10 January 2010

When Will the White House Wake Up?

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Congress may be gridlocked, but the Obama administration has the power, even without congressional action, to take on the CEO set — and the windfalls that are so enraging average Americans.

Congress may be gridlocked, but the Obama administration has the power, even without congressional action, to take on the CEO set — and the windfalls that are so enraging average Americans.

A year ago, movers and shakers at the upper echelons of the Democratic Party were celebrating the biggest congressional majorities for Democrats in a generation. Last week, in those same upper echelons, gloom and doom were reigning.

The immediate source of the unease: the surprise announcement that Senator Byron Dorgan from North Dakota, a popular Democrat in a heavily Republican state, would be retiring at year end.

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