Friday, POTUS announced that he’d be ordering the rollback of Dodd-Frank and other regulatory laws. Congress should be deeply pissed, and more than a little scared.
Now look, this isn’t an argument about whether these financial regulations are good or bad. Not at all. The argument is that Congress passed these laws, and Congress should roll them back. We shouldn’t have a single dictatorial person deciding what laws are good laws, or bad laws.
Republicans mostly hate these laws. But Republicans also control both houses of Congress, and obviously in this case have an agreeable President. There’s zero reason they couldn’t rescind these laws themselves.
But they’re scared of doing so. Many were elected in close margins, and these laws are popular with many Democrats, and with many independents. Many of these laws were enacted after the 2008 Econopocalypse, and were very popular with the vocal “Occupy” movement and its supporters. So it’s politically expeditious to just let the President – by all accounts not our most popular Chief Executive in history anyway – do the deed.
The problem is that our system of government essentially lets the Executive Branch do whatever the Legislature lets them get away with, and powers, once seized, and rarely relinquished. This kind of pansy-ass legislating inches us even closer to a world where Congress literally doesn’t matter, and the President simply accomplishes whatever he or she wants by executive fiat. Obama was lambasted – rightly so, to be sure – for executive overreach, and the same people in Congress appear poised to let The Donald do the same thing.
The danger of an ineffective Congress is more than just stuff not happening. It’s that other branches of government will step into the power vacuum and do whatever they want, with little oversight or consequence.
Write your Congresspersons (I’ve written my rep and both Senators already). Tell them you oppose executive rollback of Congressionally passed regulations, but that you’ll happily support Congress taking up the task of legislating any time they’d care to get around to it.