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...said would be her last, Hutchison has been dancing a coy waltz across Texas over her plans to run in 2010 for governor. But in December she set up a gubernatorial exploratory committee, funding it with $1 million from her $8 million federal campaign chest. That move forced major Republican donors to choose sides, and it has sparked a wave of speculation about whether or when she might resign her Senate seat and who would seek to replace...
...state treasurer. But the two rivals draw their support from different wings of the Republican Party. Perry has found strength among conservative Christian Republicans, while Hutchison gets high marks from urban Republicans, many of them female, plus independents. And Hutchison's move is forcing some of the party's major financial backers to choose sides, among them several important Perry backers - including Houston beer distributor John Nau and Dallas oilman Louis Beecherl - who have switched their allegiance to Hutchison. Well-known Texas personalities, former Dallas Cowboys quarterback Roger Staubach and movie star Chuck Norris have also donated to the Senator...
...these laws are under fire, cited by critics - mostly but not exclusively on the political left - as major precipitating causes of the financial meltdown. And while both were signed into law by Bill Clinton, Gramm has taken the most heat. (It hasn't helped that, since leaving the Senate in 2002, he's been working for Swiss banking giant UBS, which has sustained huge losses on bad mortgage securities and derivatives...
They never did so, and Gramm acknowledged that the credit-default swaps market as it developed was "so opaque that nobody knew who was holding the bag." But he said he didn't buy that it was a major precipitating cause of the crisis. What was? "It was a confluence of two forces," he said. "Alone, neither would have created a cataclysm...
Just as no war plan survives first contact with the enemy, even the smoothest sailing Presidential transition is destined to founder a bit in its first days at the White House. So while the new Obama Administration did jump out of the gate with major announcements on ethics guidelines, the planned closing of Gitmo, and a tightening of interrogation policies, it also endured its fair share of slip-ups. (See behind-the-scenes pictures of the Inauguration...