Word: gop
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...During the speech itself, Obama charmed the crowd with an ease that should no longer surprise anyone. There is a reason he was elected president with flying colors, a reason he has a 66-percent approval rating while the party of his opponents, the GOP, polled its lowest approval rating this week in the 25-year period the question has been asked. Obama spoke at length of the Czech Republic’s history and road to independence, flawlessly pronouncing the Czech phrase for “Velvet Revolution,” the movement that ousted Communism from the country...
...Given the GOP opposition, support from a group of moderate Democrats known as the Gang of 16 (led by Senator Evan Bayh of Indiana) is essential. Although most insisted that Obama's presence on Capitol Hill was not a sales job, the luncheon was dominated by talk of his budget. "These initiatives - education, better health care - are not free," said Senator Mary Landrieu, a Louisiana Democrat, who asked Obama about a provision she strongly opposes that would raise taxes on independent oil and gas producers. "But he was very open to consider some of those changes, which is what...
...Republicans on the FDIC in the early '90s, when it takes dramatic action in case of major banking crises. Though industry officials may gripe, Geithner's fixes are little different from the rules that traditional banks already abide by (and make plenty of profits under). And even the GOP might not have as many philosphical objections as one would expect. On the same day that Geithner rolled out his proposals, House Republicans expressed support for a step the Obama Administration has so far resisted: turning to the FDIC, or an entity like the Resolution Trust Corporation used during the savings...
...finger pointing as all of Washington tries to harness public anger, score political points and figure out how AIG managed to grant the bonuses even after all the legislation Congress has passed to limit compensation to executives of the companies taxpayers have spent trillions of dollars bailing out. The GOP blamed Democratic ineptitude in the rush to pass too many bailouts; Democrats and Republicans alike said the Treasury Secretary Geithner has been asleep at the wheel; and the Obama Administration tried to refocus attention on the consensus point that Wall Street greed is the opposite of good...
...afford. What's more, their bill can boast something no other plan has at this point: bipartisan support. In the Senate, Wyden's Republican co-sponsors include Utah's Bob Bennett, Idaho's Mike Crapo, South Carolina's Lindsey Graham and Lamar Alexander of Tennessee, a member of the GOP Senate leadership...