Word: congression
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...crack down on Wall Street - first the new tax on big banks last week, then Thursday's new restrictions on big banks - signal a somewhat new approach to financial reform. But they also signal a very new approach to politics and governing: more populist, more confrontational, less deferential to Congress, less eager for common ground. His uncharacteristically blunt message to financial giants and their political defenders said it all: "If these folks want a fight, it's a fight I'm ready to have...
...real message behind all the bank-bashing is that Obama is shifting gears for his second year in office. Instead of calling for general reforms and letting Congress work out the details, he wants to draw bright lines and force lawmakers to choose sides: Do you want to reform the financial system after the worst financial crisis since the Great Depression or do you want to protect the status quo on Wall Street? After cobbling together 60 Senators for health reform through endless delays and deals - which thanks to Brown would now require cooperation from at least one Republican along...
...that's the good government fight. That's the fight against the appropriators in Congress. You're absolutely right, and look, one of the things we've got to do better is to tell the story of what was in the [American Recovery and Reinvestment Act]. That was the largest investment in research and development in our history...
...sensitive to the fact that Congress has its prerogatives. We're trying to nudge them in the direction of rationalizing our transportation knowledge - particularly in a time of fiscal constraint. And by the way, that's a principle that's going to apply, Joe, to all of government. You mentioned earlier the pivot that we have to make. It's not driven by politics. We had to do what we had to do last year, whether it was politically popular or not. Now that we have begun the recovery process and the economy has stabilized, we have to deal with...
...This year's reigning in of public dissent has also been linked to internal struggles between communist hardliners and reformers within the secretive Politburo, the inner circle of communist party leaders. Even though the next big political event - the national congress in which key officials will be elevated (and demoted) - isn't scheduled until 2011, analysts say the recent crackdown is part of a jockeying for power in the run up to the meeting...