Politic365

 
 


Culture

12:23am August 7, 2013

Will Reid Go Nuclear for Watt? Obama Mentions Watt Nomination at AZ Event

U.S. President Obama delivers remarks on American manufacturing in Chandler

Today in Arizona, President Obama again pushed, though gently, the Senate to nominate Rep. Mel Watt (D-NC) to be the next Director of the Federal Housing Finance Agency.  

Sen. Harry Reid (D-NV), for reasons unknown, did not include Watt’s nomination in the filibuster truce/deal that moved the nominations of Richard Cordray (Director of the Consumer Financial Protection Bureau) and Tom Perez (for Secretary of Labor).  Will Reid re-open the nuclear discussion to move Watt’s nomination? Will the White House pressure him to do it?  

The President nominated Watt on May 1.  Today, the President mentioned Watt’ nomination in Arizona on housing.

……………………

An excerpt from the President’s speech today:  ”First, private capital should take a bigger role in the mortgage market. Second, no more leaving taxpayers on the hook for irresponsibility or bad decisions. Third, we should preserve access to safe and simple mortgage products like the 30-year, fixed-rate mortgage.

Fourth, we have to keep housing affordable for first-time homebuyers and families working to climb into the middle class. We need to strengthen the FHA so it gives today’s families the same kind of chance it gave my grandparents, and preserves that rung on the ladder of opportunity. And we need to support affordable rental housing and keep up our fight against homelessness.

The Consumer Financial Protection Bureau we created is laying down new rules of the road that every family can count on when they’re shopping for a mortgage. They’re designing a new, simple mortgage form in plain English, with no fine print, so you know before you owe.

Months ago, I nominated a man named Mel Watt to be our nation’s top housing regulator. Congress should give his nomination an up-or-down vote without any more obstruction or delay.”



About the Author

Lauren Victoria Burke
Lauren Victoria Burke
Lauren Victoria Burke is a writer and political analyst. She created the blog Crewof42, a blog that covers African American members of Congress, in 2009. Ms. Burke appears regularly on NewsOneNow with Roland Martin and on WHUR, WURD, and WVON. Ms. Burke has enjoyed employment at USAToday.com and ABC News. She holds a B.A. in History from The American University. E-mail anytime: LBurke007@gmail.com. Twitter: @Crewof42




 
 

 
7432022562_3733c11c35_k

Supreme Court is allowing Texas to use strict voter ID law in Nov. election

On Saturday, the Supreme Court gave Texas the approval to move forward with implementing a strict voter identification law in the upcoming midterm election. Adam Liptak for The New York Times wrote: “The law, enacted in 2...
by Adriana Maestas
0

 
 
mayor1nyc

Noerdlinger Obsession Verifies NY Reporters Make Way Under $170,000

“It’s none of your f—ing business.” — New York City Mayor Ed Koch.  If you want to learn every detail of every parking ticket or unpaid debt of the Chief of Staff of the wife of the Mayor of New York and her boy...
by Lauren Victoria Burke
1

 
 
young-black-woman-texting

Rising Wireless Taxes Could Jeopardize Mobile Use

Economist Scott Mackey, in conjunction with the Tax Foundation, an independent tax policy research organization, recently released Wireless Taxation in the United States 2014. On average, each month when people pay their wirele...
by Kristal High
1

 

Advertisement
 
leeTerry

Republicans Release Willie Horton Type Ad to Help Rep. Lee Terry Get Elected

Breaking News: Republicans release race-baiting Willie Horton style ad less than three weeks before election day.  Bet you could have never guessed that would happen.  Even though the headline at The Hill reads “NRCC re...
by Lauren Victoria Burke
0

 
 
kasich6

Black Paper in Ohio Endorses Republican for Governor

  OHIO. The Call & Post, a historic Black newspaper established in Cleveland in 1928, endorsed Republican John Kasich for Governor over the Democrat in the race.  Instead of just rubber stamping their endorsement, l...
by Lauren Victoria Burke
1

 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>