5 Ways The GOP’s Obstruction Is Unprecedented
A Senate Veto Of The Consumer Financial Protection Bureau
Senator Elizabeth Warren (D-MA) proposed the Consumer Financial Protection Bureau in the aftermath of the financial crisis. It was enacted into law as part of the Dodd-Frank reforms to regulate financial services and give citizens a place to register complaints and seek recourse from banks, investment houses, payday loan shops, credit card companies, etc. that make money off of lending money — the exact people whose bad loans were responsible for the financial crisis. And the Republicans hate it.
The Senate minority has refused to hold a vote on the appointment of former Ohio attorney general Richard Cordray, though he’s been widely praised by even Republicans, as CFPB director until huge changes are made to the agency that would take away its ability to function as designed. Among the changes they want are to get rid of a single-director structure and have the organization run by committee.
In the clip above, Senator Warren explains exactly how unprecedented this maneuver is.
But Cordray certainly isn’t the only executive nominee the GOP has tried to block. In Obama’s first term alone, there were as many Senate filibusters of the president’s nominees as there were during the 16 years that Bill Clinton and George W. Bush were in the White House combined.