Deep down, Barack Obama needs to admit to himself that his first few actions of his presidency were designed to reinforce his chances for a second term in office, and they have backfired miserably.
Be it trying to get the 2016 Olympics for Chicago, or his stimulus package designed to reward his supporters, or hiring Timothy Geithner, Barack Obama chose to send an already bloated budget deficit even higher as a perk that most likely benefited his own supporters the most.
I don't know who will be president in 2012, but I believe whomever runs the Consumer Protection Financial Bureau for the next four years could end up being the ideal choice for president in 2016.
If Barack Obama is hell bent on running on his record and most likely losing in 2012, I would suggest Hillary Clinton be appointed to run the Consumer Protection Financial Bureau as soon as possible so that she can either retire from politics in 2016 having made an actual difference in the U.S., or be set up for a presidential run in 2016 with the CPFB on her resume for the prior four years.
If Barack Obama wants to mend his political resume, four years as CPFB might actually be the best test for him as well. Either way, it would be foolish for Barack Obama and Hillary Clinton to miss this golden opportunity of running the CPFB as soon as possible.
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