Word: congressed
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...India's License Raj. But there is no reason to believe that this current crisis of capitalism won't end up the same way as all of the others - with a renewal of confidence in the free market. Henry Paulson and some other officials in the Administration and Congress are right to at least be wary of further extensions of the state in the economy, such as the proposed bailouts of the Big Three. Regulation and state control may seem attractive at a time of crisis, but eventually it creates problems of its own, and people will crave the economic...
It’s no news that Iranian President Ahmadinejad has consistently denied the occurrence of the Holocaust. The U.S. government wasted no time in lambasting Ahmadinejad; in 2007 Congress passed a resolution signaling their disapproval in no uncertain terms and condemning the practice of Holocaust denial in general. Of course, there remains no political risk in scolding Iran—America has had little strategic interest or diplomatic ambition in the Islamic Republic since both countries parted ways after the 1979 revolution...
...course, some have pointed out that contemporary governments shouldn’t meddle in history, that the confirmation and evaluation of historical phenomena should be left to historians. However, Congress has a strong precedent of politically recognizing historic events. In recent years, it has passed resolutions commemorating the anniversaries of the Holocaust, the founding of the Republican Party, and even Napa Valley’s victory in a 1976 Paris wine-tasting competition. No one objected to these commemorations...
...consensus for such a massive infusion holds - and with large Democratic majorities in both Houses of Congress, there is little reason to think otherwise - Obama would be able to include in the measure a number of programs he has advocated: tax cuts, jobs and spending initiatives, health-care reform, aid to beleaguered industries and energy-efficient investments and infrastructure...
Obama was careful in his comments about the U.S. auto industry, which is on the brink of bankruptcy and seeking a government bailout. While describing the industry "historically as the backbone of America's manufacturing base," he split the difference between advocating direct loans of the kind denied by Congress last week and doing nothing. Obama vowed to "help the auto industry," but noted, "We can't just write a blank check ... I was surprised that they did not have a better thought-out proposal when they arrived in Congress...