The Obama Administration

Cordray Goes to Congress

House Republicans can’t stop fuming about the Consumer Financial Protection Bureau.

(AP Photo/J. Scott Applewhite)

Job creators, job creators, job creators. That's all you hear from Mitt Romney and Congressional Republicans these days. For the most part, Republicans trot out the job creator (a figure spoken about with great veneration, but in fact a term coined and crowd-tested by GOP talking-point guru Frank Luntz) whenever large discussions on government spending or tax cuts come into play. But a quiet little hearing Wednesday on Capitol Hill showed that this veneration trickles down to the most minute details of policymaking.

Potlandia

(Flickr / pbump)

This November, voters in Washington, Oregon, and Colorado have the chance to do something radical: legalize marijuana for recreational use. In all three states, activists secured enough petition signatures to place initiatives on the ballot to essentially treat cannabis like alcohol, regulating its distribution and taxing it. The three states already allow patients with ailments like cancer and AIDS to use marijuana; Colorado allows dispensaries, which make for a bigger and broader semi-decriminalized system. But if these initiatives pass, they would be the first allowing anyone who doesn't have (or claim to have) a medical need to use marijuana.

Explaining and Inspiring? Good Luck with That

(AP Photo/Charles Dharapak)

When Barack Obama sat down with Charlie Rose recently, he scrutinized his past four years in office and named his failure to give equal weight to policy and narrative—what he termed "explaining, but also inspiring”—the biggest failure of his first term. His self-criticism sounded a melodious chord with the constant complaints the press corps has leveled against his presidency.

The Caped Crusader of the Executive Branch

What is the CFPB, and why should you care? 

(Flickr/401(K) 2012)

 

SEC. FTC. DOD. DOJ. OCC. HHS. FAA. EEOC. OPM. CFTC. CPSC. CFPB. To most sane people, they probably recall a poor combination of letters during a game of Words With Friends. For demented Beltway minds, however, each string of letters carries specific connotations in the vast alphabet soup of the federal bureaucracy. Most operate outside the notice of the rest of the country, quietly protecting our financial markets, inspecting the cars we buy, or upholding labor standards.

The LIBOR Scandal's Lies

While regulators should have done more, it’s the banks that must be punished for their manipulation of interest rates.

(Flickr/Hugeword Picture)

The days between the Fourth of July and Bastille Day on the 14th are known for fireworks on both sides of the Atlantic. This year, more rockets and firecrackers than usual were going off, but they were inside hearing rooms in the British Parliament and the U.S. Congress. Barclays bank announced that it had been fined more than $450 million by regulators from both countries, and its CEO, Robert E. Diamond Jr., and COO, Jerry del Missier, both resigned. The fines were part of a settlement that granted Barclays immunity from potentially worse punishment for its manipulation of interest rates. The press reported that 10 to 12 other large banks (including HSBC, Citigroup, and JPMorgan Chase) were also under investigation. 

Obama's Lackluster Storytime

(Flickr / Daniel Ogren)

President Barack Obama and first lady Michelle Obama sat down with CBS News’ Charlie Rose for an exclusive interview that will air on CBS Sunday Morning. In the interview, Obama was pressed by Rose to describe what he thinks has been the biggest mistake of his presidency. The president replied that he thought he got the policies correct, but his salesmanship was lacking. Specifically, Obama said:

When I think about what we’ve done well and what we haven’t done well. The mistake of my first term—couple of years—was thinking that this job was just about getting the policy right. And that’s important. But the nature of this office is also to tell a story to the American people that gives them a sense of unity and purpose and optimism, especially during tough times (Via Mediaite).

The American Jobs Act Still Exists

Mitt Romney is back to accusing President Obama of having no plan for economic growth:

The president’s policies have not gotten America working again. And the president is going to have to stand up and take responsibility for it. I know he’s been planning on going across the country and celebrating what he calls ‘forward.’ Well, forward doesn’t look a lot like forward to the millions and millions of families that are struggling today in this great country. It doesn’t have to be this way. The President doesn’t have a plan, hasn’t proposed any new ideas to get the economy going—just the same old ideas of the past that have failed. [Emphasis added]

The DOJ Takes Aim at DOMA

Late on Tuesday, when just about everyone had already left for their Fourth of July celebrations, the Department of Justice announced that it was asking the Supreme Court to take two DOMA lawsuits, promptly. The first was no surprise: You know that the First Circuit already, very cautiously, declared in the Massachusetts cases (Gill v. OPM) that DOMA’s Section 3 was unconstitutional. That’s the section that says that, for federal purposes, marriage is between one man and one woman—and therefore that the United States will refuse to recognize any state’s decision to marry same-sex pairs.

