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National News

Obama Signed Historic Financial Regulation Bill

Today, President Barak Obama has signed the biggest overhaul in American financial regulation in decades into law.

The president said that the new law will make sure "that everyone follows the same set of rules, so that firms compete on price and quality, not tricks and traps".

The law is a victory for the Democrats and Mr Obama, who passed it with little to no Republican support after months of debate.

The financial services industry steadfastly opposed the measure.

Mortgage and Consumer lending will be tightened by the new law, while it improves disclosure for student loans and average investors while establishing a new consumer protection agency, among other things.

Almost all Congressional Republicans opposed the bill, saying new regulations would be counterproductive to businesses trying to create new jobs.

The bill "fails to address the root causes of the kind of crisis it's meant to prevent", Senate Republican leader Mitch McConnell said last week.

"This is a bill that creates a vast new and unaccountable bureaucracy that, if past experience is any guide, will lead to countless burdensome, unintended consequences for individuals and small businesses, that will constrict credit and stifle growth in the middle of the worst economic period in memory."

Mr Obama said the bill is necessary to prevent economic disaster in the future, saying the world's current problems stem from "a breakdown in our financial system" and "a failure of responsibility from certain corners of Wall Street to the halls of power in Washington".

"Our financial system only works - our markets are only free - when there are clear rules and basic safeguards that prevent abuse, that check excess, that ensure that it is more profitable to play by the rules than to game the system," Mr Obama said at the White House.

With a bit of irony in the air, Obama signed the bill to an audience in the massive Ronald Reagan Building, a president who made his reputation with deregulation.

To a burst of applause, the president said, "Because of this law, the American people will never again be asked to foot the bill for Wall Street's mistakes."

 

What Do We Know About Supreme Court Nominee Elena Kagan?

 

Elena Kagan was nominated by President Obama to fill Justice Steven’s upcoming vacancy, but her lack of experience as a judge of any kind leaves a lot of questions about her views. 

 

 

Her other qualifications are easy to verify.  She was the first female dean of Harvard Law School, a legal scholar and professor at the University of Chicago Law School, the US Solicitor General, a Fellow at Williams and Connolly Law Firm in Washington D.C., served on the White House Legal Council from 1995-1999, and was a clerk to legendary Justice Thurgood Marshall.  

 

 

Her academic credits are extremely impressive.  She graduated from Princeton University, summa laude, from Oxford University as a Rhodes Scholar, and from Harvard Law School, magna laude.  

 

 

But the grand question is not her intelligence, which seems beyond question, but how she will stand on the great issues of the day.  There is some evidence that she is slightly right-of-center, although there are a few issues upon which she seems to lean more to the left.  Ultimately, this seems to be a nomination that will probably irritate those on the far left and the far right equally, although for different reasons.  

 

 

Here’s what we do know about her views. 

 

 

In 2001, as Harvard’s Dean, Kagan co-authored a law review article called “Presidential Administration,” in which she advocated expansion of the powers of the Presidential branch of the government.  

 

 

These beliefs aligned her more with the conservative arms of the Supreme Court, and empowered the types of unprecedented power grabbing like wire tapping and the Patriot Act committed by the Bush Administration.  

 

 

Hopefully once on the Supreme Court she will realize the dangers of adding any more power to the Presidential position.  Even if intentions are good, expanding the power will inevitably lead, sooner or later, to abuse of that power.  

 

 

In addition, she said during her Solicitor General confirmation that she believed the Government had the right to indefinitely detain anyone accused of being an enemy combatant.  This is aligned with conservative elements of the government that believe suspension of Constitutional rights is justified in fighting the war on terror. 

 

 

 Let me underline one thing here.  Suspension of Constitutional rights is never justified when your very job description is to uphold those rights, no matter what.  Supreme Court Justices are charged with defending the Constitution in the face of pressure the fore fathers could not have foreseen.  

 

 

 “They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety” Ben Franklin, from his Historical Review of Pennsylvania. (1759)  

 

 

It should also be noted that Kagan was paid by Goldman Sachs as an advisor, and this puts her at odds with understanding the typical American.  The typical American is so far removed from the world of big money banks that the distaste for such corporations is similar across different areas of the country and different party affiliations.  

 

 

The average American hates Goldman Sachs for what they and others like them did to the well being of the entire country.  Thousands are out of jobs and out of homes because of actions taken by these entities, and Kagan actually advised them!

