The “both parties are the same” laziness has to end:
"Federal regulators are poised to approve a tougher-than-expected version of the so-called Volcker Rule, adopting a harder line in recent weeks against Wall Street risk-taking…. The rule, which comes to a vote on Tuesday, is a symbol of the Obama administration’s post-financial-crisis crackdown on Wall Street. In particular, it bans banks from trading for their own gain, a practice known as proprietary trading. In doing so, the Volcker Rule takes aim at the sort of risk-taking responsible for a $6 billion trading blowup last year at JPMorgan Chase.”
Banks will have to act more like banks. Imagine that.
As Vijay Prashad points out, many of the world’s leaders that are apparently mourning the death of Nelson Mandela were the “same people opposed [to] freedom in South Africa to the very end.”
Although Ronald Reagan has passed away himself, one can imagine he might salute Mandela today. But as president, Reagan worked against Mandela, so much so that he vetoed the Comprehensive Anti-Apartheid Act in 1986. Believing that he knew what was best for black people living under apartheid in South Africa, Reagan opposed sanctions and wanted to maintain friendly relations with the white supremacist government.
South Africa’s Desmond Tutu disagreed. Watch this 1986 news report about Tutu’s visit to the White House, in which Tutu explains the way that Reagan failed black South Africans.
But in fully implementing Obamacare, Sandoval faces a double-edged sword: He’s helping bring health care coverage to a state with the second highest uninsured rate in the country, while he may be hurting his national ambitions because he’s not actively blocking the president’s law.
I love that Politico writes this sort of thing without any apparent self awareness. The good news is that he’s vastly expanded medical coverage in a state that really needs it. It’s going to save a lot of lives. BUT of if he ever wants to run for President, there might be some angry Republicans. So, on one hand, competent governance and thousands of lives saved. On the other hand, maybe an awkward explanation to some angry people. It’s tough to balance this sort of thing.