A number of shiftless gadabouts (including the denizens of this backwater) have amused themselves by laying odds on how and when The Orange Lord or one of his flying monkey minions will manage to grease the skids of the Jeopardy Champ (aka Recess Richie aka King Richard the Lame aka A Boy Named Sue) for a rapid exit from the Colossal Freakonomic Probiotic Burger (CFPB). Many ingenious justifications have been floated by those in the know if our peerless leader wanted to kick Cordray to the curb in advance of his term's expiration next July. I thought the odds were even-up that He-With-The-Cockatoo-Do might just want to keep "The Director" around town as a punching bag for himself and his running buddies like Jeb Hensarling, because nothing says "I'm Hot Stuff" like grilling a bureaucrat in a public hearing by asking him stupid questions and silently daring him to call you a "moron." Pubglicly mussing Richie's hair also has the benefit of annoying Lizzie Warren and Maxine Waters, which is an activity that never gets old.
According to a recent article in Politico, it appears that Il Duce did, in fact, intend to fire Cordray (or, at least, try to fire him and see what those dastardly federal district court judges might do with that effort). Gary Cohn, a top economic advisor to the president, reportedly took Cordray to dinner and told him that he could "go the easy way, or go the hard way." I assume the "easy way" involves the receipt of lovely parting gifts and the "hard way" involves something to do with either Rosie O'Donnell or one of those ankle-biting weiner dogs that just...won't...shut...up. Much to Cohn's surprise, Cordray responded: "In 2018, Richard Cordray will win this statewide office in Ohio in a landslide." When Cohn exclaimed "Governor," Cordray ruled him disqualified since Cohn's answer was not in the form of a question. Nevertheless, both men winked and nudged their way to a mutual understanding. As a result, the president seems to believe that he doesn't need to crush Cordray, although he may wish to do that anyway, just for sport.
According to Politico, and some political analysts, Cordray has the stroke in Ohio to wipe the floor with any Democratic challengers to replace Republican Governor John Kasich, who I think might be boarding the Moonbeam Express with California's Jerry Brown in 2018 and taking a ride to the planet Zardoz.
As much as Republicans and bankers love to loath Cordray elsewhere, In Ohio, even bankers like the guy.
“We have no quarrel with Rich,” said Jeff Quayle, senior vice president of government relations at the Ohio Bankers League. “He was given an incredibly hard job to do, starting a new agency from scratch. That was bound to lead to conflict.”
That sounds so...so...SVP-of-Government-Relations-like, doesn't it?
Other bankers in Ohio are not exactly falling all over themselves to jump on Richie's bandwagon. At least, not yet.
The Ohio Automobile Dealers Association didn’t respond to repeated phone calls and emails. Executives at Key Bank, Fifth Third, U.S. Bank, JPMorgan Chase and Huntington Bancshares didn’t want to talk publicly about one of their top regulators.
The article's authors also point out, notwithstanding Cordray's popularity in Ohio, Trump took Ohio last year "in a walk," and some stout Republican candidates are certain to oppose him next year, including, perhaps, Mike DeWine, who's beaten Cordray previously (although not on Jeopardy). Currently, it's expected to be a close race, if he does, in fact, run and gets the nomination.
The win-win for the rest of the country is that, no matter what happens with the Ohio state house, Cordray will be gone from the CFPB. You have to keep your eye on the prize.