It is a safe bet that everyone, at some point in
their lives, has jumped to a conclusion based on errant information or,
worse, failure to see beyond their own biases. On more than one
occasion, President Obama has been the recipient of unfair criticism
from the left and members of his own party simply because they failed to
comprehend he was thinking several steps ahead of them. The repugicans
have still not learned this lesson and despite outrage from the left,
the so-called CRomnibus passed and John Boehner and Mitch McConnell now
understand that the President just punked them again; he also won some
major victories in getting the funding bill passed. In fact, as a former
anonymous congressional staffer remarked, Obama deftly manipulated
Republicans into what is a “Total public repudiation of their ultra-wingnut nullification caucus they had planned for the rest of his term.”
First, John Boehner never intended for Congress to
pass the CRomnibus. His deceitful plan was to insert what he thought
were a couple of poison pills Democrats would rail against so repugicans could pass a very short-term funding bill. In fact, House
leadership promised to pull the CRomnibus for lack of votes and replace
it with a short-term continuing resolution that would push the entire
funding debate into early next year when repugicans could enact their “Obama nullification” agenda for the Koch brothers.
Now, a repugican-controlled Congress has lost its “power of the purse”
to eviscerate several federal agencies in 2015. Remember, incoming
Senate Majority Leader Mitch McConnell had already promised the Koch
brothers last June that when repugicans controlled the House and
Senate, they would “go after the federal government, all of it”
in 2015 by threatening to shut down the government unless Obama caved.
It was an ill-advised plan that President Obama anticipated and
thwarted.
The repugican leadership intended to use a rash of
short term government funding emergencies, and a series of shutdown
crises, to force Obama’s hand on several issues including repealing
Dodd-Frank in its entirety, eliminating the Environmental Protection
Agency, reverse the President’s immigration action, and repeal the
health law. It is important to remember, that repugicans were not too
concerned about blowback from shutting down the government because they
did not suffer any negative repercussions from the October 2013 shutdown
as evidenced by their midterm victories last month.
Indeed, there is still a relatively large contingent
of repugicans and wingnut voters who support using the shutdown
threat to blackmail the President to enact a “purely wingnut
agenda.” That threat is now non-existent because Obama eliminated the repugican’s promised plan to use funding the government as leverage to
advance the Koch brothers’ agenda for the rest of the President’s term. The repugicans cannot use the shutdown threat throughout 2015 and they
certainly will not try it going into the 2016 presidential primaries.
There was, and still is, outrage among progressives
and liberals alike about the so-called end of the 2010 financial reform
law (Dodd-Frank), but the provision inserted into the CRomnibus is
relatively insignificant. The lion’s share of the 2010 financial reform
law is completely intact, and since the President prevented a repugican
Congress from using funding the government to repeal the entire law, it
is safe. There is an easy to understand explanation of why the “push-out” rule governing “some” commodities is the least important aspect of Dodd-Frank here.
Not only does the provision in the CRomnibus not affect all derivative
swaps, it has no impact on most of them and leaves the highly effective
financial reform law intact and repugicans have no leverage to repeal
or gut the successful law.
One has to give repugicans credit for creativity in
devising so-called poison pills to kill the funding bill such as
allegedly eliminating the Clean Water Act’s enforcement power. The
provision in the CRomnibus prohibited the EPA from using the CWA to
regulate backyard and agricultural ponds and ditches, a provision that
was already firmly entrenched in the law. However, without investigating
exactly what the repugican rider actually said, the idea drew outrage
from environmentalists concerned the CWA was finished; including this
column.
Even though the idea of cutting retirement benefits
is abominable, the rider in the CRomnibus was supported by unions and
multi-company plan administrators because some badly-managed pension
funds are on the verge of insolvency; and soon. The director of the
National Coordinating Committee for Multi-employer Plans said “This
bipartisan agreement gives pension trustees the tools they need to
maintain plan solvency, preserves benefits for the long haul, and
protects the 10.5 million multi-employer participants. With time, and
money, running out on the retirement security of millions of Americans,
moving this bipartisan proposal forward now is not only timely, but
necessary.” The danger, however, is allowing the Koch brothers’
State Policy Network and American Legislative Exchange Council use the
threat of insolvency to go after other pension plans, including public
sector plans that are very healthy due to Wall Street’s growth thanks to
President Obama’s handling of the economy. But now that repugicans
cannot use funding the government as a hostage, their promise to the
Koch brothers will go unfulfilled.
Once again, President Obama has out-maneuvered repugican plans to further wreak havoc on the nation, and although a
clean funding bill would have been ideal, it was never going to happen
because repugicans. Boehner once again miscalculated the President’s
ability to see through a dirty devious plan to hold the country hostage
every 60 days with government funding crises that were certain to last
throughout the rest of the President’s term. With no shutdown threats to
extract concessions the people would regret in the short and long term,
the President not only saved the people a world of misery, he outplayed repugicans and eliminated their ability to use the budget process to
enact the Koch brothers’ agenda.
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