Word: bushed
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...made the conversation public, Cheney elaborated that he meant this "in a political context," not an economic one. But for most of Cheney's time as Vice President, the claim held up pretty well in both contexts. Over O'Neill's objections - he'd be gone soon anyway - the Bush Administration and Congress abandoned a bipartisan commitment to fiscal prudence that had held sway since the early 1990s and went back to running chronic deficits. The result was a growing economy and a second term for George W. Bush. (See George W. Bush's biggest economic mistakes...
...good part of his fortune making deficits into a political issue. In response, Washington focused for a few years on getting rid of the shortfall. With a lot of help from the late-1990s tech boom, it succeeded. As already noted, this deficit-fighting consensus disintegrated in the early Bush years. This time around, China joined Japan as a big buyer of Treasuries, interest rates stayed low, and the economy chugged along...
...ascension to one of the nation’s most prestigious legal positions—one that is often considered a stepping stone to a position on the Supreme Court—represents a return to power for HLS, whose largely liberal faculty had retreated from government during the Bush administration. One audience member asked Kagan what it was like to battle with Justice Antonin Scalia, referring to a tense moment during an argument before the Court on Wednesday. “Well, uh, he was wrong,” she said in the rather forced tone of a once...
...President Obama’s speech was roughly equivalent to that of former President George H.W. Bush in 1991. Both speeches focused on themes of personal responsibility and controlling one’s own destiny. Few people seem to remember, however, that immediately after President Bush’s speech was given, a Democrat-controlled Congress ordered a General Accounting Office investigation, convened hearings, and summoned senior Bush officials to Capitol Hill to testify...
...this game of chicken, however. Not only are the Lebanese people sick of internecine warfare, but engagement remains the order of the day - at least officially - in the Middle East, and no party in the region seems inclined to return to the confrontational politics of the Bush...