Word: bailout
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Dates: during 2010-2019
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...straight face. Even when they're holding the feeblest of hands, they have to ensure that their opponents never know how close they are to folding. But in the epic poker match between German Chancellor Angela Merkel and Greek Prime Minister George Papandreou over a potential European Union bailout of debt-ridden Greece, who is the real deal and who is bluffing...
...they're also more expensive. That has the potential to slow down economic recovery, since firms that can't borrow often can't expand. Policymakers have responded with a number of programs to boost small-business lending, including an Obama Administration proposal to repurpose $30 billion of bank-bailout money to spur more business lending at community banks...
...triggered a nearly convulsive political response, given that elections are won and lost over the state of the economy and the mind-set of wage earners. That's why President Barack Obama, in his State of the Union address, called jobs his "No. 1 focus" and proposed repurposing bank-bailout money to lend more to small businesses, which would then, presumably, generate jobs. On March 17, Congress passed a job-creation bill that includes, among other things, an estimated $13 billion worth of tax incentives to coax companies into adding to their payrolls. (See 10 perfect jobs for the recession...
...Rubio, the U.S. Sugar "bailout" is another example of how Crist has forgotten the bedrock Republican ideal that "this country was built on the principles of limited government," he told TIME recently...
...most credible scenario for an irresistible groundswell of public support would have to include a tough consumer agency that would regulate financial products the way the FDA regulates food and drugs, along the lines proposed by bailout watchdog Elizabeth Warren. It wouldn't have to be a stand-alone agency; the FDA isn't, and nobody thinks of the Office of the Comptroller of the Currency as a Treasury agency just because its employee emails end with treas.gov. But it would have to be truly independent, with its own budget, its own presidentially-appointed director, and preferably its own address...