Friday, May 1, 2009

Obama revelling in U.S. power unseen in decades


By Steve Holland | Fri May 1, 2009 9:47pm BST | Reuters

WASHINGTON (Reuters) - Barack Obama is revelling in presidential power and influence unseen in Washington for decades.

Barely 100 days in office, the U.S. president and his Democratic Party have firm control over the White House and Congress and the ability to push through ambitious plans.

Now, with the coming retirement of a Supreme Court justice clearing the way for him to appoint a successor, Obama already is assured a legacy at the top of all three branches of government -- executive, legislative and judicial.

On the corporate front, the federal government's pumping of billions of dollars in bailout money into banks and auto companies has given Obama the power to force an overhaul in those industries, a remarkable intervention in capitalist industries by the state.

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