In a ceremony at the Reagan Building today, President Obama will sign into law the Wall Street reform legislation he fought for – and won, despite almost unanimous Republican opposition.
That new law contains the toughest new regulations placed on banks and financial institutions since the Great Depression. And it’s hardly Barack Obama’s first major accomplishment.
He pushed through a $787 billion stimulus package, which has already saved or created over 3 million new jobs.
He succeeded where many presidents FDR failed, by delivering basic, quality health care to almost all Americans.
He saved the American auto industry with this short-term auto bail-out. Along the way, he also started bringing troops home from Iraq, sent more troops to Afghanistan, named two new Supreme Court justices – and, don’t forget, marshaled federal forces to deal with the Gulf oil spill, the worst environmental disaster in our history.
And this from a man criticized by both the right and the left for being weak and ineffective.
Let’s bury that crazy notion, once and for all. In his own way, in his own style, in his own time, President Obama has already built one hell of a record.
Barack Obama’s no Jimmy Carter. He’s the most effective president since FDR.
That’s my parting shot for today.