Dodd-Frank, shades of ObamaCare

Most likely you’ve heard of Dodd-Frank, formally known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, but haven’t paid much attention to it because you don’t see it affecting you directly.

Without getting into the weeds, I think you should know that the Obama administration – Big Government – has done it again.  As with the Affordable Care Act (ObamaCare), the president signed a bill before its regulations and rules were written. The establishment of the Consumer Financial Protection Bureau to oversee credit and debit card matters is perhaps the best known feature, but its reach across the financial community is massive. It is predicted that financial institutions will be dealing with its consequences, intended and unintended, for many years,

Dodd-Frank (

“The Act” bears their names – former Sen. Christopher Dodd (D-CT) and former Rep. Barney Frank (D-MA) – and both are long gone from office. (

Dodd-Frank gave the unelected council of bank regulators the unilateral power to rewrite the rules, including those involving insurance.  Now they are powerless to intervene in a consideration whether MetLife is too big to fail because of the council’s overreaching.

Signed four years ago, regulators and financial institutions are still struggling with “the Act,” as it has become known.  It calls for more than 200 rulemakings and 67 studies.  As of late last year, 60 percent of the deadlines had been missed and 30 percent of the mandated rules hadn’t even been proposed.

“The Act” was supposed to solve the “too big to fail” situation, but in the meantime, the four biggest banks are 30 percent larger than five years ago, and they hold more than half of the total banking assets in the country.

Reagan and Obama (

(Cartoon courtesy

Just as the administration continues to provide unconstitutional waivers and changes in ObamaCare for special interests, they now must face the consequences for meddling in another industry.  They began with the auto industry and extended to ill-conceived energy projects like Solyndra.  Health insurance was next with ObamaCare, followed by Dodd-Frank.

What’s ahead?  Look for climate change compliance and amnesty for millions.


Voter apathy backfires on blacks in Ferguson

McCulloch (

Robert P. McCulloch has been asked to recuse himself should the killing of Michael Brown go to trial. He has won four terms as prosecuting attorney. (

Perhaps you’ve heard that supporters in Michael Brown’s defense in Ferguson want County Prosecutor Robert P. McCulloch to recuse himself should the grand jury order a trial.

What’s the problem?  Ferguson is 67 per cent black and McCulloch easily won election four times, including a primary victory with 71 percent of the vote over his black opponent on Aug. 5, 2014.  There apparently wasn’t an effort to replace him. The problem is blacks do not register and vote.

While turnout by race is not collected in municipal elections there, just 12.3 per cent of eligible voters cast a ballot.  And, as a rule a low turnout favors white conservatives.

Leslie Broadnax, who was defeated by McCulloch, believes there is a “huge distrust in the system,” adding that “(voting) is not going to matter anyway, so my one vote doesn’t count.”

Leslie Broadnax (

Leslie Broadnax was defeated by Robert McCulloch by a 30-point margin in the Aug. 5, 2014 Democrat primary. (

“Well, if you get an entire community to individually feel that way,” she said, “collectively we’ve already lost.”

A caring black community in Ferguson could have easily defeated McCulloch, if they didn’t approve of the job he was doing, and put Broadnax in office.

“Voter apathy is very typical of the communities,” said David Kimball, a political science professor at the University of Missouri-St. Louis, who has studied the pattern of non-voting blacks in the inner-ring suburbs around St. Louis.  I’m surprised Attorney General Eric Holder hasn’t charged Republicans with voter suppression. Continue reading

Big government’s auto industry failures

For years I have criticized the government for its interference in the auto manufacturing business, from the ill-conceived café standards, the expediting of electric cars, the cash for clunkers program, and of course the auto bailout.  And, I have not forgotten CEO’s who became weak-kneed under big government pressure, put aside the free enterprise system and bowed to corporate welfare.

Two recent announcements appear to support my position.  On the heels of a study that labelled the Cash for Clunkers program a failure, comes a report that Cadillac can’t keep up with demand for its gas-guzzling Escalades, news that is sure to shake up environmentalists.


(Logo courtesy

A National Bureau of Economic Research working paper has revealed facts that the $3 billion, yes billion, two-month government Cash for Clunkers program subtracted between $2.6 and $4 billion from the auto industry.  The program offered $4,500 if people turned in their old cars for destruction and bought a new car.

