Word: bailouts
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...Academy class he finished fifth from the bottom in attended by •makes grandiose announcement of suspension of campaign, though all aspects of campaign aside from his personal appearances continue unabated •says he has "not had a chance" in three days to read administration's 2½-page bailout plan •sits quietly during White House meeting he suspended his campaign to attend •suspension of campaigning assessed by Republican strategist as "desperate and nuts...
Menendez, Bob •intent to not "be stampeded into rubber-stamping" bailout announced...
Obama, Barack •calls McCain to suggest issuing joint statement on bailout plan, only to have McCain rush in front of cameras minutes later and announce unilateral position •says thanks but no thanks to McCain's call to delay first debate and points out that "It is going to be part of the President's job to deal with more than one thing at once...
...controversial budget plan in 1993 without any GOP votes - has said she will not bring any markets stabilization package to the floor without a majority of House Republicans on board. With constituent telephone calls to congressional offices running 100 to 1 against the proposed $700 billion Bush Administration bailout plan, the last thing Pelosi wants to do is force her own members to walk the plank for the proposal without a significant amount of company (and cover) from the other side of the aisle. But hours after Congressional Republicans and Democrats announced the outlines of a deal on Thursday afternoon...
...while the Bush Administration bailout plan does require an unprecedented outlay of taxpayer funds, White House officials say the cost of a crippled economy would be an even greater burden on average Americans. Treasury Secretary Henry Paulson believes that while the House Republican proposal would help moderate the current crisis, it wouldn't be enough to do the job. Nor is it the most effective way, Treasury officials argue. Leaving those toxic mortgage-backed assets on financial institution balance sheets, they say, would not provide the additional liquidity that banks desperately need right now to get the nation's paralyzed...