Change- A Mirage of President Obama

Obama campaigned on a pledge of Change. So far, the only change has been that he has changed his tune.
He has backtracked on releasing the pictures related to the treatment of prisoners in prisons.

Now, the WSJ reports, in an article titled "Salaries Safe, Bonuses Hit - Obama Drops Tough Plan on Bank Compensation; 10 Lenders Repay Bailout Cash" that "the Obama administration is dropping its plan to cap salaries at firms receiving government bailout money, leaving them subject to congressionally imposed limits on bonuses, according to people familiar with the matter."

Yet another good report from the WSJ, titled "Finance Reforms Pared Back - White House to Preserve Regulators but Seek Tougher Rules; Avoiding a Political Battle" reveals that "the Obama administration is backing away from seeking a major reduction in the number of agencies overseeing financial markets, people familiar with the matter say, suggesting that the current alphabet-soup of regulators will remain mostly intact. Administration officials had suggested they might push for major regulatory consolidation in the wake of the financial crisis. But now they expect to call for most existing agencies to have broader powers to limit risk-taking by financial institutions, say the people familiar with the planning."

That is the problem...taking politically expedient decisions rather than the ethical ones.