Word: abouts
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Besides, for all the health care hullabaloo, constituents have other things to worry about. The first question after McMahon's speech was about the rising cost of living, the next about offshore drilling and the third about the wars in Iraq and Afghanistan. "I'm this way about the health...
But instead of sailing quietly into oblivion, Kaufman has decided to make waves. Most notably, he is challenging his Senate colleagues - and the Obama Administration - to get behind far tougher financial regulations than they have yet proposed, a move that has been unsettling to both bank lobbyists and White House...
As a policy matter, Kaufman's prediction is heavily debated among economists. But as politics, his critique threatens to undermine the White House's finely tuned election-year story line. To hear President Obama or his aides tell it, the coming Senate debate on financial regulatory reform will offer a...
"Little in these reforms is really new," Kaufman says of the current White House-backed Democratic Banking Committee plan. He calls the provisions for new "resolution authority" to dissolve failing banks "an illusion," since the sheer size of the institutions makes painless, prepackaged liquidation unlikely. He worries about loopholes that...
The White House has mostly avoided direct public engagement with its unlikely critic. On ABC's This Week recently, White House economic aide Larry Summers dodged a question about Kaufman's complaints. "Senator Kaufman is exactly right," he said instead, sympathizing with the concern about large bank failures. In fact...