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Tuesday, January 10, 2012

Cordray CFPB Appointment Biggest Government Power Grab Since ObamaCare


Contact: Ralph King / TPP State Co-Coordinator

January 9, 2012

Cordray CFPB Appointment Biggest Government Power Grab Since ObamaCare

“Consumer Protection” Czar Not Accountable to Congress or the People

Washington, DC – The Tea Party Patriots, the nation’s largest tea party organization, today sounded the alarm bell over the Obama Administration’s naming of Rich Cordray as Czar of the Consumer Financial Protection Bureau (CFPB), an action which, according to Investor’s Business Daily “has crossed over from socialistic extremism into lawlessness and, perhaps, impeachability.”

“The White House has usurped the power of the Senate by naming Rich Cordray as Czar of a new government bureaucracy that itself usurps the power of Congress,” said Jenny Beth Martin, National Coordinator of Tea Party Patriots.  “Worse, President Obama made this appointment – and two appointments to the National Labor Relations Board (NLRB) – without so much as a criminal or conflict-of-interest background check.”

As reported at WSJ.com, the CFPB is “the most powerful regulatory bureau in our history, it’s totally unaccountable to Congress, it sets its own budget and it is already, by the way, having a chilling effect” on America’s free market system.

“Congress has no power over the CFPB’s budget, and the Senate’s power has just been usurped by this so-called ‘recess’ appointment of Czar Rich Cordray and two unvetted members of the NLRB,” said Martin.  “It’s time for Congress and the Senate to do their jobs – and restore power to the people they were elected to represent.

“It’s time to stop the assaults on America’s Constitution and free market system, and to stand up for the American people – whose voices should be expressed through the Congress and the Senate.”

Tea Party Patriots is a national grassroots coalition with more than 3,400 locally organized chapters and more than 15 million supporters nationwide.  Tea Party Patriots is a non-profit, non-partisan organization dedicated to promoting the principles of fiscal responsibility, constitutionally limited government, and free markets.  Visit Tea Party Patriots online at www.TeaPartyPatriots.org.

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