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Robert Reich's Advice to Obama: Pick Fights, Connect Dots on the Economy
By Jill Lawrence - Politics DailyRobert Reich has watched one president after another lose his voice once he's in Washington, surrounded by aides with what Reich calls "an instinct for the capillary" and little feel for the simple overarching narrative that makes perfectly clear what you are trying to accomplish. Don't get him wrong. The Berkeley public policy professor, a veteran of the Ford, Carter and Clinton administrations, said in an interview that Barack Obama is "a wonderful president" with "a superb temperament" for whom he has "enormous respect." There was a slight pause before he continued. "I would rather he be ...
Obama's Presidency and the Elections: What You Need to Know
By Alex Wagner - Politics DailyThe Basics - The elections promise to be as much a referendum on President Obama as on Congress. - He has shepherded major pieces of legislation through the Democratic-controlled Congress, including an economic stimulus package, auto and banking industry bailouts, health care reform and financial industry regulation. - Obama's popularity rating in 2008 was 70 percent. By this August his approval rating was 45 percent. - Issues such as the economy, health care and Obama's identity itself continue to concern the president and will likely remain key talking points by his political opponents and ...
Lawmakers Could Face Probe on Wall Street Votes
By not in system - AOL News(Sept. 1) -- Two Republican lawmakers and one Democrat could face a House ethics investigation over complaints about fundraising events they held in close proximity to votes on a Wall Street financial reform bill last year. The independent Office of Congressional Ethics found enough evidence of wrongdoing in the cases of Reps. John Campbell (R-Calif.), Joseph Crowley (D-N.Y.) and Tom Price (R-Ga.) to recommend the matter for a formal investigation, the New York Times reported Tuesday. The preliminary probe focused on House members who raised money from lobbyists or executives opposed to the ...
Elizabeth Warren: She'll Take a Bite Out of Slime
By Robert and Donna Trussell - Politics Daily...
Fighting the 'Big Is Bad' Narrative: Dems Go Bite-Sized on Recovery, Health Laws
By Jill Lawrence - Politics DailyHouse Republicans have gone home for their August recess armed with a memo mocking Democrats for billing this season as "Recovery Summer." A better name, campaign committee chairman Pete Sessions wrote, might be "Run for Cover Summer." Democrats "have their backs to the wall," he said, because of their unpopular "big-government agenda." There is plenty of fodder for Republicans' "big is bad" narrative, given the huge stimulus, health care and financial regulation laws enacted in the last 18 months over their near-solid opposition. The GOP story line is simple and thus far effective: Big ...
Geithner: Elizabeth Warren Would Be Strong Consumer Chief -- as Would Others
By Jill Lawrence - Politics DailyTreasury Secretary Tim Geithner has nothing but good things to say these days about Elizabeth Warren, the consumer heroine liberals want to head the Consumer Financial Protection Bureau created under the new financial reform law. Geithner has been widely reported to have reservations about Warren, a Harvard law professor and financial watchdog who proposed the consumer agency in 2007. He said Thursday that "she would be a very strong leader" of the new bureau, but made clear there are other good candidates and said twice that the decision lies with President Obama. Warren has "enormous ...
Financial Reform Bill Signed into Law: 5 Key Changes Outlined
By Dana Chivvis - AOL News(July 21) -- President Barack Obama signed the sweeping financial reform bill into law today, just six days after it passed the Senate. The Dodd-Frank Wall Street Reform and Consumer Protection Act is meant to protect consumers, add transparency to the financial markets, and restructure government power so that companies are no longer "too big to fail." Below, Surge Desk reminds readers of the five most important aspects of the bill, as outlined here last week. 1. The economy gets a new monitor, and failing firms a new undertaker. Headed by the secretary of the treasury, the Financial ...
Is Tim Geithner Going to Block Elizabeth Warren From Leading New Consumer Protection Agency?
By Paul Wachter - AOL News(July 16) -- Treasury Secretary Tim Geithner doesn't like Elizabeth Warren. In her capacity as chairwoman of the Congressional Oversight Panel monitoring the U.S. banking bailout, she has interrogated Geithner before Congress (and the American public), and those interrogations have not reflected favorably on him. A typical exchange went like this: Why did the U.S. bail out AIG and its counterparties with taxpayers paying off credit-default swaps at their full, inflated rate but ask the insolvent auto industry to take major cuts? she asked Geither, who had no coherent explanation to ...
Opinion: Will Financial Reform Work? It Depends
By not in system - AOL News(July 16) -- In speaking about the financial regulation bill he will soon sign, President Barack Obama said that the bill "will prevent a financial crisis like this from happening again." This is oversimplified -- there is no way to prevent every crisis and this bill doesn't come close. In leaving Fannie Mae and Freddie Mac untouched, for example, the legislation fails to address a key factor behind the recent crisis. Still, there are elements of the bill that will help prevent future crises even as other parts are likely to have unintended negative consequences. An important innovation is ...
What's in the Financial Reform Bill? The 5 Key Changes
By Dana Chivvis - AOL News(July 15) -- The financial reform bill (what's the financial reform bill, you ask?) was passed in the Senate today and will head to President Barack Obama's desk next. The bill has split the country -- or that part of the country paying attention -- along party lines: Democrats say Wall Street needs to be reined in to protect the economy; Republicans say the government is overstepping its authority by inserting itself too far into the market. The bill drew three Republican votes, from Sen. Scott Brown of Massachusetts and Sens. Olympia Snowe and Susan Collins of Maine. Sen. Russ Feingold of ...
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