Word: bipartisanism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...activity aimed at keeping banks healthy, not by shoving them back into their New Deal box but by reasserting their central role in the financial system. Glass-Steagall repeal can best be understood as part of this effort. So was 1994 legislation allowing interstate branching. This was a bipartisan movement: The Gramm-Leach-Bliley legislation passed the Senate 90-8 (Joe Biden was for it; John McCain didn't vote, but had supported the bill in an earlier roll call...
...even before 2001 there was a widespread, bipartisan Washington consensus that financial markets knew best. And even when some in government suspected that they didn't, the territorial lines between regulatory agencies often stood in the way of doing anything about it. The Securities and Exchange Commission, well versed in investor protection but not so much in safety and soundness, remained as lead regulator of brokerage firms even as they evolved into giant investment banks whose failure could endanger the financial system. The Office of the Comptroller of the Currency battled state regulators over who had the right to impose...
...book The Audacity of Hope, Senator Barack Obama advances a thesis that can seem, perhaps true to form, rather utopian. He holds that—in spite of the cultural schism of the 1960s and the end of bipartisan pragmatism—Americans are not so different, and that a combination of their shared values might be enough to unite a sweeping new majority. In so doing, he engages in a little willful bifurcation, implying that ‘ordinary Americans’ are the victims, not the agents, of a climate of red-vs.-blue rancor, taking Michaels Moore...
...could pass the kind of large-scale conservative initiative--think of Reagan's big tax cut in 1981 or George W. Bush's in 2001--that fires up the GOP base. Facing large and aggressive Democratic majorities in Congress, McCain will have to drink deeply from the well of bipartisan compromise if he wants to get anything done. The alternative will be veto upon veto as he tries to remain ideologically pure...
...might also have mentioned that he favored the current bipartisan energy proposal that would permit offshore drilling and invest in alternative energy, but McCain opposed it because it would "raise taxes" on the oil companies by closing loopholes...