2013 - In Review

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In 2013, big issues came at us from all sides




McClatchy Washington Bureau
By Rob Hotakainen
December 27, 2013


WASHINGTON — The world got a new pope. Gay marriage prevailed. The Arab Spring faded. Guns and terrorism brought more heartache.

It all happened in 2013, a year that featured big headlines and big issues that hit President Barack Obama from all sides.

At home, the president’s popularity fell to record lows, thanks to a failed launch of his health care plan and public disgust with the shutdown of the federal government.

Internationally, Obama didn’t fare much better: He vacillated on how to react to brutality in Syria and angered foreign leaders by eavesdropping on them.


Here’s a rundown of some key events from the year:



White smoke for Pope Francis

On Feb. 11, Pope Benedict XVI, then 85, told the Roman Catholic Church he was leaving because “my strengths, due to an advanced age, are no longer suited to an adequate exercise of the Petrine ministry.” Later, he said the decision was the result of a “mystical experience” and that God had shown him the way.

It marked the first time a pope had stepped down from his post since Gregory XII in 1415.

Benedict’s historic announcement was quickly followed by another: the ascension of the first pope from Latin America, and the first to be known as Pope Francis. Many welcomed the 76-year-old former Cardinal Jorge Bergoglio as a breath of fresh air.

His style _ an aversion to opulence, a devotion to the poor and a less authoritative approach _ already has established him as a media darling, and led to suggestions that in less than a year he’d changed the face of the world’s largest Christian church.


Failed rollout for Obamacare

Health care exploded with the tortured rollout of the HealthCare.gov website. By the time the federal health insurance marketplace portal was working, public support for the Affordable Care Act had plummeted, along with Obama’s credibility.

The president’s repeated claims that “people who liked their current health coverage will be able to keep it” quickly became his “no new taxes” moment. Millions of policy cancellations later, he was forced to eat his words and offer a so-called “fix” to folks whose insurance was terminated because it didn’t meet the health law’s tough new standards.

In 2014, the Affordable Care Act will cast a large political shadow. Squeamish Democrats are fearful that the law will weigh against them in the midterm elections. Republicans are pouring millions of dollars into making sure that happens.

Many challenges remain, including getting young people to sign up for coverage, keeping premium costs down and the possibility of doctor shortages.


Chemical weapons in Syria

In the early hours of Aug. 21, a number of rockets with sarin gas warheads fell on the Damascus suburbs.

The immediate result was that hundreds of Syrians died in the first confirmed chemical-weapons attack of the civil war, which began in 2011. The longer-term result was that the attack got the United States and Russia to meet in Geneva and agree on exactly how completely and swiftly the Syrian government would have to get rid of its chemical weapons.

The Organization for the Prohibition of Chemical Weapons had inspectors back in Syria by October and by November had destroyed much of the nation’s ability to use chemical weapons. Syria’s entire chemical arsenal is slated for destruction by June 30, 2014.

But the agreement did little to stop, or even slow, a bloody civil war fought primarily with conventional weapons, and which has now claimed more than 100,000 lives.


A 16-day partial shutdown for the U.S. government

Fiscal cliffs, shutdown showdowns and debt ceiling debates produced ominous countdown clocks on cable news networks but yielded very few lasting results.

In the end, the battles over budgets and deficit reduction consumed the political oxygen and kept lawmakers from dealing with key issues. They left town in December without passing a farm bill, revamping immigration and gun control laws or offering any long-term solutions on tax and entitlement issues.

The White House and Congress ushered in 2013 the same way they ended 2012: bickering over money. Last-minute deals became the modus operandi.

But that approach caught up with lawmakers in October, when an impasse over funding resulted in a 16-day partial shutdown of government agencies and services.


Leaks from Snowden

From the moment former National Security Agency contractor Edward Snowden first leaked details of how broadly and frequently the United States spies on the citizens of its allies, there was angry talk.