If Texas Doesn't Expand Medicaid, Two Million Will Be Without Options

(Flickr/ José Goulão)

It's no secret there's a health-care crisis in Texas. The state has the biggest uninsured population in the country with around 6.2 million—or a quarter of all residents—lacking insurance. As a Kaiser Health News report highlighted, poor and uninsured Texans must sometimes wait more than 24 hours in emergency rooms, where treatment is most expensive, while more cost-effective health-care options, like preventative care, are out of reach. 

Why It's Still in States' Interests to Expand Medicaid

(Flickr/ernstl)

For supporters of the Affordable Care Act, it was hard to hear—over the cheering—anything besides the fact that the Supreme Court today kept the law almost entirely intact. But the Court did make a slight change to a crucial part of the ACA: Medicaid expansion. Under the law, by 2014, states are supposed to extend their Medicaid programs to cover people under 65 with incomes up to 133 percent of the federal poverty line. An analysis from the Center on Budget and Policy Priorities shows that means 17 million more people would have access to health care over the next 10 years.  Before today, it looked like states didn't have much choice in the matter.

Why Does The Atlantic Hate Women?

The picture alone filled me with dread: a baby in a briefcase. (Do go look at Jessica Valenti’s hilarious compilation of images from this genre.) That sick feeling only increased when I got to the hideous ­headline: “Why Women Still Can’t Have It All.”

Issa's Contemptible Vote

(AP Photo/J. Scott Applewhite)

If contempt of Congress (current polls show a whopping 17% approval) is a crime, we are a nation of criminals. That thought leapt to mind at the news that the House Oversight and Government Reform Committee, chaired by Representative Darrell Issa (R-CA.) has voted to ask the full House to hold Attorney General Eric Holder in contempt because of his refusal to turn over internal records relating to the administration’s response to the “Fast and Furious” gun-walking scandal in Arizona. In response to the prospect of that vote, Deputy Attorney General James M. Cole announced that President Obama had asserted executive privilege over the documents requested.

Romney’s Worsening Latino Headache

Mitt Romney’s Latino problem just got a lot worse.

President Obama’s executive order to the immigration service to cease deportations of immigrants who came here without documentation before they turned 16 has gone as far as a president can go without bringing Congress along with him. A president can’t change the legal status of the undocumented by himself, but he can issue orders to Homeland Security, which is precisely what Obama did.

This means that should Romney win the fall election, it’s entirely a matter of his discretion whether to continue, amend or revoke Obama’s order. It also means he has to take a position on the order while campaigning—and given the importance of the order, he has to take a position damn quick.

Obama: Romney Equals Bush

(AP Photo/Carolyn Kaster)

Back in April, President Obama gave a speech to the American Society of News Editors, where he excoriated Mitt Romney—and the Republican Party—for its adherence to the “roadmap” devised by House Budget Chairman Paul Ryan. In the speech, Obama presented the Ryan roadmap as modern Republicanism, distilled to its essence. He attacked the plan for its large, across-the-board tax cuts, its complete extension of the Bush tax cuts, and its plan to privatize Medicare. More importantly, he spelled out the implications of Ryan’s budget: to pay for his tax cuts, the federal government would have to suck the marrow from its social services.

Obama, Post-Post-Partisanship

(Flickr/Matt Ortega)

Over the past month or two, as the president’s political position has continued to erode and he becomes more vulnerable, an extraordinary and vaguely preposterous conversation has taken shape. Variations on it have been advanced by everyone from former presidents chatting with Hollywood moguls on news cable TV to esteemed Sunday-morning newspaper columnists picking their way through the racial bric-à-brac of the presidential psyche. In a way, it’s the corollary of the birther discussion at the other end of the spectrum, which is to say that it’s a conversation we’ve never had about any other president.

Pages