Today, America faces a make-or-break moment for the middle class.

After the worst economic crisis of our lifetimes, some still want to return to the same policies that got us into this mess. They’re the same policies that have stacked the deck（预先设定） against working Americans for too long. They’re part of a philosophy that says we’re better off when everyone is left to fend¹ for themselves and play by their own rules.

But I have a different vision. I believe that we are greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, everyone does their fair share, and everyone engages in fair play.

To ensure fair play, last year, we passed the toughest financial reform in generations.

See, for too long, the rules weren’t the same on Wall Street as they were on Main Street. Risky² bets were made with other people’s money. Some folks made a lot of money taking advantage of consumers. It was wrong. And this irresponsible behavior on the part of some contributed to the worst financial crisis since the Great Depression.

So this financial reform refocuses the financial sector³ on what’s really important: getting capital to entrepreneurs who want to grow their businesses, and financing to millions of families who want to buy a house or send their kids to college.

A key part of that was putting in place the first-ever consumer watchdog – someone whose job it is to protect American families from being taken advantage of by mortgage lenders, payday lenders, and debt collectors.

Tens of millions of Americans use these services. Protecting them from unscrupulous（肆无忌惮的） practices is an important job. And that’s why I nominated Richard Cordray to serve as the head of this consumer watchdog agency.

As the former Attorney General of Ohio, Richard helped recover billions of dollars on behalf of retirees and stood up to dishonest lending practices. He has the support of most Attorneys General across the country, both Democrats⁴ and Republicans. Members of Congress from both parties say he’s more than qualified⁵ for the job. And yet on Thursday, Republicans blocked his nomination⁶. They refused to even allow it to come up for a vote.

That doesn’t make any sense. Do Republicans in Congress think our financial crisis was caused by too much oversight⁷ of mortgage lenders or debt collectors?  Of course not.  And every day America has to wait for a new consumer protection watchdog is another day that dishonest businesses can target and take advantage of students, seniors, and service members.

So I refuse to take “no” for an answer. Financial institutions have plenty of high-powered lawyers and lobbyists looking out for them. It’s time consumers had someone on their side.

And while they’re at it, Republicans in Congress should stop the games and extend the payroll⁸ tax cut for working Americans. Because if they don’t, nearly 160 million Americans will see their taxes go up at the end of this month.

Congress can’t end the year by taking money out of the pockets of working Americans. Now is not the time for playing politics. Now is the time to do what’s right for the American people.

No one should go home for the holidays until we get this done. So tell your Members of Congress, don’t be a Grinch. Tell them to do the right thing for you and for our economy. Thank you.