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Obama to Make Controversial Recess Appointment
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President to appoint Richard Cordray as head of Consumer Financial Protection Bureau
- Duration 2:32
- Date Jan 4, 2012
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President to appoint Richard Cordray as head of Consumer Financial Protection Bureau
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Now -- President Obama.
Is taking his economic message and a controversial appointment to Ohio that critical swing state is one that he won in 2008.
He's expected to speak there this afternoon and he will challenge his Republican rivals on the economy.
He miss his first presidential trip of the new year Ed Henry live at the white house with more on what the president is up to today and.
Good to see John yes this is really the most aggressive aspect of that we can't wait campaign we've seen from the president basically using his executive authority.
To use a recess appointment while congress is out right now in order to get Richard portray -- as a new consumer protection chief why this is so controversial.
Among Republicans is is that this is an outgrowth this consumer protection office of the controversial Dodd-Frank Wall Street reform bill -- Republicans believe it needs to be more accountability to this new office before somebody is appointed in installed there they think this office could end up issue of all kinds of regulations that will choke off.
Businesses the White House view is that where they have the authority to move forward here Republicans were blocking the president's nomination.
And they wanna make sure consumers have new protections.
In place in this tough economy all of this the -- in the backdrop of enabling the president to portray himself continue to do is -- seen before as a warrior for the middle class she's doing it today in Ohio traveling aboard Air Force One right now with -- quarter in fact -- court -- is -- a former attorney general in Ohio and last night that -- all the Iowa Caucuses were playing out the drama on the Republican -- the president was here in Washington but -- -- live webcast.
With some Iowa Democrats who were caucusing for him.
In his message -- he's not waiting around for congress and he wants some more time in office to get more done Nicholas.
The main message that we're gonna happen in 2012.
Is that it.
We don't want them know what we're gonna.
And that's why we need another four years get a hold up.
It interesting because in early 2000 -- -- the president told NBC's Matt Lauer that if you can get this turned around.
In three years in the president's words this would be a one term proposition he's now trying to buy a second term the eventual Republican nominee obviously likely try to make the case the president's had his time in office the country not better off after a four years at that point they'll make that case the president of course try to push back and saying he's putting things on the right track it deserves more time John.
And more on that controversial -- reappointment ahead Ed Henry at the White House thank you.