 

 

So what about the evidence that she is more leftist, and will anger far right conservatives?  Well, the main one is her much talked-about decision as Dean of Harvard Law School to ban army recruiting on campus because of the army’s policy of “Don’t Ask Don’t Tell.”  This has led some to call her “anti-military,” but upon closer inspection, that isn’t the whole story.  

 

 

 Harvard had a policy at the time of not allowing recruitment from any employer on campus that did not have comprehensive anti-discrimination policies.  The army is, among other things, an employer, and the “Don’t Ask Don’t Tell” policy is hardly anti-discriminatory.  

 

 

When push came to shove and federal money was threatened to be withheld from the university, Kagan relented and allowed recruiters on campus.  She is not, apparently, unwilling to compromise when hard decisions have to be made, and did not join the other faculty that attempted to sue the government over the law that allowed federal school funding to be tied to army recruitment.  

 

 

Another interesting statistic regarding her position as Dean is her hiring of 29 tenured faculty members, or rather, the nearly homogenous mix of faculty that she hired.  Of the 29, only one was non-white, and only six were female. 

 

 

This is rather circumstantial, however, as the people reporting this don’t have information about who was the most qualified in her stack of applications. Harvard has a record of hiring only the most qualified people in their fields, and without detailed application information it is impossible to know whether discrimination took place. 

 

 

She has challenged the Defense of Marriage act by saying she thought it was discriminatory and hoped to overturn it.  Regardless, she has defended the law.  

 

The other issue is her lack of judiciary experience.  That too, is not exactly as it seems.  Many people don’t realize that the U.S. Solicitor General is considered to be the unofficial “10th Justice,” with stature among the legal community right under the justices as both influential and knowledgeable in the area of constitutional law.  

 

 

What really bothers people is her lack of a paper trail.  It makes people nervous when they don’t know what you stand for, and any little thing in that situation can be grabbed onto and over analyzed. A thesis she wrote thirty years ago says little about her views now.  Many people have views that have changed drastically from the age of 21 to 50.  

 

 

There is a lot of speculation about her personal life as well. She is not married and has no children, but that doesn’t necessarily mean she’s gay!  Women that aggressively pursue careers and higher education often make the decision to forego conventional married-with-children-type lives. Of course, it doesn’t mean she’s not gay either. So what does any of that matter?  Although it would be politically correct to say that Kagan’s sexuality wouldn’t matter, the truth is that it would matter....a little.  

 

 

If she was gay, her perspective would be different when the Defense of Marriage Act comes under scrutiny, which it already has and will continue to.  But one would be foolish to think that Justice Sodomeyor’s cultural background wouldn’t affect her decisions in any way in the area of immigration policies.  Everyone is influenced by their personal experience, but that is why we have 9 Justices of different backgrounds, rather than 2 or 3 of the same background.    

 

 

It should be noted that the White House has issued a statement that Ms. Kagan is not gay, and there are no reliable sources that would lead one to believe she is.  

 

 

Ultimately, it will be up to Congress to decide whether Kagan is the right woman for the job. Some are so anti-Obama that they will turn down anyone he picks, just on principle, and some have legitimate concerns about the nomination.  

 

 

On the plus side, if Kagan is appointed, the highest court in the land will have three women serving on it for the first time in history.  Kagan is young and will most certainly shape the policies of the court for many years, so it is important that her nomination is closely scrutinized from all angles, and if I know this Congress, I’m sure it will be.  

 

 

Obama Addresses Patients' Rights

President Obama has issued a presidential memorandum instructing his Health and Human Services secretary to draft rules requiring all hospitals receiving federally funded Medicare and Medicaid payments (nearly all American hospitals) to grant all patients the right to designate who can visit and consult with them in moments of health crisis.  Hospitals may not deny visitation rights and consultation privileges to anyone on the basis of race, color, national origin, religion, sex, sexual orientation, gender identity, or disability. 

The rules primarily apply to patients’ advance directives, in which a patient can designate, before they are ill or critically injured, who they want with them in their hour of need.  Although the new rules are a huge victory for the GLBT community, these are not the only people affected.  For example, older people without children, or whose children are absent, can designate a close friend to be with them instead, a choice that hospitals would have denied in the past because a close friend did not fit the criteria of immediate family. 

