Until President Obama addresses our concerns by supporting a few reasonable structural changes, we will not confirm anyone to lead it. No accountability, no confirmation.Sen. Richard Shelby • Offering an ultimatum about the Consumer Financial Protection Bureau, particularly in regards to its leadership. Obama recently chose former Ohio Attorney General Richard Cordray as his pick — a slight over noted financial industry critic Elizabeth Warren, but one that will nonetheless face a tough Senate confirmation battle. The GOP wants to push a five-member commission structure for the organization, but while Obama may offer concessions to please Republicans, that particular idea is off the table. source (via • follow)
Martin’s memorable Memorial Day: President Obama announced today that Army General Martin E. Dempsey is his nominee to serve as the Chairman of the Joint Chiefs of Staff. Dempsey’s nomination will go before the Senate, where Obama’s folks have been known to languish against a partisan opposition. Seeing as military issues and figures have generally become matters of bipartisan veneration, though, we reckon this very high profile job will be an exception to that political rule. Interesting tidbit: Dempsey was sworn in as the Army’s Joint Chief on April 11th, 2011, making this an impressively quick promotion. source