Tag: Dodd-Frank

As part of his presidential duties, Barack Obama pardoned, in time for Thanksgiving, the final turkeys of his tenure from the highest political office in the nation. As a lame duck president, if Obama wants more than the sparing of two birds to add to his legacy in his final days as POTUS, he should stand with the people of Standing Rock Reservation in North Dakota and their supporters—before it’s too late.

Let’s walk things back a bit, though. What exactly is President Obama’s legacy, and what do we make of all this business in Standing Rock? On the first count, well, it’s complicated. Ask five different people what they think about Barack Obama’s eight years in office, and you’ll likely get five different responses. According to the most recent Gallup polling, at any rate, on approval of the job President Obama is doing, from the period spanning November 14 to November 20, 2016, 56% give the man a thumbs-up. This figure is under the high watermark of 69%, the average set across the three-day period from January 22 to January 24, 2009, when Obama was just settling into his new role as leader of the free world, but significantly better than the 38% nadir he registered numerous times after that 69% zenith, most recently in September of 2014. To put this in historical perspective, Barack Obama’s 32nd-quarter rating is about four percentage points higher than that of U.S. presidents across history. It is roughly equivalent with the approval rating enjoyed by President Ronald Reagan at the same point in his presidency (57%), a few points behind that of Bill Clinton (63%), and, ahem, leaps and bounds ahead of George W. Bush (29%). So, per the vox populi, Pres. Barack Obama is in line with what we’d expect from a person of his stature, and even slightly better.

While public opinion can inform history’s larger judgment of a president’s impact on the country, perhaps it would prove more instructive to view Obama’s two terms through the lens of major events within them. Accordingly, let’s review his seven-plus years and change and see what stands out:

Stimulus package/Economic policy

Even the most hard-hearted Republican critics of Barack Obama as President of the United States would probably tend to acknowledge the guy was handed a pretty rough deal in light of economic happenings at the time. The country was reeling from the global financial crisis known here in the U.S. as the Great Recession, and in a move designed to prevent the American economy from complete collapse, President Obama signed the American Recovery and Reinvestment Act in 2009, which authorized $787 billion in spending to combat the negative effects of the recession. The Obama administration contended that the various measures enacted under ARRA were necessary to avoid an even worse fate for the nation. Of course, this argument seemed all but lost on GOP lawmakers; in an example of the kind of partisan conflict Barack Obama’s initiatives would experience throughout his time in office, ARRA would only make it to his desk to be signed on the strength of Democrats’ votes, with just three Republican senators voting yea as the bill worked its way through Congress. Emergency spending bills, threats of government shutdowns—Jesus, the GOP really likes to play chicken with the U.S. economy, don’t they?

The Obama administration lobbied for a second such “stimulus package” later in the year, but this would fail to pass. By this point, Republican assassination of the legacy of the ARRA was well under way, with the idea of a “stimulus” bill proving wildly unpopular with the public. Still, it is not as if President Obama’s policies didn’t make an impact even beyond the American Recovery and Reinvestment Act. Speaking of large cash infusions to institutions, Obama presided over a second auto bailout to the tune of $9.3 billion more. Pres. Obama also signed into law a federal minimum wage increase up to $7.25, which is great for the workers it affects but falls well short of the $12 minimum wage Barack Obama himself had sought and which Hillary Clinton had stressed as a part of her economic plan during her campaign.

As for post-recession trends during Obama’s two terms, median income has yet to rebound from its 2007 pre-recession rate, prompting fears those incomes will never return. GDP growth has been positive, but not overwhelming. Short-term interest rates only recently increased after staying near zero for most of the Obama presidency. Finally, unemployment has seen a decline from its 10% peak in 2009, and lately has been hovering around a rate of 5%, but this figure is somewhat misleading owing to things like comparisons between part-time and full-time workers as well as inability to account for those who have given up looking for work. Broadly speaking, one might judge Barack Obama’s presidency, in economic terms, as one which averted disaster, but otherwise has been uneven to minimal in the benefits it has promoted in these key areas.

