Word: clintonized
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...heels of President Obama's announcement that he would ask the EPA to reconsider applications from 14 states attempting to set stricter greenhouse gas-emissions standards, Secretary of State Hillary Clinton named another member to what some have recently dubbed Obama's green team. Todd Stern, a longtime friend and adviser to both Hillary and former President Bill Clinton, has held positions in government and in private law practices where he has advised on issues ranging from global warming to anti-money laundering methods. Many see his appointment as further evidence that the Obama Administration is serious about addressing...
...Democratic wannabes, most notably Houston mayor and former Clinton Deputy Energy Secretary Bill White and former Texas comptroller John Sharp, are lining up for the potential Senate seat, leaving Perry and Hutchison to fight it out in the governor's race. "If people knew it was going to be [just] Rick Perry, you'd see folks willing to put their name forward," Democratic state representative Leticia Van de Putte told the San Antonio Express. "People understand in a general election that Kay Bailey Hutchison is such an intense brand, it's hard to get market share on that...
...after Lyndon B. Johnson's move from the Senate to the vice presidency, Republican John Tower emerged from among 70 contenders to win a seat he went on to hold for 24 years. Then, in 1993, when Democratic U.S. Senator Lloyd Bentsen became Secretary of the Treasury in the Clinton Administration, Governor Ann Richards named fellow Democrat Bob Krueger to the seat - a job he held for just six months before Hutchison won the seat...
...these laws are under fire, cited by critics - mostly but not exclusively on the political left - as major precipitating causes of the financial meltdown. And while both were signed into law by Bill Clinton, Gramm has taken the most heat. (It hasn't helped that, since leaving the Senate in 2002, he's been working for Swiss banking giant UBS, which has sustained huge losses on bad mortgage securities and derivatives...
...task with relish. He was dismissive of the charge that Glass-Steagall repeal has been a big problem. "Europe never had Glass-Steagall," he said. "So why didn't this happen in Europe rather than here?" On derivatives he was a bit more nuanced: All he and the Clinton Administration were trying to do with the 2000 bill, he claimed, was establish that interest-rate and currency swaps - two relatively uncontroversial forms of over-the-counter derivatives - couldn't be regulated as futures by the CFTC. At the time, credit-default swaps weren't on the radar, and the bill...