In 2010, as Americans were fighting with all their strength to survive the meltdown of 2007-2009, Sen. Mitch McConnell infamously said, “The single most important thing we want to achieve is for President Obama to be a one-term president.”
The line was repeated again and again by Democrats and the folks on MSNBC. How could this Republican Senator’s primary goal in his capacity as a public servant be to defeat the president? What about the foreclosure crisis? Or the auto industry? Or job creation? To many, this seemed less like “principled opposition,” and more like a recipe for gridlock in Congress, by blocking the Obama administration in its efforts to conduct the business of governing our nation. The apparent goal was to send the president back to Chicago and when it came to the Consumer Financial Protection Bureau, to sequester Elizabeth Warren to her Harvard ivory tower.
Now the glittering confetti of the GOP’s exploded death star drifts harmlessly through the zero-gravity of deep space. My, what a difference a day makes.
The president will be living just down the road from the Senator for four more years, and he’ll be bumping into Senator Warren in the Senate cloakroom for at least the next six.
No doubt, that reality is beginning to set in for Sen. McConnell. The history books will record this as a victory for consumer protection, which the Republican party has obsessively caucused against at every turn. It won’t be quite so easy for them to decimate Dodd-Frank now, nor are they likely to prevail in their efforts to defang the Consumer Financial Protection Bureau. Senator-elect Warren, whom they sought to marginalize, will now be front and center in the fight to defend the fledgling agency in its efforts to protect families from predatory financial practices.
Last year, emboldened by the U.S. Chamber of Commerce, the American Bankers Association, the Koch brothers and their Tea Party “patriots,” Republicans in Congress tried every tactic they could muster to undercut the CFPB — from attempts to dilute its leadership
You can read the rest of this article at: http://www.huffingtonpost.com/adam-levin/senator-mitch-mcconnell-m_b_2090329.html