A group that supports advancing free-market reforms has blasted the Obama administration's decision for imposing its own will over the will of the people.
Last week (October 21), the U.S. Senate rejected President Barack Obama's state government bailout. The $35-billion measure would have provided funds for state and local governments to hire teachers and other school workers as well as to help pay the salaries of police officers, firefighters, and other first responders.
This week, Obama outlined a plan to allow millions of student loan recipients to lower their payments and consolidate their loans. The White House said the president will use his executive authority to provide student loan relief by reducing the maximum repayment on student loans from 15 percent of discretionary income annually to 10 percent. In addition, he will allow borrowers who have a loan from the Federal Family Education Loan Program and a direct loan from the government to consolidate them into one loan.
Bill Wilson, president of Americans for Limited Government, calls Obama's new series of regulatory actions a troubling trend.
"The president now has decided that he can operate through executive order, without Congress," he summarizes. "It's particularly disturbing when you look at the fact that now, for three weeks, his key supporters and backers -- including elected officials -- have been urging him to basically ignore Congress and rule by decree."
Furthermore, Wilson says Obama needs to remember the American people cast an unfavorable judgment on his policies in 2010 by electing a Republican House.
"He needs to adjust his view to the verdict of the American people, deal with the debt, and ... make it easy for people to do the right thing [regarding the housing issue] -- which is to allow the foreclosure process to proceed," he argues.
Wilson concludes by saying that as the president begins his "rule-by-decree tour" around the western United States, it will be important for watchdogs in Congress to ensure that he does not overstep his constitutional authority in a "wild attempt to gain votes."