Other economic policy stances

The political hot potato that it always seems to be, the national debt has also been a topic of considerable discussion during Obama’s tenure as POTUS. While other countries faced austerity measures related to the global financial crisis, U.S. government debt has grown under Barack Obama’s watch, paving the way for conflicts along politically ideological lines concerning whether or not spending should be slashed in key areas. The National Commission on Fiscal Responsibility and Reform, or the Simpson-Bowles Commission, was commissioned in 2010 to address ways in which the United States might significantly lower its debt. Numerous individual measures were suggested as part of this report, though the analysis that resulted from the Commission was broadly encapsulated by calls for spending cuts (e.g. cutting into our bloated military spending) and tax increases. Of course, suggesting we spend less on the military and take more from wealthy Americans generally doesn’t sit well with the GOP, so perhaps unsurprisingly, these proposals never received a vote of approval in Congress. Oh, well. The academic exercise was fun, wasn’t it?

Even before Barack Obama took office in 2009, Republican lawmakers were primed to give him hell on matters of the nation’s debt ceiling. When the GOP, buoyed by surging popularity of Tea Party Republican politics, cleaned up in the 2010 mid-term elections, and their voice got that much louder in the House of Representatives, debates over whether or not to raise the debt ceiling and/or effect significant cuts in areas like entitlement programs and military spending grew that much more contentious. Obama, to his credit, tried to negotiate with John Boehner and the other House Republicans on these matters. Predictably, that didn’t work in terms of a “grand bargain.” Instead, we got the Budget Control Act of 2011, which raised the debt ceiling, kicking the proverbial can down the road as per the usual, as well as established the Joint Select Committee on Deficit Reduction, which also didn’t work, and provided for budget sequestration, which would automatically take effect in case Democrats and Republicans couldn’t reach an agreement through the Committee. Which, of course, it did.

Later on in Obama’s presidency, in October 2013, there was a fun little government shutdown, again resulting from an impasse on concerns of a budgetary nature—this time, over whether or not to defund ObamaCare. The end result of that political kerfuffle was a resolution to end the shutdown, fund an omnibus spending bill, and raise the debt ceiling—again. The above conflicts, viewed out of context, can be viewed as a hallmark of a presidency helmed by a divisive leader. In reality, though, it takes two to tango, and since achieving a majority in the House and the Senate, Republicans have been every bit the stubborn obstructionists we might expect from lawmakers deferring to party politics. In other words, for all the griping about Batack Obama’s failure to reach across the political aisle, GOP lawmakers were awfully quick to slap at his hand on the occasions he did eke it out.

Foreign policy

There’s so much material here it’s difficult to know where to begin. We might have to look at some of the highlights within the highlights, so to speak. Here are just some of the areas that helped define Barack Obama’s time as the so-called leader of the free world:

1) Afghanistan and Iraq

Much as President Obama inherited an economic shit-storm with the advent of the Great Recession, the man inherited a veritable quagmire in the Middle East after George W. Bush plunged us headlong into armed conflict in not one, but two, countries. Noting the challenges presented by America’s continued involvement in Afghanistan and Iraq, Obama should be afforded some understanding with respect to the tough decisions he was forced to reckon with as Dubya’s successor. Of course, this is not to absolutely meant to exonerate him either. On one hand, Barack Obama, a vocal critic of the Iraq War during his initial campaign, was instrumental in the substantial drawing-down of troops stationed in Iraq, at least prior to the rise of ISIS.

On the other hand, as advised by Secretary of State Hillary Clinton, Defense Secretary Robert Gates, and Chairman of the Joint Chiefs of Staff Michael Mullen, Obama authorized the expansion of American servicemen and servicewomen to a high mark of 100,000 in Afghanistan before signing an agreement to leave major combat operations to Afghan forces. If there’s one major criticism of the Obama administration’s handling of the ongoing situations in Afghanistan and Iraq, from my perspective, it is that it has been too eager to spin a narrative of success and close the book on our efforts in these countries when the ever-present threat of al-Qaeda, ISIS, and, within the former, the Taliban, exists and causes unrest. By the same token, this is not to meant to overstate their danger, but only to consider that the way in which we fight wars is changing, and to put a timetable on completion when deep ideological divisions lie behind conflicts on international and national levels almost invites that schedule’s destruction.

