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Weekly Wrap Up: Protecting Consumers

What happened this week on

 What happened this week on

Consumer Watchdog: After appointing Richard Cordray to lead the Consumer Financial Protection Bureau earlier this week, the President traveled to Shaker Heights, Ohio to talk about his decision-- and the fight to help secure a better future for the middle class. The CFPB is in place to ensure  the integrity of the financial system and protect all American consumers from fraud and unfair play. The President said: “See, most people in the financial services industry do the right thing, but they're at a disadvantage if nobody is enforcing the rules. We can't let that happen. Now is not the time to play politics while people’s livelihoods are at stake. Now is the time to do everything we can to protect consumers, prevent financial crises like the one that we’ve been through from ever happening again. That starts with letting Richard do his job.”

Jobs for Youth: ‘We Can’t Wait’ to help young Americans find jobs. The President announced Summer Jobs+, a new initiative that will create internship and job opportunities for America’s young people. It calls for businesses, non-profits and government to work together to provide pathways to employment for low-income and disconnected youth in the summer of 2012.  Employers are still signing on to commit jobs to the Summer Jobs+ Bank, a one-stop search tool for youth to access postings from participating employers that is targeted to launch in 60 days.

Military Strategy: The President spoke at the Pentagon Thursday to outline a new global military strategy-- moving away from the expansive wars in Iraq and Afghanistan and toward a different posture that emphasizes a new focus for the future. He also reminded us of our duty here at home – to ensure that our troops returning from war receive the care and benefits they deserve. He Said: “We’re also going to keep faith with those who serve, by making sure our troops have the equipment and capabilities they need to succeed, and by prioritizing efforts that focus on wounded warriors, mental health and the well-being of our military families. And as our newest veterans rejoin civilian life, we’ll keep working to give our veterans the care, the benefits and job opportunities that they deserve and that they have earned.”

Year in Photos: From his trip to Ireland to Sasha Obama’s basketball game, the White House photographers have captured it all.  Don’t miss some of the most memorable moments from 2011. Check out the slideshow.