It was just a week ago when Harry Reid and other Democrats told Obama to bypass Congress and hike the debt limit himself:
“In the event that Republicans make good on their threat by failing to act, or by moving unilaterally to pass a debt limit extension only as part of an unbalanced or unreasonable legislation, we believe you must be willing to take any lawful steps to ensure that America does not break its promises and trigger a global economic crisis — without congressional approval, if necessary,”
Nevermind the fact that no one in Congress, nor Congress itself, can grant such power. The law states only Congress can raise the debt limit. But Reid would have Obama rule his subjects as a King would.
As we all know with our majesty, he doesn’t take too much prodding to rule like a king.
The Obama administration is attempting to bypass Congress and force publicly-traded companies to reveal their political donations through regulation.
The Securities and Exchange Commission’s Division of Corporate Finance has begun the steps necessary to create a regulation that would in many ways mirror the DISCLOSE Act — a bill Senate Democrats have failed to pass through Congress.
Created in reaction to the 2010 Citizens United Supreme Court ruling that said corporations and unions could not have limits placed on their political expenditures, the Senate bill would require political organizations to publicly name their donors and the amounts they give.
The SEC regulation would do the reverse — force companies to disclose the political groups they support — and have a similar effect.
“The Division [of Corporate Finance] is considering whether to recommend that the Commission issue a proposed rule to require that public companies provide disclosure to shareholders regarding the use of corporate resources for political activities,” reads the proposal, as reported to the president’s Office of Information and Regulatory Affairs.
Reacting to news that the SEC is considering adopting a similar regulation without Congress, a spokesman for Senate Minority Leader Mitch McConnell condemned the action as a “direct assault” on the First Amendment.
And you can bet that when he doesn’t get his way on his assault of the 2nd Amendment he will try to get it done by regulations once more. Here is Senator Rand Paul discussing just that very thing:
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