Skip to comments.Friends of Obama Allowed to Opt Out
Posted on 06/04/2012 6:56:14 AM PDT by Kaslin
Emigrant Bank was recently identified to receive a waiver that would allow the bank to opt out of rigorous Dodd-Frank requirements. These of course are the same new rules and regulations that Barack deems essential to the nation. Yet when the banks owner, Howard Milstein, who is a close friend and was a bundler for President Barack Obamas 2008 campaign, protested that the new rules would seriously crimp operations of his bank, the Obama Administration worked with members of congress to grant him a waiver from the new rules.
Other financial institutions and banks have consistently and vehemently argued that the Dodd-Frank Legislation that Obama championed is seriously flawed and will bring a raft of unintended consequence--but they were not friends of Barack Obama. These many other banks and institutions are not deemed worthy of a waiver.
Sadly, the case of Emigrant Bank is not the only example of the Obama Administrations mercurial application of our nations laws. There is the obvious case, now being decided by the Supreme Court, of Obamacare, in which some (Nebraska´s Cornhuskers Kickback or Louisianas Purchase) are allowed full exemption from the laws requirements. What those who are exempted have in common is that, once again, friends of Obama can expect special exemptions from the rules and laws that others must follow.
There seem to be two sets of rules. The special, privileged class of people and businesses (Friends of Obama -FOO) can expect to be granted unique waivers, carve outs and shameful side deals designed to escape, to dodge, and to be exempted from much of the overreaching, poorly conceived legislation and administrative orders that Obamas White House pushes with utter conviction on the rest of the nation.
On the other hand, if an organization, such as the Catholic Church, that is not a FOO, seeks a principled exemption to an emerging national policy, the organization is ridiculed, dismissed, and ignored.
This disgraceful double standard is becoming a standard practice in the Obama Administration.
Want more examples? Arne Duncan has recently allowed some 10 states to have exemptions from No Child Left Behind. No doubt the Teachers Unions in these states, critical to Obamas reelection, were keen to ditch the pesky requirements for improved accountability. How much easier to call up friend in the White House and demand an exemption from rules and regulations that are not popular with Union members!
Consider too, the case of government-backed loans to Solyndra. Typically, in a government-backed loan, the governments is the first debt that must be settled. But if one is a FOO, the rules are different. In that kind of situation, the debt to the federal government (read American taxpayer) is subrogated to that of a friend of Obamanot only friend, but, one of his largest campaign contributors. Other organizations and companies cannot expect similar sweetheart deals--they are not FOO.
Consider also, the case of the revolving door. The law for the Standards of Ethical Conduct for Employees of the Executive Branch, is very clear. The statute mandates a two year ban on any kind of direct involvement with a previous employer, client or co-worker. Unless, it seems, if one is a FOO. In that case, the rules are different, which seems to have exempted Craig Becker, former counsel for the Service employees International Union (SEIU) who, through an Obama Administration recess appointment, served as a member of the National Labor Relations Board (NLRB) and who moved directly from there to his current position serving as general counsel to the AFL-CIO.
No time off or recusal needed for FOOs.
What does it mean for the country that the Obama Administration spends so much time exempting certain privileged individuals and businesses from the law?
Under Obama, will the United States devolve into a nation where laws are negotiable and will be applied differently for different people, as long as they belong to a special interest group that wants to opt out of the law and that also happens to be a friend of the president?
Our nation could once proudly boast of our national adherence to the Rule of Law. Every American should expect and demand equal treatment under the law, and special friends of the president should not expect or apply a different set of laws for themselves.
But, Barack Obama doesnt seem to understand this basic principle that governs our nation, and , instead, seems to think that laws are flexible and the rules apply to others. (Others means anyone who is not a Friend of Obama-FOO).
Somewhere inside the White House, it is likely that yet another czar is employed to process the many requests for special treatment and waivers from the many new rules and regulations that Barack Obama has inflicted on the rest of the nation.
FOO have learned to expect special exemptions. The unlucky others are not only expected to follow those same rules, but to do so knowing full well that other, more connected FOO are escaping the burdensome new costs, and can avoid the intrusive requirements.
What a deal.
The left and many on the right are so full of hypocrisy. The one thing Americans should be is equal before the law. Somehow with all the waivers and exceptions on the laws that are being passed the very heart of our country is being destroyed.
In my entire life I’ve never seen exemptions to laws issued as they have been during this Administration. Obviously, it is an indication of bad laws like Obamacare and Dodd-Frank! Laws either apply to all or none!!!
Laws either apply to all or none!!!
This is the definition of “crony capitalism”.
.....................Yet when the banks owner, Howard Milstein, who is a close friend and was a bundler for President Barack Obamas 2008 campaign..................
I hate these articles that claim some powerful so-in-so was a close friend of Zer0.
Zer0 was a nobody, a street pimp talking with blacks in Chicago. Nobody knew him until a speech in 2007.
All his “friendships” revolve around cash for him!
I never heard of a “waiver” from the law until this administration.
How exactly do they work? Does Congress enact a separate law pertaining only to the waiver-seeker? Or is the president taking it upon himself to abrogate a law by executive fiat? And how is that legal?
Is it possible there is no process or paper trail? Some company just says, “We want a waiver!” The campaign contributions are tallied up. “Okay, you got it!”
Then they crow to the press that “We’ve got a waiver!” Really? Let’s see this “waiver.” The paperwork. What does a waiver entail? By what right? Etc.
I think everyone just accepts that “Oh, they’ve got a waiver,” and no one forces them to follow the law.
Does anyone know the mechanics of obtaining a “waiver?”
Is this the same Milstein that use to own a percentage of the NY Islanders?
How can the executive branch simply declare that the law applies to some but not others?
All animals are equal. Some are more equal than others.
We are living in an Orwellian nightmare.
Or only some....