"One does not establish a dictatorship in order to safeguard a revolution; one makes the revolution in order to establish the dictatorship." -George Orwell
Action speaks louder than words but more and more we are getting a dose of both. Both sides are resting up for what will be a serious donnybrook... or at least I hope so.
It may seem innocuous to some, but recent news that the White House will skip over Congress to tax everyone's cell phone in order to raise money for Wi-Fi for schools underscores three critical points in what I'm calling Obama 2.0 and its promises to challenge boundaries of law and established checks and balances in government.
Down with the King
Each time President Obama speaks he adds additional threats of going it alone and usurping the power of Congress. A big example in this direction was deciding to push back the so-called employer mandate of the healthcare law, in essence giving businesses a break for not offering healthcare insurance to employees. Many argue it's unconstitutional for any president to pick apart a law. The action will leave the budget for the new law $13.0 billion short, but there will be additional carve-outs. So, now the White House is saying the FCC has the power to tax all cell phone users without congressional approval.
This is serious stuff and will soon be applied to larger issues.
That means whatever executive authority I have to help the middle class, I'll use it. Where I can't act on my own and Congress isn't cooperating, I'll pick up the phone, I'll call CEOs, I'll call philanthropists, I'll call college presidents, I'll call labor leaders, I'll call anybody who can help and enlist them in our efforts —— because the choices that we, the people, make right now will determine whether or not every American has a fighting chance in the 21st century.
So, yes, Congress is tough right now. But that's not going to stop me. We're going to do everything we can wherever we can, with or without Congress, to make things happen.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 24th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Tuesday April 22nd, 2014 | John Ransom