Word: rocks
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Dates: during 2000-2009
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...always loved Def Leppard, ever since I was little. I got to do a TV concert called CMT Crossroads with them, where they pair up a country artist with legends in rock 'n' roll. I was singing Def Leppard songs, and they were singing my songs. It was just a complete out-of-body experience...
...financial crisis, the overriding challenge of his first 100 days in office. He had covered this ground before, nearly as well, in his budget message to Congress. But now Obama went further, using a parable from the Sermon on the Mount - the need for a house built on rock rather than on sand - to describe a future that was nothing less than an overhaul of the nature of American capitalism. "It is simply not sustainable," he said, "to have an economy where, in one year, 40% of our corporate profits came from a financial sector that was based on inflated...
That was the house built on sand. His house built on rock had five pillars - new rules for Wall Street, new initiatives in education, alternative energy and health care, and eventually budget savings that would bring down the national debt - which did sound a bit prosaic. Democratic politicians have been promising one or another, if not all, of the above since Franklin Roosevelt reinvented American government in the 1930s. But Obama was making his case in the midst of a national crisis, at a moment when it seemed possible that he might enact much of what he was seeking...
...most important thing we now know about Barack Obama, after nearly 100 days in office, is that he means to confront that way of life directly and profoundly, to exchange sand for rock if he can. Whether you agree with him or not - whether you think he is too ambitious or just plain wrong - his is as serious and challenging a presidency as we have had in quite some time...
...first year in office, if not his Administration, will probably be determined by the way he handles four distinct challenges - two in foreign policy and two domestically. The domestic challenges are more important, given the financial crisis. One is whether the financial community will buy his "house built on rock" formulation. "I don't think the banking community understands the scale of the damage that they've done to this society," says a senior Obama financial adviser. And another says, "They're in denial. They don't understand how angry people are about a $1 million bonus...