Dodd - Obama Overreaching Yet Again

Sen. Chris Dodd says Obama is overreaching on financial reform.  Shades of health care!  And energy!

Dodd Calls Obama Plan Too Grand

...Mr. Dodd, Democrat of Connecticut, added that the administration was “getting precariously close” to excessive ambition for the legislation. “I don’t want to be in a position where we end up doing nothing because we tried to do too much,” he said.

Comments

[maryrose]

Dodd is in his "Prometheus Unbound" faze now that he is not running for re-election. Beware Dems in a feeding frenzy.

[bgates]

Who do you root for in a dispute between Dodd and Obama? It's like Capone vs Bugs Moran.

[Malaysia Jane]

LOL Bgates

[Jack is Back!]

Dodd in legacy saving mode plus making sure he does right by the banks who have bankrolled him for over 25 years.

Me? I am ABO - anyone but Obama. Even Bernie Sanders gave Orszag a dagger in the eye at the hearing on TARP by reminding him that Congress makes the laws.

[Thomas Collins]

I guess Dodd doesn't need a job in an Obama friendly business after his Senate gig ends, and is providing some payback to Obama for being pushed out the door. The circumference of that Dem circular firing squad is rapidly increasing.

[Danube of Thought]

When I hear the word "comprehensive" I reach for my revolver.

[Rick Ballard]

"The circumference of that Dem circular firing squad is rapidly increasing."

I'd be happy to chip in for rifles with a little more reach. I wonder if we could talk 'em into grenades and Claymores? Or maybe 4.2 inch mortars adjusted so that they only fire vertically?

[Sue]

When a liberal calls into Sean Hannity's radio show saying he has said radical stuff, why on earth wouldn't they have spent five minutes looking for quotes? They have to know Hannity is going to ask for examples. This is now 2 or 3 days in a row this has happened and the liberal hems and haws and can't name one thing Hannity has said. Send better liberals if you can't debate Hannity (I love Hannity. His heart is in the right place and he does so much for our troops, but his debating skills are on par with mine.)

[Sue]

“I don’t want to be in a position where we end up doing nothing because we tried to do too much,” he said.

I know several months back some of us were complaining that it seemed like we couldn't keep up with all the fires Obama was starting. I believe someone even said it was a "scorched earth" strategy.

[Neo]

“If Volcker thinks what he’s saying is going to stop another financial collapse, he’s crazy,” one CEO recently told me.

[Jeff]

Its just hard for Obama to hold back when his anti-capitalist juices get flowing ... every crisis is an opportunity ...

Too bad for Obama they have turned out to be an opportunity to show Americans they made a mistake in '08 ...

Obamas greatest weakness is his mouth ... at this rate he'll have more self inflicted Purple Hearts than Kerry ...

[Janet]

like someone here at JOM said...it's a sad day when you wake up and find out all your ideas are stupid.
I don't think Obama is awake, but maybe a few Dems. are in that groggy, just opened their eyes phase...

[BobS]

Speaking of decmocrats in the senate, when will scott brown be seated. Its an abomination that kirk is still voting. Why aren't conservative pundits pointing this out yet?

[BobS]

Its been two weeks, hasn't it?

[john 2000]

" It's like Capone vs Bugs Moran."

Maybe Geithner is ready to play Elliot Ness.

[Melinda Romanoff]

BobS-

The talk is Senator-elect Brown will be certified today, sworn in tomorrow evening.

After the NLRB nomination vote.

[Dave (in MA)]

The fdl moonbats are claiming that the only reason Brown wants to be seated "early" (16 days after the election is "early") is to prevent the confirmation of a nominee who cares about workers. Taking away secret ballots from employees of union shops in order to facilitate intimidation is "caring about workers".

[Cecil Turner]

Its an abomination that kirk is still voting.

It's also unconstitutional (Amendment 17):

When vacancies happen in the representation of any State in the Senate, the executive authority of such State shall issue writs of election to fill such vacancies: Provided, That the legislature of any State may empower the executive thereof to make temporary appointments until the people fill the vacancies by election as the legislature may direct. [emphasis added]

Apparently there's also some precedent of this being applied, but I don't have it handy. Anyway, the election is over, and Mr Kirk is no longer a senator.

[Porchlight]

Melinda, fwiw Ambinder tweeted that the NLRB/Becker vote will be next week:

So -- Scott Brown will be sworn in tomorrow, late afternoon, early evening. In time to vote on a jobs bill and the Becker nom next week about 3 hours ago

He also notes that Perky Katie will interview Obama to be aired during the Super Bowl pregame show. YUCK.

