'Trust Us,' Says the President, Even as the Government Proves It Can't Be Trusted
...That's not to suggest that you just say, trust me; we’re doing the right thing; we know who the bad guys are. And the reason that's not how it works is because we’ve got congressional oversight and judicial oversight. And if people can't trust not only the executive branch but also don't trust Congress and don't trust federal judges to make sure that we’re abiding by the Constitution, due process and rule of law, then we’re going to have some problems here....

...Unfortunately, you’ve grown up hearing voices that incessantly warn of government as nothing more than some separate, sinister entity that’s at the root of all our problems; some of these same voices also doing their best to gum up the works. They’ll warn that tyranny is always lurking just around the corner. You should reject these voices. Because what they suggest is that our brave and creative and unique experiment in self-rule is somehow just a sham with which we can’t be trusted.

We have never been a people who place all of our faith in government to solve our problems; we shouldn’t want to. But we don’t think the government is the source of all our problems, either. Because we understand that this democracy is ours. And as citizens, we understand that it’s not about what America can do for us; it’s about what can be done by us, together, through the hard and frustrating but absolutely necessary work of self-government. (Applause.) And, Class of 2013, you have to be involved in that process. (Applause.)

The founders trusted us with this awesome authority. We should trust ourselves with it, too...

Tax Audits Are No Laughing Matter
...At his Arizona State University commencement speech last Wednesday, Mr. Obama noted that ASU had refused to grant him an honorary degree, citing his lack of experience, and the controversy this had caused. He then demonstrated ASU's point by remarking, "I really thought this was much ado about nothing, but I do think we all learned an important lesson. I learned never again to pick another team over the Sun Devils in my NCAA brackets. . . . President [Michael] Crowe and the Board of Regents will soon learn all about being audited by the IRS."

Just a joke about the power of the presidency. Made by Jay Leno it might have been funny. But as told by Mr. Obama, the actual president of the United States, it's hard to see the humor. Surely he's aware that other presidents, most notably Richard Nixon, have abused the power of the Internal Revenue Service to harass their political opponents. But that abuse generated a powerful backlash and with good reason. Should the IRS come to be seen as just a bunch of enforcers for whoever is in political power, the result would be an enormous loss of legitimacy for the tax system....

Obama to Bankers: I’m Standing ‘Between You and the Pitchforks’
ABC News’ Matthew Jaffe reports: When President Obama welcomed the chief executives from 13 of the nation’s biggest banks to the White House last Friday, White House Press Secretary Robert Gibbs billed it as a “good, productive, and frank” conversation. Emphasis, it appears, on the frank. As first reported by Politico’s Eamon Javers, and confirmed by ABC News with industry sources, some bankers gave explanations for the industry’s high salaries, such as "competing for talent on an international market." But, President Obama cut them off. "My administration is the only thing between you and the pitchforks," the president told them. ...