Word: blamed
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...caused major profit losses, as consumers have turned away from these gas-guzzling vehicles. Union support for these strategies—while politically helpful to their constituents in the short term—has also made it difficult for Congress to impose fuel standards on the industry. Wherever the blame lies, however, making the changeover to producing more fuel-efficient vehicles will require a huge amount of capital, without which the automakers are likely to face bankruptcy. The bankruptcy of any of these companies, however, would likely throw the already recessing economy into a depression. If the American auto industry...
Just four hours after being re-elected House minority leader, John Boehner sat down exclusively with TIME to talk about how he plans ti turn around the Republican Conference after a net loss of 50 House seats over the past two election cycles, who's to blame for the losses and why he's not a caretaker leader...
...other places have called you a caretaker in the role of Republican leader. How do you respond to that? Boehner: Oh, there's been a lot said over the last two weeks. Clearly, we've been through two very difficult cycles. If I thought that I was to blame for what happened over those last two cycles, I wouldn't be here, I wouldn't have run. I think we did our best considering the cards that we were dealt. And I believe that the cards that will be dealt to us over the next two years will be much...
...dire or that the Democrats' efforts are so pure. Some observers speculate that GM, the weakest of the Big Three, can likely hold out until January. Still others say that even if GM doesn't make it, the fallout might not be all bad for the Democrats, who can blame the GOP for inaction without having to put more taxpayer money on the line. "If there's a bankruptcy between now and then, the spin would be that the Republicans let it happen," says Greg Valliere, chief political strategist at the Stanford Financial Group, which tracks government actions for private...
...economic crisis Franklin D. Roosevelt faced in 1932 as President-elect, says Brookings Institution historian Stephen Hess. While Roosevelt could have done more to step in, he chose to wait to take office and exercise his full power - making a clean break and effectively laying all the blame on the previous Administration of Herbert Hoover. As Jonathan Alter writes in his book The Defining Moment: FDR's Hundred Days and the Triumph of Hope, "Roosevelt wanted to make sure that the people remembered that it was Republicans who had forgotten their interests. If this meant sitting by idly while...