In a time of critical problems such as climate change and high unemployment, Barack Obama’s regulatory czar is busy trying to secure the president’s re-election by indulging the anti-regulatory appetites of gluttonous corporations, according to a report by Dan Froomkin. —ARK
Dan Froomkin at The Huffington Post:
And as the White House increasingly focuses on raising vast amounts of money for the 2012 reelection campaign, critics are seeing a disturbing new trend: After two years of relative inaction, [Cass] Sunstein (and his boss) now appear to be actively using the regulatory process to ingratiate themselves with deep-pocketed corporate interests.
In the last five months, Obama and Sunstein have issued highly-publicized orders to government regulators to look not forward, but backward—requiring them to review existing regulations with an eye to making sure they aren’t too onerous for business.
In case this exercise’s target audience wasn’t clear already, Sunstein chose to go public in late May with the initial results of the effort in a speech at the ferociously anti-regulation American Enterprise Institute and in an op-ed in the Wall Street Journal.
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The headline says ‘cozies up’ to business like this
is a movement from where they’ve already been.
Gawd, I wish the left wing Democrats would finally
start admitting to themselves that they elected wall
street’s candidate who’s been implementing Ronald
Reagan’s economic policies and foreign polices. This
is who the left worked for, volunteered for, donated
to and elected in the last election.
The lesson is that if you find yourself on the same
side as Wall Street’s money, then you are probably in
the wrong place. Watching the left campaign for Wall
Street’s candidate in the last election was surreal.
And, if they won’t look the reality of the Obama
administration directly in the eye, they are likely
to make the same mistake again.
Start admitting that there’s nothing new to Obama’s
close relations to business. They date back to at
least the fundraising season of 2007 when he was
asking them all to finance his campaign. And that
doesn’t happen without Obama promising what he was
going to do for business during an Obama
administration. This was a done deal before the Wall
Street campaign checks started hitting Obama’s
accounts in 2007.
By Jim Yell, June 14, 2011 at 6:40 am Link to this comment
(Unregistered commenter)
Obama is not a progressive or a liberal. He is as stated a Corporatist and got his presidency from bald faced lying. The Republicans are not an answer to Obama because Obama himself is not a bit different from the Republicans. A third party left wing candidate is the only hope for a conterbalance to Corporate take over of our society. We could greatly decrease the criminality in this country by locking up a large number of bankers and CEOs and CFOs. Why is it always the children of the poor who wind up in prison?
By Samson, June 14, 2011 at 8:41 pm Link to this comment
The headline says ‘cozies up’ to business like this
is a movement from where they’ve already been.
Gawd, I wish the left wing Democrats would finally
start admitting to themselves that they elected wall
street’s candidate who’s been implementing Ronald
Reagan’s economic policies and foreign polices. This
is who the left worked for, volunteered for, donated
to and elected in the last election.
The lesson is that if you find yourself on the same
side as Wall Street’s money, then you are probably in
the wrong place. Watching the left campaign for Wall
Street’s candidate in the last election was surreal.
And, if they won’t look the reality of the Obama
administration directly in the eye, they are likely
to make the same mistake again.
Start admitting that there’s nothing new to Obama’s
Report thisclose relations to business. They date back to at
least the fundraising season of 2007 when he was
asking them all to finance his campaign. And that
doesn’t happen without Obama promising what he was
going to do for business during an Obama
administration. This was a done deal before the Wall
Street campaign checks started hitting Obama’s
accounts in 2007.
By Jim Yell, June 14, 2011 at 6:40 am Link to this comment
(Unregistered commenter)
Obama is not a progressive or a liberal. He is as stated a Corporatist and got his presidency from bald faced lying. The Republicans are not an answer to Obama because Obama himself is not a bit different from the Republicans. A third party left wing candidate is the only hope for a conterbalance to Corporate take over of our society. We could greatly decrease the criminality in this country by locking up a large number of bankers and CEOs and CFOs. Why is it always the children of the poor who wind up in prison?
Report thisBy prisnersdilema, June 14, 2011 at 5:22 am Link to this comment
Please this is nothing new, Obama has been a corporate flunky from day one.
Report this