Brazil, Bolivia, Mexico, France, Italy and, of course, Germany and many other nations were enraged. A state visit by Brazilian President Dilma Rousseff was canceled after revelations that the NSA had been snooping through her texts and emails.

But the anger cranked up several notches when it was discovered that the “Chancellor’s Handy,” the cellphone used by German Chancellor Angela Merkel, had been tapped since 2002, years before she ascended to the top spot in German politics. Germans were flabbergasted. The insult was intensely personal: Merkel’s cellphone has been seen as an extension of her personality since she arrived in office in November 2005.

Snowden – who sought and received temporary asylum in Russia – now is viewed as a hero by 6 out of 10 Germans.


Bombs in Boston

Three people died, more than a dozen lost limbs and hundreds were wounded when two bombs fashioned out of pressure cookers went off April 15 near the finish line of the venerable Boston Marathon.

The explosions sparked a massive manhunt and, after the release of photographs and surveillance video of two suspects, a citywide shutdown.

The two suspected bombers, later identified as Tamerlan Tsarnaev and his younger brother, Dzhokhar, allegedly killed a police officer and carjacked an SUV before engaging in a burst of gunfire with police in Watertown, just outside Boston.

Tamerlan was hit by a car driven by his brother and died during the shootout; Dzhokhar was captured hours later, hiding in a boat behind a home.

Dzhokhar faces murder and weapons of mass destruction charges. U.S. Attorney Eric Holder has until Jan. 31 to decide whether to seek the death penalty.

The bombings prompted a show of unity that became known as “Boston Strong.” The One Fund, established by Boston Mayor Tom Menino and Massachusetts Gov. Deval Patrick, raised more than $60 million for the victims and their families.


Big surprise in Iran

Iran delivered a big surprise in June with the landslide victory of moderate Islamic cleric Hassan Rouhani as president, and the surprises keep on coming.

Gone is the firebrand rhetoric of Mahmoud Ahmadinejad, who, as Rouhani put it in his final rally, “turned every opportunity into a threat.” In place of his predecessor’s “extremism,” Rouhani and his foreign minister, Javad Zarif, stride the world stage as statesmen, offering big cutbacks in Iran’s nuclear-fuel enrichment program if the U.S. and other major powers dial back the economic sanctions that have impoverished the country and helped foment widespread discontent.

The interim deal announced in Geneva in November was a breakthrough, but transforming it into a comprehensive accord in just six months may prove an enormous task.

If a deal can be struck, and Iran’s tension with Saudi Arabia and Israel can be reduced, there’s the possibility for eventual cooperation between Washington and Tehran on other hotspots, such as Syria and Afghanistan.


Banner year for gay rights

In his inauguration speech last January, Obama referenced the 1969 riot at New York’s Stonewall Inn, the event that most consider the beginning of the gay rights movement.

More than four decades later, the push for equal rights for lesbian, gay, bisexual and transgender Americans achieved more victories than ever in 2013. Hundreds cheered outside the U.S. Supreme Court in July when the justices overturned a federal prohibition on gay marriage and restored the right of same-sex couples to marry in California.

Gay marriage became legal in six other states, either through legislatures or the courts, bringing the total to 16, plus the District of Columbia. Several states initially resisted extending same-sex spousal benefits to their National Guard members, but all eventually fell in line.

Meanwhile, the Boy Scouts of America lifted its long-standing prohibition on gay members, though the ban still applies to adult leaders.

In November, on a bipartisan vote of 64-32, the Senate approved the Employment Non-Discrimination Act, a long-stalled bill banning job discrimination against lesbian, gay, bisexual and transgender Americans.


Meltdown of the Arab Spring

Mohammed Morsi’s victory in Eygpt’s first democratic presidential election started out as the promise of a revolution dream fulfilled.

