Wednesday, July 20, 2011

President Obama, Elizabeth Warren and Progressives In General

Cenk Uygur on The Young Turks breaks it down
Huffington Post: Obama, while often publicly praising Warren, was never committed to nominating her as head of the Bureau of Consumer Financial Protection, people familiar with the internal decision-making process said.

There were a variety of factors holding her up, from the administration's perception that she was prone to speaking her mind publicly -- even if her position contrasted with that of the administration’s.

The internal debate that led to President Barack Obama passing her over as head of the agency, commonly known as the CFPB, pitted one set of advisers -- longtime confidantes Valerie Jarrett and David Axelrod -- against the trio of Treasury Secretary Timothy Geithner, former White House Chief of Staff Rahm Emanuel, and current Chief of Staff William Daley.

Jarrett and Axelrod supported Warren, not least because of the impact she’d have on the Democratic Party’s liberal base, sources said. Geithner, Emanuel and Daley opposed the idea because of a variety of factors, both personal and political.

Ultimately, it was Obama’s call. Sources said an anecdote about a 2010 meeting provides clues to Obama’s thinking.

Last summer, during a White House meeting with first-term Senate Democrats, Sen. Bernie Sanders, an independent from Vermont, asked Obama whether he'd nominate Warren for the role.

Obama held up a half-full glass of water and told him: "That's the problem with you progressives. You see this as half-empty."

No comments:

Post a Comment