Word: bailouts
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Talk of a bailout has enraged Japanese voters. For three weeks opposition legislators blocked entrances to the budget-committee room of the Diet, Japan's legislature. They picked up their cushions and departed last week only after Prime Minister Ryutaro Hashimoto agreed to extend debate on what had been a no-questions-asked $6.85 billion bailout of the housing-loan companies...
None of the groups the Republicans are scapegoating are responsible for declining wages, lawoffs, transference of jobs to Third World countries, the savings and loans disatster, the Mexican bailout, NAFTA, GATT, militarism, the budget deficit or the serious environmental crisis. The blame should rightly be placed with those institutions with real economic and political power--the large corporations...
...that a good many G.O.P. freshmen were elected with a campaign message not unlike the one Buchanan offers: trade protectionism, social conservatism and something not so different from isolationism in foreign affairs. that's why, once in washington, they were out front in the fight against NAFTA, the Mexican bailout and the U.S. mission in Bosnia. Those Buchanan-ish freshmen, Scarborough insists, have grasped themes that are key to the future strength of the G.O.P. coalition. "We finally have a group of Republicans who know how to appeal to people who are earning $30,000 or less...
...doesn't matter to you? With all that as prelude, it may no longer be necessary for Buchanan to practice an explicit anti-Semitism. The name game is enough. Let him cite some act of economic villainy--trade deals, for instance, or the effort to push the Mexican bailout through Congress--and he's apt to put a Jewish name at the scene of the crime. His favorites are Treasury Secretary Robert Rubin, the investment-banking firm of Goldman, Sachs and Federal Reserve Chairman Alan Greenspan. Buchanan insists he's not sending out an anti-Semitic signal. Somehow anti-Semites...
Playing the populism game could be tricky for them too. Though he did it with Republican support, Bill Clinton is the President who pushed through NAFTA, GATT and the Mexican bailout. And it's hard for a sitting President to tell even a minority of voters that they aren't doing as well as they were four years ago. But Democrats have the advantage of being able to taunt Republicans for their opposition to raising the minimum wage, for wanting to cut the earned-income tax credit and for their free-floating hostility to labor unions. Says Labor Secretary Robert...