Word: john
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...drama over the last week - John McCain's theatrical but ultimately unhelpful return to Washington, the anti-Socialist rants of House Republicans, the political maneuvering by Nancy Pelosi - the deal comes as something of an anticlimax. The market had already priced in the deal all last week, ignoring the Hill's histrionics, and Paulson and Bush were always adamant they were going to get a deal. So what did all the drama actually produce...
...political fallout is also yet to be determined. Obama appears to have played his natural advantage on this issue well, staying far enough out of the spotlight to avoid owning the issue, but coolly providing guidelines and participating as needed in the negotiations. John McCain, has bigger problems on his hands. The bad economy necessarily works against the incumbent party and his self-proclaimed weakness on financial matters, combined with his considerable wealth, may be as great a vulnerability...
...started musing about this last week, when John McCain dramatically suspended his campaign to return to Washington to do his real job - being a United States Senator. What other job allows you to not show up for work for months at a time without getting in trouble? In Obama's case it's been over a year now since he's worked, but he still gets paid to be Senator. What kind of employer cuts workers that much slack? And what kind of administrative mess must we have in the Senate for there to be no discernible loss of function...
...Friday, the historic moment passed unmentioned as Senators John McCain and Barack Obama eased their way into a debate that pundits termed competitive but unlikely to be game-changing...
...more than tripled. This major increase in fuel costs has had a seriously detrimental effect on the American economy, causing enormous demand destruction and adversely affecting GDP growth. But despite the passionate advocacy of public figures such as Governor Sarah Palin of Alaska and House Minority Leader John Boehner of Ohio, offshore drilling provides little windfall: drilling will have a minimal, if any, effect on gasoline prices in the near future. According to the New York Times and the Department of Energy, it is unlikely that repealing the current bans on offshore drilling will result in any short-term extraction...