In form all Presidents are leaders nowadays. In fact this guarantees no more than that they will be clerks. Everybody now expects the man inside the White House to do something about everything. ... But such acceptance does not signify that all the rest of government is at his feet
Obama led off with "resolution authority." This is the provision that would give an administration the power to take over a failing megabank, fire its managers, wipe out its shareholders, sell off its assets, and even imposes losses on creditors. That would be an improvement over the status quo, in
As the Senate debates how to rewrite rules governing the financial industry, Mr. Obama will lay out the elements he insists must be in any legislation to get his signature. Among them are more consumer protections, limits on the size of banks and the risks they can take, reforms on executive compens
The big Bush jumps in discretionary spending, the big leap in entitlements under the unfunded Medicare D program, the long nation-building wars put off-budget, and the huge claims for executive power dominant in the first term: all these are far more damning to my mind than Obama's pragmatism in gra
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Israeli police have arrested a former mayor of Jerusalem for questioning in a multimillion-dollar bribery scandal that has been linked to a key confidant of former Prime Minister Ehud Olmert
Given that, the idea that Obama will get a fight no matter what is incomplete. He'll certainly get a fight no matter what -- but a nominee perceived to be similar to Breyer, Ginsburg, or Sotomayor will yield a fight that Obama wins overwhelmingly, whereas a liberal hero could very well lose.
“Frankly there’s a category of [Republican] who is fed up with the party on the issue. They’ve told me so privately,” the official says. “They don’t want to be caught on wrong side of it.”
For the last several months, the big banks, who make billions of dollars trading derivatives, have tried to arrange it so that these proposals would apply to as few transactions as possible. Their efforts have been somewhat successful—the financial reform bill that passed the House in December fea
中間選挙へ向けた民主党の選挙戦略。オバマの応援は逆効果。In the anti-establishment climate, some Democrats are saying that it's smart for Obama to keep his distance from candidates in difficult races, allowing them to run against Washington and avoid the downward pull of h
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