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...plan has received a relatively positive response from Democrats in Congress. "This is a good effort," said Steve Adamske, Frank's spokesman. "We have some disagreements, but they are moving in a direction that we think is positive." Daly, Pelosi's spokesman, said her office has concluded that Paulson's plan is "probably a decent first step, but there's just a lot of devils in the details." In short, the Treasury plan is seen as an opening bid in negotiations with Congress over just how far the new regulatory power will extend. And by showing at least an appearance...

Author: /time Magazine | Title: The Politics of Paulson's Proposal | 3/31/2008 | See Source »

...Many Democrats still worry that the Treasury plan could prove a preemptive anti-regulatory trap - hardly the first time Bush has pulled off such a gambit. On fuel efficiency standards, Bush and the auto industry insisted on holding out against tough new restrictions until it became clear that the House and Senate could produce a veto-proof majority. At that point, Bush and the industry backed lesser standards, which eventually became law. More recently, Bush intervened in mid-March to soften new anti-ozone regulations after the EPA had concluded that tough new standards were necessary...

Author: /time Magazine | Title: The Politics of Paulson's Proposal | 3/31/2008 | See Source »

...Lost in the debate over how much regulation to impose is what if any effect the Treasury plan might have on the current crisis. The simple answer is none. The Treasury department says some modest short-term proposals in the plan can be implemented right away, but any of the larger reorganizing efforts, including the creation of the new regulatory bodies, are likely to take three to eight years to make it through Congress and into action...

Author: /time Magazine | Title: The Politics of Paulson's Proposal | 3/31/2008 | See Source »

...several strategies," said Linda Davis Kyle, a forty-something writer and ardent Hillary supporter. "While they were doing high fives because they had more people, we stayed cool. Plan one was for everyone to vote for the same person." That would sacrifice any chance at getting one of the alternates, but would ensure a delegate for Hillary. On the Obama side, Jay Carter, 32, a former TV reporter turned real estate company owner, said the hope was that the Clinton ranks would split. The Obama team planned to divide their votes - women voting for a women delegate, men voting...

Author: /time Magazine | Title: Fighting for Every Texas Delegate | 3/31/2008 | See Source »

...Hillary group's plan worked out, however. The Clinton team held fast, and even though the Obamaphiles had almost two-thirds of the delegation, each side got one delegate, with Obama winning the two alternates. "The math is the math," said Tanya Quinn, 48, a self-employed graphic artist, the winning Clinton delegate and precinct team leader. "I was given my task and we did it. Hillary is all about solutions, and we had the solution...

Author: /time Magazine | Title: Fighting for Every Texas Delegate | 3/31/2008 | See Source »

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