Writing in the FT yesterday Martin Wolf observed:
Commenter IanC agrees with Wolf, as does Porkbelly who writes:It is extraordinary that a popular new president, confronting a once-in-80-years’ economic crisis, has let Congress shape the outcome.
Now there’s something to this. The bill is indeed larded with goodies the Democrats have long-desired. And it may well, as I say, have adverse long-term consequences while also failing to solve short-term problems. But, as faithful commenter NDM also correctly points out, it is not in fact the President’s job to dictate legislation to Congress. And, generally speaking, that’s a good thing. Any hope that Obama might roll-back the Imperial Presidency is probably doomed, but it’s still worth bearing in mind that, domestically at least, the American president has far fewer powers than his French counterpart or, for the matter, the British Prime Minister.Obama could easily have used his electoral mandate to impose his will upon the House Democrats when the bill was crafted; instead he let them cobble together a malodorous mess of every left-liberal pet project and constituency gimme.
One of the greatest faults of the Bush years was that when the White House snapped its fingers congressional Republicans came running and did what they were told (not always, to be sure, but more often than not nonetheless),.

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