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	<title>Cato @ Liberty &#187; house oversight committee</title>
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		<title>Wishful Thinking about ObamaCare Investigations</title>
		<link>http://www.cato-at-liberty.org/wishful-thinking-about-obamacare-investigations/</link>
		<comments>http://www.cato-at-liberty.org/wishful-thinking-about-obamacare-investigations/#comments</comments>
		<pubDate>Thu, 04 Nov 2010 16:55:13 +0000</pubDate>
		<dc:creator>Michael F. Cannon</dc:creator>
				<category><![CDATA[Cato Publications]]></category>
		<category><![CDATA[Government and Politics]]></category>
		<category><![CDATA[Health Care]]></category>
		<category><![CDATA[congressional oversight]]></category>
		<category><![CDATA[david durenberger]]></category>
		<category><![CDATA[health care reform]]></category>
		<category><![CDATA[house oversight committee]]></category>
		<category><![CDATA[martin corry]]></category>
		<category><![CDATA[NPR]]></category>
		<category><![CDATA[Obamacare]]></category>
		<category><![CDATA[regulatory oversight]]></category>

		<guid isPermaLink="false">http://www.cato-at-liberty.org/?p=23224</guid>
		<description><![CDATA[<p>By Michael F. Cannon</p>NPR found two Republicans who caution House Republicans that their efforts to investigate ObamaCare could &#8220;backfire.&#8221; But all those hearings could also have the opposite effect — giving the administration a chance to make its case in favor of the law, a case that often got drowned out during the election campaign. &#8220;The next round [...]<p><a href="http://www.cato-at-liberty.org/wishful-thinking-about-obamacare-investigations/">Wishful Thinking about ObamaCare Investigations</a> is a post from <a href="http://www.cato-at-liberty.org">Cato @ Liberty - Cato Institute Blog</a></p>
]]></description>
			<content:encoded><![CDATA[<p>By Michael F. Cannon</p><p>NPR <a href="http://www.npr.org/templates/story/story.php?storyId=131045119">found</a> two Republicans who caution House Republicans that their efforts to investigate <a href="www.cato.org/pubs/wtpapers/BadMedicineWP.pdf">ObamaCare</a> could &#8220;backfire.&#8221;</p>
<blockquote><p>But all those hearings could also have the opposite effect — giving the administration a chance to make its case in favor of the law, a case that often got drowned out during the election campaign.</p>
<p>&#8220;The next round of this, while there will continue to be the broad sloganeering on both sides, will presumably get a little bit more into the detail,&#8221; says Martin Corry, a health care lobbyist and former official at the Department of Health and Human Services during the Bush administration. &#8220;So if you&#8217;re a family with a 22-year-old still in college, you may not want to see that provision [that lets grown children stay on their parents' health plans] repealed.&#8221;</p>
<p>&#8230; Former Republican Sen. Dave Durenberger of Minnesota says he thinks the Democratic-led Senate could try to dampen the House repeal efforts by holding a series of hearings of its own.</p></blockquote>
<p>Let me see if I understand.  If House Republicans hold hearings, it will be a boon to ObamaCare.   Even though House and Senate Democrats stoutly refused to hold such hearings.  If House Republicans hold hearings, sloganeering will give way to detail.  And if House Republicans hold hearings, ObamaCare supporters will finally be able to get their message out — something they were unable to do while they controlled both chambers of Congress and the executive branch.</p>
<p><a href="http://www.cato-at-liberty.org/wishful-thinking-about-obamacare-investigations/">Wishful Thinking about ObamaCare Investigations</a> is a post from <a href="http://www.cato-at-liberty.org">Cato @ Liberty - Cato Institute Blog</a></p>
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		<title>Beginning of the End for Bernanke</title>
		<link>http://www.cato-at-liberty.org/beginning-of-the-end-for-bernanke/</link>
		<comments>http://www.cato-at-liberty.org/beginning-of-the-end-for-bernanke/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 17:38:24 +0000</pubDate>
		<dc:creator>Mark A. Calabria</dc:creator>
				<category><![CDATA[Finance, Banking & Monetary Policy]]></category>
		<category><![CDATA[bailouts]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[fed chairman]]></category>
		<category><![CDATA[fed chairman bernanke]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[house oversight committee]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[senate banking committee]]></category>
		<category><![CDATA[senate democrats]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://www.cato-at-liberty.org/?p=7903</guid>
		<description><![CDATA[<p>By Mark A. Calabria</p>Fed Chairman Bernanke’s term as Chair ends in January 2010. So far President Obama has offered Bernanke praise for his performance, but little else. After last week’s House Oversight Committee hearing focusing on Bernanke’s role in Bank of America’s purchase of Merrill Lynch, it is now readily apparent that the Chairman has few supporters on [...]<p><a href="http://www.cato-at-liberty.org/beginning-of-the-end-for-bernanke/">Beginning of the End for Bernanke</a> is a post from <a href="http://www.cato-at-liberty.org">Cato @ Liberty - Cato Institute Blog</a></p>
]]></description>
			<content:encoded><![CDATA[<p>By Mark A. Calabria</p><p>Fed Chairman Bernanke’s term as Chair ends in January 2010. So far President Obama has offered Bernanke praise for his performance, but little else. After last week’s House Oversight Committee hearing focusing on Bernanke’s role in Bank of America’s purchase of Merrill Lynch, it is now readily apparent that the Chairman has few supporters on Capitol Hill. While his nomination will not be subject to the approval of the House of Representatives, or any of its Committees, the Senate Banking Committee’s reaction to Treasury Secretary Geithner’s plan to extend the Fed’s power serves as a useful proxy in gauging that Committee’s view of the Fed’s recent performance.</p>
<p>Several recent polls show President Obama to be broadly popular with the American public, while the public holds some concern over the scope and cost of his policies. His policy that garners the least support has been his bailout and support for the auto industry. It is no secret that the American public was not enthusiastic about the bailouts at the time, and is even less so now. With Hank Paulson having left the stage, Bernanke is now the public face of corporate bailouts. While having Bernanke around may offer President Obama a convenient target for the public’s anger over bailouts, re-appointing Bernanke would finally force Obama’s hand &#8212; so far he’s managed to support the bailouts with little fallout, as Bush and others have taken the blame. Re-appointing Bernanke makes him Obama’s pick.</p>
<p>In addition to political risk to President Obama, one can assume that many Senate Democrats are not looking forward to having to vote for the man who bailed out AIG. It is a fair bet that many Republican Senators would not vote for Bernanke’s re-appointment, leaving it up to the Democrats to secure his re-appointment.</p>
<p>Whatever the merits, or flaws, in his performance as Federal Reserve Chair, support for Bernanke’s re-appointment is becoming a proxy for one’s support, or opposition, to corporate bailouts.</p>
<p><a href="http://www.cato-at-liberty.org/beginning-of-the-end-for-bernanke/">Beginning of the End for Bernanke</a> is a post from <a href="http://www.cato-at-liberty.org">Cato @ Liberty - Cato Institute Blog</a></p>
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