Okay. We've heard Little Ricky pop off at the mouth about President Obama's recent recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau.
Cue the know-nothing GOPers who clutch their pearls and take to their fainting couches--hello Mitch McConnell--over a procedure that Republican presidents have used many, many, many more times than has President Obama.
Little Ricky, who proves his incompetence every time he opens his mouth, called what Presidents Reagan, G.H.W.Bush, Clinton, and G.W.Bush routinely practiced something worthy of a Banana Republic.
Perhaps he and Willard believe their followers, like them, are too incompetent to research this very common procedure and see that President Reagan used it more than any of the U.S. presidents that came after him.
That's quite a precedent, Mr. Reagan!
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According to reports from the Congressional Research Service, during their time in office:
President Ronald Reagan made 240 recess appointments,
President George H. W. Bush made 77 recess appointments,
President Bill Clinton made 140 recess appointments,
George W. Bush made 171.
Obama's first term has seen a paltry 28.
From The National Review: "Two high-ranking Justice department officials from the (George W.) Bush administration support the position Obama has taken on the grounds that the executive branch has always maintained a "common-sense view" that the Senate is not in session when nobody's there and it isn't doing anything."
From the New York Times, 1/5/2012:
"Consumer advocacy organizations hailed Mr. Cordray’s appointment. 'The C.F.P.B. will no longer have to fight mounting consumer financial abuses with one arm tied behind its back,' said Travis B. Plunkett, legislative director for the Consumer Federation of America.
But some banking and business organizations objected. The American Banking Association, which represents banks of all sizes but generally is considered the voice of the largest institutions, said the appointment 'puts the bureau’s future actions in constitutional jeopardy, threatening its work, complicating compliance efforts of banks and further undermining the entity’s authority and credibility.'
Many community banks and credit unions have been eager to see the agency up and running because they often compete against nonbank mortgage lenders and other loan companies.
Thomas J. Donohue, president of the U.S. Chamber of Commerce, said its members 'strongly believe it’s important to protect consumers from predatory lending, financial scams and fraud in the marketplace.' But he cited the agency’s structure and lack of oversight as its main problems."
Talking Points Memo explains how and why President Obama made this particular recess appointment.
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