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For Immediate Release
January, 04 2012, 11:01am EDT
Contact:
Angela Bradbery
Phone: (202) 588-7741
Email: abradbery@citizen.org
Public Citizen Applauds Obama's Recess Appointment of Richard Cordray to Lead Consumer Agency
Statement of David Arkush, Director, Public Citizen’s Congress Watch Division
WASHINGTON
We applaud President Barack Obama for exercising his constitutional authority during the current congressional recess to appoint Richard Cordray to head the Consumer Financial Protection Bureau.
American families need a federal agency that will focus on protecting them, not the big banks. The financial industry went wild in recent years, engaging in a raft of abusive financial practices in areas ranging from mortgages and credit cards to payday loans.
It is about time for the Consumer Financial Protection Bureau to be fully functional. Corday is a promising director, and he is more than ready to get to work.
Some Republicans are claiming that the president lacked authority to make a recess appointment. They are wrong. The Senate is effectively on a five-week recess. Since senators left for vacation in December, the chamber has held a pro forma session once every three days for just a few moments. These sessions do not bar the president from making a recess appointment. Whether the current recess is viewed as five weeks or three days long, it is long enough. Two previous presidents - Harry Truman and Theodore Roosevelt - have made recess appointments in recess of three or fewer days.
Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people - not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.
(202) 588-1000LATEST NEWS
Newsom Ripped as Billionaire 'Errand Boy' for Opposing Wealth Tax on California Plutocrats
"Gavin Newsom wants a future for the Democratic Party that consists of sucking up to conservative billionaires," said one progressive critic. "That's a path destined for losses."
Jan 13, 2026
California Gov. Gavin Newsom vowed Monday to stop a proposed tax on the state's richest people, drawing condemnation from progressives who argue that the expected 2028 presidential hopeful's literal and figurative friendship with billionaires has no place in a Democratic Party that must center working class people and issues to win.
Last month, the Service Employees International Union—United Healthcare Workers West (SEIU-UHW) led the introduction of the California Billionaire Tax Act (CBTA), a state ballot initiative that would impose a one-time 5% tax on the wealth of roughly 200 billionaires "to protect healthcare, keep hospitals and emergency rooms open, and prevent millions of Californians from losing coverage" amid historic cuts to social safety programs by congressional Republicans and the Trump administration.
Supporters are currently collecting the 900,000 signatures needed for the CBTA to qualify for California's 2026 ballot. Meanwhile, billionaires including venture capitalist Peter Thiel and Google co-founder Sergey Brin are among those fighting the proposal.
Public opinion polling in recent years has shown that around three-quarters of all California voters, and over 9 in 10 Democrats, back a billionaire wealth tax. So do unions, social and economic justice groups, progressive economists, and congressional lawmakers including Sen. Bernie Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.)—another possible presidential aspirant whose support for the CBTA incensed Thiel and other Silicon Valley billionaires like Larry Page and Elon Musk.
However, Newsom finds himself aligned with Thiel—a seven-figure supporter of President Donald Trump's presidential campaigns—in opposing the proposed tax.
“This will be defeated—there’s no question in my mind,” Newsom said of the CBTA in a Tuesday interview with the New York Times. “I’ll do what I have to do to protect the state."
Two headlines preview the 2028 Democratic presidential primary -- and perfectly reflect the big divide inside the Democratic Party. On one side are those fighting billionaires, on the other side are those who are owned by billionaires.
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— David Sirota (@davidsirota.com) January 13, 2026 at 6:45 AM
Newsom—who has close personal, business, or political ties with billionaires including the Getty family, GAP co-founder Doris Fisher, Salesforce CEO Marc Benioff, and Siebel Systems co-founder and cousin-by-marriage Tom Siebel—said he is against the CBTA because it could stifle California's world-leading technological innovation and drive away businesses and wealthy individuals.
"The impacts are very real—not just substantive economic impacts in terms of the revenue, but start-ups, the indirect impacts of … people questioning long term-commitments," Newsom told Politico Monday. “That’s not what we need right now, at a time of so much uncertainty."
Not all plutocrats oppose a billionaire wealth tax. Benioff, Warren Buffet, Abigail Disney, Bill Gates, Jensen Huang, Chris Hughes, and George Soros have all advocated higher taxes on the ultrarich.
Huang, CEO of tech titan Nvidia and one of the 10 richest people on the planet, said last week that he is "perfectly fine" with the CBTA.
Gavin Newsom has terrible political instincts. Cozying up to racists like Charlie Kirk. Attacking trans kids. Defending billionaires. When left to his own devices he always picks the wrong path.
