In today’s Politico Arena, the editors ask:
Is Obama "dithering" on Afghanistan (Cheney) or fulfilling his "solemn responsibility" (Gibbs)?
President Obama got some adult criticism this week from Dick Cheney, none too soon. While the risk to American troops in Afghanistan grows, Obama dithers, unable to decide whether to get in or get out — whether to be the one thing the Constitution authorizes him to be, Commander in Chief. Yet he finds time to fly off to Copenhagen to promote Chicago for the Olympics, to insinuate himself in local political campaigns, to go on "Fox hunts," yesterday excluding Fox News from the White House pool allowed to interview his executive pay czar, and now, we learn, to slash executive salaries at companies not only partially owned but simply regulated by the government. Are there no limits to the man's hubris?
Even the Washington Post this morning, no bastion of free-market fervor, noted that this "represents a signal moment in the history of the American economic experiment," moving us ever closer to the European model. But it was Arena contributor Allan Meltzer who yesterday hit the nail on the head: "All the noise about pay and pay cuts is part of an effort to divert the public's attention from the main cause of the mortgage fiasco — the role that Congressman Frank and others had in creating the mortgage crisis by refusing to limit the activities of Fannie Mae and Freddy Mac after 2003." That these regulators will be able to calculate the salary that is appropriate to discourage excessive risk-taking is simply comical.
And so we have here a textbook example of modern government: Obama fails to do or do well what he is authorized to do, yet he strides into matter far beyond his authority — or competence. He seems not to understand the Constitution he once taught, and more recently promised to uphold.