Word: bailouts
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...Budget Office estimated that the deficit this year would be $407 billion, a sum that reflected the $168 billion economic stimulus package approved by President Bush in February and the estimated $188billion spent for the wars in Iraq and Afghanistan through 2008. Add to that the $700 billion financial bailout package passed in October, plus another economic stimulus package likely to take shape in the coming months that could cost as much as $175 billion, and you're talking about an all-inclusive fiscal 2008 deficit exceeding $1 trillion...
When the movie Iron Man hit video stores Sept. 30 - the same week Congress was squabbling over the $700 billion bailout bill - it sold 500,000 copies on Blu-Ray in seven days, a record for the nascent high-definition home entertainment format. In bad times, we still need our good times, maybe more than ever. At least that's what the companies that sell TV, movies, video games and other recreational commodities are counting on as the economic crisis deepens. "People are feeling like they're depriving themselves of fun they would be having by buying...
George W. Bush is less popular than poison ivy; the economy is in worse shape than Homer Simpson; if the Republican Party were a bank, it would need a bailout. But none of that can explain why Democrat Travis Childers won a startling special election to represent Mississippi's First Congressional District in May or why he's expected to keep his seat in November...
...much a reflection of a change in strategy as it is of voter unease with the GOP. In a recent debate at the University of Mississippi, Childers agreed with Davis on just about every policy issue, from drilling in Alaska (for it) to the recent Wall Street bailout (against it); the only real contrast was that Childers is a proud country boy, a real estate agent from rural Booneville, while Davis is a more stilted suburbanite, the mayor of the bedroom community of Southaven. By recruiting candidates who depart from party orthodoxy but are more in line with conservative districts...
NEEL KASHKARI oversees $700 billion U.S. bailout plan, still embarrassed by Rush quotes on high school yearbook page...