the Good: Obama and his team have instituted real regulation on banks to stop their corrupt practices of using taxpayer money to take unnecessary risks for their own profits.
This is a victory for all americans, and should go far to help ensure a collapse like we've seen during the end of Bush's term, doesn't happen again. as I understand it, some of these rules are not dissimilar to the controls put on baks after the great depression.
the Bad: SCOTUS struck down a DECADES-old ruling, which restricted corporations from spending money on political campaigns.
So much for there not being 'activist republican judges' on the bench! This sucks for americans, and really, is just more proof of how corrupt the republican party is: we know the overwhelming majority of large corporations favor the Republican platform of tax sheltering, steering lobbies, and putting profits ahead of working americans. It's difficult to argue, w/ unfathomable precedences liek this, that we are not "a government for the corporations, of the corporations, and by the corporations."
the Ugly: The WH, Senate Dems and many other Americans were hoping to have the Senate healthcare reform bill passed by the House of Representatives within days or weeks, and get it to Obama's desk before the end of February. There were to be guarantees by President Obama, that the government would work on partnering w/ the house, immediately after signing bill into law, to satisfy some of their demands, and changes they wanted to make to the Seante's version. Why the rush? because the new GOP Senator from MA, Scott Brown, was going to vote against it, in effect killing it, due to Senate not having enough votes, by the time the House amended the Senate's version (this was a huge blunder by the Obama administration, to not put "high - priority" status on this MA senate seat, both to find a better candidate, and ensure a dem victory. No way in a thousand years does Hillary Clinton make this mistake). Pelosi announced today, ""In its present form without any changes I don't think it's possible to pass the Senate bill in the House," the speaker said. "I don't see the votes for it at this time. The members have been very clear." Moving forward, it's anyone's guess as to WHAT will happen next.
Guess what? The Senate's HCR bill sucked. I'm a Dem and deemed it week, and didn't want it to pass. Most progressives, many liberals, and hardcore Dems feel the same way. I consider this a win. Let them go back to the drawing board, and re-craft a REAL healtchare/insurance reform bill, that has a public option, no mandate, and (gasp!), perhaps even a single-payer plan! It will be better for ALL americans in the long-run!
So...what's the 'ugly' part? Do I really need to tell you? Let me (not) count the ways. In a nutshell, Republicans will use this to drub the democratic party into submission, for failing on their #1 goal, and they will win back many seats in the House and Congress this year, and almost lassuredly, the Presidency in 2012, along with more congressional seats.
This was ANOTHER mistake Obama and his team made, boren out of inexperience, to hang his entire presidency on passing HCR. NEVER, would Hillary Clinton make that same mistake. Obama, simply couldn't imagine the size and scope the battle would be, against the greed-frenzy corporations and their gigantic lobbies-monster.
...is it time to pick up the kids from school yet?!
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