Word: congressed
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...failure of the federal government to act quickly enough to arrest the decline in the economy before the end of this year now appears to depend not so much on whether the funds are approved as the extent to which Congress and some parts of the Administration can put them into law and manage them as ongoing programs...
...While Congress may support the Treasury's desire to have a blended bailout of the banks which includes government and private money, coordinating how those investments will go into financial firms and how it will be determined which piece of the pie private equity will get may be beyond the capacity of the personnel that the department has in place...
...Congress has a similar problem. Leadership from the Speaker to committee chairmen are running from one problem to another, hoping to put out fires before new ones flare up. By stretching the capacity of people to do more than a hundred things at one time, the system risks doing none of them well...
...Congress and Treasury may save the U.S. banking system and rescue mortgages which would normally go into default and move toward foreclosure. The programs may all look perfect on paper. In reality, it has become clear that when the issue of who will actually make the programs work comes up, there are not enough qualified people to go around...
...starts to put money into some of its weaker auto companies and the US only gives The Big Three modest financing, Japanese car firms may actually be in a position to gain market share in America by being able to financially ?outlast? the domestic car companies. Any funds the Congress agrees to provide to GM and Chrysler need to take that into account...