Obama win: Dodd-Frank reform and EPA regulation won’t go away
Photo: AP
Obama 2012 is not Obama 2008. Divided U.S. Gives Obama More Time, says the New York Times in an article about his “narrow victory”. Early this morning Obama told the crowds in Chicago that “the best is yet to come,” but we all know that — even with the best of intentions — he faces a bitterly divided government, a Republican majority in the House of Representatives and the toxic influence of corporate money on U.S. politics.
But keeping the Romney-Republican agenda out of the White House is significant. Romney had promised to repeal the Dodd-Frank financial reform that includes the important sections 1502 and 1504 that address the use of conflict minerals and oil and gas transparency, respectively. Sections 1502 and 1504 have already helped advanced similar legislation in Europe. And Romney repeatedly attacked the Environmental Protection Agency (EPA) and pledged to undo coal and fuel-economy regulation.
