Word: foreigners
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...result than the perception that the United States still cannot muster the political will to begin to seriously address climate change. Republicans and coal-state Democrats appear determined, not unjustifiably, to block domestic legislation until after Copenhagen out of fear that American business will be disadvantaged vis-a-vis foreign competitors. Hopefully, the threat of EPA regulation, and the political pressure for serious legislation that it engenders, will weigh seriously in the international balance leading up to Copenhagen...
...financial crisis - massive interventions in the housing and credit markets, a market-based plan to buy the toxic assets that many banks have on their books, a plan to bail out the auto industry and a strict new regulatory regime proposed for Wall Street. Obama has also completely overhauled foreign policy, from Cuba to Afghanistan. "In a way, Obama's 100 days is even more dramatic than Roosevelt's," says Elaine Kamarck of Harvard's Kennedy School of Government. "Roosevelt only had to deal with a domestic crisis. Obama has had to overhaul foreign policy as well, including two wars...
...longer useful, he'll cut you loose.") The President's willingness to speak candidly about American failures when he travels at home and overseas - Wall Street's role in launching the financial crisis, for example - has annoyed Bush stalwarts, but it has opened the door for a new, cooperative foreign policy that is as dramatic a break from the past as the domestic initiatives Obama described in his Georgetown speech...
...National Security Adviser James Jones, who is still adjusting to civilian life after a brilliant career in the military. "Obama has appointed all these high-powered envoys like [Richard] Holbrooke and [George] Mitchell, but we don't know who's going to really be in charge of setting the foreign policy priorities," says a prominent foreign policy realist who admires Jones. "That should be Jim's job. But he's throwing off a sense of uncertainty." Several sources say Jones seems to attend meetings rather than lead them. "He needs to drive the agenda," the foreign policy expert adds...
...fate of Obama's first year in office, if not his Administration, will probably be determined by the way he handles four distinct challenges - two in foreign policy and two domestically. The domestic challenges are more important, given the financial crisis. One is whether the financial community will buy his "house built on rock" formulation. "I don't think the banking community understands the scale of the damage that they've done to this society," says a senior Obama financial adviser. And another says, "They're in denial. They don't understand how angry people are about a $1 million...