Word: acted
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Dates: during 2000-2009
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...make you think the Obama reforms even approach in significance and forcefulness the changes made back then. In the early days of the Roosevelt Administration, Congress set up the Securities and Exchange Commission and charged it with strictly regulating markets, split banks from investment banks with the Glass-Steagall Act, created the Federal Deposit Insurance Corp., and enacted all manner of other game-changing financial reforms. It's not just that the Obama reforms are less ambitious than those of the Great Depression. They're also inspired by a very different interpretation of what went wrong. In the 1930s...
...ratcheted up across the financial system. But the current alphabet soup of regulatory agencies would remain mostly in place, and there will apparently be no effort to break up too-big-to-fail financial institutions or cordon off risky financial activities from essential ones (as the Glass-Steagall Act attempted...
...date, Obama has mostly avoided confrontations with Congress on major agenda items, including repeals of "Don't ask, don't tell" and the Defense of Marriage Act, which restricts federal recognition to heterosexual marriages. The Administration did push a hate-crime bill (a gay-rights priority), which has already passed the House, and it is working on a rule-making process that is likely to lead to a lifting of immigration and visitation restrictions for HIV-positive foreigners, another priority for the gay and lesbian community. In his office on June 17, Obama announced his support of a Senate bill...
...Obama remains noncommittal about when exactly the Administration will make these issues a priority. Even more infuriating to gays is that the White House has thus far refused to publicly criticize the Justice Department's filing last week that defended the Defense of Marriage Act and compared the prohibition of same-sex marriage to the prohibition of incest. While the Justice Department is obligated by tradition to defend current law in court, several gay-rights activists said they found the arguments in the brief insulting. "As an American, a civil-rights advocate and a human being, I hold this Administration...
...Justice Department briefs are due on June 29 for another legal challenge to the Defense of Marriage Act - this one filed by Gay & Lesbian Advocates & Defenders - and several legal groups will be watching to see if Justice rehashes the offensive arguments in its previous brief. Whatever happens, the gay and lesbian community has no intent to let off the pressure on Obama. "It's like any other intimate relationship," says Rabin, the lobbyist who works with Human Rights Campaign and other gay-rights groups. "It's close and warm and complicated, and you have really good days and really...