Posts tagged ‘legislating’
Written by Lewis D. Eigen
Since the Obama Administration assumed office and coped with the economic meltdown, the President and his economic team have been working on legislation to eliminate the possibility that the American taxpayer will every again have to bail out a private company that was “too big to fail.” No sooner did the President make the proposed legislation public than the Republican Senate Minority Leader, Mitch McConnell (KY) announced. “the effort by President Obama and Democrats to reform the financial industry is actually a way to institute endless taxpayer funded bailouts for big Wall Street banks.” He claims that what the Treasury Department, the Council of Economic Advisors, the Federal Reserve, and such non partisan economic luminaries as Paul Volker have been working on for over a year, will do just the opposite of what the Administration’s purpose is in drafting the bill. On the surface, McConnell’s statement appears absurd. Many accuse him of just another deliberate political lie, about as absurd as the Republican “Death Panels” accusation in the Health Care Reform debate. However, there is a logic to these Republican “lies”. One that enables McConnell and many other Republican leaders to make these public announcements with a straight face. One that allows their conscience and intellect to make these statements and not believe that they are lying to the public. This article will explain and analyze this logic which may well be more dangerous for our Democracy than political lies. (more…)
An innovative solution to the problem of almost constant Senate filibustering by the minority. A solution that preserves the right of all senators to say what they wish, but allows the Senate to move forward. it is to handle filibusters like the Senate did in the old days when there was the right to filibuster but that right was exercised rarely compared to today.