"STRIKE WHILE THE IRON'S HOT". Instead, the Obama Administration (OA) has let many "once in a generation" opportunities pass. The OA attempted bipartisanship not realizing the obvious; the opposition has no interest in working with the administration.
When the sky was falling financially at the very beginning of Obama's term the OA failed to enact any legislation whatsoever that would have avoided a repeat performance. Now that the iron has cooled the OA is showing that it has no teeth. It's barely attempting to push any meaningful legislation to regulate derivatives (worth $250-$300 TRILLION or 17X our GDP!), break up those institutions that are "too big to fail" ("Don't end it. Mend it!") and change the structure of risk that lead to the meltdown in the first place.
On health care, Obama's so called "signature issue" the OA made the mistake of "learning" from the Clinton debacle by going to the other extreme and leaving Congress completely in charge of the legislation. The president needs to be a leader not a wing-man here. It's OK to lose a battle. It's unacceptable to not get in the game!
To be fair, and I don't mean to contradict what I just said but, we DO need some patience on some issues. We need to understand that SOME initiatives NEED time in order to be done correctly.
On issues that matter most, to paraphrase Madeleine Albright, by not doing anything "...this is not cojones," she said. "This is cowardice."
Read the Article at HuffingtonPost
No comments:
Post a Comment