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Showing posts with the label Bush

Regulatory Recklessness

Congress has a long history of ceding power to the executive branch. The arguments for this, that administration requires expertise and efficiency, do little to justify the surrender of Constitutional authority. Sadly, this surrender of power to unelected and too often unaccountable bureaucrats shows signs of accelerating. Review the administrative expansion under Presidents Bush, Clinton, Bush, Obama and the number of regulations issued are depressing. President Obama has a penchant for the expensive, too. The Daily Caller In his 2012 State of the Union speech, Obama claimed, "I've approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his." Obama's statement was true, but skewed, because he's far outpacing Bush in the production of "economically significant" regulations, each of which imposes costs of more than $100 million per year, said Wayne Crews, a vice president for policy and director of...

Obama Donors and Special Access = More, Bigger, Faster

One of the many aspects of our government that I dislike is the "pay to play" nature of influencing elected leaders. If you were idealistic enough to imagine President Obama would somehow be different, I could have proven you were wrong before election day. He received more donations from the top 1% of Americans than any other president. He also received more money from Wall Street than his opponent. By June of 2008, the Obama advantage on Wall Street was clear. (AP - June 2008) For both candidates, Wall Street's investment and banking sectors have become among their portliest cash cows, contributing $9.5 million to Obama and $5.3 million to McCain so far. There is a commenter on DailyKos using the ID "Goldman Owned Party" as a dig at the Republicans. But, that's also far from accurate. Goldman Sachs has a history of connections to the Democrats in congress, especially the Senate. This makes sense, because the financial industry is in New York City, not a GO...