2) China/East Asia

China has been a toughie for Barack Obama as President, no lie. While more recently, the emerging power has seen a slowing of its economy, its overall improvement in stature on the world’s stage has meant that President Xi Jinping and Co. have been eager to whip their dongs out and swing them around. In particular, the U.S. and China have shared a rather tentative relationship of late, with periodic spats over issues like arms sales to Taiwan, climate change, cyber-security, handling of North Korea, human rights, and territorial disputes. If nothing else, though, the apparent declining support for the Trans-Pacific Partnership (TPP)—an agreement meant, if nothing else, to assert American economic presence in Asia alongside the People’s Republic—seems to have saved Obama from a potential stain on his legacy.

Speaking of North Korea, by the way, um, it’s still there, and still working on nuclear weaponry. Sweet dreams.

3) Cuba

So, that whole thing about Cuba being on the State Sponsors of Terrorism list is done with. Also, recently, diplomatic relationships have been restored between Cuba and the United States, and economic restrictions have been loosened. Shit, Obama even went to see a baseball game down there! Cuban-American relations, in short, seem to be on the upswing. Then again, if Fidel Castro’s parting words before his recent passing are any indication, the U.S. would be wise to proceed with caution, and perhaps vice-versa. Castro wrote caustically that Cuba does not need any gifts from “the Empire,” and furthermore, that Barack Obama has not tried to understand Cuban politics. While it may seem as if everything is hunky-dory now, seeds of resentment toward America may yet exist in Cuba and elsewhere in lands touched by communism.

4) Drone strikes

Perhaps one of my biggest gripes with Barack Obama’s foreign policy stances over his tenure was that his administration saw an expansion of the drone warfare program set upon by George W. Bush. The predominant criticism with this bit of policy shift is that for all the terrorist figureheads “neutralized” by strikes in Pakistan and elsewhere in the Middle East, numerous civilian casualties have resulted, including those of American citizens. A drone strike was even used to intentionally take out Anwar al-Aulaqi, an American citizen and Muslim cleric with ties to al-Qaeda, controversial in its own right for essentially being an extrajudicial killing OK’d by the Commander-in-Chief.

It seems more than vaguely hypocritical for the United States to police the world and portray itself as a white knight of sorts when it goes around bombing other countries, killing innocent people, and apologizing with a note saying “Oops!” We may not be terrorists per se, but indiscriminately flexing our military muscles with little regard for collateral damage is a sin in its own right. And Obama is guilty in his own right, to be sure.

5) Gitmo

The obstruction of Republicans notwithstanding, that President Obama has been unable to close the detention camp at Guantanamo Bay as intended—a goal he has reaffirmed year after year, at that—has got to feel like a disappointment for both he and human rights advocates. Sure, strides have been made in reducing the number of captives at the naval base there, as well as ending the practices of “enhanced” interrogation techniques and referring to those being held in detention as “enemy combatants,” but that detainees can still be held indefinitely without being charged is gross overreach on the part of the United States government. From where I’m sitting, Gitmo’s legacy is a stain on our national character, and potentially giving Donald Trump and his appointees broad access is deeply troubling.

6) Iran

Republicans tend to get all worked up about where we are in our relationship with Iran, with two main triggers in this regard. The first is America’s resolution with Iran concerning the latter’s agreement to limits on its nuclear program and access to International Atomic Energy Agency inspectors in return for reducing sanctions. To be fair, it doesn’t exactly warm the cockles of one’s heart to have to negotiate with a country that has more or less made “Death to America” a national slogan. Nonetheless, outside the realm of Congress and with no disrespect to Israel and Prime Minister Netanyahu, it would seem as if there is high approval for such an accord, and I, for one, feel better about having some sort of understanding in place and approaching the situation with a greater sense of diplomacy than George W. Bush and his hawkish administration did.

The other issue that gets GOP politicians and conservative theorists alike all hot and bothered is a supposed $1.7 billion “ransom payment” (includes interest) to the Iranian government in return for the release of three American prisoners. The timing was suspicious, as I’m sure many on both the left and right can agree, but not merely to minimize this controversy, but I also don’t know what evidence there is that these monies were wired for the express purpose of hostage release. It’s bad optics, yes, but there is the possibility it is just that.