You will recall that goals were to lift manufacturers during the recession by subsidizing sales, while mollifying “greenies” by putting more fuel-efficient cars on the road. The report from a group of Texas A&M economists, shows that the subsidy didn‘t really create any extra auto business since those who participated were likely to purchase a car during that period anyway, and any environmental benefits couldn’t be justified. Continue reading

Once a liberal, always a liberal

Young people often make the transition from Democrat to Republican as they mature.  Ronald Reagan was once a Democrat.  But in my mind, once a liberal, always a liberal.

Liberals will defend their ideology to the hilt, but they don’t like to be called “liberal,” preferring “progressive.”  In a January 2014 Gallup poll, just 23 percent admitted to be liberal.

During her 2008 presidential run Hillary Clinton said, “I prefer the word ‘progressive’ … I consider myself a proud modern American progressive.”  She claimed that over the years the definition of a liberal “has been turned up on its head and it’s been made to seem as a though it is a word that describes big government.”  Bingo!

I’d like to tell you about two “Davids” – David Brooks and David Brock, both use the word “conservative” loosely.  Very loosely.

Brooks (Josh Haner, NY Times)

New York Times columnist David Brooks is billed as a conservative columnist. (Josh Haner photo/New York Times)

David Brooks is billed as a conservative columnist at the liberal New York Times.  He has admitted being a liberal Democrat when he was young.  The New Republic, a liberal publication, published a piece on Brooks’ meeting with then Senator Barack Obama.  It was called, “The Courtship,” because it led to Brooks’ column, “Run, Barack, Run.”

“I don’t want to sound like I’m bragging, “ Brooks told New Republic writer Gabriel Sherman, “but usually when I talk to senators, while they may know a policy area better than me, they generally don’t know political philosophy better than me.  I got the sense he (Obama) knew both better than me.”

Brooks recalled a vivid memory of that encounter during the interview.  “I was looking at his pant leg and his perfectly creased pant, and I’m thinking, a.) he’s going to be president and b.) he’ll be a very good president.”  Now that’s what I call deep thinking.

Obama certainly considered Brooks a liberal.  When conservative columnist George Will hosted a dinner for Obama at his home during the 2008 campaign, he invited several conservative friends, including Charles Krauthammer, Larry Kudlow, Paul Gigot and David Brooks.  When the president shook hands with Brooks he said, “What are you doing here?”

Continue reading

Is the media turning on Obama?

“No American president can survive if he lets Americans be beheaded on international television with impunity.  Impunity! He has to strike back, as an American, it’s in our soul.”  – Chris Mathews, MSNBC’s Hardball.

Mathews (

Chris Mathews of MSNBC’s Hardball criticized the president over his statement on the Foley beheading. (realclear politics photo)

Yes, the same Chris Mathews, who said after heading President Obama speak in 2008,”I felt a thrill going up my leg.”  I doubt if the thrill has gone from the liberal Mathews, but his remarks on the James Foley beheading was said quite forcefully on air.

Dowd (

Columnist Maureen Dowd has had some unkind things to say about the president. (

“The extraordinary candidate turns out to be the most ordinary of men, frittering away precious time on the links,” wrote columnist Maureen Dowd, adding “… this is an ugly, confusing and frightening time at home and abroad, and the country needs its president to illuminate and lead, not sink into some petulant expression of his aloofness, where he regards himself as a party of his own and a victim of petty, needy, bickering egomaniacs.”

“Obama making fools of the media,” read a headline in The Washington Times  that caught my eye, but it turned out to be old stuff.  Columnist Joseph Curl summarized all of the White House scandals that have disappeared from the news, thanks to a disinterested media.  “Say what you will about the president and his soulless team of sycophants, but they’re good.  They know to play the media, which apparently doesn’t mind in the least being played,” Curl wrote. Continue reading

Missouri Gov. Nixon’s rush to judgment

Missouri Gov. Jay Nixon has called for the “vigorous prosecution” of the white police officer who shot and killed Michael Brown, an 18-year old black man. This comes just days after he made shameful comments about the Ferguson police on NBC’s Meet the Press, Aug. 17, 2014, reported in my post, “He didn’t bother nobody.”

The governor’s press representative claimed that the governor was not prejudging the police officer, who may have acted in self-defense.  Yet, in the governor’s scripted message, he called for the need to achieve justice for the family of the slain man, while referring to the shooting as having taken place in broad daylight; the last description newsmen say is normally used for criminal investigations.  So much for the presumption of innocence.

