Obama Celebrates his Victory in Nomination Fight: Richard Cordray [View all]

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He had a reason to smile. The event was Obama’s victory lap after the figurative nuclear brinksmanship in the Senate this week ended largely in the president’s favor. The CFPB is viewed by Democrats as a key part of the president’s legacy, and Obama was clearly happy to win the long fight over a permanent director. “

For two years, Republicans in the Senate refused to give Rich a simple yes or no vote. Not because they didn’t think he was the right person for the job, but because they didn’t like the law that set up the consumer watchdog in the first place,” Obama said. “Yesterday, Richard was official confirmed.”

The Senate confirmed Cordray after Republicans backed off their plan to deny Obama a CFPB director until Democrats agreed to dramatically alter the law governing the agency. The GOP obstruction plan kept Elizabeth Warren, Obama’s first CFPB nominee, out of the job and eventually drove Warren to her successful Democratic Senate bid in Massachusetts.

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http://www.buzzfeed.com/evanmcsan/obama-celebrates-his-victory-in-nomination-fight?utm_source=dlvr.it&utm_medium=twitter





http://theobamadiary.com/2013/07/17/chat-away-198/

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