Obama Vows Fight Over Efforts to Weaken Dodd-Frank

[somone]

http://www.bloomberg.com/news/2011-07-18/obama-vows-fight-over-efforts-to-weaken-dodd-frank.html

Obama Vows Fight Over Efforts to Weaken Dodd-Frank
By Carter Dougherty

President Barack Obama said he would push back against Republican attempts to alter the Dodd-Frank regulatory overhaul, in particular the Consumer Financial Protection Bureau.

“I will fight any efforts to repeal or undermine the important changes that we passed,” Obama said today in remarks at the White House after nominating former Ohio Attorney General Richard Cordray to be the agency’s first director. “We are going to stand up this bureau and make sure it is doing the right thing for middle-class families.”

Senate Minority Leader Mitch McConnell of Kentucky and 43 other Republicans announced in May that they wouldn’t vote to confirm anyone as director until changes were made to its structure, a message he repeated today. Under procedural rules in the 100-member Senate, the Republicans could block any vote.

“Senate Republicans still aren’t interested in approving anyone to the position until the president agrees to make this massive new government bureaucracy more accountable and transparent to the American people,” McConnell said in a statement.

[Rex]

1. Oh shut the fuck up you jawless turtle spawn!

Did you care when your hero GWB created a massive new govt bureaucracy (DHS) that is accountable to no one and shuns transparency like a vampire in direct sunlight? Oh right, you're an idiot that actually believes in the 'evil doers'. Mitch is a shit stain on the US Constitution.

[Atman]

2. Obama? Fight?

This will be another one-rounder with a quick TKO for the GOP.

:eyes:

[msongs]

3. lol you can always hope he will change. would be welcome IMO nt

[SugarShack]

4. "Vowed to fight" ?? you mean like when he said he would stand with the unions? a public option?

His word is good?

[in_cog_ni_to]

6. He misplaced his "comfy shoes."

During a 2007 campaign speech in Spartanburg, South Carolina, then-Senator Obama told supporters he would fight for collective bargaining rights if he was elected president.

“And understand this: If American workers are being denied their right to organize and collectively bargain when I’m in the White House, I’ll put on a put on a comfortable pair of shoes myself. I’ll walk on that picket line with you as president of the United States.”


Then after the fact the argument was, "He can't get involved in the Unions/States fight. It's a State issue." There's always an excuse. He just flat-out lied.

[tularetom]

5. He's pretty good at vowing fights

At actually fighting? Not so good.

I can predict how this one will go down. He'll offer to eliminate Social Security if the republicans leave Dodd Frank alone.

In the end he'll give up both SS and Dodd Frank.