President Obama's assertion of executive privilege in the "Fast and Furious" scandal is the latest in a series of recent reminders that an incumbent president is not to be underestimated. He has substantial powers at his disposal, even when he's wounded by a sluggish economy.
Obama Demonstrates His Power, Fast and Furiously
Asserting the privilege is not without risks. It leaves the question, raised immediately by Republicans: What is the president trying to hide? In this 40th anniversary week of the Watergate break-in, Obama has chosen to employ a power that was famously misused by President Richard Nixon.