The goal of a safer, sounder financial system, one that is less prone to crisis and failure and eliminates or dramatically reduces the need for taxpayer bailouts, is achievable. This is what the American people voted for last November. This is the president's clear mandate.
Netflix. Uber. Airbnb. Tesla. Fisker. Most economies would kill to have a set of innovators such as these. And yet at every turn, these companies are running headlong into regulation (or lack thereof) that seems designed to benefit incumbents.
President Obama’s reelection holds the possibility of great progress for public health, safety, and the environment — if, and only if, he recognizes the importance of these issues and stops trying to placate his most implacable opponents.
In the standard trilogy of core commitments currently being made by Republican presidential candidates, the cutting of taxes and the pruning of government is invariably accompanied by the promise to deregulate business -- and indeed to re-regulate labor.
Perry's jobs program is predictable, but disappointing. After we drill up the oil and pollute the unregulated air, what will our children do to power their economy? Who will pay the extra costs for health care of the people harmed by the poisoned air?
With Summers, Geithner, and Bernanke working closely with major investment bankers to restart the system of securitization, there will be a titanic struggle over what kind of regulatory system to have going forward.