In a sign of the total collapse of the wall between governing and his reelection campaign, President Obama has begun fundraising off his appointment of Richard Cordray to head the Consumer Financial Protection Bureau, dispatching a money-seeking email the very same day he installed Cordray by recess appointment.
According to a piece in Big Government by Heritage Foundation blogger Rob Bluey, an email sent by the campaign to its vast list masquerades as a petition seeking a show of support for the Cordray appointment. Once recipients sign onto the petition, they are asked to donate up to $2,500.
Cordray’s nomination has sparked an emotional debate which Obama’s fundraisers are clearly hoping to tap into. Republicans have held up Cordray’s nomination, demanding that Obama make changes to the CFPB before they allow his name to a vote. Many of them view the recess appointment as an outrage, believing they have kept the Senate out of recess through a technical maneuver.
Liberals have been adamant that Obama make a stand on Cordray. Their passion – many view the CFPB as the savior and protector of downtrodden citizens formerly at the mercy of Big Bad Banks – must be viewed by the White House as an ideal lever with which to raise money.
The email, written by Obama 2012 Policy Director James Kvaal, is hard edged, attacks the two leading GOP candidates, and seeks to prey on recipients’ fears.
Today the President appointed former Ohio Attorney General Richard Cordray as Director of the Consumer Financial Protection Bureau. For months, Senate Republicans — with Mitt Romney and Rick Santorum right behind them — have fought this bureau every step of the way . . .
We can’t afford to continue allowing Wall Street to write its own rules. But today’s action by the President is already coming under partisan attack, which we expect to intensify in the days to come.
But Mitt Romney apparently doesn’t think consumers deserve any protection at all from predatory lenders and other bad actors. His plan to fix the economy is simply to deregulate it. His proposal for the housing market is to let it “hit the bottom” so that investors can come in and make a quick buck.
The President thinks we need a cop on the beat preventing the reckless behavior that helped cause the financial crisis and so many problems for middle-class families in the first place.
As if to drive home the politicization of the process, Obama announced the Cordray appointment during an appearance Wednesday in Ohio, which along with Florida is perhaps the most coveted swing state in the presidential campaign.