7) Libya

By now, most of America’s fixation on Libya seems to involve the events surrounding the attack on Benghazi. I remain critical of the Department of State’s handling of this situation, as I believe requests for more security and resources at the diplomatic mission were ignored by Hillary Clinton’s department, and suggesting she isn’t culpable because she wasn’t made aware of the deteriorating situation in Libya rings hollow when it can be argued that she should have been more aware, especially when she and others within the Obama administration were instrumental in pushing for Gaddafi’s deposition. While perhaps not the most egregious chapter in the book of Barack Obama’s presidency, America’s involvement in Libya during his two terms also doesn’t do much to allay concerns about our nation’s “shoot first, ask questions later” attitude when it comes to addressing international and national disputes.

8) Osama bin Laden

Oh, yeah. We killed that f**ker. Moving along.

9) Russia

Relations between the United States of America and the Russian Federation seemed to be moving in a positive direction, at least during Obama’s first term. Our president and their president signed a major nuclear arms control agreement. Russia joined the World Trade Organization, and the two countries were doing business again. The U.S. and Russia—Russia and the U.S.—we were like BFFs! And then Vladimir Putin took the reins again in Russia, and that got shot to shit. With actions such as the annexation of Crimea, repeated incursions into the Ukraine, and propping up the deadly regime of Bashar al-Assad in Syria, Putin’s militarism has put his country on a course directly at odds with the “reset” Barack Obama had envisioned for U.S.-Russia relations. Most recently, probable interference of the Russians in American electoral affairs—needless to say, so not cool. Obama has caught a lot of flak for not meeting Putin’s shows of force with the same contentious spirit, but I applaud his administration’s levelheadedness, as too much fuel on the fire could lead to an escalation of any conflict, armed or otherwise. Sometimes, restraint is the best policy. Looking at you, President-Elect Trump.

10) Syria

Speaking of Syria, it’s a mess. Assad, insurgent forces, ISIS, Russia, and the U.S. launching airstrikes—and the proud people of a country with a rich history caught in between. It’s a devastating situation, and no doubt you’ve seen some of the photos of the carnage. In November of last year, Barack Obama announced a plan to resettle some 10,000 Syrian refugees in the United States. If you ask me, the number should probably closer to 100,000—conservative Republican rhetoric be damned. Though the civil unrest is a conflict of a military nature, the suffering within Syria is a fundamentally human issue. Pres. Obama did not cause this war. He and Hillary Clinton did not give rise to ISIS. As such, he alone cannot solve the complex problems within the Syrian state. Alongside cooperation with neighboring countries, what we sorely need is compassion for the people affected by the fighting in Syria.

Social policy/domestic initiatives

Again, there’s a lot of ways we could go with topics under this heading, but seeing as we’ve already been through a lot of material, I’ll try to be briefer on this end. The domestic initiative most synonymous with Barack Obama’s presidency is, of course, the Affordable Care Act, known colloquially as ObamaCare. There are a lot of ObamaCare haters out there, and in light of this antipathy, even staunch Democrats have found themselves hard-pressed to defend the ACA. For my part, though the initial execution may have been flawed (recall all those early problems with Healthcare.gov), this initiative does put us closer to where we need to be in terms of universal healthcare—which is a right, mind you, or should be. The notion of any sort of mandate, be it required of employers or individuals, it would seem, really sticks in the craw of its detractors, but despite the hooting and hollering about government overreach from the right and railing about the burden on small businesses, having large numbers of uninsured Americans creates its own costs, and potentially larger ones at that down the road. ObamaCare is not perfect, but to label it an outright failure is more than a little misleading.

