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Obama Makes Recess Appointment To Consumer Financial Protection Bureau — Full Text

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THE WHITE HOUSE

Office of the Press Secretary

January 4, 2012


Remarks of President Barack Obama – As Prepared for Delivery

Shaker Heights High School

Cleveland, OH

January 4, 2012

As Prepared for Delivery —

Hello, Cleveland! It’s great to be back in Ohio. And it’s great to be here at Shaker Heights, home of the Red Raiders. I want to thank your mayor, Earl Leiken, for hosting us today. I also want to thank your superintendent, Mark Freeman, and your principal, Mike Griffith, for everything they do. I heard you have some pretty good basketball teams this season – boys and girls. It makes me wish I had some eligibility left.

Finally, I want to wish everyone a Happy New Year. One of my resolutions is to make sure I get out of Washington enough and spend more time with people like you. Because folks here in Ohio and across the country – you’re the reason why I ran for this office in the first place. And on days like today, you remind me what we’re still fighting for. An America where hard work and responsibility pays off. An America where anyone who puts in the effort and plays by the rules can get ahead.

That’s the America you deserve. That’s the America we’re working to build. And that’s why I told Congress they couldn’t leave for vacation last month until we made sure 160 million working Americans wouldn’t get hit by a tax hike on January 1st. It wasn’t easy. And it should have been. But in the end, we got members of both parties to come together and make sure that you could keep more money in your paychecks this month. You’re keeping that extra $40 in every paycheck. That means more security for your families, and a boost for our economy at a time when we need to do everything we can to keep it growing. More money spent by more Americans means more businesses hiring more workers. And when Congress returns, I urge them to extend this tax cut for all of 2012, without drama or delay. It’s the right thing to do. It’s a no-brainer. Let’s get it done. Pass these tax cuts.

But we still need to do more. So today, we’re taking another important step – one that will bring us closer to an economy where everyone plays by the same rules. And to help us do that, I’m joined by someone you might recognize: Richard Cordray.

Today I’m appointing Richard as America’s consumer watchdog. That means he’ll be in charge of one thing: looking out for the best interests of American consumers. His job will be to protect families like yours from the abuses of the financial industry. His job will be to make sure you’ve got all the information you need to make important financial decisions. Right away, he’ll start working to make sure millions of Americans are treated fairly by mortgage brokers, payday lenders and debt collectors. In fact, just this week, his agency is opening up a simple, 1-800 number you can call to make sure you’re getting a fair deal on your mortgage, and hold banks and brokers accountable if you’re not.

I nominated Richard for this job last summer. And yet, for almost half a year, Republicans in the Senate have blocked his confirmation. They’ve refused to even give Richard and up-or-down vote. It’s not because he’s unqualified. There is no question that Richard is the right person for this job. He’s got support from Democrats and Republicans. A majority of Attorneys General from both parties across the country have called for Richard to be confirmed. Your local Members of Congress who are here today – they support him. He has the support of a majority in the Senate. Everyone agrees that he’s more than qualified.

The only reason Republicans in the Senate have blocked Richard is because they don’t agree with the law setting up the consumer watchdog. They want to weaken it. Well that makes no sense at all. Does anyone think the reason we got in such a financial mess was because of too much oversight? Of course not. We shouldn’t be weakening oversight and accountability. We should be strengthening it – especially when it comes to looking out for families like yours. Financial firms have armies of lobbyists in Washington looking out for their interests. It’s time someone fought for you, too.

This is a fight that Richard has been waging here in Ohio for the better part of two decades. As your Attorney General, he helped recover billions of dollars in things like pension funds on behalf of retirees, and protected consumers from dishonest lending practices. Before that, Richard was the State Treasurer, where he earned a reputation for working with folks from across the spectrum – Democrats, Republicans; bankers and consumer advocates.

Cleveland, you’ve seen the difference that Richard can make for consumers. I have too. And that’s why I want Richard to keep standing up for you – not just here in Ohio, but all across the country.

Every day that Richard waited to be confirmed was another day when millions of Americans are left unprotected. Without a Director in place, the consumer watchdog agency we’ve set up is left without the tools it needs to prevent dishonest mortgage brokers, payday lenders and debt collectors from taking advantage of consumers. That’s inexcusable. It’s wrong. And I refuse to take “no” for an answer.

I’ve said before that I will continue to look for every opportunity to work with Congress to move this country forward and create jobs. That means putting construction workers back on the job repairing our roads and bridges. That means keeping teachers in the classrooms and cops and firefighters on the streets. That means helping small businesses get ahead. These are ideas that have support from Democrats, Republicans and Independents. And I want to work with Congress to get them done.

