Word: fiascoes
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...point decrease in the Dow, Iceland becoming insolvent, a requested bailout for the Big Three automakers, and as of Monday a bona fide, American-made recession. Because of all of this, it’s easy to forget what started this debacle—the subprime mortgage fiasco. If you’ve forgotten, then I’d suggest Michael Lewis’s recent article in Portfolio.com, “The End of Wall Street’s Boom,” as a refresher on the greed and incompetence that got us in this situation...
...Florida hanging-chad, butterfly-ballot, television-network-confusing fiasco. The presidential race between Al Gore and George W. Bush was eventually decided by the Supreme Court, which voted 5-4 to suspend recount activity, a decision that ultimately awarded the state and its Electoral College votes to our 43rd President. There were machine counting, hand counting, ballot inspections, dispute over absentee votes, a powerful Florida secretary of state named Katherine Harris and enough hand-wringing that the transition between Bill Clinton and Bush was delayed by six weeks...
...Gates is a great choice because of the respect he has gained from all quarters after the fiasco that went before," says Anthony Zinni, a retired four-star Marine who once headed the U.S. Central Command. "He would also provide continuity at a critical time." The key to Gates' sticking around, Zinni suggests, is how many Pentagon political appointees Obama would let Gates keep if he stays, which would deny Democrats those crucial national security positions. "I think he won't stay without his team," Zinni says of Gates, "and the [Obama] Administration can't let him keep them." Then...
...commander who had neither a grasp of the subtleties of fighting an insurgency nor the political acumen to sell his ideas back home. Some correspondents who covered Iraq in the months after the fall of Saddam Hussein also came away with that opinion; in his best-selling 2006 book, Fiasco, Washington Post correspondent Thomas E. Ricks suggested that Odierno's tough tactics in the Sunni Triangle had helped fuel the insurgency. Odierno's 4th Infantry Division, while hunting down Saddam and fighting off the remnants of his irregular fedayeen forces, flattened houses said to have been used by fighters...
...Eisenhower's turn, he was determined to handle things better, and to their mutual surprise, he and Kennedy impressed each other when they met at the White House. The young President later found himself relying on Eisenhower for both private guidance and, after the Bay of Pigs fiasco, some public cover...