Word: republicanized
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...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former Congressman from Iowa (and current Barack Obama supporter) whose name is on the Gramm-Leach-Bliley Act that repealed Glass-Steagall.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...
...said to laughter and applause. Vilsack also emphasized the important role students can play in getting out the vote. “You ought to take it as your personal responsibility to make sure that every Democrat that you know, that every thinking Independent and Republican that you know, gets an e-mail from you,” he said. “You will be the difference.” In an interview after his speech, Vilsack said he believes young people will be important in this election. He added that the opportunity to spend the fall at Harvard...
...Though Republican vice presidential nominee Sarah Palin recently mocked Barack Obama’s time as a community organizer, last night’s speakers at the Harvard Republican Club meeting encouraged students to get involved with local communities. Putting aside questions of partisanship, Jamie Bush, cousin of George W. Bush, and Democratic Reverend Hurman Hamilton spoke in Adams House Upper Common Room about their experiences in community work and provided insight into the state of poverty and urban issues in America. “You can be involved in a million different things on campus and beyond and you?...
House Democrats passed a bill Tuesday night that would end a 26-year ban on drilling for oil in federal waters 50 miles or more from the Atlantic and Pacific coasts - in a belated attempt to find political shelter from Republican election attacks over gas prices. But even as House Speaker Nancy Pelosi steered the bill through procedural hurdles to passage during the day, Senator John McCain demonstrated the continued power of the issue on the campaign trail...
...authorized only a modest withdrawal, planning to bring home 8,000 troops by February, leaving behind some 138,000. Further troop withdrawals will be influenced by events on the ground, and also by the outcome of the U.S. presidential elections. Iraqi officials want all U.S. troops out by 2011. Republican presidential candidate John McCain has refused to set a timetable, while his Democratic opponent, Barack Obama, has pledged to withdraw all U.S. combat troops within 16 months of taking office...