In Washington, All Is Well

The faces of Congressional leaders are hardly etched with joy, but they did manage to avert a fiscal crisis, even if only for a few months. [Credit: Bloomberg]

The faces of Congressional leaders are hardly etched with joy, but they did manage to avert a fiscal crisis, even if only for a few months. [Credit: Bloomberg]

October 16, 2013, 6:00 am

All is well in Washington. The government is spending and borrowing again. Continue reading

Jon Corzine: Poster Boy for Crony Capitalism?

President Obama unsuccessfully campaigned for Jon Corzine.  Since then, nearly $1 billion in client money disappeared into the ether in a firm Corzine steered into bankruptcy.

President Obama unsuccessfully campaigned for Jon Corzine in 2009. Since then, nearly $1 billion in client money disappeared into the ether from a firm Corzine steered into bankruptcy, but the Obama Administration concluded that Corzine committed no crime.

Jon Corzine is not a crook. No, really.

The Justice Department’s investigation of the former Wall Street titan, New Jersey Governor and U.S. Senator concluded last summer that he’d done nothing wrong. Or at least nothing criminal. Continue reading

Congress’s Special Obamacare Deal To Be Extended to All Americans

Embattled slugger Alex Rodriguez could end up benefiting from a forthcoming Obamacare announcement.  [Credit: The Nation]

Embattled slugger Alex Rodriguez is among the millions who could end up benefiting from a forthcoming Obamacare announcement. [Credit: The Nation]

The Obama Administration, which recently announced that it would provide Senators and Congressmen with generous government subsidies for their health insurance despite the fact that the Obamacare law denies those subsidies, is expected to announce later this week that it is extending this special deal for Congress to all Americans. Continue reading

Fed Up: Judge Strikes Down Federal Reserve on Swipe Fees

The Fed holds all the cards when it sets a policy.  Nobody bothered telling that to a federal judge, who last week struck down a Fed regulation on debit card swipe fees.

The Fed holds all the cards when it sets policy. Nobody bothered telling that to a federal judge, who last week struck down a Fed regulation on debit card swipe fees.

When it comes to bailouts, monetary policy, and banking regulation, the Federal Reserve has the last word. No one – not the President, not Congress, not anyone – stops the Fed from doing what it has determined to do. Until last week. Continue reading

How Washington Changed Obama

Washington has changed the President's hair color, as it has with his predecessors.  But the changes run deeper.  [Credit: Post Chronicle]

Washington has changed the President’s hair color, as it did his predecessors’. But the changes it has made in him run deeper. [Credit: Post Chronicle]

“So eight years ago, I came here to deliver the commencement address for the class of 2005. Things were a little different back then. For example, I had no gray hair. Or a motorcade. Didn’t even have a prompter.”

President Obama, Knox College, Galesburg (IL), July 24, 2013

Many things have changed in the eight years that elapsed between President Obama’s two Galesburg addresses. But perhaps none of those things has changed as profoundly as he. Continue reading

Economic Inequality Not Obama’s Fault

 

The "Occupy Wall Street" demonstrations are a distant memory, but the economic disparities they decried still persist.  [Credit: ABC News]

The “Occupy Wall Street” demonstrations are a distant memory, but the economic disparities they decried still persist. [Credit: ABC News]

President Obama has a new plan to revitalize the middle class.  It almost certainly won’t work, but that almost certainly isn’t his fault.  Continue reading

Egypt: It’s Not About Democracy

Protesters crowded Tahrir Square in Cairo earlier this month to call for their President's ouster.  The military obliged them. [Credit: Washington Times]

Protesters crowded Tahrir Square in Cairo earlier this month to call for their President’s ouster. The military obliged them.  Is that the triumph of democracy or just a military coup?  [Credit: Washington Times]

The Obama presidency, now well into its fifth year, seems as flummoxed by global developments as it did in its first. Egypt provides the most recent example. Continue reading

John Feehery Guest Post: Leaders and Followers

Photo of John Feehery


John Feehery is president of Quinn Gillespie Communications and spent 15 years working in the House Republican leadership. He blogs at www.thefeeherytheory.com

At my gym, they put little inspirational quotes up on the wall to get you to work out harder (that’s the theory, at least).

“Lead, follow, or get out of the way,” was last Tuesday’s quote, attributed to the Marine’s handbook, which was a revelation to me. I always thought that Lee Iacocca was the man who first said that memorable phrase when he was trying to fix Chrysler.

This quote must haunt Congressional Republicans on both sides of the Capitol dome. Continue reading

Can You Hear Me Now? The Limits of Government Power

The President assures us that no one is listening to our calls, but does that settle the debate?

The President assures us that no one is listening to our calls, but does that settle the debate?

“Progress does not compel us to settle centuries-long debates about the role of government for all time, but it does require us to act in our time. For now decisions are upon us and we cannot afford delay. We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate. We must act, knowing that our work will be imperfect. We must act.”

President Obama, Second Inaugural Address, January 21, 2013. Continue reading

Why It’s a Bad Time to Hold on to Holder

AG Eric Holder may have to help POTUS dig out from under mounting scandals. Credit: theatlantic.com

AG Eric Holder may have to go to help POTUS dig out from under mounting scandals.
Credit: theatlantic.com

May 10 was supposed to be about health care and moms.  The White House message of the day was that the health care law is pro-motherhood. The law’s detractors, with their “political bickering,” “tall tales,” and “political games,” are, by implication, against motherhood.

The President delivered this message two days before Mothers Day at a White House event. But his message never did get out. Continue reading