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— Oliver Willis (@owillis.bsky.social) January 13, 2026 at 4:53 AM
Responding to Newsom's opposition to the CBTA, Progressive Mass political director Jonathan Cohn said on Bluesky: "Gavin Newsom wants a future for the Democratic Party that consists of sucking up to conservative billionaires. That's a path destined for losses."
Civil rights attorney and professor Alejandra Caraballo also took to Bluesky, writing, "Another reason I'm never Newsom. He's a billionaires' errand boy beholden to them."
Progressive organizer Jonathan Rosenblum asked on X, "Which side are you on?"
"Gavin Newsom is on the side of the billionaires, not the millions of working people who stand to lose healthcare because of the Trump cuts," Rosenblum added. "Shamefully typical of the Democratic establishment."
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47 Ways Trump Has 'Made Life Less Affordable' in Second Term
"Trump's actions since taking office a year ago reveal a clear and consistent effort... to serve the interests of his billionaire and corporate backers," said a co-author of the Economic Policy Institute report.
Jan 13, 2026
From "stripping collective bargaining rights from more than 1 million federal workers" to "denying 2 million in-home healthcare workers minimum wage and overtime pay," President Donald Trump "has actively made life less affordable for working people."
That's according to a Tuesday report from the Economic Policy Institute (EPI), which cataloged 47 key ways that the 47th president made life worse for working people during the first year of his second term.
The think tank sorted the actions into five categories: eroding workers' wages and economic security; undermining job creation; weakening workers' rights; enabling employer exploitation; and creating an ineffective government.
"Many of the actions outlined here have impacts across categories," the report notes. "Trump's attacks on union workers, for example, reduce workers' wages, weaken workers' rights, and promote employer exploitation of workers."
"Every dollar denied to typical workers in wages ends up as higher income for business owners and corporate managers."
The first section highlights that Trump (1) cut the minimum wage for nearly 400,000 federal contractors, (2) ended enforcement of protections for workers illegally classified as independent contractors, (3) slashed wages of migrant farmworkers in the H-2A program, (4) deprived in-home healthcare workers of minimum wage and overtime pay, and (5) facilitated the inclusion of cryptocurrencies among 401(k) investment options.
On the job creation front, the president (6) paused funding for projects authorized under a bipartisan infrastructure law, (7) signed the Laken Riley Act as part of his mass deportation agenda, (8) revoked an executive order that created a federal interagency working group focused on expanding apprenticeships, (9) is trying to shutter Job Corps centers operated by federal contractors, and (10) disrupted manufacturing supply chains with chaotic trade policy.
In addition to (11) attacking the union rights of over 1 million government employees, Trump (12) delayed enforcement of the silica rule for coal miners, (13) proposed limiting the scope of the Occupational Safety and Health Administration's general duty clause, (14) fired National Labor Relations Board (NLRB) General Counsel Jennifer Abruzzo, (15) stripped work permits and temporary protections from immigrants lawfully in the country, and (16) deterred worker organizing with immigration enforcement actions.
Trump's assault on workers' rights has included (17) nominating Labor Secretary Lori Chavez-DeRemer, who has pursued a deregulatory agenda, (18) illegally firing Gwynne Wilcox from the NLRB, (19) ending funding to fight human trafficking and child and forced labor globally, and (20) terminating International Labor Affairs Bureau grants.
Chavez-DeRemer isn't Trump's only controversial pick for a key labor post. He's also nominated (20) Jonathan Berry as solicitor of labor, (21) Crystal Carey as NLRB general counsel, (22) Scott Mayer as an NLRB board member, and (23) Daniel Aronowitz to lead the Employee Benefits Security Administration.
The 47th president has made life less affordable for everyone but himself & his billionaire backersTrump has 😠 slowed job growth,😡 undercut incomes for workers🤬 enriched the ultrawealthyThe latest from @joshbivens-econ.bsky.social , @cmcnich.bsky.social, and Margaret Poydock.
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— Economic Policy Institute (@epi.org) January 13, 2026 at 8:20 AM
Trump has also (24) weakened workplace safety penalties for smaller businesses, (25) nominated Andrea Lucas as Equal Employment Opportunity Commission (EEOC) chair, (26) revoked an executive order promoting strong labor standards on projects receiving federal funds, (27) appointed Elisabeth Messenger, the former leader of an anti-union group, to head the Office of Labor-Management Standards, (28) fired EEOC Commissioners Charlotte Burrows and Jocelyn Samuels, and (29) conducted systematic worksite raids that punished workers rather than improving wages and working conditions.
