Remember when Democrats in Congress and out used to screech about the dictatorship of the “unitary executive” during the Bush administration? Good times, good times. For the second time this month, Nicholas Ballasly of the Daily Caller finds a Democratic Representative that cheerleads for the idea of a President bypassing Congress, evading limitations on power, and acting unilaterally to impose his agenda:
“If he chooses to act unilaterally,” Moran said, “the likelihood is that there will be language in the appropriations bills that will prohibit him from spending money for that purpose. That’s just the political reality. But notwithstanding that, I think he should do everything he can do on his own to stimulate jobs.”
Obama has already asked his Council on Jobs to identify areas of the American Jobs Act that can be implemented without congressional authorization.
Moran told TheDC that he would “like to see” the Obama administration “refinance every home mortgage at three-and-a-half to four percent” interest, which he said can be accomplished without approval from Congress.
“The banks aren’t doing it, but the federal government can borrow money at three-and-a-half percent today. They should use that money to refinance every home mortgage, and that would put $750 billion into homeowners pockets,” he said. “It would reset the economy, and I think it’s the one thing that would most quickly get this economy back on its feet.”
I’m tempted to ask where Ballasly finds these people, but the question is where voters find them. So now we have Jesse Jackson Jr demanding that Obama just blow off all of those petty Constitutional limitations to hire 15 million people at nearly a trillion dollars a year, and Jim Moran telling Obama to borrow nearly a trillion more just to re-fi every home mortgage in America. Is it any wonder that the Democratic Congress and Democratic President ran up the first trillion-dollar-plus deficits in this nation’s history?
And is a member of Congress really encouraging the executive to make spending decisions without Congressional approval? My, how times have changed.
On the merits, Moran’s proposal is simply absurd. The problem isn’t the interest rate on existing mortgages; it’s that people don’t have any income to make the payments. Obama had $75 billion poured into the HARP program, which has been an abject failure at stemming foreclosures through refinancing. The only thing that will help stem that tide is to start creating real jobs, and that won’t happen as long as Obama insists on pursuing his current economic policies.