(Reuters) - Senate Republican Leader Mitch
McConnell said on Wednesday that President Barack Obama's plan to use a recess
appointment for the new consumer bureau puts the nominee in "uncertain
legal territory."
Obama sidestepped Republican opposition to appoint Richard Cordray, a Senate reject, by using a recess appointment
on Wednesday, filling the post of a newly established consumer protection agency. Senate Minority Leader, Mitch McConnell, said in a statement that " . . .the Senate is not in
recess." Normally, the fact that the Senate is not in recess prevents
such “recess” appointments. But Obama has other plans.
Understand
that Obama intends on using the newly instituted Consumer Protection
Agency, hidden in the Dodd/Frank bill and organized by the
Commune-ist babe, Elizabeth Warren, to force a one trillion dollar
mortgage refinancing scheme, just in time to buy his
re-election.
This is why
Obama has decided to risk a “constitutional crisis.”
Personally,
this plaid shirted, educated Okie does not believe this will actually amount to
much. The talk is, indeed, grandiose, but
based upon two past mortgage rescue schemes of this administration, this
will be as much a failure as the previous programs. For one thing, a qualifying concern requires the applicants to be current on their loan payments. That requirement, by itself, insures that this program is not aid to those losing their homes . . . . . . . . you know, those who really need this help.
I am making my payments and the folks next door are in foreclosure. I can get my mortgage reduced and the folks next door? Well, they become tent people.
The Man is a genius.
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