Word: bush
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...Obama found himself in that uncomfortable position because of the unpopularity of the $700 billion Wall Street bailout that Congress passed last fall to help stabilize the nation's ailing banks. Half of that money has already been used up by the Bush Administration, and with little indication that such usage has helped ease the flow of lending to consumers and businesses, members of Congress are loath to hand over the rest of the money without guarantees of greater oversight and transparency. And so Senate Democratic leaders are struggling to prevent their members from passing a Resolution of Disapproval...
...Senate were to pass the resolution, it would almost certainly pass the House - where leading Democrats like Barney Frank are pushing for stringent, spelled-out conditions - and then go to the President's desk for a veto, Democratic sources said. Even if Bush can do the honors before he leaves office, Obama would still have to take office as both chambers attempt overrides of the veto. Such a situation might force Obama to expend some of his political capital on fixing the holdover problem, and it could drain support for what he prefers to be concentrating his time and energy...
...fair to Blair, since that's a courtesy his disillusioned compatriots rarely extend to him these days: the British pol believed that a close and supportive relationship with Bush would enable him to exercise greater sway over U.S. policy in Iraq and elsewhere. But the strategy was flawed. "[Blair] always tended to forget the relative size and power of our two countries," says a former British diplomat, who points to Bush's laconic "Yo, Blair" greeting at the 2006 G-8 summit as a symptom of that imbalance. "I was always convinced that when Blair thought that he'd moved...
...There is no such thing as short-term history," an insouciant President Bush told the White House press corps yesterday. That's a sentiment his pal from across the Atlantic can only hope proves true. A special envoy to the Middle East for the U.S.-Russia-E.U.-U.N. "Quartet" of powers since 2007, Blair has maintained a surprisingly low profile as Israeli forces move into Gaza. Back in Britain, his substantial legacy - a more affluent and, by some measures, fairer Britain - looks imperiled by the economic downturn. For the moment, a gold medallion, even one given by the lamest...
...pictures of Bush and Blair's enduring friendship...