A piece of the Dodd-Frank “Financial Reform” bill recently signed into law creates a new Bureau of Consumer Protection. No one is really sure what this new “bureau” will do that isn’t already being done by several other bureaus, or agencies, or sections, or departments, but we now have this nifty new, and yes, costly, piece of government.
But, this much we do know. Elizabeth Warren is now in charge of it…well, sort of.
Ms. Warren, currently a professor at Harvard Law School, will be named an assistant to the president and special advisor to Treasury Secretary Timothy Geithner in charge of launching the new agency and setting its mission. She was a candidate to be the agency’s first director, a position that remains unfilled, but would likely have had trouble securing confirmation because of opposition in the Senate.
Let’s analyze that.
She is currently a Harvard professor…not that there is anything wrong with that …, but, how many Harvard professors are now in charge of something in the Obama administration. I thought our president was a believer in “spreading the wealth”.
Next, do we really need another czar who doesn’t answer to Congress, or, perish the thought, to you the people? Why doesn’t the president just appoint someone (who would be answerable to us) to fill the position created by the law?
Which brings us to the final issue. Ms. Warren is so far to the left that her confirmation as director of this new bureau is highly unlikely. So, rather than run the risk that she wouldn’t be confirmed by the Senate, President Obama simply creates a new czardom, puts her in charge of it , and washes his hands of the whole mess. Much like he did when appointing Donald Berwick (who would never have been confirmed by the Senate) as the Director for the Centers of Medicare and Medicaid to appease the left, and Craig Becker (who would never have been confirmed by the Senate) to the NLRB to appease the left.
This is simply pandering. And, to me, at least, it’s despicable.