The Big Orange Machine working out of the White House in Washington wants to get cracking on replacing anybody not supplicating themselves enough to the new American order with someone who will.
Donald Trump and his loyal lieutenants in arms on Pennsylvania Avenue are ready to roll over any bump in the road that stands between them and their agenda to take the nation’s capital by force if necessary.
Among the many barriers before them is a tough Buckeye nut who’s done yeoman work on behalf of consumers across the nation, by fulfilling the mission of the Consumer Finance Protection Agency [CFPB], whose motto is it’s “a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. No Trump appointee can ever deliver on that mission given the mindset and political agenda of the president lashing his staffers forward like so many harnessed mule teams.
The Trump train has been on track ever since it first left the primary station in 2015 to derail Dodd-Frank, the bill that re-regulated Wall Street after the Great Recession it spawned splashed across the land like a national economic tsunami. Much of America still hasn’t recovered from the economic devastation it wrought, and the economic malaise felt in the hinterlands, including many of Ohio’s poor rural counties, drove many to vote for Trump over Hillary Clinton last November.
Allies of Mr. Trump have long been building a legal case to try to crack CFPB chief Richard Cordray. Cordray hails from Ohio, where he served in several public capacities before being tapped by the Obama White House to lead the agency instead of its chief creator, Massachusetts Sen. Elizabeth. Cordray, a 5-time Jeopardy! champion before his career took him into public office, is on Trump’s shortlist of people to remove.
Reports say free-market conservatives and Wall Street lawyers have him in their crosshairs, as they start to compile a file Trump can use to fish for an excuses to fire him. Per current law, the president can only remove him for “inefficiency, neglect of duty, or malfeasance.” Meanwhile, Rich Cordray’s supporters are ready for battle. “Firing him would ignite a political fuse that could cause more damage than it’s worth to his foes,” one report advances. Some Trump advisers aren’t sure that that’s the right course, because living with him might be easier than dumping him now, given his term expires in July 2018.
If the interpretation of the law should change, however, and the Donald can cut Cordray, he becomes an instant contender to run on the Democratic ticket for the open governor’s seat in 2018. The mild mannered man who on any given day is considered to be one of the smartest people in government served in the Ohio legislature, was the treasure for Franklin County and later became Attorney General of Ohio.
Hot to trot in DC, Republican senators Deb Fischer of Nebraska, John Barrasso of Wyoming and Ron Johnson of Wisconsin are sponsors of a bill that would replace the CFPB’ “independent director” with a five-person commission. Another Republican, Sen. David Perdue of George, wants to kill the CFPB and its regulations on prepaid cards through use of the Congressional Review Act.
It remains to be seen whether Richard Cordray can be shown the door earlier than his term allows, or whether this Buckeye can withstand any political nut cracking the White House thinks it can muster in the near term.