Word: repeals
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Dates: during 2000-2009
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...become an article of faith for many on the left - and some from other political precincts - that the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street, is directly responsible for our current dire financial plight. Its repeal, argued journalist Robert Kuttner in testimony before Congress last year, enabled "super-banks ... to re-enact the same kinds of structural conflicts of interest that were endemic in the 1920s...
...didn't have commercial banks ready to step in, you'd have a vastly bigger crisis today," says Jim Leach, a Republican former Congressman from Iowa (and current Barack Obama supporter) whose name is on the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Leach is no neutral observer, and there can be no proving that Glass-Steagall repeal has made the world safer. But amid the predictable debate now underway about how much new financial regulation is needed, it just doesn't make a very convincing scapegoat for the crisis...
...leadership contest]," says David Davis. "He would use a word like detoxifying the party. He thought that was the predominant mission, and arguably he was right." That meant Cameron ditching some of his own bred-in-the-bone leanings toward social conservatism. In 2003 Cameron opposed the repeal of 1988 legislation banning local authorities and schools from "promoting" homosexuality. He now says his earlier stance was a mistake...
...that the "Don't ask, don't tell" policy should be reevaluated, he has not said whether he personally opposes it. (Which is why activists have told the Obama campaign that picking Nunn would cause problems with gay fund raising.) For his part, Obama has long said he would repeal the policy, but he has not said how or when he would do so. Because the law gives the Secretary of Defense the sole power to devise the "procedures" under which homosexual conduct or statements are discovered, a President Obama could, on Day 1, instruct his new Secretary to simply...
When asked Tuesday if Obama would use executive or legislative means - or a combination thereof - to repeal "Don't ask, don't tell," campaign spokesman Tommy Vietor issued a statement saying, "As President, Senator Obama would work in consultation with our military leaders to submit legislation to Congress repealing 'Don't ask, don't tell' and advocate for its passage." The trouble is, while the long legislative process of repealing the law unspools, many gays in the military will almost certainly lose their jobs. Because the military is fighting two wars, commanders discharge only about 600 bisexuals, gays and lesbians...