Word: bailouts
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...nearly every major issue - from the auto bailout and the stimulus bill to tax cuts and the delicate question of whether to investigate Bush Administration officials for crimes related to torture - Pelosi has voiced and even pushed through the House differing positions from the President, at times to the embarrassment of Democrats. Obama and Pelosi each, of course, have distinct motives, and personalities: Pelosi is a partisan warrior who must tend to her caucus, while Obama got elected as a postpartisan healer, implicitly attacking the old ways of Washington and striving to appeal to a broader national base...
...rule out Republican proposals to use a fund set up in early 2008 to modernize the industry rather than TARP money - a move Pelosi vehemently opposed. Pelosi was forced to swallow a compromise, though that deal died in the Senate and ultimately President Bush used money from the bank bailout to help Detroit. (See pictures of the remains of Detroit...
...easy to overstate the problem. Daschle will be a footnote in the history of the Obama Administration, certainly when compared with monumental projects like the stimulus package and the bank bailout. But it might be time for Obama to take a breath, to rethink, if not reboot. The more I think about the stimulus supertanker, the more questionable it seems. Not substantively: most of the money in it is justifiable. But a case can be made that it should have been divided into discrete packages: a short-term booster with tax cuts, state aid and shovel-ready public works; then...
...from 43% a year ago. The cause of concern is clear: despite the government's passage of a $65 billion stimulus package, Germany entered its third straight quarter of recession in January. This month, German unemployment shot to 8.3%, from 7.4% in December. (See which country has the best bailout plan...
...Afghanistan and highlighting its vulnerability. Of course, Bakiyev happened to be standing alongside Russian President Dmitri Medvedev at a Moscow news conference when he served notice on the U.S. to vacate the Manas air base. Moscow, in fact, had just promised to give Bakiyev a vital $2 billion economic bailout package. Russia's motivations, and its intentions, are ambiguous. (See pictures of NATO's vulnerable Pakistani supply route...