But by Jan. 25, 2013, the two-year anniversary of the uprising that led to the fall of former President Hosni Mubarak, Morsi’s six-month tenure was already in trouble. Many saw Morsi, a former leading member of the secretive Muslim Brotherhood, as a divisive leader.

The streets were festering with anger, and public calls began for a national protest of his presidency on June 30, the one-year anniversary of his inauguration. The day would be called Egypt’s second revolution, as millions took to the streets to oppose Morsi. Four days later, Egypt’s last revered force, its military, stepped in. Flanked by top political and religious leaders, Minister of Defense Gen. Abdel-Fattah el-Sissi announced that Morsi was no longer the president, replaced by a military-named civilian government.

The election results had been usurped by a popular uprising, and Egypt hasn’t been the same since.

Morsi supporters staged sit-ins that were violently shut down Aug. 14 when security forces raided them, killing at least 1,100 people.

By the end of the year, even as the government promised parliamentary elections, a constitutional referendum and presidential elections, many feared that the old state had returned. The year ended with a looming question: Did 2013 mark the end of the Arab Spring?


Momentum for marijuana

A month after being re-elected, Obama said he had “bigger fish to fry” than to worry about pot smokers in Washington and Colorado, two states that had just voted to legalize marijuana.

It helped set the stage for a big year for marijuana. And many pot enthusiasts say there’s now so much momentum behind the drive to legalize the drug that it will be impossible to turn back the clock.

In December, Uruguay became the first nation to legalize marijuana.

In August, the Justice Department said it wouldn’t block Colorado and Washington state from selling pot for recreational use, beginning in 2014. Colorado will go first, opening more than 100 pot stores in January. More states appear ready to follow the lead with recreational marijuana. Twenty states already allow pot use for medical reasons.

Perhaps the biggest news came when two public opinion polls showed that, for the first time in history, a majority of Americans support legalization.


More troubles in Afghanistan

This was supposed to be the year the U.S. brokered peace talks between the government of Afghan President Hamid Karzai and the Taliban. The process, however, never got off the ground.

Banned from displaying their flag and sign, the insurgents closed what was supposed to be the political office in Qatar in which the contacts were to take place, and stepped up their war to topple Karzai.

Tensions also spiraled between Karzai and the Obama administration as the United States and its allies continued a withdrawal of combat forces that’s due to be completed at the end of 2014. Having finalized a bilateral security accord that governs the deployment of U.S. military trainers and special forces after 2014, Karzai refused to sign the pact.

He said he wouldn’t sign until U.S. troops halted raids on Afghan homes and Washington revived the effort to initiate peace talks with the Taliban, something he himself had tried and failed at.

Some experts saw Karzai’s posturing as a bid to repair his deeply unpopular image at home while leveraging as much as he can from the United States – which fears a return of al Qaida and other terrorist groups – before his term in office ends in April.


U.S. moves toward energy dominance

The year saw an acceleration of America’s energy revolution, as the U.S. started producing more oil than it imports for the first time since 1995 and moved toward becoming the world’s energy king.

The International Energy Agency advanced its projected timeline for the U.S. to overtake Saudi Arabia as the top oil producer on the globe, saying the milestone is likely to happen within the next two years.

America’s production surge is a result of advances in horizontal drilling and fracking, or hydraulic fracturing, the process of pumping high-pressure water and chemicals deep underground to release oil and gas trapped in shale rock. Environmental groups argue that it poses a threat to air and water.

Cheap natural gas continued to push coal out of the U.S. marketplace. Coal took another hit in September, when the Obama administration set limits for the first time on how much greenhouse gas pollution can come from power plants yet to be built.


No end for international terrorism

The Obama administration began the year by declaring that al Qaida had been weakened. But events in Libya, Mali and Kenya suggested that terrorism and Islamic militancy remained very much alive.

