Archive for the ‘Obama’ Category

Obama administration: This recovery is slow, so let’s repeat the mistakes of the Great Recession!

Forget about banks being Too Big to Fail — or, per Attorney General Eric Holder, Too Big to Jail. As the Obama administration tries to restart some of the same bad decision-making that created the last housing crisis, any banks coerced into re-inflating a housing bubble may be able to say the system was Too Rigged for Them to Fail/Be Jailed. From the Washington Post:

The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.

President Obama’s economic advisers and outside experts say the nation’s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession.

In response, administration officials say they are working to get …

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Live from D.C.: House GOP preps for visit from Obama

WASHINGTON — President Obama comes to Capitol Hill on Wednesday to meet with House Republicans. Or, as Rep. Tom Price put it to me Tuesday, “Four years and two months into his term in office, it’s nice that he comes and visits us for a second time.”

Clearly, there are some trust issues between the two sides.

“Trust is the coin of the political realm, and you can’t do anything without trust,” the Roswell Republican continued. But he did leave an opening for optimism.

“Anything the president does to begin to build a foundation of trust is important. … We’re hopeful this is a sincere effort. But time will tell. A single meeting does not trust build.”

Price’s comments on both the limits of what can be accomplished in one meeting and the promise of even having a meeting were echoed by another Georgia Republican congressman.

“There are no words [Wednesday] that can bring us closer to a solution,” said Rep. Rob Woodall of Lawrenceville. “What we need are deeds. … I’m certain we have …

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Live from D.C.: Is budget bipartisanship in the works?

WASHINGTON — Greetings from the nation’s capital, where I’m spending this week to meet with members of Georgia’s congressional delegation before attending the American Conservative Union’s annual CPAC conference. (I had some technical issues when I first arrived yesterday, but those have been resolved.)

I’m early into my schedule on Capitol Hill, where I’m spending most of Tuesday and Wednesday, but there’s a buzz about President Obama’s outreach to congressional Republicans — and whether it’s real.

Last week, of course, Obama dined with a dozen Republicans and called several more. This week, he’s meeting with both the Republican and Democratic caucuses in both the House and the Senate — not part of the routine for this president. All of these moves have come since the automatic spending cuts known as sequestration took effect March 1, after Obama and the GOP couldn’t agree on a substitute package.

Obama has talked a good game about bipartisanship before, but some folks on the …

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Corporate welfare alive and well in the Obama administration

Who is happiest with President Obama’s nominees to head the EPA (Gina McCarthy) and the Energy Department (Ernest Moniz)? As Tim Carney explains, it’s neither environmentalists on the left nor free marketeers on the right, but the lobby groups that seek as many beneficial — for their corporate members — government subsidies and mandates as possible:

Although Obama regularly talks about ending “corporate welfare,” battling the “special interests” and creating a “level playing field,” he has steadfastly supported government favors for the ethanol industry — favors that increase costs for drivers, taxpayers, ranchers and grocery shoppers.

The Solar Energy Industries Association also applauded Obama’s nomination of McCarthy and Moniz. Solar companies profit from a production tax credit that Obama recently fought to extend, and a plethora of stimulus subsidies such as loan guarantees, tax credits and grants.

Check who’s investing big in solar energy, and you’ll notice a lot of …

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Pressuring the people to pressure the politicians about our national debt

First came the New Year’s tax increases of the “fiscal cliff.” Last week, the automatic budget cuts known as sequestration took effect. Still, Congress will spend much of March negotiating a deal to fund the federal government for the next six months — a deal that, in all likelihood, will mean borrowing hundreds of billions of dollars more.

Lurching from one crisis to the next, however real or contrived each one may be, has not put the country on a more solid, sustainable fiscal path. That’s where Maya MacGuineas comes in.

“We actually know for the most part what the parameters of a fix are,” MacGuineas, head of the bipartisan Committee for a Responsible Federal Budget, told me during a stop in Atlanta two weeks ago. “You know that you’re going to have to look at all parts of the budget.

“You know that a key challenge here is reforming our entitlement programs, as aging and health care are driving the debt, and that … we can reform entitlement programs in ways that are true to …

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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 …

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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 …

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Obama has the authority to ensure sequester cuts don’t bite

Facts 1, Democratic Scare Stories of All the Carnage to Result From Cutting $85 Billion Out of a $4 Trillion in Spending 0. From the Wall Street Journal:

[I]f any of these cataclysms [mentioned by President Obama and congressional Democrats] do come to pass, then they will be mostly Mr. Obama’s own creation. The truth is that the sequester already gives the White House the legal flexibility to avoid doom, if a 5% cut to programs that have increased more than 17% on average over the Obama Presidency counts as doom.

According to Mr. Obama and his budget office, the sequester cuts are indiscriminate and spell out specific percentages that will be subtracted from federal “projects, programs and activities,” or PPAs. Except for the exemptions in the 2011 budget deal, the White House says it must now cut across the board regardless of how important a given PPA is. Food inspectors, say, will be treated the same as subsidies for millionaire farmers.

Not so fast. Programs, projects and …

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Obamacare fallout: Part-time employees losing their health insurance

With Obamacare now about 10 months from taking effect, get used to more stories like this one from the Orlando Sentinel:

Universal Orlando plans to stop offering medical insurance to part-time employees beginning next year, a move the resort says has been forced by the federal government’s health-care overhaul.

The giant theme-park resort, which generates more than $1 billion in annual revenue, began informing employees this month that it will offer health-insurance to part-timers “only until December 31, 2013.”

The reason: Universal currently offers part-time workers a limited insurance plan that has low premiums but also caps the payout of benefits. For instance, Universal’s plan costs about $18 a week for employee-only coverage but covers only a maximum of $5,000 a year toward hospital stays. There are similar caps for other services.

Those types of insurance plans — sometimes referred to as “mini-med” plans — will no longer be permitted under the federal Affordable Care …

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Welcome to Atlanta, Mr. President. Now about pre-k . . .

President Barack Obama is expected in Atlanta today, to pitch a problem to a solution.

No, I don’t have that backward.

The president’s planned visit today to a Decatur pre-k school comes on the heels of his lauding Georgia’s preschool program during his State of the Union address Tuesday night. He wants to use it as a model for a federal effort “to make high-quality preschool available to every child in America.”

While I join Obama in applauding educational innovation in the states, I can think only of reasons a federal preschool program is a bad idea. Not least is the fact that the existing federal preschool program, Head Start, has been declared a failure by the very agency that administers it.

Head Start, a program for low-income children, has been around since 1965. But three years ago, after four and a half decades and $166 billion spent on the program, the Department of Health and Human Services concluded first-graders who had been in Head Start held virtually no …

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