The New York Times reports this morning, “Politicians like nothing more than a convenient foil, and Democrats locked in a stubborn impasse with Republicans over new rules to govern Wall Street believe they have found a gold-plated one in Goldman Sachs. Democrats say the convergence of their push for an …
Today President Barack Obama’s National Commission on Fiscal Responsibility and Reform will convene for the first time at the White House. Tasked with making recommendations to Congress that would put the budget in primary balance by 2015 and “meaningfully improve” our nation’s long-term fiscal outlook, the commission meets a little …
President Barack Obama’s favorite rhetorical device is to lecture the American people about what are and are not “legitimate” public policy arguments. So throughout the health care debate, President Obama insisted that it was “not legitimate” to claim that “a public option is somehow a Trojan horse for a single-payer …
Speaking to an audience of big business and big labor executives (including Goldman Sachs’ Lloyd Blankfein, Bank of America’s Bruce Thompson and SEIU’s Andy Stern) at New York’s Cooper Union, President Barack Obama noted “the furious efforts of industry lobbyists to shape” the financial regulation bill “to their special interests.” …
The Obama administration’s game plan for passing their financial regulatory reform plan is clear: ignore the details of their bill, demonize Wall Street, and cast conservatives as the pawns of big bankers. But as Politico reports today, there’s a complication in their battle plan: “The Democratic Party is closer to …
This past Friday, President Barack Obama again threatened to veto any financial reform bill that fails to tightly regulate financial derivative products which many blame for the 2008 economic crisis. Derivatives work like insurance to protect certain investments, and provide stability to the price of most goods and services. For …
According to a new poll by the Pew Research Center, public confidence in government is at one of the lowest points in a half century. Pew Research Center president Andrew Kohut writes in today’s Wall Street Journal: “A desire for smaller government is particularly evident since Barack Obama took office.” …
At the close of this week’s nuclear summit, President Barack Obama told a press conference: “Whether we like it or not, we remain a dominant military superpower, and when conflicts break out, one way or another we get pulled into them.” Yesterday, Sen. John McCain (R-AZ) responded to these comments, …