But when Congress refuses to act and as a result hurts our economy and puts people at risk, I have an obligation as President to do what I can without them. I have an obligation to act on behalf of the American people. I will not stand by while a minority in the Senate puts party ideology ahead of the people they were elected to serve. Not when so much is at stake. Not at this make-or-break moment for the middle class.

For too long, we’ve had a financial system that stacked the deck against ordinary Americans. Banks on Wall Street played by different rules than businesses on Main Street – or a lot of community banks. Hidden fees and fine print led consumers to make financial decisions they didn’t always understand. And all that risky behavior led to an economic crisis that we’re still digging ourselves out of.

That’s why, last year, we put in place new rules of the road to make sure that a few bad apples in the financial sector can’t break the law, cheat consumers, and put our entire economy in danger. Many of these provisions are already starting to make a difference. And for the first time in history, we put in place a consumer watchdog – someone whose only job is to look out for the interests of everyday Americans.

Richard is the right man for this job. If you’re a student, his job will be to protect you from dishonest lending practices and make sure you have all the information you need on student loans. If you’re a veteran, he’ll help make sure you aren’t taken advantage of when you come home from serving our country. And if you’re a senior, he’ll help make sure you don’t lose your home or your retirement because someone saw you as an easy target.

Earlier today, I met Endia and William Eason. Endia is 91 years old, and she’s known for making some of the best pies in Cleveland. William is a former Marine who now lives in a nursing home nearby. Ten years ago, the Easons were approached by a broker who offered to help them take out loans and make some much-needed repairs to their house. The broker made everything sound easy, so the Easons agreed. But before they knew it, the broker had disappeared with their money – leaving the Easons almost $80,000 in debt and in danger of losing their home.

Endia and William Eason are good people. They worked hard, they saved their money, and they earned the right to retire with dignity. They shouldn’t have to worry about being tricked by someone trying to make a quick buck.

The Easons need someone who will stand up for them. Millions of Americans need someone who will look out for their interests. They need someone like Richard.

We know what would happen if Republicans in Congress were allowed to keep holding Richard’s nomination hostage. More of our loved ones could be tricked into making bad financial decisions. More dishonest lenders could take advantage of the most vulnerable among us. And the vast majority of financial firms who do the right thing could be undercut by those who don’t.

We can’t let that happen. Now is not the time to play politics while people’s livelihoods are at stake. Now is the time to do everything we can to protect consumers and prevent a financial crisis like the one we’ve been through from ever happening again. And that starts with letting Richard Cordray do his job.

Cleveland, I know you’re hearing a lot of promises from a lot of politicians lately. But today, you’re only going to hear one from me. As long as I have the privilege of serving as your president, I promise to do everything I can, every day, to make this country a place where hard work and responsibility mean something – where everyone can get ahead, not just those at the very top or those who know how to work the system. That’s what America has always been about. That’s what today is all about. And with the help of people like Richard, that’s the country I believe we can be once again.

Thank you, God bless you, and God bless the United States of America.

###

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Stephen Miller Melts Down on Live TV: ‘I Will Be as Excited as I Want to Be!’

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White House Deputy Chief of Staff Stephen Miller repeatedly had to be asked to “calm down” during a wide-ranging CNN interview on Tuesday that has set the internet on fire.

“This president, for the first time in history, is committed to restoring accountability at every level of the federal government,” Miller declared. “You may assert there’s no waste in the Pentagon. You may assert there is no waste in Treasury. You may assert there’s no waste in HHS.”

CNN’s Brianna Keilar made clear no one is asserting there is no waste.

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“Then why are you not celebrating these cuts if you agree there is waste, if you agree there is abuse, if you agree there is corruption, why are you not celebrating the cuts, the reforms that are being instituted?” Miller, shouting, asked.

“Every day that no action is taken —” Miller, still yelling, continued.

“Stephen, let’s calm down,” Keilar insisted.

“The entire salaries of American workers that are taxed disappear forever —”

“Stephen, let’s calm down,” Keilar again asked. “We’re not having a debate.”

“Well you are clearly trying to debate me,” Miller claimed. “And I will be as excited as I want to be about the fact that we are saving Americans billions of dollars, that we are ending the theft and waste and grift and corruption, that we are stopping American taxpayer dollars from subsidizing a rogue federal bureaucracy that has been relentlessly weaponized against the American people.”

Many have questioned the Trump administration’s assertions.

