Making laws
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the issue of slavery in the territories was to be decided through governmental bodies
The Executive Branch can make or influence policy: Some policies are unilaterally implemented by the executive branch, such as the one allowing torture under the current (2008) administration. Other policies, which require congressional authorization, may still be begun by the President's introducing legislation for Congress to discuss and vote on. The president may veto bills he vehemently disagrees with. Though with a large enough majority, congress and the Senate may overturn that veto, they rarely can. The President may issue signing statements-- upon signing a bill into law, he may issue a statement of his interpretation of the law, that is, how he will instruct the Justice Department (or Agriculture, or whichever is relevant)to implement/enforce the new law. Some signing statements in the current administration have nearly negated the law which was passed. The president may use the Bully Pulpit. That is, he may make broad statements of goals and needs, such as Kennedy's 'man on the moon in 10 years, Johnson's War on Poverty, or Reagan's War on Drugs.
Different levels of government can cover different aspects of an issue.
An oral argument is a legal proceeding where lawyers on each side of a contentious issue (such as whether or not the testimony of a particular witness should be allowed into evidence) stand in a courtroom and argue their side out loud by speaking. The judge listens to the spoken argument and makes a ruling either right on the spot or after taking some time to consider what he's heard. Oral argument is in contrast to written argument. In written argument, lawyers on each side of a contentious issue write out their arguments on paper and submit the written arguments to a judge who reads and considers them, then rules on the issue.
Presidents can offer directives about something they already have power over, but one reason that a president might issue an executive order is to get around congress, and not be subject to the normal checks and balances built into our government. Congress makes new laws... the president cannot. In the past, several presidents have been criticized for using executive orders to take more power than they should have.