Word: beltways
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Dates: during 2000-2009
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...night that he has already managed to get AIG employees to give back $50 million of the bonuses. But much of the credit still has to go to the Obama Administration for its handling of the AIG fracas. With that in mind, here are five lessons of the latest Beltway blowup. (Read "The AIG Bonuses: Getting Mad and Getting Even...
Judicial options were raised outside the Beltway. As he announced that AIG had paid so-called retention bonuses of $1 million or more to 73 employees, including 11 who no longer work there, New York Attorney General Andrew Cuomo questioned the validity of the contracts that guaranteed those payouts. He said the agreements were made in March 2008 to duplicate employees' 2007 bonuses "despite obvious signs that 2008 performance would be disastrous." (To further fuel the outrage, Cuomo added that the top individual AIG bonus was more than $6.4 million, while the top 10 collected a total of $42 million...
...Earmarks were made for hypocrisy; they're always reprehensible when they're in someone else's district. But despite all the Beltway hyperventilation, earmarks are not really a problem. Their exponential growth is a symptom of the larger problem of wasteful spending, but blaming the earmark process for wasteful spending is like blaming the Internet for porn. It is just a convenient delivery device, and it can have good uses as well as frivolous ones. Its abuse in recent years says more about the people misusing it than the process itself. (See the Top 10 Outrageous Earmarks...
...Odierno are the flawed but authentic heroes who pushed through a strategy to suppress Iraq's festering civil war; the losers are warlords like Donald Rumsfeld and Paul Wolfowitz, who agitated for the invasion and then lost control over its outcome through naiveté or ineptitude. Much of the Beltway intrigue here was reported by Ricks' Washington Post colleague Bob Woodward in last year's The War Within. Military strategies--even successful ones--are, like laws and sausages, not something civilians necessarily want to see made. Still, Ricks' reporting and insight from the front lines of Iraq support his conclusion that...
...Washington in the stimulus game: in August, in response to his state's economic implosion, he launched Accelerate Florida, which is pouring out more than $28 billion in stored-up state funds for the kind of infrastructure and school-construction projects that are still being debated inside the Beltway. (See pictures from the historic Election...