Obama’s decision was influenced in part after reading an article regarding a Miami lesbian woman whose advance directive stating her wishes that her longtime partner was at her side when she was dying was ignored by the hospital.

In his statement, Obama said: "Every day, all across America, patients are denied the kindnesses and caring of a loved one at their sides -- whether in a sudden medical emergency or a prolonged hospital stay. Often, a widow or widower with no children is denied the support and comfort of a good friend."

He added: "Also uniquely affected are gay and lesbian Americans who are often barred from the bedsides of the partners with whom they may have spent decades of their lives -- unable to be there for the person they love, and unable to act as a legal surrogate if their partner is incapacitated."

 

As always, there are opponents to the move, saying that using Medicare and Medicaid to enforce this decision was improper.  It should be noted that the exact same tactic was used by President Lyndon B. Johnson to ensure that hospitals desegregated.  Others are saying once again that this violates the sanctity of marriage, although nothing even mentioned marriage.  This legislation only addresses the right of a sick or dying person to choose who they want with them in their hour of need. 

 

America is a country with a wide variety of people from many different familial backgrounds.  There are many for whom the person closest to them is not their family, whose families are estranged for whatever reason. This decision should have the support of the American people, as it is much more about protecting patient rights than it is about radical legislation.    


   

Arizona Taxi Driver Miracle

Last year a special education methods instructor from Gilbert, Arizona named Rita Van Loenen was diagnosed with kidney disease.  She checked with her family and friends for a donor, but none of them were  a match.  She tried taking a kidney from her cousin but the match wasn’t close enough and the transplant failed.  Then the most unusual thing happened, many people are calling it a miracle. 

Van Loenen had the same taxi driver take her to her dialysis appointments several times, and to her great surprise, he offered to donate his kidney.  Now, that alone would be a great gesture of good will, but the likelihood of him actually being a perfect match is much like the odds of getting struck by lightning, maybe even less likely.  To Van Loenen’s amazement, Thomas Chappel, her taxi driver, ended up being that one in a million perfect match. 

The match was close enough that they could have been siblings.  Chappel has said that he is a man of faith and something told him to offer to help because it would work.  He has never asked for any compensation for his help, though his employer, VIP taxies, has promised to compensate him for lost wages when he has the operation.  

 

How and Where to Prosecute Terrorists

The Obama administration has an important decision to make concerning where and how to hold the trial of Khalid Sheik Mohammed and four of his associates that were responsible for the 9/11 attacks. 

Read more: How and Where to Prosecute Terrorists

   

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National Headlines

  • Calif. wildfire forces hundreds from homes (AP)

    A fast moving wildfire burns above Elizabeth Lake Road in Leona Valley near Palmdale, Calif. on Thursday, July 29, 2010. Mandatory evacuations were issued for the community of Leona Valley on Thursday evening, Los Angeles County Fire Inspector Matt Levesque said. (AP Photo/Dan Steinberg)AP - A huge wildfire churned through high desert wilderness north of Los Angeles on Friday, destroying a few buildings and forcing people from about 2,000 homes. Most of the displaced residents were allowed to return as the threat eased.


  • Defense opens for Ark. doctor charged in bombing (AP)

    FILE - This file photo released Aug. 18, 2009, by the Pulaski County Sheriff's Office shows  Dr. Randeep Mann.  Mann's attorneys contend the charges against him are weak, especially since there's no forensic evidence or witnesses to prove Mann set off the explosive. (AP Photo/Pulaski County Sheriff's Office, file)AP - Lawyers for a doctor accused of masterminding a bombing that disfigured the chairman of the Arkansas Medical Board opened their defense Friday, hoping to show that prosecutors "cobbled together" a theory when they couldn't link the physician to the bomb or the scene.


  • Incoming BP CEO: Time for 'scaleback' in cleanup (AP)

    File - In this June 16, 2010 file photo, BP Chief Executive Officer Tony Hayward, left, and BP Managing Director Bob Dudley arrive with other BP executives at the White House in Washington DC. The appointment of American oilman Robert Dudley to replace luckless Briton Tony Hayward as CEO is the latest milestone in the waning Britishness of the company once known as British Petroleum. (AP Photo / Susan Walsh, file)AP - BP's incoming CEO said Friday that it's time for a "scaleback" of the massive effort to clean up the Gulf of Mexico oil spill, but he added that the commitment to make things right is the same as ever.


 

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