Word: democratization
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...Summers has more credibility with Republicans than many other Obama officials do. He did an early stint in the economic back room of the Reagan White House and helped calm the markets during various mini-crises during the go-go 1990s. But Summers has long identified himself as a Democrat and has often leaned toward the left edge of the centrist economic consensus that has driven our recent financial history. "His solutions tend to be government-led, progressive structuring of the market for what he perceives as the greater social good," explains the new Treasury Secretary, Timothy Geithner...
...Early last year, Democratic Congressman Barney Frank of Massachusetts saw the opposing trends and wanted to add an extra $30 million to the kitty, while Sen. Jack Reed, a Rhode Island Democrat, and other Senators wanted to ante up another $50 million. This year, the House approved an SEC budget of $928 million, while the Senate approved $938 million, a 2% to 3% increase, which is greater than the 1% hike former chairman Christopher Cox requested from the 2008 budget of $906 million. The final budget, part of the government's "Continuing Resolutions," has yet to be approved...
...sniping between the two giants of Texas politics has already begun. Hutchison has said state government needs a long-overdue "scrubbing," while Perry has suggested her vote for the $700 billion Wall Street federal bailout reflects a "Democrat Lite" approach to economic hard times. At a press conference to unveil a pro-life auto-license plate, Perry intimated that his potential opponent has been less than 100% supportive of pro-life policies. Hutchison, whose position on abortion has been described as "nuanced" by conservative columnist George Will, has supported federal funding for stem-cell research and opposed federal funds...
...election. But special elections in Texas have an unpredictable quality. In 1961, after Lyndon B. Johnson's move from the Senate to the vice presidency, Republican John Tower emerged from among 70 contenders to win a seat he went on to hold for 24 years. Then, in 1993, when Democratic U.S. Senator Lloyd Bentsen became Secretary of the Treasury in the Clinton Administration, Governor Ann Richards named fellow Democrat Bob Krueger to the seat - a job he held for just six months before Hutchison won the seat...
...year-old girl, I would listen to my grandmother discuss issues, and she made a lasting impression on me." - On her grandmother, Polly Noonan, a powerful New York State Democrat, in the Albany Times-Union...