Posts tagged "consumer financial protection bureau"
Elizabeth Warren officially announced her candidacy for Senate in Massachusetts this morning, in a short video posted to her new campaign website. In the video Warren claims to be running on behalf of middle class families, saying “I don’t think Washington gets it.”
Warren who was the driving force behind the creation of the Consumer Financial Protection Bureau had hoped to head the agency she helped create. She got her first taste of conservative opposition when Republicans, vowing to block her nomination in the Senate, forced her to withdraw her appointment as head of the new bureau.
TNR reporter-researcher Simon van Zuylen-Wood writes that it may get tougher for Warren in the months ahead. Warren’s Harvard bona fides and mass appeal to liberals may actually do her a disservice in the Bay State’s senate election.
Assuming she gets past the Democratic primary, any attempt to use her background as a consumer advocate to run a populist campaign against incumbent Republican Scott Brown will be burdened by her day job as a professor at Harvard Law School. Even before Warren officially declared her candidacy, she was already being accused of “Harvard elitism.”
How Warren fares in 2012 will likely be determined more by her response to these criticisms than by any of her previous policy prescriptions.
Courtesy of the Atlantic Wire
Republicans aren’t just radicalized, aren’t just pursuing an extreme agenda, and aren’t just allergic to compromise. The congressional GOP is also changing the very nature of governing in ways with no modern precedent.
Welcome to the normalization of extortion politics…
Republicans effectively tell the administration, over and over again, that the normal system of American governance can continue … just as soon as Democrats agree to policy changes the GOP can’t otherwise pass.
The traditional American model would tell Republicans to win an election. If that doesn’t work, Republicans should work with rivals to pass legislation that moves them closer to their goal. In 2011, the GOP has decided these old-school norms are of no value. Why bother with them when Republicans can force through policy changes a series of hostage strategies? Why should the legislative branch use its powers through legislative action when extortion is more effective?