Commentary

Another Embarrassing Judicial Defeat for the Obama Administration

By Timothy H. Lee
Thursday, September 12 2013

“The Commission fundamentally miscalculated the scope of its discretion.” These days, it seems the only thing rougher on Barack Obama than Russian President Vladimir Putin is our own judicial branch. The quote above came from the written opinion of federal Judge John D. Bates, in vacating a Securities and Exchange Commission (SEC) rule forcing U.S. energy companies to surrender confidential proprietary information to foreign competitors. All in the name of international redistribution of wealth and Dodd-Frank. Just last month, we highlighted two humiliating…

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