Word: electioneers
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And Merkel faces a re-election fight in September. Her main opponents are her current partners in government, the Social Democratic Party (SPD). Both parties will be measured by their response to the financial crisis. An early test comes on Jan. 18, when the first of several key state and...
After months of upbeat assurances, Ahmadinejad finally admitted last month that economic problems had compelled him to recalculate the 2009 budget to reflect an oil price between $30 and $35 a barrel rather than $60. He also drafted a bill to scrap lavish fuel and electricity subsidies, which give Iranians...
Barack Obama promised during his election campaign that he would pursue a settlement of the Israeli-Palestinian conflict from Day One of his presidency. The Gaza crisis has now turned that interest into an urgent requirement while making progress even more difficult. Nevertheless, in this crisis, as in the many...
In the past 50 years, arguing for tax increases to fund the expansion of federal programs has been a political death wish. Lyndon Johnson could not sell the public on tax increases to pay for his War on Poverty when the Vietnam War intruded. Jimmy Carter failed to close the...
Toward the end of the general-election campaign, Obama was asked repeatedly what initiatives he would cut given the increasingly bleak economic reality. His responses then were suitably vague, and it turns out the answer appears to be: very few. Instead, most of those programs (and their price tags) are...