That exchange led veteran journalist John Harwood to declare, “Stephen Miller is bat— crazy.”

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In another exchange, Miller condescendingly told Keilar, “The way that Article II” of the Constitution “works is a president wins an election, and then he appoints staff.”

CNN’s Ana Navarro-Cárdenas, a co-host on ABC’s “The View,” responded to a clip of Miller. She wrote: “Insane? Hysterical? Deranged? Off his meds?”

Miller, whose “ideology” is listed by the Southern Poverty Law Center as “Anti-Immigrant,” is the architect of President Donald Trump’s family separation policies during his first administration. Over one thousand children have yet to be reunited.

“From March 4, 2015, to June 27, 2016, Miller,” the SPLC reported, “sent over 900 emails to Breitbart News editors.”

“Throughout the emails, Miller promotes literature, conspiracy theories, and policies supported by white nationalist and anti-immigrant hate groups,” according to the SPLC.

Watch the video above or at this link.

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‘Ridiculous’: Federal Judge Scorches Trump DOJ Lawyer Over Military ‘Pronoun Use’

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A federal judge sharply criticized an attorney for the U.S. Department of Justice over Pentagon policy asserting that the U.S. Armed Forces could somehow be compromised simply by requiring service members to use a colleague’s preferred pronoun.

U.S. District Judge Ana Reyes, a Biden appointee, appeared skeptical of both the President’s and the Department of Justice’s stance on transgender service members during Tuesday’s hearing.

Reyes “asserted flatly that the idea that the greatest fighting force in the history of the world would be adversely effected by the need to use specific pronouns for a few thousand members of the military is, ‘Ridiculous,'” Fox News producer Jake Gibson reported.

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According to Politico’s Kyle Cheney, this is how the exchange went:

“REYES: Can we agree that the greatest fighting force… is not going to be impacted in any way by less than 1 percent of the soldiers using a different pronoun than others might want to call them?

DOJ ATTORNEY: I can’t agree with that here.

REYES: Would you agree with me that if our military is negatively impacted in any kind of way that matters… We all have a lot bigger problems than pronoun use. We have a military that is incompetent. Any common sense rational human being knows that it doesn’t. It is pretext. It is frankly ridiculous. If you want to get me an officer of the U.S. military who is willing to get on the stand and say that because of pronoun usage the U.S. military is less prepared because of pronoun usage. I will be the first to give you a box of cigars.”

An estimated 15,000 service members are transgender.

In another striking exchange, Judge Reyes also called Trump’s executive order on transgender service members “unadulterated animus.”

Currently, the Pentagon has ordered service branches to stop accepting new transgender recruits into the military, and to pause any gender-affirming medical care for transgender troops.

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“One of the plaintiffs,” in the case, WUSA9‘s Jordan Fischer reports, “Koda Nature, a 23-year-old transgender man from Texas, said he had been working with a recruiter to join the U.S. Marine Corps when he was informed last month he would no longer be able to enlist. Nature said joining the military had been his dream since he was 5 years old – a dream to follow in the footsteps of 17 generations of his family.”

President Donald Trump has signed at least four executive orders restricting the civil rights of transgender people in the United States, including one that could be used to ban open service by transgender troops, under the guise of prioritizing military excellence, readiness, and “unit cohesion” — tropes that for decades were also used to try to prevent lesbian, gay, and bisexual troops from serving openly in America’s armed forces.

“Consistent with the military mission and longstanding DoD policy, expressing a false ‘gender identity’ divergent from an individual’s sex cannot satisfy the rigorous standards necessary for military service,” Trump’s January 27 executive order reads. Trump also alleged that “adoption of a gender identity inconsistent with an individual’s sex conflicts with a soldier’s commitment to an honorable, truthful, and disciplined lifestyle, even in one’s personal life. A man’s assertion that he is a woman, and his requirement that others honor this falsehood, is not consistent with the humility and selflessness required of a service member.”

That order specifically targeted the use of preferred pronouns, which he called, “invented and identification-based pronoun usage.”

“It is the policy of the United States Government to establish high standards for troop readiness, lethality, cohesion, honesty, humility, uniformity, and integrity. This policy is inconsistent with the medical, surgical, and mental health constraints on individuals with gender dysphoria. This policy is also inconsistent with shifting pronoun usage or use of pronouns that inaccurately reflect an individual’s sex.”

