Word: micheles
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...middle-income taxpayers. The White House and congressional leadership had hoped to overwhelm qualms about the pact's fairness by arguing that it was the best compromise that could be achieved. But as soon as the plan was presented, the Administration, House Speaker Tom Foley and minority leader Robert Michel promptly found themselves absorbing fire from left, right and center. The plan's Medicare component immediately became one paradigm of the scheme's vulnerabilities. Loreen Gephardt, 81, mother of the House majority leader, seemed to speak for the 33 million other Medicare recipients when she urged her son to leave...
...Bush's most controversial proposals -- to reduce the capital-gains-tax rate, ostensibly to stimulate economic growth -- fell from the table. First, Senate ; G.O.P. leader Bob Dole broke with the White House by proposing that capital gains be separated from a larger deficit-reduction package. His House counterpart, Bob Michel, joined in. "We're in trouble," admitted a Bush adviser. "We got no support." Reeling from the defections, the Administration lashed out at the Democrats. In a campaign speech for G.O.P. candidates in Ohio, Bush hyperbolically insisted that if the dreaded sequester were to occur, "the Democratic Congress knows that...
...replace the 750,000 bbl. a day of interrupted oil supply from Iraq and Kuwait. Gas already has many applications: heating, cooking and generating electricity. But energy experts are working on new ways in which the fuel could replace oil and gasoline, most notably in powering vehicles. Predicts Michel Halbouty, a Houston wildcatter: "Gas will be the nation's key energy supplier. We have lots of it, and there's a load more to be found...
Capitol Hill Democrats are not the only ones infuriated by the pit-bull manner of House Republican whip Newt Gingrich. G.O.P. minority leader Bob Michel can scarcely hide his irritation with his feisty subordinate. In press conferences last week, Gingrich, a member of the budget-summit conference group, lashed out at "tax-and-spend Democrats" and said it was impossible to deal with them as if they were "responsible people." Michel, charged by the White House with the task of working out cooperative budget negotiations, seethed at this torching of bipartisan goodwill. Visitors to Michel's office say that when...
...ceased to pull the rest. A week earlier, Sotheby's contemporary auction was a flop, with overall sales totaling little more than $55 million against estimates of about $86 million to more than $112 million. The prices of "name" artists, from Willem de Kooning to Eric Fischl and Jean-Michel Basquiat, were humiliatingly trounced, although a few -- Cy Twombly, Richard Diebenkorn -- saw new levels set for their work...