From Reuters:

President Barack Obama unexpectedly asked the Environmental Protection Agency on Friday to withdraw a plan to limit smog pollution, handing a big win to business and Republicans who have argued the initiative was a job killer in uncertain times.

So, basically through this move the president has shown two things:

He’s as wishy-washy [...]

The parable of the high rise:

There once was a high rise. It had crappy apartments on the bottom, respectable living toward the middle, ritzy condos toward the top, and like many, a penthouse on the roof.

A fire started. Some claimed it started at the bottom and some claimed it started at the top. [...]

Just a little venting here as I’m getting tired of this latest “fashion” in politics:

Personally I’d like to “dope slap” anyone who uses the terms “innovator” or “entrepreneur” in normal conversation. It’s all code for, “I’m selfish, but great, and you’re a lazy worthless asshole”.

Problem is, they need all of us “lazy worthless [...]

From this Bloomberg piece:

Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money…

however, don’t dismay, we made money on the deal:

The Fed has said it had “no credit losses” on any of the [...]