Word: planning
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Dates: during 1980-1989
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Eager to flee Washington last week for a monthlong recess, Congress worked well past its deadline, arguing over how to finance a ten-year, $166 billion federal rescue plan for more than 500 insolvent savings and loans. The busted thrifts are losing about $20 million a day. When a compromise with the White House threatened to unravel Friday, it looked as if the lawmakers would leave town without solving the problem...
House leaders wanted to charge the $50 billion first-year cost of the program to the federal budget. President Bush had threatened to veto the legislation unless Congress agreed to keep most of the outlay off budget, a plan that Nebraska Senator James Exon called a "continuing grand scheme to fool the American taxpayer ((about)) the real cost of the bailout." Near midnight on Friday, Congress approved a compromise worked out with the White House in which only $20 billion of the program's costs will be charged to the budget. The Government will issue special 30-year bonds...
Although the kidnaping was a success, two days later the larger plan appeared to be backfiring. Recognizing that the U.S. could be more easily pressured than Israel by threats against its hostages, a Hizballah front group calling itself the Organization of the Oppressed on Earth vowed to kill Colonel Higgins unless Obeid was released. Israeli Cabinet officials convened an emergency meeting to formulate a counteroffer. Defense Minister Yitzhak Rabin proposed an exchange of Obeid and the estimated 150 Lebanese Shi'ites held in Israeli prisons for the release of the three Israeli soldiers and all the Western hostages...
During the first seven months of his administration, Bush had some legislative victories, most recently his Savings and Loan industry bailout plan, which both Houses approved with only minor changes...
...other reason advanced by the presidents for dismantling the Contras so quickly is the destabilizing effect of the rebels inside the Honduran borders. This may be true, but a plan to reintegrate 50,000 Contra refugees into the Nicaraguan social and political mainstream within four months doesn't seem viable...