Posts Tagged ‘President Obama’

A photo of Elizabeth Warren

Wall Street reform is on its way to becoming law. Most central to financial reform is the creation of the Consumer Financial Protection Bureau. It is one of the bill’s hardest won and most meaningful reforms. But whether the new bureau delivers on its promise depends in large part on who runs it. There’s no doubt who would be the most effective leader of the new bureau: Harvard law Professor Elizabeth Warren.

Warren first proposed the creation of a new consumer financial protection agency. And as head of the Congressional Oversight Panel, she has led the commission that has been the official group that has been the toughest – by far – on Wall Street. Because of her accomplishments and because we know she will fight for consumer rights, Public Citizen asks President Barack Obama to appoint Elizabeth Warren to lead the Consumer Financial Protection Bureau.

Ever since she was first mentioned in the discussion about Wall St. reform, the banks have been fighting against Warren’s appointment. They know she has both the will and the intelligence to effectively regulate them and they will put all their might behind a huge lobbying effort to stop her nomination and appointment. We have to use our own power as citizens to secure her appointment. Sign our petition to get Elizabeth Warren to lead the Consumer Financial Protection Bureau.

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ThinkProgress.org blogged over the weekend about BP’s attempts to “control scientific research of [the] oil disaster.” Essentially, BP has been buying up researchers in the Gulf Coast region and asking to review all their data before it is released to the public. The company is adding to its payrolls (either directly or through grants to Gulf Coast are Universities) many of the scientists working in the Gulf Coast are who are best qualified to study the spill. Because BP has such deep pockets, it can afford to pay all of these scientists to study the effects the oil is having on wildlife. In return for being paid by BP, the scientists will now send all their research to the oil giant for review before it is released to the public. Needless to say, this goes a long way towards eliminating any hope of transparency we might have.

While it is understandable and entirely legal for BP to hire these scientists and to control the data, it is not right to the American people if BP does not disclose all the research the company receives. Failing to disclose the data and reports could seriously inhibit recovery and restoration efforts.

There is only one entity with the power and financial weight to challenge BP. The federal government must both force BP to disclose all its findings and counter BP’s army of scientists with a government-sponsored team.

The oil spill seems to be coming to an end. As we hope and pray that stage two of this disaster is coming to a close, we must begin to focus on the next step. The government has failed to adequately deal with the aftermath of Hurricane Katrina. President Obama and Congress must ensure it does not fail to handle the aftermath of this disaster.

Boycott BP: http://www.citizen.org/page.aspx?pid=3311

Join us to demonstrate on Capitol Hill on the three-month anniversary of the Deepwater Horizon’s explosion.

You can also sign the “Congress: You Have Oil on Your Hands” petition.

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As President Obama addresses the nation tonight in his first State of the Union speech, people across the country will be sizing up the president’s prose with his campaign promises and actions over the past year.

Public Citizen created a guide to his SOTU address on the issues we find most critical and that we hope he will speak to. From financial reform to climate change, open government to trade, DC voting rights to the Citizens United Supreme Court decision, Public Citizen assesses Obama’s performance thus far and provides goals for Obama to achieve in the coming year.

Cable and network television stations will broadcast the address, and the White House will have a live broadcast on its Web site, as well. Watch tonight at 9 p.m. EST and let us know what your reactions are.

And if the current state of the union is too much for you to bear, here’s something that might cheer you up.

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