Word: draggedly
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...congressional offices were reporting that constituent phone calls were running 100 to 1 against the measure, which was seen across the country as a bailout of the very Wall Street executives whose misjudgment in making and selling bad real estate investments had spawned a credit crisis that threatens to drag down the entire financial system...
...absence of a clear winner, coalition talks to form a government are expected to drag on for months. Both big mainstream parties have vowed that they will not form a coalition with the far right, but given the strength of those parties' showing, and the weakness of Austria's other small parties, including the Greens, commentators are not ruling anything out. For his part, Haider said after the vote that the two far-right parties should consider papering over their differences and joining forces. "Voters now expect us to do something for Austria," he said. "They do not want...
...then McCain made his surprise announcement that the financial crisis was more important than politics, which was why he had to drag the entire circus of presidential politics into the middle of the delicate negotiations. Which seemed to blow up the moment he arrived in town. Conservative Republicans in the House had their own ideas for a bailout, including a suspension of capital-gains taxes, which made no sense as a response to a Wall Street free-fall - a capital-gains tax holiday would only encourage a bigger sell-off - but hey, conservative Republicans in the House really hate capital...
...weren't a lot of warnings that houses were becoming too valuable (or calls for greater regulation of anything) from the politicians and commentators who are now so indignant. What was not so obvious was the ability of real estate, which has always had a slightly rakish air, to drag even the most respectable and conservative parts of the economy down with it. Other problem areas, like Social Security, also have a Ponzi-scheme flavor: the claims on some pile of money exceed the size of the pile. In many of these schemes, the average American plays both the victim...
...effort to stabilize the economy by buying up toxic mortgage-backed securities. He's also asking Congress to lift the ceiling on the national debt to a record $11.3 trillion from the current $10.6 trillion, which could weaken the U.S. dollar, raise interest rates and act as an additional drag on the economy. All that money has led to lots of questions from lawmakers and taxpayers alike. Here are a few answers...