Mitt Romney is of and by the 1%, and this is most easily seen when you realize that Romney is the ONLY candidate on either side whose top 5 largest contributors are Wall Street firms:
Goldman Sachs: $367,200
Credit Suisse Group: $203,750
Morgan Stanley: $199,800
HIG Capital: $186,500
It’s little wonder that Mitt Romney, the cofounder of private-equity firm Bain Capital, has banked more than $1.1 million from the financial-services industry for his presidential run. Romney still has strong ties to Wall Street, and each year his own bank account benefits to the tune of millions of dollars, per his retirement agreement with Bain.
On Wednesday, President Obama surmounted three years of GOP obstruction by recess appointing a director to the Consumer Financial Protection Bureau yesterday. The Hill:
Earlier in the day Obama announced he would circumvent the Senate and make a recess appointment to put Cordray in charge of the bureau. That decision comes in response to Republicans refusing to hold confirmation hearings for Cordray [just as they refused to do so for Elizabeth Warren for three years] until the White House modified the bureau so it has more oversight and is run by a small panel rather than one director.
In a statement issued by Romney, he and his fellow Republicans are all about the bullshit regarding recess appointments, Romney calling it “Chicago-style politics at its worst”:
“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,” Romney said in a statement. “This action represents Chicago-style politics at its worst and is precisely what then-Sen. eleObama 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.”
The fact is that President Obama has tried for three years to get the obstructive 111th & 112th Congresses to confirm a director. They have refused to do so because they want the regulatory agency to die.
The U.S. Chamber of Commerce the One Percent stands with Romney for the 1 percent, against the 99 percent, threatening a lawsuit against the Obama Administration.
Oh, and just so we’re clear, Republicans have no problem whatsoever with recess appointments when they are the party in power. Adam Serwer:
According to reports from the Congressional Research Service, during their time in office President Ronald Reagan made 240 recess appointments, President George H. W. Bush made 77 recess appointments, President Bill Clinton made 140 recess appointments, and George W. Bush made 171. Obama's first term has seen a paltry 28.