Monday, July 26, 2010

Elizabeth Warren a (very) long shot

So all the progressives (or at least mostly all) and even some of our legislators want Elizabeth Warren to head the Consumer Protection Bureau. Barney Frank even wants President Obama to make it a recess appointment, "if necessary."

Of course, Tim Geithner is at best cool on the subject. How's this for a ringing endorsement?
I think she would be a very effective leader of that institution...
Considering President Obama's penchant for  being a "centrist" and disappointing his progressive base, I predict that he and Geithner will do a secret head count to see where the land lies to getting her approved. If they don't have the votes, he will nominate her and watch her go down in flames.

He can then say that he tried, but darn those legislators! He certainly won't push very hard.

If it looks like she would be approved then he won't nominate her. I would definitely be surprised if he went with Rep. Frank's idea and made a recess appointment. I seriously doubt that.

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