Word: reaction
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Dates: during 2000-2009
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...much of the public reaction to the Treasury Department's plan to dislodge risky loans and poorly performing bonds from banks has been positive. After the plan was announced two weeks ago, the stock market produced one of its biggest rallies in months. At its core, the plan promises to offer cheap loans to investors to purchase bank loans on which borrowers are behind or at risk of default. The plan would put needed cash into the hands of the banks. And on the surface it looks like it could produce sizeable returns for investors, as well as a smaller...
...reaction of Le Pen's fellow MEPs was one of indignation and rage. Backed by a huge majority of legislators, the push to deny the French politician his moment as president now looks a virtual certainty. "Mr Le Pen's negationist remarks, reiterated once again in the European Parliament, disqualify him from chairing the inaugural session of our institution for even a second," said Joseph Daul, the French leader of the Christian Democrats in the parliament. "In this symbol of the reconciliation of European people, it would be an extremely bad signal for our citizens and the world," agreed Martin...
When treasury secretary Tim Geithner rolled out his long-awaited plan for buying up toxic mortgage loans and securities on March 23, reaction was split. Financial markets cheered, with the Dow Jones industrial average rocketing 497 points, or 6.8%, on the day. The chattering classes mostly grumbled, with Princeton economist and New York Times columnist Paul Krugman gloomily leading the way: "It fills me with a sense of despair," he wrote of the plan before it was released but after many details had leaked...
Gelb, who believes the proper reaction to an Iranian bomb is containment and deterrence, not force, may be reacting to past American arrogance with undue humility. "If you try for the perfect solution, you're asking for failure," he says. We have to tolerate a world that isn't quite as we'd want it to be. It will be interesting to see if Barack Obama, who has pretty much gotten his way at every turn, will be able to handle that...
Thus Kroft's bizarrely meta question: "Are people going to look at this and say, 'I mean, he's sitting there just making jokes about money'?" - asking the President to analyze the public's reaction to his tone in an interview he was in the middle of. And thus the hyperventilating over Obama's Leno sit-down, coverage of which focused not on substance but on Obama's comparing his bowling skills to the "Special Olympics." Here's another thing F.D.R. didn't have to deal with: a public jaded by superficial, 24/7 political spin...