11:10 a.m. - Just bumped into a downright jovial Elizabeth Warren arriving at the northwest gate of the White House ahead of the president's unveiling of her as a new special assistant.
Warren told me she's "very confident" she will have real power to get the new consumer protection agency set up with some teeth, based on reassuring conversations she has had with President Obama .
Critics have wondered whether Obama is bypassing a Senate confirmation battle - by making her special adviser instead of the confirmable director of the new agency - and will leave her a toothless tiger.
But Warren just told me unequivocally she's fired up and ready to "get some things done" immediately.
Another power grab by this administration. Bypassing the normal confirmation process that even has Chris Dodd coming unglued.But at least Ed Henry is excited !!!!
Now we're talking! President Obama this is a very smart move!
We're about to see 2008 all over again, I love it. They ask for it, so let them have it. I love you. He's backkkkkkkk.
Great another College professor with no real world experience. Can't wait to get these clowns out of office so America can be rebuilt to the great nation it was before these idiots took office.
I guess she is another czar which if this was President Bush doing this kind of thing, the liberals would be crawling out of the wood work. But it is their messiah so it must be good. Oh well, big changes coming in November 2010 and much bigger changes coming in November 2012.
Most of us are not holding our breath about government protecting us. Most of the time, government sells us out!
Another far left liberal installed by Obozo and bypassing the Senate confirmation process. The Constitution means NOTHING to him and the Progressives. Come this November, Obozo will learn the hard way that the American people still value it and believe in it. Come 2012, he's OUT too!
watch out this idiot...ed henry...he is two mouths snake....very bad guy...I keep watching while at telecast...o.k....Pres. Obama is doing very excellent....
Its about time.
Government exists to regulate the market. That's econ 101. That is government 101. Start building up the basics and we can get this country on the right track.
if you notice the "pillars" of congress aka the lackeys for the lobbyist are shaking in their boots. corruption is a part of life they won't go quietly.
Another political appointee that has no experience based in real life. Ms. Warren has spent her entire life in academia, and now has an ego that is large enough to think she can fix something that she only knows in theory. My concern is not politically motivated. I am in a self preservation mode. As a community banker in the Midwest, I am truly terrified of the type of legislation and regulation that will come out of this agency. An agency ill conceived, to protect consumers from themselves and their unwillingness to live within their means.
Ok. We don't need cops on the streets. Except there is crime (murder, buglary etc). Oh! those cops are needed after all because people some people simply won't do the right thing. That is the analogy of the current deregulation/regulation. If corporate America did the right thing in the first place, we may not have had an economic melt down. Now it becomes necessary to hire more "cops". Tough that some of you don't like it.
So, what about that "tricke down economics" thing? How much of it trickled? The last time I checked the only thing that trickles is pea. Too bad most Americans are on the end of that "trickle".
There is time to govern and there is time to campaign. The Republican are in campaign mode at all times. It's going to get ugly when the American people rise up. These "nuts" act as if there was no election in 2008. Even while Bush was awarded his election in 2000. They won't even acknowledge him as President. While I believe the POTUS have not gone far enough, it's no reason to be illusion about the challenges of governing.
This is a very good thing. Definitely the person for the job.
Trickle down economics works exactly like it was suppose to. A bunch of wealth was created for the very high income earners, and by the time that wealth reached the rest of us it was only a trickle. This is completely supported by the spread in the income distribution.
As much as they hate the president the truth is they have no one on their side anyone takes seriously. None of them will come close beating him in 2012. They may have some small victories come this November that will balance things out a bit but, other than that they can FORGET IT!!!!
Reagan – 243 recess appoints
Bush 1 – 77 recess appointments
Clinton – 140 recess appointments
Bush 2 – 171 recess appointments
Obama – 22 recess appointments
Whats the problem?
This is the perfect way to get this commission set up. If any of the people making negative comments would watch something besides the Fake News Channel, they would see one of the smartest women in America who will make things better for consumers. She has been on every OTHER network many, many times explaining exactly what is wrong with the country's financial system and how to fix it.
And as far as not having any experience, what do you think she's been doing for the last few years, besides teaching at Harvard? She's been chair of the Congressional Oversight Panel that was created to investigate the TARP program, the banking bailout under George Bush.
This is not a power grab. It's a temporary position and it's how to get something done the right way. She will set up the commission and then go back to teaching.
I've been holding my breath that E. Warren would be appointed. We as a society are lucky that she has hung in there. Running the TARP program is what she has been doing, so don't think she doesn't have experience over and above her life and how she got there.
Great strategy. She has been the clearest voice on the financial debacle I have heard. If you listen to her then you will feel very good about this appointment.
She speaks with exceptional clarity and knowledge and actually knows how the inner workings of the financial industry better than the CEO's of these big banks.
Don't believe me. Youtube her interviews and then look at comparative interviews with these CEO's that contributed to the debacle.
Why do the Right Wingers hate her so much ? Ain't she from Oklahoma ?