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Hope you come on over and pay a visit.
Dedicated to the Pronouncements of The One whose Middle Name may not be named.
It also looks a little self-indulgent. Obama’s clearing room on the plane for — what? Documentarians who will produce hagiographies about his historic importance. That fits into another pattern we’ve seen for months, one marked with fake presidential seals, The Barackopolis, and infomercials. In the coming Age of Obama, only the worshipers will get front-row seats to history.
In an interview last week with Bloomberg, Mr. Grumet said that come January the Environmental Protection Agency "would initiate those rulemakings" that classify carbon as a dangerous pollutant under current clean air laws. That move would impose new regulation and taxes across the entire economy, something that is usually the purview of Congress. Mr. Grumet warned that "in the absence of Congressional action" 18 months after Mr. Obama's inauguration, the EPA would move ahead with its own unilateral carbon crackdown anyway.
While there has been significant deregulation in the U.S. economy during the last 30 years, none of it has occurred in the financial sector.
In the summer of 2005, a bill emerged from the Senate Banking Committee that considerably tightened regulations on Fannie and Freddie, including controls over their capital and their ability to hold portfolios of mortgages or mortgage-backed securities. All the Republicans voted for the bill in committee; all the Democrats voted against it. To get the bill to a vote in the Senate, a few Democratic votes were necessary to limit debate.