On other dimensions of domestic policy, Pres. Obama’s initiatives, if not particularly far-reaching, can be once more understood within the context of an obstructionist Congress. Barack Obama signed into law a repeal of “Don’t Ask, Don’t Tell,” but only on the strength of support from Democratic lawmakers. Though the Obama administration saw a record number of deportations, Obama himself has been a vocal supporter of the DREAM Act, and signed the Deferred Action for Childhood Arrivals policy into law—even though he has been fought tooth-and-nail on both issues. Attempts to pass sensible gun law reform have been, in a word, cock-blocked by Republicans’ subservience to the NRA. And anyone thinking Obama’s ascendancy to the presidency would magically fix what ails the nation in terms of racial prejudice has full permission to go screw. As recent political events have brought to the forefront, there is a lot of deep-seated racism present in the United States, the likes of which Jesus Himself couldn’t hope to overcome. To those who would brand Barack Obama as a divider and not a uniter, I must express my doubts about how seriously you were willing to be united in the first place—that is, on terms other than your own.

Full disclosure: I used and thank Wikipedia’s page on Barack Obama’s presidency for serving as a template for my personal opinions on his administration’s policies in light of the challenges he has faced. If you do check that link, you’ll notice I omitted two sections. One is science, technology, and the environment, a lot of which I found to be dry and uninteresting, quite frankly, and since this post is long enough already, I opted to scrap it, though environmental concerns are related to the discussion soon to follow. The other section, meanwhile, is ethics, and it is at this point which I’ll strive to make the connection to Standing Rock. Overall, I feel Barack Obama, who easily outpaces George W. Bush in leadership skills and sound foreign policy navigation (not exactly the most difficult achievement), if I may say so myself, has done a fairly good job at steering the nation along a path of incremental progress, a job made that much more difficult by the obstinacy of the GOP.

This notion of the virtue of incremental progress, however, in itself a limiting factor, and thus, in general terms, is at the same time a major criticism of the Obama occupancy of the White House—that his policies haven’t gone far enough, even noting Republican resistance. Don’t get me wrong—I like Barack Obama. As a person, I think he’s got a great personality, not to mention a beautiful family and a wife and First Lady in Michelle who may be as capable a leader as he, if not more so. Nevertheless, there are points where I disagree with the President, a notion some Democratic Party loyalists treat as tantamount to disrespect or even heresy. On an economic front, as alluded to earlier, I disapprove of Obama’s stubborn adherence to the Trans-Pacific Partnership. As a true Bernie Sanders devotee, I also find fault with his administration’s seeming unwillingness to go beyond the provisions of Dodd-Frank, as many would agree is necessary to keep Wall Street in check, including but not limited to reinstatement of Glass-Steagall, not to mention his extension of the Bush-era tax cuts. Within the sphere of social policy, too, for all the reforms made in the intersection of the criminal justice system and drug laws, the war on drugs still rages on, and the DEA is still wont to equate marijuana with a drug like heroin, while substances like alcohol, opioids and tobacco are easily accessible.

Additionally, invoking again matters of ethics, for a president who vowed that lobbyists wouldn’t find a place in his White House and that his administration would be the most transparent in history, Barack Obama has waffled if not deliberately violated these precepts. If we add the revelation of the existence in 2013 by Edward Snowden of the PRISM mass electronic surveillance program as a function of the NSA, the willingness of the Obama administration to cross ethical lines, if not legal and constitutional lines, is all the more unsettling. If we bring contemplations of social and moral responsibility into the mix, meanwhile, while, again, Obama has fared significantly better than his predecessor, as regards the environment, it’s yet a bit of a mixed bag. On one hand, Pres. Obama has identified climate change as the biggest threat the nation and world faces, and has set forth legislation on numerous occasions designed to cap carbon emissions and overall reduce the United States’ emissions footprint. On the other hand, Obama has only nixed domestic offshore drilling and other projects like the Keystone XL extension because they weren’t economically viable, not for strict adherence to environmental principles. Do as I say, not as I’d do if the money were better.

Enter the Dakota Access Pipeline and Standing Rock Indian Reservation. Some background information, first. Energy Transfer Partners, a Fortune 500 natural gas and propane firm, seeks to construct a pipeline that would run from the Bakken Oil Fields in North Dakota to a point in southern Illinois, going underneath the Mississippi and Missouri Rivers and part of Lake Oahe near Standing Rock in the process. According to the Army Corps of Engineers, the proposed pipeline would have little to no impact on the surrounding area. This assessment, however, has been judged by outside observers as being rather limited in scope, failing to analyze the situation in terms of a potential area-wide environmental impact, and since being asked to conduct a full-scale review by various related agencies, even the Corps has acknowledged it needs more time to make an adequate assessment on the impact the Dakota Access Pipeline could have.

