Ralph Nader: Obama is spineless

July 21, 2011 | By | 1 Reply More

At Democracy Now!, Amy Goodman asked Ralph Nader for his thoughts on Obama’s passing over of Elizabeth Warren regarding the Consumer Financial Protection Bureau:

RALPH NADER: Well, our spineless president speaks again with a forked tongue. He talks about a tough agency, and he’s just thrown overboard the toughest federal cop on corporate crime, fraud and abuse against millions of Americans’ pensions and savings, and then tries to convince people that he’s really being tough against Wall Street. He’s basically a political coward. And the problem with that is not just detonating Elizabeth Warren’s career culmination of heading the agency that she conceived and built out of the Treasury Department in the last few months, but he’s signaling once again to the rogue Republicans in Congress that he has no backbone, that he’s going to cave. And that’s what he’s been doing. He threw Van Jones overboard, because Glenn Beck attacked—of all people—attacked Van Jones, his assistant in the White House. He doesn’t stand by his people, unless these people stand for Wall Street, like William Daley, Timothy Geithner, Larry Summers. You’d think he’d give at least one post—one post—to the consumer constituency, the liberals and progressives, that brought him to the White House. But that is not the way he calculates it.


Category: Consumer Protection, Politics

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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  1. Erich Vieth says:

    Headline at The Nation: "Sorry, Elizabeth Warren, Wall Street Said No."

    Here's an excerpt from the article:

    "Obama’s refusal to take the fight to Senate Republicans by nominating Warren should be taken as the vital measure of the man. This gutless decision comes after the president populated his administration with the very people who created the financial meltdown. The Harvard credential worked for the likes of economist Lawrence Summers, who carried water for Wall Street under both Clinton and Obama, but not for that university’s distinguished law professor Warren, an outspoken defender of consumer rights who dared represent the interests of the victims of the banking scams. It is a painful reminder that for Democrats as well as Republicans, governance is still all about serving the rich."


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