If passage of the financial regulatory overhaul on Thursday proves anything about President Obama, it is this: He knows how to push big bills through a balky Congress. But Mr. Obama’s legislative success poses a paradox: while he may be winning on Capitol Hill, he is losing with voters at a time of economic distress and soon may be forced to scale back his ambitions, The New York Times’s Sheryl Gay Stolberg writes.
The financial regulatory bill is the final piece of a legislative hat trick that also included the stimulus bill and the landmark new health care law. Over the last 18 months, Mr. Obama and the Democratic Congress have made considerable inroads in passing what could be the most ambitious agenda in decades.
For more: Obama Pushes Through Agenda Despite Political Risks - DealBook Blog - NYTimes.com
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