"Obama to veto bill without controls on derivatives" April 22, 2010
http://www.lasvegassun.com/news/2010/apr/22/obama-to-veto-bill-without-controls-on-derivatives/
Constitutional Connection:
Article 2, The Executive Branch, Section 3
"Every bill...shall, before it becomes a law, be presented to the President of the United States: If he approve he shall sign it, but if not he shall return it, with his objections to that house in which it shall have originated"
Our economy has been through a tough 3 years, but after his election victory America was supposed to turn the tables and once again have our economy stable. During these last couple days and weeks the President of the US has been busy. With his wife off over sees and across boarders, President Obama is some what unfortunate. With tax season just ending, Barack Obama now deals with the countries financial reform. In this article it seems like he isn't focusing on any financial reforms just about yet. Obama says any financial reform bills sent to him will be vetoed.
This article clearly demonstrates Article II, Section 3 of the United States Constitution. President Obama has the power to object, or veto any bills he seems unnecessary and does not approve of. Although Congress has the ability to override this veto, in some way President Obama is right about his decision. This power given to the president is a strong part of the Constitution and also gives an example of checks and balances.
If the President didn't have the power to object bills that Congress passed, then his job would be close to incomplete. In my opinion Obama should take into consideration financial reform ideas no matter the control on the derivatives. The Presidents power to veto is a significant part of the structure of the US government and always will be. I think for now Obama should continue on the progress of the nations economy and soon do all that he can do, that he said he'll do for this country.
Thursday, April 22, 2010
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