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The Spectacle Blog
President Obama is expected to bypass the Senate and install Richard Cordray as head of the Consumer Financial Protection Board today. Recess appointments are common and provided for by the Constitution, but it is the first time in two decades one has been made during a Senate break of less than three days. Senate Republicans are not happy.
View all comments (3) | Leave a comment
More Blog Posts by W. James Antle, III
http://spectator.org/blog/2012/01/04/richard-cordray-gets-his-reces
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steve in ohio| 1.4.12 @ 1:05PM
Keep on eye on this guy. Here in Ohio all of the libs expect him to be president some day.
Burton Dorion| 1.4.12 @ 1:15PM
Cordray as a comsumer watchdog seems unappropriate in light of last weeks PD article about how last year, Cordroy's office was in charge of making sure that companies that recieved ODOD (Ohio Department of Development) grants fullfilled the job creation part of their agreement and they failed miserably. His lack of watchdog skills cost Ohio Taxpayers tens of millions of dollars. See the article
http://www.cleveland.com/open/.....l#comments
It didn't get much press so I imagine Obama's staff didn't see this or I can't imagine they would have gone forward with Cordray. If you are not familiar with the article, here is how it related to Cordory and his watchdog ability.
Last year, Cordory's office was in charge of making sure companies who recieved ODOD rewards fulfilled the job creation requirements or else the state could clawback the money (taxpayer dollars) they received. Cordroy reported that 90% of companies fulfilled their end of the agreement. This year is came out that the number is only 52% and the reason it was so high in the previous year was that "Cordray’s analysis, however, was based on voluntary surveys that companies submitted to the attorney general’s office, according to a Lisa Hackley, a spokeswoman for DeWine. Only about 25 percent of the companies responded to the survey, Hackley said."
Was it that hard to slip one by our new watchdog and take tens of millions of taxpayer dollars they didn't deserve? How does Mr. Cordray find out if the companies lived up to their end of the bargain...he sent them a voluntary survey and politely asked them if they created the jobs they promised they would and he didn't audit the few responses he got. THIS IS A PERSON IN A WATCHDOG POSITION!!!
My question is why he would even have to ask the company anything? To see if companies created the jobs they promised, he could simply look at the tax rolls to see the number of OHIO employees and total ohio payroll each company had.
Do you think this is relavent to the conversation?
Dai Alanye | 1.4.12 @ 2:32PM
Ohio voters fired Cordray in part because he's a radical. Should fit in perfectly with Obama.