Category Archives: President
Who says the president lacks a steady management style. The Affordable Care Act of the second term looks like the Recovery Act of the first term – not as shovel ready as expected. The solution remains the same. More speeches.
While the front door to the ObamaCare website appears to be fixed the back door is standing wide open.
The constitution says the president must take care that the laws be faithfully executed.
David Mamet says our president is a tyrant. Our president says he’s a pragmatist. He also says we are a nation of laws and that he doesn’t have the power to issue executive orders ending deportations.
Except that he did issue an executive order limiting deportations after the Senate voted down the Dream Act. And he just overturned parts of his own health care law by unilaterally issuing waivers to cronies, suspending the employer mandate, and telling insurance companies to stop canceling policies that ObamaCare requires them to cancel.
Other than that he’s a helpless pragmatic bunny.
Nation of Laws
Kevin D. Williamson, in National Review, agrees that Obama is a pragmatist – a lawless pragmatist. He says Obama believes in committees of experts rather than the constitution:
Harry Reid has just helped take the brakes off of President Obama’s lawless agenda, for the purpose of installing friendly judges who will look the other way when his agenda is put to the legal test.
President Obama and his admirers choose to call this “pragmatism,” but what it is is a mild expression of totalitarianism, under which the interests of the country are conflated with those of the president’s administration and his party.
Professor Johathan Turley says The One We’ve Been Waiting For “has become the very danger the constitution was designed to avoid”.
Janet Yellen’s Senate hearing for approval to succeed Ben Bernanke began yesterday.
Backdoor Wall Street Bailout
Andrew Huszar, a former bond buyer for the Fed, wrote an interesting apology in the WSJ this week for his role in “quantitative easing”.
He says that the Fed never bought a mortgage bond in its 100 year history until he was hired in 2009 to buy $1.25 trillion of the things! In a single year. According to Huszar Bernanke spun the scheme as a plan to help Main Street but it was really “the biggest backdoor Wall Street bailout of all time”.
Chairman Ben Bernanke made clear that the Fed’s central motivation was to “affect credit conditions for households and businesses”: to drive down the cost of credit so that more Americans hurting from the tanking economy could use it to weather the downturn.
QE may have been driving down the wholesale cost for banks to make loans, but Wall Street was pocketing most of the extra cash.
Bill Clinton knows the meaning of “period“.
He took this opportunity to drive the Hillary Machine off the tracks of the ObamaCare train wreck when he said the president should honor his commitments to people who lost their health care.
Easier said than done, considering nearly 5 million insurance contracts have been vaporized.
Clinton on Keeping your Health Care
Anyway here’s the Clinton quotation on CNN:
“So I personally believe, even if it takes a change to the law, the president should honor the commitment the federal government made to those people and let them keep what they got,” Clinton said during an interview with the website OZY.com.
Wonder if he’ll insist the president come clean with the people on the meaning of “what difference does it make“?
The U.S. negotiated a deal with Iran that would have eased sanctions without requiring them to stop moving toward an atomic bomb. Netanyahu freaked out and hit Kerry on the nose with a rolled up newspaper calling it a “very very bad deal“. The French went a step further calling it a sucker’s deal and killed it.