I just got off a conference call with Elizabeth Warren. And while she said her plans extend no further than taking her grandkids to LegoLand, it’s pretty clear she’s going to be spending her time beating up on Republicans. Rather than respond to questions about why she didn’t get the job as Director of CFPB, she said she was “saving all the rocks in my pocket for the Republicans.” She also said, in the context of fighting for the CFPB, that
Having a nominee frees us up to have a big political fight. … Republicans want to embrace the system that failed. My view is we can now have that fight. … Republicans are counting on the word [that they're opposing the CFPB] not getting back to their constituents at home.
This is the kind of fight we haven’t heard from Warren for the entire year she’s been cooped up at the White House. And it’s the kind of fight that, when she is allowed to make it, she generally wins.
So whether or not Warren intends to run for the Senate (she demurred when asked that question), it seems she’s prepared to, finally, make this a political fight, to make Republicans pay for their intransigence on this issue.
In the end, this won’t necessarily get us a CFPB Director, and therefore it won’t necessarily gets us a fully-functional CFPB. But it will finally brand Republicans for the anti-consumer policies they’ve embraced.
Let’s hope the White House doesn’t undercut Warren’s arguments by embracing the same kinds of policies.