The Obama Experts vs. the Rule of Law

HERITAGE FOUNDATION/FOUNDRY/MORNING BELL, 10/4/2010 - Last week President Barack Obama’s most recently minted czar, Special Advisor to the President for the Consumer Financial Protection Bureau Elizabeth Warren, spoke to 400 bankers at the swanky Mandarin Oriental Hotel in Washington, DC. Her message, according to The Washington Post: “Behave, play nice, and we’ll get along just fine.” Specifically, Warren promised to take a more “principles-based approach” to regulation, rather than clearly articulating “thou shalt not” rules that banks could rely on. For this Progressive White House, an enlightened expert, like Warren, given broad new powers by an unaccountably vague statute is exactly what the federal government needs to enforce order on our complex modern world. For our Founding Fathers, however, everything about Warren, from the way she attained her new powers to the way she plans to use them, is antithetical to our nation’s First Principles and the United States Constitution. Read more at the Foundry...