In Libya, where U.S. and other NATO forces had helped bring about the end of former leader Moammar Gadhafi just two years ago, disorder prevailed. Militias that once fought Gadhafi’s forces sought to create an Islamic state and usurp Libya’s democratically elected government. Ansar al Shariah, an extremist group whose members are suspected in the 2012 attack in Benghazi that killed U.S. Ambassador to Libya Chris Stevens and three other Americans, expanded its grip on eastern Libya.

In northern Mali, where government forces had lost control, a coalition of French and African forces intervened, wresting control from militants. But a truce with Tuareg separatists in the north remains fragile as peace talks collapsed in September.

In Kenya, militants carried out an attack Sept. 21 on the Westgate shopping mall in Nairobi, killing 72 people and wounding 200. Al Shabab, an Islamic militant group, claimed responsibility.


Mixed bag for the tea party

The tea party movement stayed in the spotlight, but that wasn’t always to its benefit.

The grass-roots conservative effort got much of the public’s blame for Washington’s budget inertia, and it ended the year with only 22 percent of people surveyed saying they were supporters, according to a December Gallup poll.

The tea party was seen as the main culprit behind congressional Republicans’ reluctance through much of the year to negotiate on budget issues, a stance that led to the government shutdown.

But the movement also showed some muscle, spawning new stars who could dominate news coverage of such issues. Sen. Ted Cruz of Texas, who took office last January, was being seriously mentioned as a 2016 Republican presidential candidate. So were Sens. Marco Rubio of Florida and Rand Paul of Kentucky.


More killing but no movement on gun control

On the morning of Sept. 16, 34-year-old Aaron Alexis entered Building 197 of the Washington Navy Yard, shooting and killing a dozen people in a matter of minutes.

The second-deadliest mass murder on a U.S. military base failed to prompt new restrictions on guns in America.

It was the same after Newtown. After Virginia Tech. After Tucson.

After Newtown, Obama proposed the nation’s most aggressive gun-control plan in generations. But the Senate fell short of having the votes needed to approve the proposals – expanding background checks, renewing a ban on assault weapons and limiting the size of ammunition clips – after most Republicans and a handful of Democrats rejected them.

Advocates say they were disappointed, but they remain invigorated by the first serious gun-control debate in two decades.


Resistance to school standards

In education, conservative critics ramped up opposition to the Common Core State Standards, arguing that they symbolize federal control of education, though the states developed the standards and adopted them voluntarily beginning in 2010. Forty-five states and the District of Columbia adopted the English and math standards.

The Common Core is an outline for what students should know and be able to do. The standards aim to match what children learn in other countries that are admired for their smarts. Decisions about what curriculum and books to use are left up to schools and teachers.

Two groups of states have been developing new tests that should start in 2014-15. But American Federation of Teachers President Randi Weingarten, a Common Core supporter, said there should be a moratorium on using the tests in high-stakes evaluations of teachers and students.

Some parents worry about their kids getting lower marks on harder tests.

Common Core supporter Arne Duncan, the education secretary, took heat when he said at an education meeting that some of the pushback was from “white suburban moms” who were worried that “their child isn’t as brilliant as they thought.”


Guilty verdict for Manning in WikiLeaks case

In a military venue, a two-month trial ended with Army Pfc. Bradley Manning being found guilty of 20 violations relating to the theft and distribution of some 700,000 digital government documents. Manning had provided the materials to WikiLeaks, which publishes material from U.S. foreign corporations and governments.

In November, The Washington Post reported that the Justice Department is unlikely to bring charges against WikiLeaks founder Julian Assange because government lawyers say they couldn’t do so without also trying to prosecute U.S. news organizations and journalists.




Read more here: http://www.mcclatchydc.com/2013/12/27/212842/in-2013-big-issues-came-at-us.html#storylink=cpy


 
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Obama’s Not-So-Terrible Year



<img src="http://consortiumnews.com/wp-content/uploads/2012/01/scan00012.jpg" width="150">
by Robert Parry | December 26, 2013 | http://consortiumnews.com/2013/12/26/obamas-not-so-terrible-year/

It has become conventional wisdom to say that President Barack Obama has suffered through a terrible year in 2013 – and if his slumping poll numbers are the only gauge, then these pundits may have a point. But much of this analysis simply marches in lockstep with the neocon view of Obama’s supposed foreign policy “failures,” which may not be failures at all.

