democrats are saying, which is that the white house needs to not wait for congress to act. he needs to propose something that s big, that s boll, that s visionary. but we keep hearing those words big and bold. you added visionary as well. what about the political reality? the fact of the matter is that the president could give $1 million to everyone who s unemployed, but if it s not going to pass the house, then where are we two months from now? that s right. there s a credibility factor here too chr, which is that the president has to propose something the republicans are going to sign off on. we re hearing from the white house that they re going to be talking about some of the things republicans have signedn to in the past. on the other hand, the white house has tried that before, whether it was in health care or financial regulatory reform. it didn t seem to get them anywhere. even giving republicans what they ve called for in the past may not necessarily mean that the plan is g
like to get back in there? let me start with the first part, we would not have a consumer agency if not for president obama. two years ago, right about now, he looked out and said the consumer agency, that s what i want to put in financial regulatory reform. over the next year while everybody fought back and forth over the regular reform bill, there were a lot of offers on the table to get something else. he consistently said no. and a year ago right now, this week, he signed into law a bill that made this consumer agency exist and as strong and independent way. now, since then, what s happened is there are folks on capitol hill, republicans in the senate and the house, they voted against the bill to begin with against the agency to begin with, they ve introduced bills to try to cut our funding, introduced bills to try to make us less independent, introduced
running the agency, and if now you are leaving washington, heading home to massachusetts, you if feel like you have developed a washington allergy or if you d like to get back in there. let me start with the first part because we all have to remember this. we would not have a consumer agency if not for president obama. two years ago, right about now, he looked out and said the consumer agency, that s what i want to put in financial regulatory reform. over the next year while everybody fought back and forth over the regular reform bill, there were a lot of offers on the table to get something else. kill the consumer agency or weaken it. he consistently said no. and a year ago right now, this week, he signed into law a bill that made this consumer agency exist and as strong and independent way. now, since then, what s happened is there are folks on capitol hill, republicans in the senate and the house, they voted against the bill to begin with
there. let me start with the first part because we all have to remember this. we would not have a consumer agency if not for president obama. two years ago, right about now, he looked out and said the consumer agency, that s what i want to put in financial regulatory reform. over the next year while everybody fought back and forth over the regular reform bill, there were a lot of offers on the table to get something else. kill the consumer agency or weaken it. he consistently said no. and a year ago right now, this week, he signed into law a bill that made this consumer agency exist and as strong and independent way. now, since then, what s happened is there are folks on capitol hill, republicans in the senate and the house, they voted against the bill to begin with against the agency to begin with. they ve introduced bills to try to cut our funding. they have introduced bills to try to make us less independent.
consumer agency, that s what i want to put in financial regulatory reform. over the next year while everybody fought back and forth over the regular reform bill, there were a lot of offers on the table to get something else. he consistently said no. and a year ago right now, this week, he signed into law a bill that made this consumer agency exist and as strong and independent way. now, since then, what s happened is there are folks on capitol hill, republicans in the senate and the house, they voted against the bill to begin with against the agency to begin with, they ve introduced bills to try to cut our funding, introduced bills to try to make us less independent, introduced bills so we have a gummed up structure so we can t get