Senate blocks consumer bureau chief
December 8th, 2011
11:18 AM ET
2 years ago

Senate blocks consumer bureau chief

Washington (CNNMoney) - The Senate on Thursday failed to muster the 60 votes needed to confirm President Obama's pick to run the Consumer Financial Protection Bureau, which has become the symbol of the administration's efforts to rein in Wall Street excess.

The Senate voted 53-45, along partisan lines, falling 7 short of the votes needed to take up the confirmation of former Ohio Attorney General Richard Cordray to be the first director of the bureau. Senate Republicans, except Sen. Scott Brown of Massachusetts, voted against the procedural measure; Olympia Snowe of Maine voted present.

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Filed under: President Obama • Senate
soundoff (33 Responses)
  1. Sniffit

    In fact, approaching from a different angle, one might hazard to propose that the GOP, from 2000-2007, by first enacting all the policies that blew up the economy, was (and still is) trying to force that process. Organization of the discontented? Astroturf yourself up some Teatrolls. Revolutionary demands? Demand the financial and structural evisceration the federal gov't via tax cuts and spending cuts, destroy the social safety net and give all the power to the states for deciding everything, including how much religion to institutionalize into our secular laws. Attempted use of force...ain't happening...and it's a necessary step to galvanize the angry mob. In fact, partly because of their astroturf nature, the Teatrolls really couldn't get enough widespread support for their extremist views, support is waning and it's not going to work. OWS, being more organic, has the opportunity given that the state IS actually behaving violently towrads them, with the pepper spraying and use of eardrum damaging sound devices, but the MSM is doing everythign it can to hamper them getting the message out, unlike the MSM's outright advertising of the Teatrolls.

    December 8, 2011 12:46 pm at 12:46 pm |
  2. Sniffit

    "There are 22 bills (14 are jobs bills) "

    The Republicans CALL them "jobs bills." They are, in fact, just part of their plutocratic plan to eviscerate the federal gov't and redistribbute all wealth, power and influence FULLY to the 1%. They are sick and tired of having to deal with a voting populace that is rapidly shifting demographically into territory that will see the death of the GOP.

    December 8, 2011 12:48 pm at 12:48 pm |
  3. Four and The Door

    LJW
    To Four and The Door: Tax cuts for the wealthy were extended last year so they could create jobs.
    Where are all the jobs they created????
    ______________________________________________________________________________________________
    Jobs numbers for November were released Friday, December 2nd. Employers reported 120,000 more jobs. 270,000 more people reported themselves as working. Unemployment rate fell by .4% to 8.6%, the lowest it has been since early 2009.

    December 8, 2011 12:51 pm at 12:51 pm |
  4. Ron

    "Where are the jobs, GOP?????? You promised jobs in 2010,"Where in the -– are they???? You gop voters are 4 cards "Short of a full deck"??? Be prepaired to "Go Home in 2012!! Obama 2012

    December 8, 2011 12:52 pm at 12:52 pm |
  5. LJW

    Ancient Texan

    Have you read any part of the jobs bills sitting on Harry's Reid desk? They include garbage like:

    - cutting taxes on those making over $500,000 a year
    - increasing oil subsidies
    - adding more tax loopholes for those making over $200,000 a year
    - expiring the payroll tax cuts on those making under 100,000 a year
    - buying 50 new stealth fighter jets (each jet is 1 billion dollars a piece)
    - calling in airstrikes on targets in Iran
    - reaffirming "In God We Trust" is our national motto

    Hence, this is why they are still sitting.

    December 8, 2011 12:53 pm at 12:53 pm |
  6. Sniffit

    Hmmm...one might even hazard to propose that the GOP, from 2000-2007, by first enacting all the policies that blew up the economy, was (and still is) trying to force Brinton's process. Financial collapse? Easy peasy: just cut revenues, borrow for a couple wars and deregulate the financial sector and look the other way while it misbehaves and poof...meltdown. Organization of the discontented? Astroturf yourself up some Teatrolls and shadow fund them with giant corporate backers. Revolutionary demands? Demand the financial and structural evisceration of the federal gov't via tax cuts and spending cuts, destruction of the social safety net and that all power be given to the states for deciding everything, including how much religion to institutionalize into our secular laws. It's the Civil War all over again. Attempted use of force...well, that's where it failed...ain't happening...and it's a necessary step to galvanize the angry mob. In fact, partly because of their astroturf nature, the Teatrolls really couldn't get enough widespread support for their extremist views, support is waning and it's not going to work. OWS, being more organic, has the opportunity given that the state IS actually behaving violently towrads them, with the pepper spraying and use of eardrum damaging sound devices, etc., but the MSM is dead set against OWS and is doing everything it can to hamper them getting their message out, unlike the MSM's outright advertising of the Teatrolls.

    December 8, 2011 12:54 pm at 12:54 pm |
  7. Rudy NYC

    Ancient Texan wrote:

    All the libs babbling about the "obstructionists" are really disengenious. There are 22 bills (14 are jobs bills) passed by the House sitting on Harry Reid's desk.
    ------------------–
    You have got to be joking. Jobs Bills? Let's look at what they passed. Repeal the Affordable Care Act. Repeal Dodd-Frank financial reform. The passed the Ryan Plan to dismantle Medicare, which does not balance the annual budget for 50 years because of all of the tax cuts it creates. Affirm "In God We Trust". The list goes on an on.

    No worry, though. America voters understand you. "Government doesn't create jobs." American understand your position that our benevolent benefactors, "the job creators", must be appeased before the economy turns around. We understand that you must lay the middle class on the sacrificial alter of the plutocrats, for whom you serve. We understand. We get it.

    December 8, 2011 12:54 pm at 12:54 pm |
  8. Rudy NYC

    Four and The Door wrote:
    Note to Republicans: Thank you for fighting for the rest of us who care about the performance of the American economy. We believe in support for businesses to create jobs.
    - The American Voter.
    ------------------
    Obviously, that message is not directed at The People, but rather the Republican politicians who believe in that ancient religion called "trickle down economics" and the angels known as "job creators". Let me ask you something. Just this. Exactly who is "God" in that religion? The dollar?

    December 8, 2011 12:58 pm at 12:58 pm |
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