Word: paulson
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Dates: during 2000-2009
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...once-stalled negotiations. Then McCain, his Democratic rival Barack Obama and congressional leaders from both parties went to the White House for what some billed as a photo-op, a public showing of bipartisan support for a piece of legislation that Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and the President himself have called absolutely vital to preventing economic collapse. Reporters waited and waited on the rainy White House driveway expecting to hear from the two candidates, only to be informed by Senator Richard Shelby, the top Republican on the Senate Banking Committee, that there was no deal...
...half of his caucus - or 100 members - to vote for the legislation so that Democrats are not left passing this still very unpopular bill by themselves less than two months before the election. Boehner simply doesn't have the votes and nothing that President Bush, Vice President Cheney, Secretary Paulson or even Boehner has said has swayed the GOP's rank and file...
...During Paulson's meeting Wednesday with the GOP caucus, dozens of members steadily streamed out of the meeting in outrage. Finally, with just 60 or so members left in the room, Paulson called for a show of support, according to Representative Tom Davis, a Virginia Republican. Only four people raised their hands. Eric Cantor, a Virginia Republican who has started pushing an alternative to the Paulson plan that would not require Washington to pony up so much money, said every member has been inundated with hundreds of calls from angry conservatives...
...Paulson, Henry M., Jr. •proposal that Congress give him $700 billion to use however he wants with absolutely no oversight offered...
...while the Bush Administration bailout plan does require an unprecedented outlay of taxpayer funds, White House officials say the cost of a crippled economy would be an even greater burden on average Americans. Treasury Secretary Henry Paulson believes that while the House Republican proposal would help moderate the current crisis, it wouldn't be enough to do the job. Nor is it the most effective way, Treasury officials argue. Leaving those toxic mortgage-backed assets on financial institution balance sheets, they say, would not provide the additional liquidity that banks desperately need right now to get the nation's paralyzed...