Archive for March, 2013

Obama’s agenda for next two years: Total control as a lame duck

If you didn’t catch the Washington Post’s story over the weekend about how President Obama intends to spend much more time this year and next year campaigning for Democrats to retake the House, give it a read. Here’s the gist of it:

Obama, fresh off his November reelection, began almost at once executing plans to win back the House in 2014, which he and his advisers believe will be crucial to the outcome of his second term and to his legacy as president. He is doing so by trying to articulate for the American electorate his own feelings — an exasperation with an opposition party that blocks even the most politically popular elements of his agenda.

Obama has committed to raising money for fellow Democrats, agreed to help recruit viable candidates, and launched a political nonprofit group dedicated to furthering his agenda and that of his congressional allies. The goal is to flip the Republican-held House back to Democratic control, allowing Obama to push forward with a …

Continue reading Obama’s agenda for next two years: Total control as a lame duck »

Olens takes on another federal overreach: Dodd-Frank

In Washington, Congress passes and the president signs a vast expansion of federal power over a large and critical industry.

In corporate boardrooms, business executives believe that law usurps their rights. In state capitals, attorneys general believe it infringes on states’ sovereignty and puts them at great financial risk. The two groups come together and sue to overturn the law.

A recap of the Obamacare lawsuit decided by the U.S. Supreme Court last summer? Yes, but it’s also the lead-up to another legal battle stemming from Democrats’ dominance of Washington in 2009 and 2010.

Last month, Georgia joined a lawsuit seeking to overturn major portions of the Dodd-Frank financial reform law of 2010. The law’s stated intent was to avoid failures of “too big to fail” banks and subsequent market panics, of the kind we saw in autumn 2008.

There are good arguments that the law’s authors got the policy wrong, and enshrined “too big to fail” in federal law rather than preventing it. …

Continue reading Olens takes on another federal overreach: Dodd-Frank »

How the present fiscal ‘crisis’ rolls right into the next one

I don’t know about you, but I haven’t had any pieces of sky falling on my head today.

The automatic spending cuts known as sequestration take effect beginning today. It’s a little early to gauge whether doom is truly upon us, but the way Americans sense the cuts have affected them — or not — will help determine how the next serial “crisis” is teed up.

We already know what that crisis will be: the debate over a new continuing resolution (CR) to fund the federal government. Because congressional Democrats have given up on the budgeting process, which would force them to commit in black-letter documents to the kind of tax-and-spend plans they desire for the coming years, the government ends up being funded for a few months at a time. The latest CR expires later this month, so it would seem the debate will now shift to that fight.

It would seem so, except that that fight is the one the White House has been waging for a couple of weeks now.

The intent of the scare stories about …

Continue reading How the present fiscal ‘crisis’ rolls right into the next one »