind the agency's creation.

Krugman nots that Cordray has no better shot of getting past the Republican filibuster than Warren did, and then says:

What's going to happen, then, is no director for the CFPB in any case. But meanwhile Obama has passed up a chance to symbolically align himself with the public and against the banksters.

By fnord12 | July 18, 2011, 10:45 AM | Liberal Outrage


Comments

i think we can safely assume the Obama administration has no desire to be against the banksters so this isn't really a surprise. if he'd wanted Warren, or anyone competent for that matter, in this position, there would have been some actual effort put forth months ago.

Dems are left of Republicans, but they're not leftists. they're centrists at best. right of center at worst. we should stop expecting them to side with us (unless it's an election year). we're just stupidly setting ourselves up for disappointment.