Monday, November 17, 2014

Gary Shilling criticizes big government and Obama


His [President Barrack Obama] got two years to go. You would think he would want to go out having accomplished something and being willing to work with congress. That's what Clinton did. But his an ideologue, he apparently prefers confrontation. 

But one thing important to realize is, if you look at the Constitution, Congress passes the law, and the President enforces them, that's the way. Its come a long way from there and the Federal Government has gotten so big that the President has immense power of his own quite apart from the Congress.

So what you have is a huge bureaucracy, and a huge administration all the agencies and Departments and so on. And the President ,just by being President has huge powers even if can have firm opposition in Congress. I think it tells you about the size and scope of the federal government.


VIA Bloomberg