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‘Bloodbath by Design’: Trump’s Russia Negotiators Criticized for ‘Almost No Experience’

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After a week of disastrous messaging by U.S. Secretary of Defense Pete Hegseth, resulting in a 180-degree turn and leaving European leaders and some Americans wondering what U.S. foreign policy is, the Trump administration is once again under fire as critics charge the team he has assembled to start discussions with Russia over its illegal war against Ukraine does not match the “heavyweights” Russia is sending.

The U.S. is already in the hot seat as Ukrainian President Volodymyr Zelenskyy — who has made clear his country will accept no peace deal if they are not part of the negotiations — appears to have been frozen out of the initial talks, which were held Tuesday in Saudi Arabia.

European officials attending the Munich Security Conference last week, “stressed the need for Ukraine to be part of peace talks to end the war. Vice President JD Vance met with Zelenskyy in Munich Friday, telling him the U.S. wants a ‘durable, lasting peace,’ while Zelensky asked for ‘security guarantees,'” CBS News reported.

“Zelenskyy told the conference of world leaders that Ukraine would not accept a deal made ‘behind our backs without our involvement,’ and called for the creation of ‘armed forces of Europe’ amid the possibility of a changing relationship between Europe and the U.S.”

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Early Tuesday afternoon the Associated Press, calling it “an extraordinary about-face in U.S. foreign policy,” reported: “Russia and US agree to work toward ending Ukraine war in a remarkable diplomatic shift.”

CNN reported that the “United States and Russia agreed on four principles following talks that lasted more than four hours in Saudi Arabia, US Secretary of State Marco Rubio said Tuesday, including appointing a high-level team to help ‘negotiate and work through the end of the conflict in Ukraine’ in a way that’s ‘acceptable to all the parties engaged.’ Ukrainian President Volodymyr Zelensky, who was not invited to the talks, said Ukraine will not ‘give in to Russia’s ultimatums’ and earlier said he would refuse to sign any agreement negotiated without Kyiv’s involvement.”

Russian Foreign Minister Sergey Lavrov, who reportedly was part of Tuesday’s talks, described them as “useful.”

The talks are expected to continue after this initial meeting. Trump administration officials at the talks in Saudi Arabia included U.S. Secretary of State Marco Rubio, National Security Advisor Michael Waltz, and Middle East envoy Steve Witkoff.

Foreign policy expert and historian Sławomir Dębski, a former Russia foreign policy analyst, over the weekend described Russia’s team.

He named, “Yury Ushakov, the Kremlin’s chief foreign policy adviser, who has worked in diplomacy for over half a century,” “Sergey Naryshkin, Ushakov’s top spy, who served alongside Putin in the Soviet KGB,” and “Kirill Dmitriev, a financier educated at Stanford and Harvard, who has ties to the Kremlin chief’s family and, according to the publication, could play a key role as an unofficial ‘backchannel’ to Trump’s negotiators.”

“A rumour says that Vladymir Medinsky is to join the Russian team in Riyadh,” Dębski added. “He is a former Minister of Culture. Now he is Putin’s key adviser on ideological aspects of Russian aggression on Ukraine.”

Bloomberg News on Friday reported that Russian President Vladimir Putin “is assembling a heavyweight team with decades of experience in high-stakes negotiations to face off against US President Donald Trump’s representatives for a deal to end Russia’s war in Ukraine.”

“That Putin is opting to rely mostly on highly skilled and experienced negotiators to represent Russia in any talks is hardly a surprise,” Bloomberg added. “The personnel choices underscore just how determined the Russian leader is to secure a favorable outcome in any negotiations and potentially how little his demands in relation to Ukraine have changed in the three years since he ordered the full-scale invasion.”

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Yale University Professor Timothy Snyder, a historian and expert on the Soviet Union and the Holocaust, is the author of the popular bestseller, “On Tyranny: Twenty Lessons from the Twentieth Century.”

Responding to Dębski’s post, Snyder warned: “The American team has almost no experience in high-level international negotiation, no regional expertise on Ukraine and Russia, and no relevant foreign language knowledge. Not true of the Russians, to put it mildly. Looks like a bloodbath by design.”

Brad Bowman, senior director of the Center on Military and Political Power at the Foundation for Defense of Democracies, blasted the Trump administration.

“It was a mistake for the Trump administration to negotiate with the Taliban without the Afghan government at the table. It is a mistake to negotiate with Putin without including Kyiv,” he wrote. “When the topic is the future of Ukraine, Kyiv has a right to be at the table, especially in light of the sacrifice and bravery of Ukrainians in defending their homes against Putin’s unprovoked invasion. Putin understands that the United States and Europe are more powerful together. That’s why he wants to divide us. We should not help him.”

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