Word: bailouts
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...Five Questions (and Answers) About Citi's Bailout...
...civilian, got high marks for struggling to bring some accountability to Pentagon spending when he served as its top money manager from 1997 to 2001. By one account, he reduced the amount of undocumented Pentagon spending from $2.3 trillion to $1.3 trillion (before the federal banking bailout, only at the Pentagon could $1.3 trillion in undocumented spending be deemed progress...
...sniping between the two giants of Texas politics has already begun. Hutchison has said state government needs a long-overdue "scrubbing," while Perry has suggested her vote for the $700 billion Wall Street federal bailout reflects a "Democrat Lite" approach to economic hard times. At a press conference to unveil a pro-life auto-license plate, Perry intimated that his potential opponent has been less than 100% supportive of pro-life policies. Hutchison, whose position on abortion has been described as "nuanced" by conservative columnist George Will, has supported federal funding for stem-cell research and opposed federal funds...
...Twice voted against the $700 billion TARP bailout bill and was the only Representative from New York to vote for the May 2007 funding bill for the Iraq war. She has described her congressional voting record as "one of the most conservative in the state...
...notion of a bailout for Main Street didn't have enough hurdles to overcome, Obama may also need to ask for upwards of $50 billion more for the already approved bank bailout to deal with the continuing credit crunch. Considering that nine Democrats disregarded Obama's personal appeal last week and voted against giving his new Administration the second half of the $700 billion allocated by Congress in September, adding $50 billion more to the stimulus could poison the well for Dems adamantly opposed to further aid for Wall Street...