
Daniel Griswold
Reacting to the 2008 collapse of Lehman Brothers, which portended a further implosion of banking, The Wall Street Reform and Consumer Protection Act (Dodd-Frank) was enacted in 2010. As this financial catastrophe reaches its third anniversary, a recent bipartisan panel from the American Enterprise Institute characterized the Dodd-Frank Act for what it is: "a failure." This is one forgettable anniversary.
I've seen a lot of presidents come and go. The vast majority of them have made some type of mistake that hurt their popularity as well as their legacy, but there hasn't been as big a mistake as President Obama's mishandling of so-called Obamacare. To his credit, the president has been willing to embrace the comprehensive health plan and allow it to be directly linked to him.
In July, the number of persons employed part time for economic reasons, sometimes referred to as involuntary part-time workers, was essentially unchanged at 8.2 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. Contrast this to 2004 when The Heritage Foundation estimated that only one in five part-timers preferred a full-time job.
SPECIAL REPORT — The Syrian civil war appears to have at least temporarily reached a point of stalemate, with neither rebel forces nor the military and allied militias capable of making a decisive push for territory that could potentially turn the tide for either side. The offensive launched by the fractious rebel camp in late 2012 to dislodge pro-government forces from their remaining strongholds in the north and capture Damascus has stalled.
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