Presidential Remarks on the Economy

President Obama spoke about the U.S. economy at at Shaker Heights High School. In his opening remarks he announced the recess… read more

President Obama spoke about the U.S. economy at at Shaker Heights High School. In his opening remarks he announced the recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB), which was created as part of the 2010 financial regulations law. He tied the appointment and the CFPB itself to his administration’s efforts to foster “an economy where everyone plays by the same rules.”

The appointment of Mr. Cordray was controversial in that the Senate has been holding pro forma sessions every three days while both the House and Senate are on longer recesses in order to block recess appointments. President Obama has argued that the sessions are a ploy to thwart his executive authority. Senate Republicans had previously filibustered votes to confirm Mr. Cordray. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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Presidential Remarks on the Economy

15,830 Views
Program ID:
303494-1
Category:
White House Event
Format:
Speech
Location:
Shaker Heights, Ohio, United States
First Aired:
Jan 4, 2012
Last Aired:
Jan 5, 2012

Airing Details

  • Jan 04, 2012 | 1:13pm EST | C-SPAN 1
  • Jan 04, 2012 | 1:25pm EST | C-SPAN 1
  • Jan 04, 2012 | 6:28pm EST | C-SPAN 1
  • Jan 04, 2012 | 11:53pm EST | C-SPAN 1
  • Jan 05, 2012 | 4:33am EST | C-SPAN 1
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