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Tuesday, July 17, 2018

Obama Digs In On Consumer Protection Fight, Bringing The Left With Him

Two days after Barack Obama rolled out the populist message advisers hope will carry the president to a second term in the White House, he lambasted congressional Republicans for blocking his nominee to lead the Consumer Financial Protection Bureau, the watchdog agency that was established by last year’s financial reform bill.

The reaction from a clearly exasperated president — he said that the Republican filibuster of former Ohio Attorney General Richard Cordray’s nomination “makes absolutely no sense” — signaled that he won’t pull back from this fight the way he has on his appointees for both the judicial and executive branch, a pattern that hit a new low earlier this year when a Nobel Prize-winning economist was forced to withdraw his candidacy for the Federal Reserve board after Republicans in the Senate decided he was not appropriately qualified for the job.