Word: plan
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...remove the burden of today’s bank woes from the backs of taxpayers and dump them right back from where they came. If the troubled-securities bought by the Treasury Department aren’t worth what the Treasury paid for them, the president must submit a plan to use new taxes to recover the government’s losses from the finance industry. With so many demanding a pound of flesh from the big banks, lawmakers may just be pushing Wall Street’s medicine five years down the road. But that?...
...Here is what Administration and congressional leaders must do if they want to convince the public to get behind the next iteration of the plan - assuming, of course, that they come up with a plan worth backing...
After the bailout bill went down in defeat, most of the legislators who had voted against it sang this refrain: The voters made us do it. Indeed, before Monday's vote, angry constituents overwhelmingly panned the plan championed by Treasury Secretary Henry Paulson. The volume of e-mail crashed the House's website. After Wall Street tumbled 778 points, voters are still mad - and now even more confused. Representative Steve LaTourette, a Republican from Ohio, tells it this way: until Monday, the calls and e-mails to his office were 200-to-1 opposed to the bailout. But after...
...made for a sickening spectacle, watching the firefighters argue over the diameter of the hose as the house burned down around us. And President Bush, in a final countdown to oblivion and with sub-basement approval ratings, was hardly in a position to rally the public behind a plan that violated every economic and political principle he's ever espoused...
...just say that it's an American plan to sell out some Iraqis?" al-A'ghayde says angrily...