Yesterday, The Wall Street Journal reported that the special interests are gearing up to prevent the Obama administration from achieving his agenda. By "special interests", I mean the oil companies, the insurance companies, large agribusiness, and all those other entities who have an interest in retaining the status quo in Washington.
Industries from health care to agribusiness to mining that stand to lose under President Barack Obama's policy agenda are ramping up lobbying campaigns to derail or modify his plans.
... Opinion polls indicate that Mr. Obama's broad goals enjoy popular support. But crucial details of the president's agenda will be decided in coming months by close-in legislative fighting, where big industries and the members of Congress that support them have plenty of clout.
Today, President Obama had a special message just for the special interests in his weekly video address. An excerpt from the address:
"I realize that passing this budget won’t be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington. I know that the insurance industry won’t like the idea that they’ll have to bid competitively to continue offering Medicare coverage, but that’s how we’ll help preserve and protect Medicare and lower health care costs for American families. I know that banks and big student lenders won’t like the idea that we’re ending their huge taxpayer subsidies, but that’s how we’ll save taxpayers nearly $50 billion and make college more affordable. I know that oil and gas companies won’t like us ending nearly $30 billion in tax breaks, but that’s how we’ll help fund a renewable energy economy that will create new jobs and new industries. I know these steps won’t sit well with the special interests and lobbyists who are invested in the old way of doing business, and I know they’re gearing up for a fight as we speak.
My message to them is this:
"So am I."
Mr. President, we are behind you 100%.
TRANSCRIPT and video address from the pres after the jump.