Word: hardding
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...deserve the same financing aid as the auto industry. Dean Baker, co-director of the Center for Economic Policy and Research said that although the financing program leaves some of the risk on the lenders, (only 75% is guaranteed by the SBA, not the maximum 90%) it's hard to see what the Administration's goal is and how effective the plan will be over time. "The question is, what exactly do we hope to do with subsidizing this sector?" he says. "I'm very hesitant to say that's a good use of public funds at this point...
...every business can be special," says J.D. Foster, senior fellow at the Heritage Foundation, a conservative think tank in Washington. "When you start identifying federal programs to prop up every conceivable industry that's complaining of economic hard times, you end up with a situation in which everybody is supporting everybody- which means nobody is being supported...
...Corazon Aquino's life lent itself to maxims, but two hard-nosed ones seem particularly worth pointing out. First, political sainthood is a gift from heaven with a Cinderella deadline - once past midnight, you are a pumpkin. Second, personal virtues are never a guarantee of effective or successful governance. What was truly shocking about Aquino's tumultuous six-year term as President of the Philippines was that those maxims proved untrue. Midnight always threatened Aquino but never struck; and she was a good woman whose goodness alone, at the very end, was what proved enough, if only by an iota...
...President has been forced to compromise on Capitol Hill. Such wheeling and dealing happens all the time, even when the majority in Congress shares a party affiliation with the White House. It is rather that the President has, with rare exception, declined to highlight these compromises or take hard-line stands, even as he continues to declare in speeches and statements his determination to force through sweeping change in the way Washington operates. Despite Republican suspicion of Obama's ideological bent, he has proven to govern as a pragmatist, willing to do what it takes to get the votes...
...This inertia of habit may ensure that after 50 years, even a debilitated ETA could be hard to eradicate. "Think of those communist parties in Western Europe, or neo-Nazi groups, who don't have the slightest chance of ever returning to power - they're still around," Sánchez-Cuenca says. "An organization is a lot harder to kill than an individual...