Word: nationalizes
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...permanent problem of the human race. One hundred years from now, he wrote, our grandchildren would have found a solution to that problem. But 80 years after the Great Depression, in the midst of an unprecedented banking crisis that has many Americans wondering if the economy will bring our nation to ruin, it is a fair question as to whether the extraordinary growth of the past few decades has brought us any closer to finding a solution to the “economic problem.” At his most lucid, Stoll warns us not to hold our breath...
After the debate, fact-checkers were in a frenzy correcting McCain on several tidbits concerning the man who's now the most famous plumber in the nation: his name, Samuel Joseph Wurzelbacher (not Joe Wurzelberger); that Wurzelbacher would face "much higher taxes" turns out would not be true after he admitted that the business he wants to buy likely wouldn't make enough to be taxed under Obama's plan; and more importantly, the fact that McCain apparently mistook Wurzelbacher's desired salary of $250,000 for his current salary, which the plumber says is far less. Which of course...
...much members take home, or on industry earning standards. But a representative at the UA says that owners of plumbing businesses would likely take bigger hits in economic hard times because they incur the production costs of keeping a company running. Paul Abrams, a spokesman for Roto-Rooter, the nation's largest plumbing and drain service provider, says he has seen evidence of that. "We've had some people who owned businesses close up shop and come work for us," Abrams says...
...Without a doubt the two main factors are the financial crisis and the presidential debates. When Lehman Brothers collapsed on Sept. 14, McCain still led the national polls by about two points. For McCain, the subsequent fallout proved to be a triple whammy, reminding voters about the benefits of government regulation (a traditionally Democratic argument), highlighting the failure of leadership of the current White House and accelerating the nation's collective sense that it has been heading in the wrong direction...
...initial bailout plan was crafted, his campaign declared victory, saying McCain had helped give the House GOP a real bargaining position. This posture might have worked had the House Republicans not surprisingly sunk the bailout package in a vote that Monday, sending the stock market reeling and the nation further into a crisis of leadership. McCain's gamble had not just failed to produce results, it left him looking impulsive and erratic. Days later, to add insult to injury, McCain was forced to vote for a revamped bailout package chock-full of the special-interest earmarks he has long opposed...