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It's one thing to block Elizabeth Warren from heading the new Consumer Financial Protection Bureau.
It's quite another thing to deny in public, for the record, that any such blocking is going on (e.g., see this report; Michael Barr apparently said something quite similar today).
There is a strong groundswell of opinion on this issue from the left - see the BoldProgressives petition.
But the center also feels strongly that, given everything Treasury has
said and done over the past few months, it would be a complete travesty
not to put the strongest possible regulator in change of protecting
consumers. (See Ted Kaufman on the NYT's DealBook, giving appropriate credit to the SEC, and apply the same points to broader customer issues going forward.)
This can now go only one of two ways.
Despite the growing public reaction, outcome #2 is the most likely
and the White House needs to understand this, plain and clear - there
will be complete and utter revulsion at its handling of financial
regulatory reform both on this specific issue and much more broadly.
The administration's position in this area is already weak, its
achievements remain minimal, its speaking points are lame, and the
patience of even well-inclined people is wearing thin.
Failing to appoint Elizabeth Warren would be the straw that breaks
the camel's back. It will go down in the history books as a turning
point - downwards - for this administration.
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
It's one thing to block Elizabeth Warren from heading the new Consumer Financial Protection Bureau.
It's quite another thing to deny in public, for the record, that any such blocking is going on (e.g., see this report; Michael Barr apparently said something quite similar today).
There is a strong groundswell of opinion on this issue from the left - see the BoldProgressives petition.
But the center also feels strongly that, given everything Treasury has
said and done over the past few months, it would be a complete travesty
not to put the strongest possible regulator in change of protecting
consumers. (See Ted Kaufman on the NYT's DealBook, giving appropriate credit to the SEC, and apply the same points to broader customer issues going forward.)
This can now go only one of two ways.
Despite the growing public reaction, outcome #2 is the most likely
and the White House needs to understand this, plain and clear - there
will be complete and utter revulsion at its handling of financial
regulatory reform both on this specific issue and much more broadly.
The administration's position in this area is already weak, its
achievements remain minimal, its speaking points are lame, and the
patience of even well-inclined people is wearing thin.
Failing to appoint Elizabeth Warren would be the straw that breaks
the camel's back. It will go down in the history books as a turning
point - downwards - for this administration.
It's one thing to block Elizabeth Warren from heading the new Consumer Financial Protection Bureau.
It's quite another thing to deny in public, for the record, that any such blocking is going on (e.g., see this report; Michael Barr apparently said something quite similar today).
There is a strong groundswell of opinion on this issue from the left - see the BoldProgressives petition.
But the center also feels strongly that, given everything Treasury has
said and done over the past few months, it would be a complete travesty
not to put the strongest possible regulator in change of protecting
consumers. (See Ted Kaufman on the NYT's DealBook, giving appropriate credit to the SEC, and apply the same points to broader customer issues going forward.)
This can now go only one of two ways.
Despite the growing public reaction, outcome #2 is the most likely
and the White House needs to understand this, plain and clear - there
will be complete and utter revulsion at its handling of financial
regulatory reform both on this specific issue and much more broadly.
The administration's position in this area is already weak, its
achievements remain minimal, its speaking points are lame, and the
patience of even well-inclined people is wearing thin.
Failing to appoint Elizabeth Warren would be the straw that breaks
the camel's back. It will go down in the history books as a turning
point - downwards - for this administration.