Word: congression
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...Wall Street pay was again in the spotlight in Washington. The House Committee on Financial Services held a hearing on executive compensation. Harvard professor Lucian Bebchuk, who recently consulted pay czar Kenneth Feinberg in setting compensation limits at bailed-out firms, said Congress should regulate and "place limits" on Wall Street pay. Nobel Prize-winning economist Joseph Stiglitz told the panel that bank pay incentivized traders and other employees to take the excessive risks that contributed to the financial crisis. And corporate-governance expert Nell Minow asserted that Wall Street firms had done little to change the pay practices that...
...people of the United States gave Barack Obama power. We gave Congress power. We regret...
...process of enacting legislation, the voters are denied their fundamental right to object. Obama wrote about laws being “uniform, predictable and transparent ... applying equally to the rulers and the ruled.” There is no transparency when a leader blatantly ignores the procedures of Congress that call for open debate because to do so is to his political advantage. When preferential treatment is given to unions, pharmaceutical companies, and insurance providers behind closed doors there is no sense of fair play. There is no equality when a Nebraskan senator is bribed with promises that benefit...
...President, along with Democrats in Congress, disenfranchised millions of Republicans across America with his agenda. While serving in Congress has become more of a career rather than a call to public service, it seems the commander-in-chief is paving that path. Barack Obama once wrote, “The answer I settle on sees our democracy not as a house to be built, but a conversation to be had.” As president of the United States, the only conversation he wants is with those who acquiesce...
...actually a reasonable question. Bernanke was TIME's Person of the Year 2009, and at the time we urged Congress to put politics aside and confirm him to a second term as Federal Reserve chairman. Much of the opposition that's been building lately to Bernanke's confirmation consists of Republicans who want to obstruct anything President Obama wants and Democrats who want to obstruct anything Wall Street wants. But while Bernanke performed brilliantly during the worst financial panic in 75 years, it's fair to ask why he isn't doing more now to fight unemployment (the left...