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Ryan lauds Obama’s bold statement in Cordray appointment

Published: Wed, January 4, 2012 @ 8:15 p.m.

Ryan lauds Obama’s bold statement in Cordray appointment


U.S. Rep. Tim Ryan of Niles says President Barack Obama’s decision Wednesday to defy Republican lawmakers and install former Ohio Attorney General Richard Cordray as a national consumer watchdog is great for the Mahoning Valley and a bold statement.

“Rich Cordray is a friend to all of us here in the Mahoning Valley, and he’s a strong advocate,” Ryan said during a Wednesday news conference at his Warren office.

“It’s exciting that President Obama is saying Wall Street has misbehaved, and he’s gonna take every measure possible to make sure we have the proper agency in place to monitor Wall Street and the proper person in place to protect the consumer.”

Obama named Cordray the first director of the Consumer Financial Protection Bureau, and the move has provoked GOP threats of a constitutional showdown in the courts.

Republicans had blocked Cordray’s appointment, expressing concerns not about Cordray but about the powers of the agency.

U.S Sen. Rob Portman of Ohio, a Republican, said in a Wednesday statement that he has “strong concerns about the impact this new regulator would have on all of us as consumers, on job creation, and on our economy.”

He added, “No other federal regulator has so much authority over personal economic decisions, with so little responsibility to answer to the American people and their elected representatives.”

But Ryan, a Democrat, said lack of oversight of Wall Street is the reason for the national economic collapse of 2008 and the foreclosure crisis.


1georgejeanie(1538 comments)posted 4 years, 6 months ago

Ryan, a Nancy Pelosi lap dog. I guess Jay Williams as cxar czar was a good move also. Williams, mayor of a city in decline, just visited that dump of a city, it is in appalling shape.Where is the tax base?I can see all the good jobs Williams and Ryan have brought to the Valley. Now the USPS closing the disbursementcenter with the loss of 500 more jobs. You mean your congressman Ryan has soo little influence?

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2republicanRick(1736 comments)posted 4 years, 6 months ago

This is an illegal appointment by Obama and it is scary that the Vindy and other liberal media do not voice strong opposition to the appointment.

The press has failed to be a watchdog for the people. That is the main story here. The rule of law was not followed by Obama; he has become a dictator with no checks and balances provided by the main street media. Very disturbing.

And Tim Ryan does not care that laws were not followed and the constitution adhered to in this appointment, only that his team wins. It shows he has no honor or soul or integrity.

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3UnionForever(1470 comments)posted 4 years, 6 months ago

I don't agree often with Tim, but this time I do. A simple up or down vote in the senate could have avoided this whole confrontation. Obama is right to take it to the "do nothing" Republicans who have done nothing but say No or stop any progress during Obama's years to keep him from getting re-elected at the cost of the citizens best interests. Three cheers for Barack!!!

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4db(280 comments)posted 4 years, 6 months ago

The Wall Street 'misbehavior' was due to Barney Frank & Chris Dodd's housing bill which forbade lenders from denying loans to people who could not afford them; not the lack of oversight. The collapse of our economy is directly attributed to global trade policies implemented by Bill Clinton (NAFTA/CAFTA/GATT) and the housing debacle caused by Dodd-Frank. To all of the Obama-lovers out there; Obama has been in office for three years; the first two with a Democratic House & a Democratic Senate. He got everything he wanted. Do not blame anyone except Obama for our current bad situation.

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5walter_sobchak(2726 comments)posted 4 years, 6 months ago

I don't believe the filibuster rule in the Senate should be applicable to presidential appointments. I would think "advice and consent" of the Senate should be a straight up and down vote and all nominees deserve to be voted on, no matter the party. My problem is that we keep creating one more layer of govt beauracracy.

Well stated!

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6Dan_Moadus(33 comments)posted 4 years, 6 months ago

It's a shame that Ryan doesn't have enough respect for the law to object to this President dis-regarding the very law that the Democrat Party used to block Bush's appointments. Bush, at least was honorable enough to obey the law even though it was used in an underhanded way. There isn't a shred of honor in Tim Ryan.

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7db(280 comments)posted 4 years, 6 months ago

Thanks walter. The president is supposed to reflect the values of America and the last time I checked we were not a socialist country. We wanted to drill our own oil reserves. We wanted policed borders. We were against illegal immigration. We were against czars and political appointments. We were against federal deficits & borrowing from China. We were against government control of our lives.

So what the hell are we doing with Obama in the White House and why would any American support & defend him? If Obama was white, would he have been elected?

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8republicanRick(1736 comments)posted 4 years, 6 months ago

Now the liberal elite want to stop all drilling in this area. The Marcellus shale will result in many blue collar jobs and money for this area.

But, the liberals want control of everything and they, as of now, do not control this business. Thus they are looking for ways to have government and regulatory control.

Liberal elites strangle the economy and put working families without jobs.

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9300(573 comments)posted 4 years, 6 months ago

DB, I'm sorry but how can anyone take anything seriously that you have to say when you've repeatedly made posts that bring up "GATT" and use it against Obama.

Do you know how ridiculous that makes you look to anyone with any education in economics?

Also, you're against political appointments? You do realize what a political appointment is, right? If so, then you'd see the role it plays in government, and also in checks and balances.

Just because you can afford a computer and an internet connection doesn't mean that you should go ahead and post whatever comes through your mind. When you're uninformed, or simply uneducated, you should refrain from making any post.

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10snydro0108(61 comments)posted 4 years, 6 months ago

Tim Ryan, you douche. You are a freakin loser. You can sit back and comment on something that will take part from Washington (Cordray's new office), but when it came to the United States Postal Service stating they could close down the Youngstown branch, you were nowhere to be found at the rally in Youngstown. You are so lucky that you come from an extremely Democratic area because you don't deserve to be re-elected to anything, ever.

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11James_S(268 comments)posted 4 years, 6 months ago

I heard it through the grapevine that Tim Ryan is no longer engaged to Nancy Pelosi's daughter.

I agree Walter-
Well stated!"

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