Nixon’s aggressive posture leads one to believe he is currying favor with those seeking the arrest of the police officer.  It comes as a grand jury is about to meet to consider the incident.  Democrats running for office in the Republican-leaning Missouri need the support of black voters to get elected.

Pressure is also on another Democrat, Bob McCulloch, St. Louis County prosecutor.  Those seeking justice for Brown are concerned that McCulloch comes from a police family.  His father was killed 50 years ago in the line of duty by a black suspect.  State and local Democrat Party members want him to step aside. Continue reading

And she wants to be president, Part 5

“… we don’t even tell our own story very well these days,” Hillary Clinton told Jeffrey Goldberg in The Atlantic magazine interview; the same piece in which she criticized the president’s foreign policy of “don’t do stupid stuff.”

Like President Obama, Clinton must believe she operated completely under the radar and that no one was paying attention to what she said and did, or didn’t do.

Hillary (AP)

Hillary Clinton had an opportunity to help tell the story of the U.S. using Voice of America, but didn’t attend any meetings. (AP photo)

For example, in her book “Hard Choices” she wrote about the important outreach role the Broadcasting Board of Governors and Voice of America played during the Cold War, but added that “we had not kept up with the changing technological and market landscape.”

As secretary of state, Clinton had a seat on the BBG and, according to former board member Victor Ashe, she could have helped make changes if she’d wanted.

“It’s hard to take seriously her criticism when she simply never attended a meeting when she was a member or advocated her views to us in any serious format,” said Ashe, “ Had she attended, we would have adopted her advice and agenda in all likelihood.”

Voice of America produces news and cultural programs in 45 languages and reaches more than 164 million people around the world every week on TV, radio, and the Internet.

Why, during her four years at State, didn’t she make time to attend a board meeting and offer her recommendations on how they could do a better job of telling our story?

But they wouldn’t have used her infamous quote, “The most important thing I did was to help restore America’s leadership in the world.”

Parts 1-4 of And she wants to be president can be found in the archives. Click on Hillary Clinton at right.

What Difference

“He didn’t bother nobody.”

After a school shooting, how often did we hear, “he was a good boy, never in trouble,” or “he would always wave to me as I passed, really a friendly guy.”

Remember the description of the Boston bomber Tsarnaev brothers as “regular guys?”  A teacher who lived on the same street said, I knew him (Dzhokhar) as nothing but sociable, compassionate, friendly, athletic, just a friendly kid.”

Fast forward to this past week in Ferguson, MO and the killing of 18-year old Michael Brown.  “My son just turned 18 and graduated from high school and he didn’t bother nobody,” his mother, Leslie McSpadden told CNN.

He wasn’t armed, yet he lay dead in the street after an altercation with a police officer, who was armed.  Call me cynic, but when I heard Brown was 6’ 4 “ and 290 pounds and that he allegedly pushed the officer into his vehicle and tried to get the officer’s gun, I wasn’t buying “he didn’t bother nobody.” Continue reading

Liberal journalist launches trial balloon

              Obama’s Immigration Amnesty Would Be Like Lincoln’s Emancipation


Charles Lane (

 Just when you think you’ve heard it all from the liberal media, another Obama water carrier – this time Charles Lane – provides more red meat for those of us who comment on the right.  You just can’t make this stuff up.

Lincoln (civil-war

President Lincoln signing his Emancipation Proclamation. Charles Lane draws an analogy of President Obama signing an executive order legalizing 5 million undocumented illegals. (

 “Not since Lincoln pondered his Emancipation Proclamation has a president considered a more sweeping change to membership in the American community than the relief for illegal immigrants that President Obama is contemplating,” writes Lane in the Investor’s Business Daily.

 “A plan to offer up to 5 million undocumented parents of U.S. citizens and others … wouldn’t cover all illegal immigrants any more than Lincoln’s proclamation freed every slave,” he writes.  “Still, its impact would be dramatic and might define Obama’s legacy as powerfully as the Emancipation Proclamation defined Lincoln’s.”  Incredible!

 Such a move would “tear up the Constitution,” commented George Washington University Law Professor Jonathan Turley, who I have frequently quoted in past posts.  Perhaps it’s because he is a Democrat who voted for Obama, but stands strong on protection of the Constitution. Continue reading