The following is being shared with us by the AFL/CIO today and I think it is important that every American read this and urge the President to appoint Elizabeth Warren as indicated in the AFL/CIO piece as follows:
ELIZABETH WARREN, THE CHAMPION WE NEED !
Richard L. Trumka, AFL-CIO Thu, Jun 9, 2011 at 7:26 AM
Want to make sure Wall Street isn’t able to prey on Americans again—and create another Great Recession?
Urge President Obama to appoint Elizabeth Warren the next time Congress goes on recess.
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Editor Note: Following is the text of the important message I received today from the President of The AFL/CIO:
The Consumer Financial Protection Bureau (CFPB)—which was created as part of the landmark financial reform law President Obama fought hard to pass—is scheduled to open on July 21. The new agency is designed to protect consumers from abusive lending practices by banks, credit card companies, mortgage companies and others.
But 44 of Wall Street’s friends in the Senate are flat-out refusing to consider any nominee to lead the Consumer Financial Protection Bureau—unless they’re given the right to defund it, which is just the first step in weakening the bureau and ultimately repealing the entire Wall Street reform law. According to The Hill:
Senate Republicans have vowed to hold up any nominee to lead the CFPB and say the blockade will not end until changes are made to curb the bureau’s authority.
Rep. Barney Frank (D-Mass.) recently called this “the worst abuse of the confirmation process I’ve ever seen.” He added, “What it clearly says is that the president will have to make a recess appointment.” We agree.
To begin its work to protect consumers, the CFPB must have a strong director from Day One. And in our view, there is only one candidate who is uniquely qualified and equipped to head this new agency: Elizabeth Warren.
Urge President Obama to appoint Elizabeth Warren to lead the Consumer Financial Protection Bureau when Congress goes on recess.
By refusing to make any appointment to lead the CFPB, Senate Republicans effectively have recused themselves from having any input into whom President Obama appoints. It’s a dereliction of their constitutional duty to “advise and consent” on the president’s nominees.
Fortunately, President Obama can bypass these obstructionists by making a recess appointment.
No matter who gets the recess appointment of President Obama, Republicans have made it clear they’ll scream and holler. This reflects a sorry state in our politics—but it’s also a historic opportunity to recess appoint Elizabeth Warren, who’s already shown as acting director of the CFPB that she’s a true champion for working families.
Urge President Obama to recess appoint Elizabeth Warren—who will truly stand up for consumers.
Working families need Elizabeth Warren to launch and lead the bureau because she is uniquely qualified for the job. She’s proven herself to be a fearless advocate for the American public. She originated the idea of the Consumer Financial Protection Bureau. She’s strong and brave, smart and fearless (I’ve met her, and I’m very impressed).
But Warren’s also fair—not one-sided. She does know how to work alongside banks, despite how vilified she is by some vocal Wall Street naysayers. As The Wall Street Journal recently reported:
Oklahoma Bankers Association President Roger Beverage thought Elizabeth Warren was the “Antichrist.” But now he wants President Barack Obama to use his recess appointment powers to make her the first director of the new consumer protection agency.
Elizabeth Warren is the right choice for working families—let President Obama know we need her to get to work.
We should all be grateful for President Obama’s hard work to create the landmark Consumer Financial Protection Bureau. We fought with him, pushing Congress hard to pass a strong law with an independently funded agency that has the potential to be a strong voice for working families.
Now, we need President Obama’s help again to make sure the agency he envisioned can begin its critical work.
Please let the president know we support the recess appointment of Elizabeth Warren: a strong, pro-consumer director who will get the agency up and running.
Thank you for fighting to have Elizabeth Warren lead the CFPB. She’s the candidate who is most likely to keep Wall Street from gouging consumers and creating another Great Recession.
Richard L. Trumka
P.S. Congressional Republicans are only interested in repealing Wall Street reform—and they’ll even use personal attacks to try to achieve their goal. Rep. Patrick McHenry (R-NC)—whose top campaign contributors are Wall Street banks—went so far as to accuse Elizabeth Warren of lying.
Let President Obama know working families will stand behind him as he works to open a strong agency with a strong director who will protect consumers from scams and another Great Recession.”
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Note From John Liming
Editor and Publisher
The Liming Liberal Digest
“I am always pleased to support the cause of Organized Labor in The United States. This message from the AFL/CIO about a new consumer protection is very important for all Americans and that is why I have included it on the blog.
To find out more about the AFL-CIO, please visit our website at http://www.aflcio.org.