Word: democratization
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...minds of Democrats, what changed was the dramatic decision by McCain, who does not serve on the Senate Banking Committee and has rarely exhibited much interest in crafting financial legislation, to come to Washington. "This notion that somehow John McCain is going to ride to the rescue, I think, is a notion in his own mind, not in the reality of what we're facing here," said Illinois Senator Dick Durbin, the No. 2 Senate Democrat. "Bringing the presidential political campaigns to the halls of Congress is not going to make this any easier...
Obama's task would seem to be simpler. As the candidate with the momentum, owing to the unraveling of the financial markets, the Democrat will probably try to steer as many questions as possible - however internationally oriented in the asking - toward the shambolic state of the U.S. economy. This would be the "cool" approach: stick to his strength, convey calm, and gracefully clear the bar of appearing presidential under pressure...
They are different in so many ways: one Republican, one Democrat; one in his 70s, one in his 40s; one white, one black. But John McCain and Barack Obama share the genome of the alpha pol. Timing and instinct are among the dominant traits. How else to explain the fact that both men chose precisely the same day - nearly the same hour - to field press questions for the first time about the collapsing financial sector and the government's proposed $700 billion bailout? Like the cicada crawling up from the earth precisely 17 years after its mom lays her eggs...
...reform - as a means to make U.S. companies more competitive and the economy more efficient. The ground seems particularly ripe for a plan that would provide universal coverage while relieving U.S. businesses of their suffocating health-insurance responsibilities and does it without socializing medicine. Senators Ron Wyden (Democrat, Oregon) and Bob Bennett (Republican, Utah) have made such a proposal, the Healthy Americans Act, which has gained the support of 15 Senate co-sponsors, evenly divided between Democrats and Republicans. It would have employers "cash out" their health-care benefits to employees and then would provide a tax deduction...
...also makes for quick and easy implementation. "When you go to a financial institution and say, 'We'd like to buy your bad assets,' they're going to say, 'Let's sit down and talk right this minute.' " Some on Capitol Hill, including Representative Barney Frank, the Massachusetts Democrat who heads the House Financial Services Committee, think the deal is too sweet for Wall Street and are pushing to give taxpayers a piece of equity in the companies they would bail...