[Rob Crawford]

He also notes that Perky Katie will interview Obama to be aired during the Super Bowl pregame show. YUCK.

Oh, yeah! Crank up the overexposure!

[BobS]

Thanks. Melinda. I just posted some updates in my own blog. Somehow I think that John McCain - who's got the hold on Becker's nomination - will lead GOP senators in putting up quite a fuss if they try to. At least I hope they get some back bone.

[Neo]

Tomorrow, the Democrats face their Kobayashi Maru, Kirk out.

[Neo]

The Federal Reserve Bank of New York at the time that it structured the debt that it was going to give AIG insisted that not only did it get the debt, not only would it get principal and interest payments and collateral for that, it wanted 80% of AIG, precisely 77.9% of the shares and the voting rights. But the Federal Reserve Bank and Geithner knew that it was illegal for the Fed system whether there’s a Fed or the Federal Reserve Bank of New York to own that, so what did they do? They created this independent trust.

The same was true of Treasury right?

Well that’s exactly right. You would think that if they couldn’t own it maybe they could’ve got the Treasury Department. But the Treasury Department had no legislative authority to take equity from AIG either. So what did they do? They came and opened up a discount window but created a so-called “independent trust” and they hired three trustees, and they insisted that these people were independent non-governmental actors, no conflicts of interests. But in crafting the trust agreement they slipped in a barely noticed provision of the trust agreement which said “Oh by the way, the Fed controls the trust completely, its terms and effectively the trustees.” Under anybody’s rendition of trust law this is not a valid trust, this is simply a ruse or an artifice for the Federal Reserve Bank.

[JM Hanes]

“I don’t want to be in a position where my lobbying prospects are dimmed."

[Sbbp]

Dodd said any and all debt. He also assumed all other debt payments. He doesn't even know how much. Haiti is up their with liberia with the USAID and loan grants. Obama's happy. As he bankrupts his wif is saying they raised the bar again. Then he'll screw more american companies and banks. He's in there to give the money away and foreigners are already worried about the deals.

[glasater]

If we're talking guns--the IRS is looking for bids on the model below..

...sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division. The Remington parkerized shotguns, with fourteen inch barrel, modified choke, Wilson Combat Ghost Ring rear sight and XS4 Contour Bead front sight, Knoxx Reduced Recoil Adjustable Stock, and Speedfeed ribbed black forend...

[bgates]

Instapundit links to a debate in the Economist about whether Obama is failing. Check this out:

Obama's first-year troubles were entirely predictable.
...
As unemployment grew, trust in the capacity of the stimulus bill to create jobs shrank. This was exacerbated by both the content and the rhetoric of the bill. While the bill "saved jobs" especially in the public sectors of states that received stimulus money, it did little to "create" jobs for the millions of private-sector people out of a job.
...
finally, with an astonishing number of American homeowners "under water" (owing more on their mortgages than their houses were worth), the anaemic performance of the government's mortgage assistance programmes added to the impression that the stimulus didn't work and that the president didn't care.

-that's the pro-Obama position.

[Janet]

excessive ambition for the legislation.

Just understandable would be a step in the right direction...

"It poisons the blessing of liberty itself. It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is to-day, can guess what it will be to-morrow."
Federalist No.62 James Madison

[sbw]

What Janet said.

Madison actually wrote that.

[Rob Crawford]

If we're talking guns--the IRS is looking for bids on the model below..

I hope the IRS doesn't own any hacksaws, or they'll be at risk for arrest.

[Ann]

My father-in-law was an ATF (Alcohol, Tobacco and Firearms) agent and they reported up the chain to the IRS. However, back then they raided stills.

Who knows what the Obama Administration has them raiding today.

[Neo]

No matter, I'm sure this guy has the soultion.

[Neo]

He added that the history of Congressional regulation of corporate involvement in politics had a dark side, pointing to the Tillman Act, which banned corporate contributions to federal candidates in 1907.

“Go back and read why Tillman introduced that legislation,” Justice Thomas said, referring to Senator Benjamin Tillman. “Tillman was from South Carolina, and as I hear the story he was concerned that the corporations, Republican corporations, were favorable toward blacks and he felt that there was a need to regulate them.”

It is thus a mistake, the justice said, to applaud the regulation of corporate speech as “some sort of beatific action.”