Liberals in the media hail Warren as the “protector of the middle class.” Warren may genuinely care about the middle class. Her own mantra is: “Dang gummit, somebody has got to stand up on behalf of the middle class!” Sadly, she does not understand the free markets that prevent the middle class from slipping into poverty.
She only understands rules. Before teaching law (man’s rules) at Harvard Law School, she taught Sunday school (God’s rules). Warren loves rules so much that the Ten Commandments and the Constitution are not enough for her. She wants more.
Last July, President Obama signed the Dodd-Frank financial-regulatory-reform bill. Among other things, this bill ushered in a new government agency called the Consumer Financial Protection Bureau. The President selected Warren to design this agency since it was her idea in the first place (she wrote an essay in 2007 that planted the idea in his mind.) Then, he named Warren his “assistant” and “special adviser” to Secretary of the Treasury.
Time Magazine reports that big-government advocates like Stephanie Taylor of the Progressive Change Campaign Committee hope that the President will go one step further. Even though “(T)he bureau is still establishing the exact scope of its authority… ,” Time reports, “Taylor’s group is urging Obama to take the provocative step of a recess appointment of Warren during one of the many weeks Congress will be away this summer.”
The Consumer Financial Protection Bureau will open on July 21. The agency cannot formally act or issue rules until it has a director. President Obama has delayed naming Warren to the head of the agency in part because of the heated pressure he has received from Republicans in Congress.
Despite this ambiguity, the agency is already working on projects such as the “Know Before You Owe” campaign to simplify mortgage application paperwork, reports the New York Times.