Word: republicanized
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Democrats in Congress who want new money for the bridge loan consider the proposal unlikely to pass in the face of an expected Republican filibuster. Some in the party would not mind if one or two of the auto companies go under, reasoning that it would be easier to force them to restructure along strict environmentally correct lines. But there's concern that bankruptcy could lead to a broader economic fallout. "Because of the condition of the credit market, there's some concern the car companies would have to liquidate," says one senior Democratic aide...
More important than the battles between parties or among Democrats, though, are the disputes within the Republican Party. The nastiest fight has been over the program to restructure mortgages nationwide. On Oct. 30, staff from the Treasury Department met with staff from the FDIC to discuss a $50 billion plan to get banks to rewrite troubled loans to make them affordable for distressed homeowners. The FDIC side saw the Treasury's interest as a sign that the plan would be approved...
...chapter titled "Faux-Cons: Worse than Liberalism," Huckabee identifies what he calls the "real threat" to the Republican Party: "libertarianism masked as conservatism." He is not so much concerned with the libertarian candidate Ron Paul's Republican supporters as he is with a strain of mainstream fiscal-conservative thought that demands ideological purity, seeing any tax increase as apostasy and leaving little room for government-driven solutions to people's problems. "I don't take issue with what they believe, but the smugness with which they believe it," writes Huckabee, who raised some taxes as governor and cut deals with...
...Jones III, chancellor of Bob Jones University in South Carolina, for endorsing Rudy Giuliani and Romney, respectively. He also has words for the Texas-based Rev. John Hagee, who endorsed the more moderate John McCain in the primaries, as someone who was drawn to the eventual Republican nominee because of the lure of power. Huckabee says he spoke to Hagee by phone before the McCain endorsement while preparing for a spot on Saturday Night Live. "I asked if he had prayed about this and believed this was what the Lord wanted him to do," Huckabee writes of the conversation...
...sharp words Huckabee has for his fellow Republicans, score-settling is not the major thrust of the book, Huckabee's sixth. Rather, Huckabee, who now hosts a weekend show on Fox News, spends most of the pages celebrating the grass-roots success of his surprisingly successful campaign and laying out, again, his vision for the future of the Republican Party, which includes instituting a national sales tax to replace the income tax and renewed focus on health-care prevention and education. He mentions McCain only in passing, and with praise, calling him a "true statesman and a man of honor...