Indeed, there’s a strong argument to be made that Obama’s fifth year in office will be viewed as a historic turning point in U.S. relations with the Middle East, albeit one the neocons and much of Official Washington detest, thus explaining the hostility in their year-end critiques.

For instance, if the neocons and the many tough guys/gals inside the Beltway had their way in 2013, the U.S. military would have pummeled Syria in retaliation for its alleged (though still unproven) role in the Aug. 21 Sarin gas incident outside Damascus. We now know that the neocons’ desired bombing campaign would have been coordinated with a ground offensive by the Saudi-Israeli-favored, Sunni-dominated jihadist rebels, possibly leading to “regime change” in Syria.

The U.S. assault also would likely have destroyed hopes of a nuclear agreement with Iran, thus raising the likelihood that Obama would have been goaded into a military attack on Iran’s nuclear facilities. At each step of these escalations, the neocons would be egging Obama on, calling him “weak” and “indecisive” if he failed to ratchet up the pressure and violence.

Amid this mounting chaos, the neocons would have demonstrated that even when they are not sitting in the Oval Office, they could still direct U.S. foreign policy through their continued dominance of the op-ed pages of major newspapers, like the Washington Post, and via their strategic positioning at leading Washington think tanks.

Across Official Washington, there was a palpable sense of disappointment and even anger last summer when Obama abruptly halted the rush toward war with Syria, first seeking congressional support for a military strike and then accepting the help of Russian President Vladimir Putin in negotiating a graceful exit from the crisis by getting the Syrian government to surrender all its chemical weapons (though still denying a role in the Aug. 21 attack).

That was followed by Obama completing a historic deal with Iran, trading some sanctions relief for additional safeguards to ensure that Iran’s nuclear program did not lead to a bomb. That tentative agreement disrupted what had been years of a carefully crafted neocon propaganda campaign to push the two sides into a military confrontation, as favored by Israeli Prime Minister Benjamin Netanyahu.

Obama’s diplomatic offensive also has included pressing for meaningful Syrian peace talks in Geneva and pushing Iran to adopt a more constructive role in the region. All of this has infuriated the Saudi-Israeli alliance which favored escalating confrontations with the Syrian and Iranian governments. Back in the U.S., the neocons have never given up their dream of engineering multiple “regime changes.”

The mainstream U.S. news media has mostly chalked up Obama’s diplomacy with Syria and Iran as evidence of his “failures” – part of the meme about his disastrous year – but these moves could be seen as important achievements, indeed historic successes. Finally locating the keys to unlock the rigid hostility between Washington and Tehran is a diplomatic victory arguably on par with Richard Nixon’s opening to China four decades ago.

If the neocons and the tough guys/gals don’t disrupt this progress, history could look back on 2013 as a moment when a U.S. president finally stood up to well-entrenched interests favoring evermore warfare in the Middle East and found a new route around those endless battlefields.

What About Obamacare?

History also might clarify how Americans rate other developments in Obama’s fifth year. The implementation of health-care reform, as rocky as it was, could mark another turning point – in how the U.S. government addresses the needs of the people.

Republicans hope that their one-note campaign to repeal the Affordable Care Act will carry them to major election victories in 2014, and they may be right. But they also could confront voter skepticism over whether the GOP has any plan for improving the expensive, wasteful and indeed scandalous way that the U.S. health-care system has worked for generations.

The myriad problems confronting “Obamacare” also could have the effect of leading the nation toward more liberal reforms, such as a public option or a single-payer system as more efficient and more humane ways of structuring healthcare. Under the new law, states can experiment with single-payer approaches, as Vermont is doing, possibly setting a trend for the nation.

