WE WANT LIZ WARREN for WALL STREET OVERSIGHT!
HER EYE IS ON WALL STREET! So guess what? WALL STREET DOES NOT WANT HER!

This time those greedy wolves came THIS CLOSE to stealing all the money in
existence. We have to keep an eye on them and have a loaded gun ready!

Should President Barack Obama Not Appoint Elizabeth Warren to Look Out for Consumer Financial Interests But Go with a Geithner and Summers Approved Candidate Instead,--- Will It be the Straw that Broke the Camel's Back with the Progressive Base that Put Him Into the White House?

After All, in Our Memory, Never Has a President been More Concerned About Appeasing the People Who Didn't Elect Him Than Those Who Did.

All kinds of excuses are flying around trying to disparage the candidacy
of Elizabeth Warren for the head position at the Consumer Financial
Protection Bureau (CFPB).

Warren, a law professor at Harvard University, picked to be Chair of the
Congressional Oversight Panel which was created to investigate the
banking bailout, has developed a reputation as an incorruptible force
and has become one of our nation’s most respected defenders of the
middle/working class (which also happens to be the subject of two of her
books.)

Elizabeth Warren is widely recognized as the inspiration behind CPFB.
Her prodding and resilience got the American people an agency that if
properly run could significantly benefit our lives. But, a coalition of
greedy bankers, Republicans and "centrist" Democrats are trying to fend
her off. Their main argument is that Elizabeth Warren has no management
experience. We must assume then that chairing the Congressional
Oversight Panel, a bipartisan body, doesn’t count as experience.
Ridiculous! How many objections were raised regarding experience when
Michael Brown “Brownie” was selected to head FEMA? The real reason
objections are being raised against Warren is that bankers can’t trust
her to side with them in their pursuit of their profiteering no matter
what the cost is to the society at large.

The main danger to Warren’s nomination is coming from the Democratic
side. We have the New Democratic Coalition (NDC) with their Chair,
Joseph Crowley, who were in the forefront of emasculating the Financial
Reform Bill. The NDC, as per the Washington Spectator 7/15/10 edition
says, have been working on behalf of the big banks since the House
Financial Services Committee began shaping the legislation last year.
They were responsible for blackmailing the outcome of the legislation if
the Blanche Lincoln’s derivatives provision was not watered down. How
many of the NDC 43 house votes do you think Warren would get after their
being wined and dined by executives from JP Morgan Chase and Goldman
Sachs.

By no means, I want to imply that if Warren is defeated it will be just
because Blue Dogs Democrats can’t stand her sight. The Republicans are
back to their old quest of reducing the tax cuts for the super-rich. The
Obama administration want to let those tax cuts for the super-rich
expire, but Republicans want to make them permanent. Imagine if the
Obama administration has Warren in a relevant position as a defender of
the interest of the Middle Class and Working Class? The Republicans
would have a serious problem trying to defend themselves from somebody
who has a thorough understanding of their vast array of "tricks and
traps." The lost revenue from allowing the taxes to continue at the
Bush/Cheney rate will be at least $650 billion in ten years.

Yes, the forces against Elizabeth Warren are powerful, but they are far
from unbeatable. As Zach Carter from AlterNet has stated “No Democrat is
eager to buck President Barack Obama’s appointment to this agency
(CFPB), whoever it may be, and lawmakers from both parties are hesitant
to speak out against Warren.” They might hate Warren for her courage and
decency, a female Pat Tillman, but they won’t dare to attack her
directly. They will have to depend in morally challenged individuals on
their way to pasture like Sen. Chris Dodd (CT-D)." As Zach Carter
stated “Elizabeth Warren is not a voice of Progressives or Democrats;
she’s a voice for working families.”

Behind the scenes, bank-friendly politicians are working overtime trying
to keep Warren from coming up for a vote. But, if Warren is nominated,
when it comes time to actually vote, there will be a majority who aren’t
going to vote against her. That is, if President Obama appoints her and
puts the pressure on to confirm. He can't afford to abandon another one
of his all to few progressive nominees.

This is one of the most important decisions that the Obama
administration has had to face. By appointing Warren to head the CFPB
Obama will be telling 98% of the American people that he is
unquestionably on their side. That he understands what we are going
through, and certainly then there will be real hope that we are taking
concrete steps to improve our economy.

He will be fulfilling his lapsed promise of change, and speaking to the
needs of the progressives, working class, and and independents who
elected him.

If not, the battle over nominating Warren, who appears ready to accept
the position, may be the straw that breaks the camel's back and severs a
working, contribution, and get out the vote drive link to his electoral
base.

That's a politically fatal risk, but the White House has prove itself
tone deaf about its political appointments and articulation of
progressive policies again and again and again.

AL FRANKEN AND OTHER SENATORS WANT LIZ!
http://www.cbsnews.com/8301-503544_162-20012825-503544.html

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