President Obama signs financial reform law
By Angie Drobnic Holan
Published on Wednesday, July 21st, 2010 at 3:10 p.m.
President Obama signed into a law a major overhaul of the financial regulatory system on Wednesday. We moved the Obameter to Promise Kept on Promise No. 422, to create new financial regulations.
That promise is among the 25 campaign promises we've designated his most important promises. How's he doing on the rest of them?
The largest number of top promises -- 13 of them -- are still rated In the Works. That means the measure has been proposed or promoted but hasn't been fulfilled.
Obama has earned In the Works ratings for promises such as removing combat troops from Iraq, closing the Guantanamo Bay detention facility, securing the nation's borders, creating 5 million green jobs and getting cap-and-trade energy legislation passed.
The next largest category is Promise Kept -- we've designated five promises as fulfilled.
That includes his most recent action, signing into law new financial regulations, as well as his promises for mandating health insurance for children, fully funding the Veterans Administration, sending more troops to Afghanistan and conducting a review of mandatory minimum sentences for nonviolent drug offenders.
Among the rest of the top 25 promises:
We've rated four promises Compromise: create a foreclosure prevention fund for homeowners, create a $500 tax credit for workers, create a national health insurance exchange and require more disclosure and a waiting period for earmarks.
We've rated one of the top promises Broken, create tougher rules against revolving door for lobbyists and former officials. We found too many loopholes in the White House rules on lobbyists working in the administration.
We are monitoring all of the 500-plus promises in our Obameter database and are poised to change the ratings when circumstances warrant.
See individual promises for complete sources.
We want to hear your suggestions and comments.
For tips or comments on our Obameter and our GOP-Pledge-O-Meter promise databases, please e-mail the Obameter. If you are commenting on a specific promise, please include the wording of the promise.For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.
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