Word: congression
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...said a long time ago that the reality of identifying and returning to their country of origin the X million of illegals who are here is a fantasy. We need to face up to the reality that Congress and Presidents since the mid-80s have failed to deal with the issue. Now is an opportunity to forge a bipartisan solution. We need to find some way to legalize their presence; not [by] granting them citizenship-we may put them at the end of the line-but not [by] sending them all back...
...anymore. But in prose that was spare and clear and compelling, the President proceeded to describe how his Administration had responded to the financial crisis, the overriding challenge of his first 100 days in office. He had covered this ground before, nearly as well, in his budget message to Congress. But now Obama went further, using a parable from the Sermon on the Mount - the need for a house built on rock rather than on sand - to describe a future that was nothing less than an overhaul of the nature of American capitalism. "It is simply not sustainable," he said...
...idea that a President can be assessed in a mere 100 days is a journalistic conceit. Most presidencies evolve too slowly to be judged so quickly. Roosevelt set the initial standard in 1933, overpowering Congress and passing a slew of legislation to confront the Great Depression during his first three months in office. "Lyndon Johnson had two 100-days periods," says historian Doris Kearns Goodwin, "one after the Kennedy assassination and another after he was elected in 1964." Indeed, Johnson's legislative haul dwarfs anything before or since; he quickly got Congress on track to pass landmark civil rights bills...
...quickly, especially in our overripe, overwired cable-news dystopia. As impressive a start as Obama has had, these 100 days could come to seem an overambitious and naive presage of disaster if the President's financial policies are inadequate to meet the crisis; his budget proposals are gutted by Congress; and his attempts to leave Iraq, fight in Afghanistan and negotiate with the Iranians turn sour. "Those of us who are older and more scarred have to be skeptical about all that Obama is trying to do," says William Galston, a Clinton White House policy adviser. "If he's right...
...going to evolve very slowly, if at all," an investment banker told me. "The banks don't want to take the haircut, and the hedge-fund managers" - who would partner with the government to buy the assets - "are afraid that if they start making big money on this, Congress is going to whack them the way it did on the AIG bonuses. If this plan doesn't work, it's going to take a much longer time to get out of the recession. And if it takes longer to get out of the recession, the President won't have nearly...