I think we’re starting to see how progressive members of Congress will react to the Elizabeth Warren appointment today. They appreciate it, praise it, hail it, and then they ask for more. Here’s Sen. Al Franken (D-MN):
“The President’s appointment of Elizabeth Warren to oversee the creation of the Consumer Financial Protection Bureau is a victory for America’s consumers. Warren is one of the nation’s foremost experts on consumer protection and a fierce consumer advocate who will stand up to mortgage lenders, credit card companies and other financial institutions. This is big step forward, but the work is only beginning. We must ensure that the new Bureau is as strong as possible and that Warren receives a permanent appointment.”
That’s the stance of a pragmatic and also aggressive progressive. The appointment is on-balance a good thing. It wouldn’t have happened, I don’t believe, without mass support and mass pressure. That can and should continue. Franken, like Jeff Merkley before him, led the way.