That’s the good news, the delay. The bad news comes with how little attention the progress of the Dakota Access Pipeline project and the protests of its completion have received until recently, and just how severe the backlash has been against protestors from security guards contracted by those involved with the pipeline project as well as law enforcement siding with the corporate entity. There have been reports of guard dogs and pepper spray used on protestors, as well as concussion grenades, rubber bullets, tear gas and water cannons in freezing conditions, not to mention the use of the criminal justice system to intimidate and silence journalists. Even if some protestors were being unruly, though, as North Dakota state police have alleged, this use of force appears disproportionate and harsh. What’s more, this treatment would seem to run at odds with how other superficially similar situations have unfolded. Making an allusion to the extended occupation of Malheur National Wildlife Refuge in Oregon by armed militants, the coiner of the term Black Lives Matter, Alicia Garza had this to say:

So let me get this correct. If you’re white, you can occupy federal property … and get found not guilty. No teargas, no tanks, no rubber bullets … If you’re indigenous and fighting to protect our earth, and the water we depend on to survive, you get tear gassed, media blackouts, tanks and all that.

The disparity seems pretty telling. In America, the sanctity of Indian lands and water sources evidently pales in comparison to the whims of the fossil fuel industry and white privilege. If you’re pumping vast sums of oil or you’re Caucasian and packing heat in vague protest of government overreach, you stand to fare better than a Dakota Access Pipeline protestor or, say, a black person stopped by the cops for a minor traffic violation.

Thankfully, in light of the apparent brutality shown toward these protestors, along with the sheer number of people who have stood with Standing Rock, not to mention several entertainers and other celebrities who have drawn attention to the plight of the reservation’s Sioux citizens and others who have suffered for the cause (for Christ’s sake, they arrested Shailene Woodley, of all people! Shailene Woodley!), average Joes like you and me are taking notice. One voice above all, though, would carry considerably more weight, and since I spent some 3,000 words talking about him just now, I think you know to whom I’m alluding. Barack Obama has been notably silent on matters of Standing Rock and the Dakota Access Pipeline, as were Donald Trump and Hillary Clinton once it became, for all intents and purposes, a heads-up contest for the presidency.

It’s not like his involvement hasn’t been sought, either. Chief Arvol Looking Horse, a spiritual leader and voice for the Great Sioux Nation, has pleaded with Pres. Obama to keep his word with recognition of treaties with native peoples and to act when they are violated. Bernie Sanders has spoken at a protest in front of the White House and personally appealed to the President to act against the Dakota Access Pipeline, and other senators have urged him and his administration to do a more thorough environmental assessment of the project’s impact, as well as consider consulting more directly and openly with tribal representatives. Obama himself has even acknowledged Standing Rock Reservation and the associated protests by name on more than occasion.

Acknowledgment of the problem helps, and I encourage those of you who support resistance to the Dakota Access Pipeline to use the hashtag #NoDAPL in your social media posts and dialogs. But we need action—not just from people like you and I—but from our leaders, those with the most direct path and power to affect change. And Barack Obama is at the top of the list. As noted, Obama and Co. has killed offshore drilling projects and the Keystone XL extension—though not necessarily for the purported altruistic reasons. Going back to his legacy, though, if ever there were a time to stand for something on principle, it would be now, and standing with the people of Standing Rock and the future of the planet over the Dakota Access Pipeline and the fossil fuel industry. President Obama, if I may address you directly, sir—you are a lame duck president. Your political party just had its ass handed to it in the election, despite the results of the popular vote for the president, in part because people are fed up with politics as usual and the incremental progress paradigm of yesteryear. And while party loyalists and more moderate liberals may support you no matter what, those of us disenfranchised with the status quo are asking for more, and to boot, those on the extreme right are intent on destroying the best points of your legacy.

Which is why, Mr. President, now is the time to act. Stand with Standing Rock, because Donald Trump almost certainly won’t. Re-write the narrative. Leave one final meritorious page in the storybook of your presidency. I, concerned citizens around the world, and the planet itself will thank and remember you for it.