from Holman Jenkins, Jr. at The Wall Street Journal, Regulation vs. The American People

Mr. Obama wanted to be a “transformational” president like Reagan, but transformational presidents both lead and listen to the public, and they get their mandate through the ballot box. Unilateral regulation is not the way to a meaningful legacy. It invariably degenerates into omnidirectional bureaucratic opportunism, which is the real legacy of Mr. Obama’s “frustration” with the American people.