{"id":188501,"date":"2010-09-15T18:15:00","date_gmt":"2010-09-15T23:15:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/09\/15\/i-called-it\/"},"modified":"2010-09-15T18:15:00","modified_gmt":"2010-09-15T23:15:00","slug":"i-called-it","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/09\/15\/i-called-it\/","title":{"rendered":"I Called It"},"content":{"rendered":"<div style=\"border: 1px solid black; margin: 0px 10px; padding: 5px; width: 400px; float: right; text-align: center;\"><a href=\"http:\/\/img25.imageshack.us\/img25\/4224\/12593666114458678254.gif\"><img decoding=\"async\" src=\"http:\/\/img25.imageshack.us\/img25\/4224\/12593666114458678254.gif\" bordercolor=\"white\" border=\"0\" width=\"390\" \/><\/a> <span style=\"font-style: italic;\">This is what the betrayal feels like to me, and I never believed in him.<\/span><\/div>\n<p>Remember when I said that Obama would <a href=\"http:\/\/40yrs.blogspot.com\/2010\/09\/how-barack-obama-could-appoint.html\">not recess appoint Elizabeth Warren, or use the law to allow her to be the interim head of the Consumer Financial Protection Bureau<\/a>, because that&#8217;s what the DFH&#8217;s<sup>*<\/sup> would want?<\/p>\n<p>Well, I was right.  The White House is now shopping its plan to the media, and <a href=\"http:\/\/blogs.abcnews.com\/politicalpunch\/2010\/09\/exclusive-president-obama-to-this-week-name-elizabeth-warren-to-special-advisory-role-to-white-house.html\">ABC&#8217;s Jake Tapper<\/a> has the scoop:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.<\/p><\/blockquote>\n<p>So she will be a &#8220;special advisor&#8221;, not a recess appointment, nor the better alternative of an interim appointment.<\/p>\n<p>So, she won&#8217;t have authority to:<\/p>\n<ul>\n<li>Set budgets.<\/li>\n<li>Hire staff.<\/li>\n<li>Fire staff.<\/li>\n<li>Explicitly write policy.<\/li>\n<li>Direct investigations.<\/li>\n<\/ul>\n<p>But I guess that she will be writing some <span style=\"font-weight: bold;\">really<\/span> nice policy papers.<\/p>\n<p><a href=\"http:\/\/twitter.com\/mattyglesias\/statuses\/24606028607\">Matthew Yglesias nails what is going on<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>With Warren, Obama showing real innovation in developing odd, satisfying to nobody compromises.<\/p><\/blockquote>\n<p>If this is what demoralizes your base.  They follow this stuff closely, and the people who stuff envelopes and go door to door are the sorts who do follow this stuff closely, and it takes about 3 minutes to realize that this is a canard.<\/p>\n<p>Honestly, appointing Warren is a no pain all gain alternative, because the American people <span style=\"font-weight: bold;\">hate<\/span> the bankers, but they are afraid of offending people.<\/p>\n<p>&lt;Facepalm&gt;<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\"><span style=\"font-weight: bold;\">D<\/span>irty <span style=\"font-weight: bold;\">F<\/span>%$#ing <span style=\"font-weight: bold;\">H<\/span>ippies.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is what the betrayal feels like to me, and I never believed in him. Remember when I said that Obama would not recess appoint Elizabeth Warren, or use the law to allow her to be the interim head of the Consumer Financial Protection Bureau, because that&#8217;s what the DFH&#8217;s* would want? Well, I was &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1051,985,982,1173],"tags":[],"class_list":["post-188501","post","type-post","status-publish","format-standard","hentry","category-finance","category-hypocrisy","category-regulation","category-stupid","category-white-house"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188501"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188501"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}