Congratulations and Good Luck to Elizabeth Warren

I’m cautiously optimistic with the dual appointment of Elizabeth Warren to be Assistant to the President to work at Treasury to set up the Consumer Financial Protection Board.

Frankly, no one knows what this appointment will mean in practice except perhaps Obama, Warren, and Timmeh Geithner. And no one knows how well Warren will negotiate the inevitable bureaucratic battles ahead, particularly with whoever replaces Rahm.

But I’m optimistic for two reasons. First, I have a lot of trust in Warren herself. She’s proven her ability to surprise her opponents in bureaucratic battles thus far. I also suspect (though don’t know for a fact) that she negotiated the Assistant to the President position as protection against anything Timmeh and Larry Summers might try. She seems to have demanded certain things with this nomination. And gotten them. And–as DDay linked earlier–she has expressed confidence that this is a win.

The President asked me, and I enthusiastically agreed, to serve as an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. He has also asked me to take on the job to get the new CFPB started—right now. The President and I are committed to the same vision on CFPB, and I am confident that I will have the tools I need to get the job done. [my emphasis]

So given the respect I have for Warren, I take her at her word that she will have the power to make of CFPB what it needs to be.

The other reason I’m cautiously optimistic is because the Chamber of Commerce is screaming like a stuck pig over these developments. Which, in my book, is generally a sign that something good has happened.

All that said, the appointment of Warren just means that both the White House and activists have more work to do. For the White House, not only do they need to fulfill whatever promises they made to Warren. Just as importantly, though, if they don’t actually use the fact that they finally have someone who can speak for and to the middle class (without the kind of gaffes that Joe Biden inevitably makes) to their advantage they will be really hurting themselves. Is Warren booked for the Sunday shows this weekend? If not, why not?

As for the rest of us, one of the reasons I think Warren was successful in negotiating what she sees as a successful resolution to this position is because her broad support was very clear to the White House. A wide group of people made it clear that Warren was the only acceptable candidate for this position.

If we get complacent, it’ll be a lot harder for Warren to do what she’d like to do with the position.

Progressives finally won something from this Administration. Maybe. But we’re only going to be able to keep it if we continue to make noise.

Tweet about this on Twitter0Share on Reddit0Share on Facebook0Google+0Email to someone

0 Responses to Congratulations and Good Luck to Elizabeth Warren

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
Emptywheel Twitterverse
emptywheel @KailiJoy They could extort donations on a vote by vote basis?
25mreplyretweetfavorite
emptywheel @raynetoday They've got video of assassin's car. @jason_corcoran
39mreplyretweetfavorite
emptywheel @DanMyer82366100 Which remarkably didn't outlast Hash Bash? @MichiganHist
44mreplyretweetfavorite
emptywheel @onekade 3) Strong reporting there's a financial dragnet. And lots more confirmation of poss uses. @csoghoian
52mreplyretweetfavorite
emptywheel @onekade Sure. But we have 1) official FBI confirmation of explosives precursor 2) DOJ IG confirmation Internet = most orders @csoghoian
53mreplyretweetfavorite
emptywheel @DanMyer82366100 Huh. It was 18 in NY and VT until just before I got there. And I'm younger than you. @MichiganHist
53mreplyretweetfavorite
emptywheel @onekade Sure. But a BIG mistake activists made last time was in only focusing on phone dragnet. This is not that. @csoghoian
55mreplyretweetfavorite
emptywheel @onekade I think getting at hackers via traffic rather than content. But don't think metadata like that, either.
56mreplyretweetfavorite
emptywheel @onekade But as I noted, the reporting on this was unreliable.
57mreplyretweetfavorite
emptywheel @onekade Ask @csoghoian. I think rather than getting content they're tracking who's coming in where.
58mreplyretweetfavorite
emptywheel @DanMyer82366100 Drinking age was lower back then, I imagine. I RTed that just to hear from someone who knew it at that time @MichiganHist
1hreplyretweetfavorite
emptywheel @onekade The smart people think they're using it to get data flow.
1hreplyretweetfavorite
September 2010
S M T W T F S
« Aug   Oct »
 1234
567891011
12131415161718
19202122232425
2627282930