Barack Obama, writing in today's Wall Street Journal, ties himself to the great progressive tradition:
From child labor laws to the Clean Air Act to our most recent strictures against hidden fees and penalties by credit card companies, we have, from time to time, embraced common sense rules of the road that strengthen our country without unduly interfering with the pursuit of progress and the growth of our economy.
I will go out on a limb here and predict that in fifty years (or maybe even fifty minutes) people won't be including credit card fee regulation on any short list that includes child labor laws and the clean air act.
Which leaves one to wonder - if it survives repel and the courts, ObamaCare will certainly belong on such a list of Big Government undertakings. So why did Obama decline to cite his obvious bid for history? It's fun to think he doesn't believe it works as an example of a "common sense rule of the road that strengthen[s] our country" and which won't interfere with growth of the economy, but my guess he is just doesn't want to induce coronaries amongst the WSJ readership.
More evidence that he is concerned about the health of the WSJ readership comes in the next paragraphs:
Sometimes, those rules have gotten out of balance, placing unreasonable burdens on business—burdens that have stifled innovation and have had a chilling effect on growth and jobs. At other times, we have failed to meet our basic responsibility to protect the public interest, leading to disastrous consequences. Such was the case in the run-up to the financial crisis from which we are still recovering. There, a lack of proper oversight and transparency nearly led to the collapse of the financial markets and a full-scale Depression.
Over the past two years, the goal of my administration has been to strike the right balance.
"Strke the right balance"? I sense the deployment of the healing power of laughter.