Word: capitols
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...Capitol Hill, meanwhile, hums at peak capacity. Congress is frantically stacking pet projects into a trillion-dollar tower in hopes that--by painting the word stimulus down the side--it will lift off like an economic rocket. There is no Plan B. The hero of recessions past--the American shopper--has left the mall. For the first time in its history, the National Retail Federation predicts consumers will actually spend less over the coming year. Super Spender can't save the day when stuck in the unemployment line...
...addition, external issues such as the economy and what Fitzsimmons called the “Obama factor”—the increased prevalence of Harvard-affiliated figures on television and on Capitol Hill—may increase the yield...
...Which is not to say there weren't symbolic gestures. But the groups Obama lavished his attention on were an unlikely bunch: diplomats, Muslims and Republicans. The gestures involved a geographic humility that was a clean break from the presidential past: he went to the State Department, to the Capitol, and appeared on the Al Arabiya television network before granting an interview to any of the American channels. In each case, the gesture was made more for its long-term effect than its short-term bang...
...possible sign of how difficult such programs might be in a global recession, he refused to put a specific amount on the aid offer. But together with the Obama Administration's naming of Todd Stern as its special envoy for climate change, and with Gore's appearance on Capitol Hill, change has already come to the long-deadlocked global talks on warming. "This is a strong signal that Obama is ready to engage," says Jake Schmidt, international climate policy director for the Natural Resources Defense Council. "They're set to take off like a rocket...
Meltzer is at least the seventh Harvard professor to decamp Cambridge for Washington and the third Law School professor to leave for the capitol. Kennedy School Professor Joseph S. Nye is rumored to be Obama’s choice for ambassador to Japan...