Word: bailouts
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...could have gotten there today had it not been for the partisan speech that the Speaker gave on the floor of the House.' House minority leader JOHN BOEHNER, accusing Nancy Pelosi of diminishing Republican support for the $700 billion bailout plan...
...know where Mark Halperin spent his week, but here in the real world, McCain--a "winner" on The Page--looked lost and frantic [Sept. 29]. He praised our economic fundamentals, then redefined them. He opposed the AIG bailout until he was for it. He attacked the U.S. Securities and Exchange Commission, then confused it with the Federal Election Commission. He even misplaced Spain. Senator Barack Obama, by contrast, was calm and reassuring, meeting with economic grownups and continuing his longtime advocacy of the kind of realistic regulations that might have helped prevent the financial catastrophe we find ourselves...
...bailout flight, Palin media scrutiny and debate circus have limited Republicans' ability to shape the race's dynamics, allowing Obama to bask in 2008's natural political order. Biggest blowout week of the general election...
That may be because McCain took a frenetic, borderline erratic approach to the crisis, thrusting himself into the negotiations to very little effect. First he announced that he would suspend his campaign to salvage the bailout talks and would skip the first presidential debate unless negotiators hammered out a deal--although he didn't seem to suspend much, and the talks had been going pretty well without him. They blew up only after he dragged the circus of presidential politics back to Washington and left the impression that he agreed with House Republicans who opposed the deal. Then McCain announced...
...well once more, as a lame-duck President joined Democratic and Republican congressional leaders to ask Americans to trust them with a $700 billion Wall Street rescue package. But the well of trust had long run dry. Outraged calls overwhelmed Capitol Hill switchboards, and on Sept. 29 the bailout failed in the House, panicking the markets anew. Washington is still likely to find a fix for the credit crisis, but after a series of corruption scandals and a longer series of gaps between deeds and words, its own credibility crisis might take longer to repair...