She says: "Dear GOP: We Don't Negotiate With Hostage Takers".
Last week, 44 Republican Senators signed a letter to President Obama declaring that they will refuse to confirm anyone as a director of the new Consumer Financial Protection Bureau (CFPB) "absent structural changes that will make the Bureau accountable to the American people."
The changes they propose -- which match legislation being considered today by the full House Financial Services Committee-- would cripple the bureau and slow the reforms necessary to help avoid another financial crisis.
In other words, Senate Republicans have the CFPB, and if we ever want to see it alive, we have to meet their demands.
My good friend and colleague Barney Frank called this "the worst abuse of the confirmation process I've ever seen" and I couldn't agree more.
Another Negotiation Technique.
How to Deal with Republican Hostage Takers: Make the GOP Cough Up the Details to Slash Medicare via C&L
Now is the time for Democrats to put all out pressure and make Boehner and McConnell cough up the details on their planned cuts. Make them caught up the details on how they envision gutting medicare and other programs, and hang those around their necks. We have already seen how these guys can get easily flustered if you put a little pressure on them and force them to deal with facts.
Democrats need to keep pushing them to cough up their plans on how they want to cut the deficit. Make them spell out the details on their plan to gut medicare. Now is the perfect time to turn that heat up even more.