Monday, January 18, 2016

Business on edge as Obama preps 'audacious' executive actions in end-of-term rush

We should ALL be a bit on edge ...

Members of the business community are expressing trepidation for President Obama's final days in office, saying the "audacious" executive actions he's vowed to take are sure to cause a dramatic ripple effect throughout the economy.

"Executive orders are very tough to deal with," said Thomas Donohue, the president and chief executive of the U.S. Chamber of Commerce, the Hill reported. "I believe presidents ought to have executive power, but there are instances or times when it is abused and used basically to get around the Congress – not to deal with emergencies or particular sensitive issues that everyone sort of agrees on."

He vowed his Chamber would be watching the White House closely.

"You can assume that we will be very involved with every tool we have," Donohue said, the Hill reported.

Donohue's comments come on the heels of a comment from White House chief of staff Denis McDonough that the administration is poised to take "audacious" executive actions on a range of matters, all of them aimed at ensuring "the steps we have taken are ones we can lock down and not be subjected to undoing through [Congress] or otherwise," the Hill said.

The White House hasn't specified all the executive actions Obama hopes to take, but some that have been mulled and discussed include the Trans-Pacific Partnership, reforms to criminal justice and address of poverty, cancer, drug use, Guantanamo Bay and ISIS.

"I'm nervous," said Alan Chvotkin, executive vice president and counsel of the Professional Services Council, on any executive order that might come dealing with political spending from government contractors.

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