Also, you are misstating WHY they are blocking the appointment.
Bullshit. MJ was correct in his post above; the Republicans are blocking the appointment because they want to destroy the agency before it can get off the ground. They are opposed to it ideologically. They don't want the bureau to be run by a 'commission' and get their money appropriated by Congress b/c they think it will make it MORE effective; they want it because they think it will make it LESS effective, and so that they can effectively neuter it.
None of this is a surprise - the Republicans have been quite clear about the fact that they don't believe Wall Street needs oversight at all, and that they think the agency will 'hurt the business' of the very same companies whose foolish and greedy actions caused the financial crisis of 20o8. They've tried to add amendments to bills this cycle that would have effectively killed the CPFB 3 times already - and failed all three times. Not only that, Republicans (especially Patrick McHenry) have been incredibly rude to Warren, the Prez' nominee for this position, to the point of insulting her to her face over and over again during a House hearing, and calling her a liar to her face.
To pretend that they are somehow principled actors in this matter is the height of ridiculousness, MM. They are not. They are acting to protect their allies on Wall Street from oversight, because - as I said earlier - they don't want a cop on the beat. They want to protect the financial industry's ability to screw over people with trickery and lies.
Don't buy into their thinly-veiled excuses for their obstruction, MM. Please.
And I'll repeat my earlier statement - can you remember the last time the Dems announced that not only would they not confirm THIS candidate for a position, they would not confirm ANY candidate for a position? If the Republicans wanted a different setup for the agency, they should have negotiated better during the creation of it last year. But they refused to do so, because it was impossible for them to vote affirmatively on ANY bill Obama wants, and now are stuck with legislation that they don't like. This doesn't mean the appropriate thing to do is to keep ANY head from being appointed to the position. It is highly inappropriate to take the position that, if the minority doesn't like the way things have gone, they will block all business in perpetuity; but that's exactly what the Obstructionist Republicans have done this cycle. Democracy doesn't work that way.