In 2013, Obama also forced the Republicans to back down on their strategy of taking the U.S. economy hostage – through government shutdowns and with threats to default on the nation’s debt – and demanding major political concessions or else.

The failure of those GOP extortion tactics in October and the Senate’s rule change in November to limit Republican filibusters of presidential nominees were serious setbacks for the Right’s insistence that – despite losing the 2012 elections – it should be allowed to control U.S. government policies.

Developments outside Obama’s control also might work eventually to his advantage. Clearly, during his first term, he was outgunned by the national security apparatus when it came to reining in key aspects of President George W. Bush’s “war on terror.”

Fearing the political consequences from another terrorist attack – especially if he had constrained the national security state – Obama let much of the apparatus roll on and even grow. After a flurry of openness and reform at the start of his presidency in 2009, such as declassifying torture memos and seeking to close the Guantanamo Bay prison, Obama retreated under withering political fire.

Now, thanks to National Security Agency leaker Edward Snowden, the political landscape has shifted against the “surveillance state.” Obama himself has suffered serious defections from his political “base” as a result of the disclosures, contributing to his dismal approval ratings.

The altered terrain gives Obama the opportunity, if he chooses to take it, to finally address these residual problems that he inherited from the Bush-43 administration. There seems to be less opposition in Congress now to phasing out Guantanamo and more support for reforming the NSA’s spying.

Whether Obama takes advantage of this opening – created by Snowden and other brave whistleblowers – will be a test of whether his critics on the Left are correct, that Obama’s campaign talk of “change we can believe in” was just empty rhetoric, or whether Obama has felt intimidated by the extraordinary powers of the national security state, as some like ex-CIA analyst Ray McGovern have suggested.

The more obvious truth is that the U.S. news media is often wrong in its superficial snapshot judgments of how history will view some year or some event. The real test of whether President Obama had a disastrous year in 2013 will be measured by what happens in 2014 and beyond.





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The mainstream U.S. news media has mostly chalked up Obama’s diplomacy with Syria and Iran as evidence of his “failures” – part of the meme about his disastrous year – but these moves could be seen as important achievements, indeed historic successes. Finally locating the keys to unlock the rigid hostility between Washington and Tehran is a diplomatic victory arguably on par with Richard Nixon’s opening to China four decades ago.

If the neocons and the tough guys/gals don’t disrupt this progress, history could look back on 2013 as a moment when a U.S. president finally stood up to well-entrenched interests favoring evermore warfare in the Middle East and found a new route around those endless battlefields.



Well, they've already proven that they would rather wreck the economy than allow the Black guy succeed; why would they stop now ???




 
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2013 Was a Bad Year for Wall St. Lobbyists.
Everyone assumed the banks would beat financial reform.
They didn't.



2013 was a not-awful year for financial reform. If you aren’t terrified of jinxing even the smallest good news, you might even say it was pretty good. The multi-year implementation of 2010’s Dodd-Frank bill made several final advancements this year, and compared to where people thought we’d be a year ago, we are in a pretty solid place.

Last year, nobody thought that banks would face tougher holding requirements for capital, that regulations of the financial derivatives markets would advance, or that the final Volcker would be a pretty good start instead of an incoherent mess. Yet that is what appears to have happened in 2013. So what caused it? And how it might apply to future political goals?

The successes of 2013 were partially driven by the failures of Wall Street in 2012. The multi-billion dollar trading losses from JPMorgan Chase known as the “London Whale” changed the dynamics for financial reform in a way that took a year to realize. JPMorgan had been leading the charge against reform, arguing that the effort was over-harsh and destructive, and that Wall Street had already cleaned up its act on its own. Indeed, the big concern in 2012 was that Wall Street would convince enough moderate Democrats that Dodd-Frank had gone too far in certain respects, and that Congress would stop regulatory action before it was even completed. This fell apart right alongside the multi-billion dollar losses in JPMorgan’s position. Though various bills to remove parts of Dodd-Frank would pass the House by Republican votes, these efforts failed to generate moderate Democratic votes in the Senate after the Whale trade became public.

