Obama does second or third ballsy thing in 20 months, appoints Elizabeth Warren!

This morning’s news:  President Obama has named Harvard professor and celebrated Wall Street watchdog Elizabeth Warren to create and lead the new Consumer Financial Protection Agency – an agency originally proposed by her and created by the Dodd-Frank financial reform act.  The appointment of such a staunch consumer advocate to Obama’s financial team contrasts starkly with the Wall Street creatures Tim Geithner, Lawrence Summers and Ben Bernancke which have thus far constituted his inner circle.  We progressives – and other good government advocates – have been pushing hard for Elizabeth’s appointment for months.  It’s pretty rare that this centrist President listens to us, maybe he’s finally starting to notice the lagging electoral enthusiasm of his Democratic base.  Ya think?

And they’re already calling her a phrase that will make Glenn Beck’s head explode this afternoon – Consumer Czar. Professor Warren, respected and feared by the big boys on Wall Street, is an expert on protecting families from deceptive, predatory lending practices and other crooked complex maneuvers used to make a quick buck at consumers’ and taxpayers’ expense.  She said today,  “The new consumer bureau is based on a pretty simple idea: people ought to be able to read their credit card and mortgage contracts and know the deal.”

One reason she is so generally beloved by Americans today is her uncanny ability to explain complex financial issues in a way the rest of us can understand.  See some videos of the folksy Oklahoman (whose janitor father was the victim of a crooked business partner, and whose grandmother came on a wagon in the Oklahoma land rush.)

The famous Jon Stewart appearance, 4/25/09

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Elizabeth Warren Pt. 1
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

Elizabeth makes Geithner squirm re. AIG/Goldman Sachs bailouts

Maybe best of all: explaining last year why we need the agency she’s now creating!

from Bold Progressives .org

Can you sign our congratulations card to Elizabeth Warren? Click here. (We’ll deliver the card to her personally — please encourage others to sign.)

Warren, who earned a reputation for holding Wall Street’s feet to the fire, just told the Huffington Post:

The President “asked me to take on the job to get the new Consumer Financial Protection Bureau 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.” Congratulate her.

This is a HUGE victory, and it wouldn’t have happened without you and over 200,000 others advocating for Elizabeth Warren’s leadership. For the first time, progressives successfully pressured President Obama to select the most progressive option on the table.

Together, we made thousands of calls, wrote hundreds of letters to the editor, and left politicians and the media baffled over all the fervor for Elizabeth Warren. The Boston Globe called it an “uprising among Warren’s legion of supporters.” The Huffington Post wrote that PCCC members were “bombing Senate with Elizabeth Warren calls.”

So, seriously…congratulations. People-power made a difference!

Now, can you add your name to our congratulations card to Elizabeth Warren — and invite your friends to join you?

We’ll deliver the card along with a bouquet of flowers. There’s even a space on the card for you to add a personal note to Warren.

Thanks for making this victory possible.


About Vern Nelson

Greatest pianist/composer in Orange County, and official troubador of both Anaheim and Huntington Beach (the two ends of the Santa Ana Aquifer.) Performs regularly both solo, and with his savage-jazz quintet The Vern Nelson Problem. Reach at vernpnelson@gmail.com, or 714-235-VERN.