The president's various "deliberate actions to weaken the federal government" have included (30) politicizing career Senior Executive Service officials, (31) firing most staff at the National Institute for Occupational Safety and Health, (32) nominating Brittany Panuccio as an EEOC commissioner, (33) and picking Project 2025 architect Russell Vought as Office of Management and Budget director.
He has also fired (34) Federal Labor Relations Authority Chair Susan Tsui Grundmann and (35) Merit Systems Protection Board Member Cathy Harris, and (36) tried to fire Federal Reserve Governor Lisa Cook, whose case is set to be argued before the US Supreme Court next week. Trump further (37) fired Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer over accurate economic data, and is attempting to shut down (38) the Consumer Financial Protection Bureau, and (39) the Federal Mediation and Conciliation Service.
Additionally, the president (40) directed federal agencies to end the use of disparate impact liability, (41) put independent agencies under his supervision, (42) signed the so-called One Big Beautiful Bill Act that transfers wealth from working families to the ultrarich, (43) proposed a rule that would make it easier to fire federal employees for political reasons, and (44) issued an executive order on apprenticeships that does not require the government to consult with labor groups.
Finally, since returning to the White House, the Republican has (45) gutted the federal workforce, (46) directed US Attorney General Pam Bondi to challenge state laws that would regulate artificial intelligence technologies, and (47) fired 17 inspectors general.
"Trump's actions since taking office a year ago reveal a clear and consistent effort to make life less affordable for working people in order to serve the interests of his billionaire and corporate backers," said report co-author Celine McNicholas, EPI's director of policy and general counsel, in a statement.
"Every dollar denied to typical workers in wages ends up as higher income for business owners and corporate managers," McNicholas added. "This growing inequality is what is making life so unaffordable for workers and their families today."
EPI released the report as the BLS published its consumer price index data for December, which show a 2.7% year-over-year increase in prices for everyday goods and services.
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As Trump Threatens to Intervene, Iranian Protesters Warn US, Israel 'Want Entire Region in Chaos'
"This government has shown that it is not capable of reform," said one Iranian demonstrator. "On the other side, there are Trump and Netanyahu, both of whom are war criminals."
Jan 13, 2026
President Donald Trump has threatened to launch military strikes against Iran, purportedly to help anti-government protesters who are demanding change amid an economic crisis.
However, Middle East Eye spoke with some of the Iranian demonstrators and found they had little appetite for interference from either the US or Israel.
A 39-year-old protester from Tehran, who identified only as Sara, said that Israel's record of bombing countries in the region made her suspicious of any offer that its government would make to help the Iranian protest movement.
"Over the past one or two years, Israel has attacked almost every country in the region," she said. "They want the entire region to be in chaos while they remain safe."
Sara also emphasized that "we want regime change, but we do not want our country to be destroyed."
A 28-year-old demonstrator named Reza also expressed skepticism of Israel and US offers to help even while stating his fierce opposition to the Iranian government.
"On one side, this government has shown that it is not capable of reform and knows nothing but repression," he said. "On the other side, there are Trump and Netanyahu, both of whom are war criminals."
The Middle East Eye report noted that Trump, unlike past presidents, has not even offered a pretense of wanting to bring democracy to Iran to justify military action and has instead stated his desire to seize foreign nations' resources, such as when he declared that the US would take control of petroleum production in Venezuela after the US military abducted President Nicolás Maduro.
Jamal Abdi, president of the National Iranian American Council, earlier this month expressed solidarity with the Iranian protesters while also warning Trump and Israeli Prime Minister Benjamin Netanyahu to butt out.
"The outbreak of protests in Iran over the past week has been led by Iranians suffering under tremendous economic pressure and repression," said Abdi. "It is the Iranian people’s movement and they deserve to be heard, not President Trump or Israeli Prime Minister Netanyahu, who cannot and should not try to speak for them. President Trump’s decision to insert himself and threaten military intervention at this moment is profoundly reckless. It distracts from the legitimate grievances of Iranians and risks being exploited to justify a more violent government crackdown."
The Iranian government has responded to the protests with violence and mass arrests of demonstrators, and the government has blacked out internet access for its citizens.
The exact death toll resulting from the Iranian government's crackdown is not known, although the US-based Human Rights Activists News Agency estimated as of Monday night that more than 500 people had been killed, while an unnamed Iranian official told Reuters on Tuesday that 2,000 people had been killed so far, including Iranian security forces.
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