JPMorgan’s London Whale trades also drew clear lines on whether reform would work. In 2012, one of the major battles had been over how aggressively to make foreign affiliates of U.S. banks follow U.S. rules. The London Whale helped the chairman of the Commodity Futures Trading Commission, Gary Gensler, push for aggressive implementation over European criticism; he argued that the London Whale was a continuation of the supposedly bygone practices that led to the financial crisis. JPMorgan’s failure also gave new energy to, and a clear target for, the stalled Volcker Rule, which was designed to split hedge funds from banks.

Financial reform benefitted as well from engaged activism that proposed tougher reforms, which pressured regulators to hit the mark and kept the financial industry on the defensive. This is clearest in the case of capital requirements, which require banks to hold a set percentage of their assets and which the finance industry fights consistently. To many people’s surprise, the U.S. ended up with tougher capital requirements than people anticipated, with more to come next year. Ideally we’d see double-digit capital requirements with extra requirements for larger firms that fund themselves with panic-prone funding. Regulators didn’t get there on the first try, but still came in stronger than originally proposed. And they are making stronger steps on the second part.

One of the major reasons for this was an intellectual movement that argued high capital requirements would both be an excellent way to stabilize the financial system at a minimal cost to society. Professor Anat Admati of Stanford formalized this argument in her book with Martin Hellwig,The Bankers New Clothes. Admati also responded in detail to her critics.

These arguments led Senators Sherrod Brown and David Vitter to release a plan earlier this year significantly increasing capital requirements. Though it did not receive many cosponsors, it signaled to regulators that legislators were paying attention, and that they’d have to be more aggressive than they otherwise planned.

Senators Elizabeth Warren and John McCain also pushed a new version Glass-Steagall earlier this year. It also didn’t gain much support, but still put some steel in the spines of the Volcker Rule’s authors, as Glass-Steagall was being proposed by many as an alternative reform if the Volcker Rule failed.


The last reason reform worked in 2013 was the result of insider and outsider actors committed to pushing reform on the agenda. Senator Warren used her new position on the Senate Banking Committee to raise the profile of financial reform. She completely restarted the conversation about criminal settlements and trials for Wall Street wrongdoing. It also became clear that the implementation of several rules had been dragged out not because banks were undermining them, but because, in fact, regulators were fighting for tougher rules. The CFTC’s Bart Chilton, for instance, threatened to vote against a weak Volcker Rule, holding out for a stronger rule.

Meanwhile, outside groups kept up the pressure through the democratic rule-writing process. Ever since the mid-2000s, when liberal groups “discovered” the infrastructure of conservative think tanks, there’s been a push to duplicate that on the left. Though small compared to Wall Street and the right, groups like Americans for Financial Reform and Better Markets show up extensively in the comments on the Volcker Rule. In the final rule, there are hundred of references to the detailed comment letter the Occupy the SEC group sent. These groups didn’t exist before the crisis, and their existence is a major piece of what makes solid final rules happen.

This is in no way to sugar coat the problems that still exist. The battle will go to the courts next year—courts that need liberal judges appointed immediately to balance their conservative bent. (Thanks to the end of the filibuster for judicial nominees, this is an achievable goal.) Personnel is key to policy, and everyone needs to be very concerned about the next wave of appointees. And the next Federal Reserve chair Janet Yellen will have a huge influence over how well these rules are actually enforced.

But 2013 does provide one path forward. Clearly identifying what has gone wrong, providing strong, unapologetic reforms, and developing leaders inside and outside of Washington worked this year, and it will work going forward.


Correction: The article originally stated Elizabeth Warren sat on the Senate Finance Committee, when it should have said the Senate Banking Committee. It has been updated.





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