Word: obamas
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...reach agreement on some less controversial elements of reform, such as systemic risk regulation and rating agency liability, but it was never clear how they would bridge fundamental differences like the consumer agency, derivatives regulations and shareholder protections. When I spoke to Corker last month, he suggested that Obama's relatively modest proposal to recoup the costs of the financial bailouts by taxing the risk-taking of large banks made him wonder if he was living in Venezuela. And he's considered one of the softer-edged Republicans. (See the Top 10 Embarrassing Things Voters Have Overlooked...
...would have agreed to pass it, if it could have survived the full Senate, if the Senate would have been able to work out its differences with the House in a conference, if the Senate and House would have been able to pass the resulting conference bill, or if Obama - whose aides have suggested they'd much prefer no bill (and a potentially powerful issue they could use to bash Republicans in the run-up to the midterm elections) to a weak bill - would have signed the compromise. And time was a serious factor; Congress probably needs to complete...
Financial reform is an extremely complex issue, substantively and politically, but a few simple things can be said about it. Republicans have vowed to block any independent consumer protection agency with enforcement authority, while President Obama and many Democrats have insisted on one. Republicans don't want to hand Obama a victory; even before they lost their supermajority, Democrats didn't want to repeat the ugly get-to-60 process that squeezed health care reform through the Senate. Democrats are ideologically inclined to support strict regulations; Republicans, not so much - one reason none of them voted for the reform bill...
...mining, they're also more expensive, so companies like Massey are reluctant to alter current practices. Going forward, however, Massey has pledged to monitor water quality; periodically it assembles a 30-member environmental review arm to do so. The EPA is also keeping tabs on mining's impact, while Obama has pledged to support the development of clean energy. Activists like Bonds say attention from the top levels of the current administration helps them continue fighting at this crucial time. But for the former residents of Lindytown, W. Va., it may just be too little too late...
Jackson says he believes that the increase in students looking at government jobs—at the Federal Reserve, the Federal Deposit Insurance Corporation, or the Office of the Comptroller of the Currency—might also reflect enthusiasm for the Obama administration...