GOP contender Mitt Romney just released a statement on President Obama’s expected recess appointment of consumer watchdog Richard Cordray calling it “Chicago-style politics at its worst.”
“President Obama’s Consumer Financial Protection Bureau is perhaps the most powerful and unaccountable bureaucracy in the history of our nation, headed by a powerful and unaccountable bureaucrat with unprecedented authority over the economy. Instead of working with Congress to fix the flaws in this new bureaucracy, the President is declaring that he ‘refuses to take no for an answer’ and circumventing Congress to appoint a new administrator. This action represents Chicago-style politics at its worst and is precisely what then-Senator Obama claimed would be ‘the wrong thing to do.’ Sadly, instead of focusing on economic growth, he is once again focusing on creating more regulation, more government, and more Washington gridlock. As President, I will focus on turning around our economy so that America can once again lead the world in job creation.”
